For a multi-national organization, sourcing and supplier management with corresponding business rules is a challenge. It is essential to have an efficient supplier evaluation plan for accountability and justification for a long relationship.
Based on our learning various best procurement practices, here are a few scenarios to implement supplier evaluation:
Supply Chain Management is a two-way street. It is very difficult for a larger organization to effectively manage the supply chain process without high-performing suppliers. Great performance of the suppliers will be achieved only if procurement professionals work as a partner and coach their respective suppliers.
Are you struggling to measure you supplier performance and incurring higher purchasing costs? Talk to one of your procurement experts today!