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A Well-Designed Supplier Performance Management (SPM) Process

A Well-Designed Supplier Performance Management (SPM) Process

Submitted by • about 2 weeks ago www.compliancequest.com

Understanding the risks associated with supplier performance and proactively designing an action plan for risk mitigation is of vital importance. One methodology supply chain leaders are adopting now is supplier benchmarking. By assessing the long-term reliability of the supply chain and comparing supplier performance against a set of pre-determined benchmarks, SCM leaders can enable continuous improvement

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