Evaluate and Control Supplier Performance with Vendor Management Software
If you want to meet the demand of the customer in the most cost-effective and efficient manner, supply chain management is the answer. In theory, it’s quite clear-cut—the premeditated movement of products from factory, to warehouse, to retail outlet, to customer. But in real world, it’s extremely complex. This chain is only one probable variation among many diverse supply chain structures; each poses its own distinctive challenges. In such scenarios, organizations often find it hard to monitor the performance of the supply chain. Here comes the role of vendor management software . It is designed to assess supplier’s performance with the purpose of improving it and eliminating business risk. The risks we refer here are things that harmfully affect business such as on time delivery, cost, communication and non-conformity just to name a few. Evaluating performance and managing expectations The customer with the conformity of their suppliers determines the lowest lev