Michael Koploy of Software Advice recently wrote an article on supplier performance management and I thought you would be interested. In the article, he discusses how to best manage supplier performance with scorecards. In an interview with Sherry Gordon, President at Value Chain Group and performance management expert, they discussed four pieces of great advice:
- Align scorecards with business goals
- Establish supplier evaluation processes
- Communicate with suppliers – and take action
- Share information with internal departments
You can view the article the entire article on his blog at: http://blog.softwareadvice.com/articles/scm/four-best-practices-to-improve-supplier-performance-scorecarding-1120211/.