Feb 17, 2022

How to Improve Supplier Performance Management

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All organisations are dependent on their suppliers. No matter how streamlined your own operations are, if your suppliers don’t produce the desired quantity of quality goods on time, every time, sooner or later you’re going to fail to deliver to your customers – and it’s you who will feel the cost. Out of stock items, long order delays, missed opportunities and deadlines – poor performing suppliers are often the root cause of them all.

As such, it’s essential for organisations to establish an efficient mechanism to measure, analyse and manage the performance of their suppliers – a practice known as supplier performance management (SPM).

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