Supplier Performance Management

It's far too common for procurement teams to negotiate great contracts but not realise the benefits later on. If suppliers are not measured and monitored, you won’t realise maximum value from the relationship.

Why Supplier Performance Management?

The performance of your suppliers, and your relationships with them, has a direct impact on the performance of your business. Without monitoring the health of these relationships, you will not maximise the available returns. Worse still, you may be exposing your business to unnecessary risk.

The RAPid Supplier Performance Analytics app, available through the RAPid cloud platform, enables you to collect and manage the data you need for a successful Supplier Relationship Management programme.

• Add value – closer collaboration with your suppliers creates a stronger relationship and helps to generate greater value for both parties
• Reduce risk – greater visibility into supplier activity helps identify issues before they cause disruption, reducing risk within the supply-chain
• Eliminate costs – improve supply chain efficiency with greater insight into the business impact of late payments, faults or missed SLAs