Measuring Supplier Performance and Scorecarding:
Tracking spend and gaining control over spend categories is a continuous challenge for procurement executives which involves gathering the data, identifying the areas of spend and determining where the areas of opportunity for cost reduction. Key to the central tenants of procurement, supplier scorecards are essential in understanding what exactly is going on with partnering organizations. Evaluate and go beyond pricing to assess categories and quality of spend to estimate how best to fully optimize and integrate partnerships. |
*Offer valid for executives involved in direct or indirect spend only. |
As a procurement executive you and your suppliers should be committed to the highest standards of product quality and business integrity concerning your dealings with customers or suppliers. Suppliers that provide goods and/or services to your organization are expected to conduct their business with the highest commercial standards and service. However, in order maintain these mutually beneficial relationships with your suppliers there are often alternatives and strategies to ensure expectations are being met on both sides. In this session Anthony highlights how to best maintain effective and optimal supplier engagements. Key highlights include:
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