by Pratik Wanare | Dec 31, 2021 | Sales & Operations, Supply Chain
Strategic sourcing is the process that identifies the spending profile of a business and its suppliers. It constantly re-evaluates and enhances business procurement activities. Strategic sourcing intends to achieve the lowest Total Cost of Ownership along with minimal...
by Pratik Wanare | Dec 22, 2021 | Sales & Operations, Supply Chain
Vendor Performance Analysis is an extensive process. It requires businesses to have a well-established plan ensuring all the essential parameters. Following are some of the best practices for Vendor Performance Analysis. Define Business Goals – Business goals should...
by Pratik Wanare | Dec 21, 2021 | Sales & Operations, Supply Chain
It is always beneficial to have a Vendor Performance Analysis performed periodically. By measuring and monitoring supplier performance periodically, companies can realize some significant benefits. Below are some of the key benefits of an effective supplier...
by Pratik Wanare | Dec 20, 2021 | Sales & Operations, Supply Chain
Vendor Performance Analysis is a practice of monitoring and analyzing the performance and reliability of the vendors in an organization. Vendor performance monitoring helps in improving the efficiency and profits for the procuring side of an organization. Vendor...
by Pratik Wanare | Dec 16, 2021 | Sales & Operations, Supply Chain
Supplier evaluation represents one of the most critical analyses in a company to remain competitive, especially in times like now when markets are changing very fast. Following are the important steps for Supplier Evaluation. Define Requirements – Suppliers’...
