Supplier Performance Management

Supplier performance management refers to the process of tracking supplier’s performance by measuring, analyzing and managing their key efforts in functioning of an organization. The main reason behind keeping a check on the supplier’s performance is not only to bring down costs, but also to eradicate risks and improve continuously. Thus, through the assessment and judgment of supplier performance, organizations are equipped enough to maintain the finest service and eradicate those suppliers who fail to comply with the company policies.

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