Scorecards have become the Holy Grail of supplier performance management. I find that most companies have some kind of supplier scorecards. And if not, they are in the process of developing them or want to develop them. Expectations for results are high. However, very few firms are satisfied with either their scorecards or the results [...]
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What steps can you take to avoid supply risk? Be methodical and be proactive. Segment the supply base for risk. And look beyond just the obvious categories. First, look at all types of suppliers who have risk potential, depending on your type of business, such as: direct material suppliers, suppliers providing important services, and transportation [...] For those of you planning to attend the ISM 93rd Annual Supply Management Conference in St. Louis, MO next week (May 4-7), I will be presenting a session called: “Best Practices to Develop Supplier Scorecards and KPIs“. My session is on Monday, May 5th from 10:40 to 11:40 am. My book, Supplier Evaluation and Performance Excellence, [...] |
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