Rating, Measuring & Evaluating Supplier Performance

Venue: Kuala Lumpur

Location: Kuala Lumpur, Wilayah Persekutuan, Malaysia

Event Date/Time: Nov 10, 2011 End Date/Time: Nov 11, 2011
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Description

Before finding out more about this supplier management program on Rating, Measuring & Evaluating Supplier Performance, ask this question:

What is the real cost of poor supplier risk management?

According to a recent research project by the Procurement Strategy Council (PSC), procurement organizations pay, on average, an additional 4% to resolve a supply incident stemming from supplier financial distress. If you multiply that by the 60 such incidents the average procurement organization sees each year, then you've got yourself a pretty hefty price tag.

What specifically accounts for that 4% cost increase? According to the PSC's research, those costs come in several forms, including supplier product line or facility closures; reduction in quality standards; and supplier qualification, certification, rating, measurement, and evaluation.

This supplier management program Rating, Measuring, & Evaluating Supplier Performance, can provide you with the tools and methods that will help you rate, measure and evaluate your suppliers' performance effectively, enabling you to mitigate supply chain.

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