Enhancing Supplier Performance Management for More Profit, Less Risk

from scmr.com

The supply chains of midsize to large enterprises today have one glaring trait in common: uncertainty. If each business unit is measuring suppliers with a different set of criteria (if any criteria is used at all), and not sharing data at the corporate level, how do you know which suppliers are achieving the desired outcomes? With no real visibility, how can you be sure that your most important supplier won’t suddenly experience quality issues that disrupt deliveries? How do you know if your business practices, and those of your suppliers, are in compliance with the latest government and industry regulations? Enter Supplier Performance Management (SPM).

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