Supplier Performance Management
The partners of Steel Bridge have proven experience designing and implementing best-in-class processes and platform to measure supplier performance. These programs drive significant improvement in supplier performance, while decreasing supplier terminations and therefore supply disruption. Key elements of a successful SPM program include:
- Deployment and use of enabling technology
- Establishment of fair, appropriate and communicated key performance indicators
- Tailoring the KPIs to specific suppliers and/or categories based on risk and complexity
- Deep engagement of internal stakeholders in all phases
- Performance of effective assessment events and reviews with suppliers
- A robust and disciplined Supplier Development Program to drive continuous improvement following assessments