In this blog post, we outline the core principles that underpin an effective supplier performance strategy. From setting clear expectations and implementing centralized communication systems to real-time tracking and proactive issue resolution, these practices will empower manufacturers to not only build stronger supplier relationships but also drive operational excellence and sustained growth.
Mid-sized businesses face unique challenges in managing their supply chain. They must manage suppliers effectively while also meeting the demands of their customers. Two-way communication with suppliers is critical for ensuring timely delivery of high-quality products and services. In this blog post, we will explore the importance of two-way communication and a supplier performance platform for mid-sized businesses and provide a real-world example of how it can improve performance, reduce costs, and improve delivery times.
In this blog post, we’ll delve into five concrete benefits of real-time supplier performance monitoring, focusing on how it can generate a significant return on investment (ROI) for your organization.
For automotive manufacturers, supplier performance is critical to success. Delays in delivery, defects in quality, and other issues can quickly impact production schedules and customer satisfaction. In this blog post, we’ll explore how Open helped a leading automotive company improve supplier performance by implementing supplier scorecards.
In today’s interconnected and dynamic business environment, effective supplier management is no longer just a support function; it’s a strategic imperative that can drive competitiveness and growth. To keep pace with these changes, the traditional concept of supplier portals needs to evolve into something far more comprehensive and impactful: the Supplier Performance Platform.
Dear valued customers and future partners, We are excited to announce a significant milestone in our company’s evolution. What you’ve known as QMSC is now evolving into a more expansive and innovative entity — we are thrilled to introduce you to Open Supplier Performance. Open Supplier Performance represents a reaffirmation of our core values: openness, […]
To be honest, the transparency of most supplier performance management in the manufacturing industry is like wearing glasses in the wrong prescription. Sure, they can help you see better, but your vision is blurry, cloudy, and unfocused. You can’t know the clarity and beauty of what you’ve never really seen. But using sophisticated and intuitive […]
Supplier performance is challenging for a lot of reasons. With 20+ years in industrial manufacturing, processing, supply chain, and continuous improvement, we’ve seen the gamut of supplier performance measurement and reporting strategies and experienced the challenges of trying to implement them. It doesn’t matter if you are a Fortune 100 company, or a company with […]
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This week we heard it again – the CIO nixed the deal. I just couldn’t wrap my mind around the fact that this prospective customer is losing around $30K a month due to supplier related issues, and they weren’t going to fix the problem right now. I knew we could help them because our experience […]
