Supplier Performance and Financial Impact: Connecting the Dots
Leverage robust supplier performance systems to optimize procurement operations, enhance supplier collaboration, and increase efficiency. Measure, analyze, manage supplier performance, and drive continuous improvement of suppliers.
Current Market Analysis
76%
Procurement leaders with modernized sourcing technology are 76% more likely to say they have an effective relationship with their suppliers.
93%
of suppliers communicate with their customers by email or phone. This manual process often exacerbates existing communication delays.
40%
Your customers count on you while you count on your suppliers. With highly interconnected supply chains, perfect supplier performance is seldom realized. Hence, consistently measuring and improving supplier performance becomes important. Underperforming suppliers simply means loss of money and time. A robust supplier performance management system is critical in measuring and improving individual supplier quality, delivery, and service performance, and it goes a long way toward meeting a company’s productivity and profitability goals.
Discover how Quloi’s supplier collaboration platform ensures best supplier performance by fostering transparency, building trust, sharing information, and optimizing overall procurement processes.
Take Your Supplier Performance to Next Level with Quloi