A Quick and Effective Guide to Evaluating Supplier Performance
Supplier Performance Evaluation and Risk Management is an impending need which global products and international businesses need to address as part of their procurement and sourcing strategy.
Supplier performance evaluation stands for a focused, smart and effective plan of measuring, analyzing and improving supplier performance and thereby reducing costs, increasing efficiency, improving vendor relations, enhancing business performance, preventing product issues and driving improvements in the supply chain.
Having a solid supplier performance evaluation plan in place is becoming increasingly important each day for all businesses. This whitepaper is a quick, effective guide to building a strong supplier performance evaluation plan.
- Establishing Performance Indicators
- Classification of Suppliers and value Data Integration brings
- Building an Performance Evaluation and role of technology