Supplier Performance Management using DMAIC Principle

In today’s Procurement world of increased supply management complexities, managing supplier performance is crucial for any supply chain manager to have in-depth knowledge of his suppliers.

Apart from how a supplier is performing on certain criteria, such as quality, cost, delivery, service, etc., it is imperative to have detailed knowledge of a supplier’s financial health, the geographies where the supplier is buying from other organizations buying from the same supplier, and such other factors which can be a potential risk to the supply chain.

Most of the organizations don’t keep a track of such information once the supplier has been on-boarded.

So how can organizations effectively track and manage their supplier performance?

We suggest using the right combination six sigma DMAIC principles with supplier technology.

This white paper tells you about “managing supplier performance” and factors which can be a potential risk to the supply chain.