Supplier Performance Improvement
Supplier performance improvement is a key process to establish a reliable supply network. It involves embracing supplier expertise and aligning it to the buying organization's business need, and, where appropriate, vice versa.
Excessive inventory and stock-outs, poor visibility, a lack of trust, unreliable supply, price hikes, discrepancies between samples and final products, and broken supply chains are some typical symptoms associated with low cost supply chains.
SupplyWeaver will design performance improve program for each supplier and involve client at each and very step.
THE ACTIONS INCLUDE
Establish Measurement: Tailored performance measurement program for suppliers to stimulate continuous improvement, two-way feedback system leads to actionable plans.
Change Management: Set improvement targets, train suppliers on advanced SCM techniques, and work with suppliers to implement changes. Introduce incentive schemes.
Cost Reduction: Work with you and suppliers to identify opportunities, such as, collaborative forecasting, better utilization of resources, value engineering, VMI, packaging optimization, and sharing supply chain information, etc.
Business Alignment: Improve mutual understanding and create desire to achieve the objectives for joint benefits.
