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

Get Ready to SPARK Your Sourcing Journey!

It’s a huge week for us at Scout. Why? We’re absolutely overjoyed to announce SPARK’s return in 2020: SPARK Your Sourcing Journey. February 24th – 25th in San Francisco, over 800 sourcing and procurement leaders will gather at the iconic Pier 27 for 2 full days of inspiration, education, and collaboration.  SPARK, Scout’s annual user… read more

Back to School: 5 Ways to Up Your Negotiation Game

Negotiations are never easy. They can be tedious, time-consuming, contentious, and risky. Fortunately, Scout supports expert negotiators from all industries who’ve shared their best advice with us.  Read on to find out how sourcing leaders at Salesforce, LendingTree, Zendesk, and more handle their toughest conversations and how Scout can help strengthen your relationships with both… read more

Seizing Opportunity at Scout: Meet Shelby LaRosa, Marketing Events Manager

 In our Meet the Scouts series, we get to know the people who make the Scout magic possible. This week, we caught up with Shelby LaRosa, Marketing Events Manager. In less than a year at Scout, Shelby earned a promotion to Marketing Events Manager thanks to her dedication to creating exceptional customer experiences on our… read more