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1 year access to Efficient Supply Systems: Supplier Measurement Systems - PEX508

Non-Member Price:$189
Member Price:$99

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You are registering for one year of access to this Knowledge Center course, starting the date of purchase.

2 CEHs - Measuring and managing suppliers' performance are critical ingredients for increasing the value-add of suppliers, as well as fundamental requirements for evaluating suppliers for future work. This two-hour Online Self-Study explains basic methods for measuring supplier performance, explores the strengths and weaknesses of each method, and provides sample templates for their use.

The following topics are included in this module:
Introduction
Supplier Measurement Overview
Benchmarking Method
Categorical Method
Weighted-Point Method
Cost-Ratio Method
Implementation
Conclusion

Activities are integrated into the module to aid the learning process. An assessment at the end of the module enables the learner to measure progress.

Measurements of suppliers' performance are critical to the selection of the best suppliers and the improvement of suppliers' performance over time. Measuring and managing suppliers' performance are critical ingredients for increasing the value-add of suppliers, as well as fundamental requirements for evaluating suppliers for future work. Measurements also tell the supplier what is valued by the buying organization and, by exclusion, what is not.

Without measurements, it is impossible to tell if something is getting better or worse. Failure to accurately measure and evaluate supplier performance can increase an organization's costs, damage its product quality, and hinder its competitiveness in the marketplace.

Basic methods of evaluating suppliers include benchmarking, categorical, weighted-point, and cost-ratio. This two-hour Online Self-Study explains each of these methods, explores their strengths and weaknesses, and provides sample templates for their use.

Remember: All Knowledge Center courses are active for one year from the date of purchase.

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