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How to Spot Supplier Risks through Supplier Score Cards

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Buyer-supplier relationships are critical to the success of the strategic goals of a company. Supply chain or internal procurement managers should keep track of supplier performance based on scorecards.

Supplier scorecards can be a critical tool to measure suppliers with a 3600 view and interpret trends in KPIs. The negative trend in KPI can be helpful in identifying supplier risks, and managers can take proactive measures to mitigate supply chain or procurement risks.

In this webinar, we will cover topics on how to

1. Design supplier scorecard for multiple industries
  • Factors and criteria for scorecard - Quality, Operating Environment, Company, Financial, Regulatory Compliance etc.
  • Weighting KPIs
  • Rating scale for KPIs and metrics
  • Supplier Risk Analysis
  • KPI automation through supplier assessment and integration with ERP & enterprise systems
2. Use scorecard dashboard reports for decision making
3. Integrate supplier risk management process with scorecard and mitigate supply chain and procurement risks
4. Manage supplier relationship process

Panelists

Vinayak Chakravartti
Solutions Manager, MetricStream

Ramesh Srinivasan
Product Marketing Manager, MetricStream

 
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