THE SOURCE | SCOUT BLOG

SEARCH BLOG

FILTER BY CATEGORY

ARCHIVES

Customer Success Tip: Supplier Performance Management Overview

Want to maximize value from supplier relationships? Look to Scout’s Supplier Performance Management tool.

How does Supplier Performance Management help you?

It enables sourcing professionals to:

    • Easily track supplier performance and quickly gauge impact to the business
    • Gather comprehensive feedback from stakeholders
    • Share development plans to increase value from the supply base
    • Standardized review templates across your KPIs
Why use it?

The Supplier Performance Management tool can help your team move beyond purely transactional Supplier Management to something far more strategic. Scout gives you the capability to create and track Performance Reviews and Action Items all in one centralized location.

What value does it bring?

Supplier Performance Management helps sourcing teams to:

  • Manage Risk. Consistently review suppliers value to your business and quickly assess the relationship history.
  • Maximize Value. Establish action plans to develop more valuable relationships with suppliers, quickly identify when new suppliers are necessary.
  • Improve Compliance. Easily manage reviews to ensure ongoing compliance in case supplier business changes or for new requirements such as the GDPR.

If you have any questions about Scout’s Supplier Performance Management (or anything else in the Scoutisphere), drop us a line at support@scoutrfp.com.

Most Recent Posts

Scout Recognized as Top Reverse Auctions Technology Provider

It’s always an honor to be recognized for our commitment to excellence in sourcing. We are proud to announce that today, CIO Applications has recognized Scout as a 2019 Top 10 Auction Software Solution Provider.  This prestigious award is based on an in-depth evaluation of Scout’s capabilities in the Auction Software category. This annual list… read more

Sourcing Teams, Celebrate Your Independence from Spreadsheets!

As July 4th sleepily winds its way through the summer heat (or fog, for us here in San Francisco!) we begin to set our sights on what to barbecue this week and what kind of pyrotechnics might inspire us. First, though, let’s pause for a brief moment to consider independence. Independence means the freedom to… read more