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SUPPLIER MANAGEMENT

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INTRO

Benefits of Supplier Management Service for Businesses

1Growing Supplier Base
Having a well-structured supplier management process in place will allow organizations to manage a growing multitude of suppliers with ease.
It will enable organizations to identify cost savings opportunities in the supply chain and scrutinize the quality of supplier output.
It enables the organizations to have increased transparency in performance, evaluation, designs & strategies.
It enables the organizations to evaluate the suppliers’ compliance with the set parameters and identify the scope of improvement to derive maximum value.
It enables the organization with in-depth insights which include the creation of various KPIs to measure supplier performance.
It enables the organizations to evaluate the suppliers’ compliance with the set parameters and identify the scope of improvement to derive maximum value.

     

     

Supplier Management Process

Step 1 : Qualification

Qualification involves the evaluation of suppliers to determine if they are capable enough to provide the necessary goods or services to the standards set by the buyer.

Step 2 : Onboarding

The necessary information about the chosen suppliers is then collected as part of the onboarding process. Internal processes and systems have to be changed or updated accordingly, while relevant stakeholders are to be informed so that the company recognizes the new supplier and can begin trading with them.

Step 3 : Segmentation

Supplier segmentation is the process of classifying suppliers into specific supplier quadrants based on a pre-defined set of metrics such as supply risk, supply criticality and total spend amongst others.

Step 4 : Collaboration

Close collaboration between vendors and suppliers improves the relationship and commercial value through process and performance advances and product or service innovation.

Step 5 : Evaluation

The final step is used to measure a supplier’s performance and ensure they meet the terms laid out by the contract, and is based on a number of metrics including delivery time, price, production, quality, and service.

 

We also support your suppliers in Hand Holding

by training & Consulting as well as Quality control and Quality improvement

Qualification involves the evaluation of suppliers to determine if they are capable enough to provide the necessary goods or services to the standards set by the buyer.

Training and Consulting

We provide training and consulting services to help businesses improve their quality management systems and enhance their overall performance. Our services cover a wide range of topics, from quality standards to supplier management.

Quality Control

We work with businesses to develop effective quality control processes that improve product quality and reduce costs. Our quality control services include defect analysis, statistical process control, and more.

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