In the post 1, post 2  and Post 3 of the series we discussed why Supplier Management is gaining importance and the importance of Supplier Information Management along with the Best Practices for the same. Post 4 was focused on the aspect of Supplier Performance and its importance, now we will elaborate the best practices for Supplier Performance Management.

In the recent webinar on ‘How I Met Your Supplier: Best Practices in Supplier Management’ conducted by ISM, Ardent Group and Zycus Inc., Andrew Bartolini, Managing Partner and Chief Research Officer, Ardent Partners, in January 2014, mentioned the following Best Practices for Supplier Performance Management that must be adopted by all organizations:

In the next blog we will discuss 2 Case Studies wherein we will discuss how Supplier Management proved to be beneficial for a $3 Billion Dollar Cloud Computing Leader based in the United States and a $400 Billion Dollar Oil Giant. So Stay tuned…

Learn More: Vendor Management Guide