12.1 inch digital display panels capacitive touchscreen panel

# Effective supplier management of digital display panels: Ruixiang’s approach

In the rapidly evolving technological world, the demand for high-quality digital display panels is growing. Companies are increasingly relying on these panels for a variety of applications, from consumer electronics to industrial machinery. Ruixiang is a leading manufacturer in this field and understands the critical role raw material suppliers play in ensuring product quality and reliability. In order to maintain a competitive advantage, Ruixiang has developed an effective supplier selection management method, which is crucial for the production of its advanced digital display panels.

## Importance of supplier relationships

At Ruixiang, establishing close working relationships with raw material suppliers is crucial. This collaboration not only improves product quality but also ensures the timely supply of materials required for production. By building strong partnerships, Ruixiang aims to achieve stable quality and reduce costs, ultimately benefiting the company and customers.

To become a qualified supplier of Ruixiang, potential partners must go through the purchasing department's rigorous "supplier evaluation" process. The purpose of this evaluation is to evaluate the supplier's capabilities, reliability, and overall fit with Ruixiang's operational needs. Only those suppliers who meet the strict standards set by Ruixiang can be registered as qualified suppliers, paving the way for a mutually beneficial relationship.

## Annual Supplier Rating

Once a supplier is qualified, Ruixiang will implement an annual "supplier rating" system to ensure continued compliance with quality standards. The assessment is based on a number of key performance indicators, including:

1. **Incoming Material Quality**: The quality of the materials received is critical to the production of digital display panels. Ruixiang monitors this aspect closely to ensure that only the best materials are used during the manufacturing process.

2. **Customer Feedback**: Customer satisfaction is an important part of Ruixiang’s business model. Customer feedback on the performance and reliability of digital display panels is considered when evaluating suppliers.

3. **Delivery Performance**: Timely delivery of materials is critical to maintaining production schedules. Ruixiang evaluates suppliers based on their ability to consistently deliver on schedule.

4. **Improve cooperation**: Ruixiang values ​​suppliers who are committed to continuous improvement and collaboration. This aspect of assessment encourages suppliers to innovate and improve their processes, ultimately benefiting both parties.

By focusing on these aspects, Ruixiang ensures that the products provided by its suppliers meet the company's strict requirements. This systematic approach to supplier management not only improves the quality of digital display panels, but also helps improve the overall efficiency of the production process.