BPCS/LX Tip of the Week: Vendor Evaluation
Want to ensure that you have the materials you need when you need them?
Want to gain insight into your ability to fulfill current and future orders timely?
Consider implementing a method of evaluating your suppliers. A good understanding of your suppliers’ capabilities and past performance allows you to better plan and deliver orders on time to your customers.
Some ERP systems have built in features to track supplier performance data. Reports can also be written to gather the information you need. By whatever means you can achieve it, getting those results could be eye opening and very meaningful to your business.