Purpose of this paper is to review the supplier development activities (SDAs) and its Performance outcomes (POs), categorization of these SDAs and POs and also setting the hypothesis to identify the relationship amongst them. Through an extensive literature review of 67 papers from various academic databases 28 SDAs and 33POs are identified for this study. These 28 SDAs are categorized into five different categories and 22 POs into three categories in consultation with the industry practitioners. The SDAs five categories are strategic efforts (SE), Knowledge and information sharing (KIS), Investment (INV), Working together with suppliers (WTS), Involvement of buyer in supplier activities (IBS) and POs are also categorized into three categories i.e. supplier performance improvement (SPI), buyer’s competitive advantage improvement (BCAI) and buyer-supplier relationship improvement (BSRI). In total 13 hypothesis were set to identify the interrelationship amongst SDAs and POs. This study can be further extended to check this proposed hypothesis by using structural equation modeling or regression analysis.