Supplier Performance Management
Retail/Apparel Industry Pains
Fulfilling sophisticated customer contracts requires enhancements to supply chain management solutions. Meeting volume requirements within the reality of Pre-pack solutions mandates the need for high performing suppliers that are reliable and consistent. Given suppliers locations and diverse capabilities, coordinating and managing their Service Level Agreements (SLAs) is paramount to ensuring delivery commitments. High-performing Suppliers reduce risks, ensure commitments are maintained, and improve customer satisfaction.
Why Visionet!
- For over 10 years VSI has worked with ERP, MRP, and Financial Systems in the CPG and Retail industries. While these systemsy all bring value and efficiencies, they often fail to define, monitor, and manage Key Performance Indicators (KPIs) for Supplier Excellence.
- Our solution exhorts suppliers to perform at higher levels, and improve their quality.
- Since 2005 VSI has been delivering our Supplier Performance Management Solution (SPMS) to Retail customers. Incorporating our solution expands the capabilities of existing systems, and extends the value of your ERP investment.
Implementing Visionet’s Supplier Performance Management Solution you can…
- Select and reward your best suppliers
- Anticipate problems in your supply chain as they occur – actionable insight
- Fix quality at its source – avoid costly reworks, customer complaints, returns and above all damage to your brand
- Analyze the impact of your supplier choices on profitability for each season
- Measure consumers acceptance levels for products based on volume of returns
- Share knowledge across all buying divisions enabling you to negotiate more favorable supplier contracts
- Optimize vendor pool– more vendors require more effort to manage them.
- Go beyond reporting and gain the ability to audit vendors.
Visionet’s Supplier Performance Management Solution Features
- Captures various dimensions of supplier performance through integration with other transactional systems lowering the risk for supply chain disruptions
- On demand performance information sharing with suppliers and buyers through web based dashboards to drive increased supply side efficiencies
- Push button capability for comparative analysis when choosing among competing strategic suppliers
- Analytics for identifying core issues and trends
- Synchronized and consistent methodology for performance measurement and tracking across the enterprise
- Configurable ranking model to meet the diverse need of sub organizations
- Work flow and rules to help enforce compliance with enterprise wide supplier performance management process
Visionet’s Supplier Performance Management Solution Benefits
Visionet’s Supplier Performance Management Solution
Built around Automation
Large organizations do not have the capability to measure supplier performance at an ongoing basis through conventional means due to large volumes of data and the substantial manual effort involved. Visionet’s supplier performance measurement and management solution heavily relies on automation resulting in minimal manual effort required from internal staff.
Visionet’s Supplier Performance Management Solution Provides Information You Can Act On!
- Supplier history data mart and analytics
- Detailed and aggregate views
- Web based KPI reports
- Supplier Center with dashboards for sharing reports, documents, and training
- Graphs and charts for quick visual comparison and assessments
- Built in workflow features for smooth performance management process execution
- Software assistance in decision making process regarding suitability of supplier for a specific type of products from various different aspects
- Leverages sophisticated data warehousing and data mining techniques for precise on-demand performance measurements
