Supplier Analysis
Optimize supplier relationships and operations for efficiency.
Business Problem Overview
Enterprises rely on multiple suppliers to fulfill their operational needs. However, to optimize costs and negotiate better contracts, it's essential to evaluate each supplier's performance. By assessing supplier performance with concrete numbers, enterprises can make informed decisions and ensure they are getting the best value for their investments.
Pain-points
- Disparate data sources on the performance of each supplier.
- Manual reporting process for each supplier.
- Lack of detailed reporting on suppliers' performance that can compare suppliers in more than just monetary cost value.
Business Solution
Centralize and standardize supplier performance data.
Automated reporting for all suppliers, serving as a basis to have more metrics on supplier performances:
- Cost
- Delay frequency
- Delay severity
- Quality of services metrics
Based on these detailed reports, organizations can better understand the relative performance of different suppliers. Using these insights, organizations can develop better supplier management strategies.
Business value
- Optimize supply costs.
- Better time to replenish inventory.
