What is supplier management?
Managing supplier information, pricing, delivery performance and relationships in one place to reduce purchasing risk.
In detail
Supplier management covers keeping accurate supplier records and prices, tracking lead times and quality performance, regular evaluation and tiering, and lining up alternative suppliers for critical materials. With this information managed in one place, purchasing decisions are better grounded.
For example
System data shows that a supplier's on-time delivery rate over the past six months is only 70%, so the purchasing department adjusts order allocation and starts bringing in alternative suppliers.
How companies use it
Create a simple scorecard for your main suppliers covering at least price, lead time and quality, and review it every quarter.
Common misconceptions
Looking only at price. If the cheapest supplier is often late or inconsistent in quality, the total cost may be higher.
Get started
Every change begins with a conversation
Whether you are still looking for direction or already have clear business needs, we would be glad to explore them with you.
Not sure where to start?
Start with a conversation.
A free 30-minute consultation with our team to explore what digital transformation could mean for your company.
Book a free consultationAlready have clear business needs?
We start by understanding your business.
Tell us about your company's current situation, management challenges and goals, and we will explore the right digital approach for you.
Explore servicesWe will reply within 48 hours