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Supplier Evaluation & Performance Excellence
Understanding supplier performance is vital to ensuring a well-functioning supply network. This how-to book will help you develop and implement an evaluation process to help you reduce costs, lower risk, and improve both the performance of your company and your suppliers.
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Tag Archives: KPI
6 Tips for Creating Supplier Evaluation Questionnaires
Here are six tips for creating supplier evaluation questionnaires. When it comes to creating supplier evaluation questionnaires, everyone thinks they’re an expert. And with supply management software tools and internet surveys as Survey Monkey and Zoomerang readily available, it’s easy …
Too Many KPIs: Rightsizing the Supplier Scorecard
You’ve heard of supplier rationalization and “rightsizing” the supply base. What about too many KPIs on the supplier scorecard? I’ve mentioned the problem of measuring too many KPIs in previous posts. In 11 Reasons Why Supplier Scorecards Fail, I …
What KPIs Should You Use to Measure Supplier Risk?
With supplier bankruptcies a daily occurrence, to say that the topic of supplier risk has become hot is an understatement. The challenge is what to do about it. Someone recently asked me whether there are any KPIs you can use …
Posted in procurement, Quality, supply risk
Tagged KPI, procurement, supplier risk, supplier scorecards, supply risk
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Scorecard Statistics — do you get what you measure?
As the saying goes, statistics can be made to prove anything - even the truth.
Or, everything is vague to a degree you do not realize till you have tried to make it precise (Bertrand Russell).
The customer sends the …
Borrowing Supplier Scorecard Metrics
In the benchmarking world, one of the axioms is to “steal shamelessly” from other companies, meaning: don’t be afraid to borrow ideas from others (not steal proprietary information). When it comes to supplier performance metrics, one of the first questions …
Supplier Scorecard Metrics — Easy vs. Meaningful
In my last post, I listed 11 reasons why supplier scorecards fail.
I’d like to write about the first reason - measuring what is easily measured instead of measuring what is meaningful or important. This assumes that you already …
11 Reasons Why Supplier Scorecards Fail
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 …