Justly Judging Your Vendors
- Topics:
- Supplier Evaluation
- Tags:
- Enterprise Software,
- Human Resources,
- Manufacturing,
- Performance Management,
- Retail,
- Software,
- Vendor,
- Workforce Management
- Source:
- Effective Inventory Management
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Overview: What do you expect from a vendor? Most distributors, manufacturers, and retailers expect to receive the products they order at the lowest possible price, on time, in salable or usable condition and packaged to minimize the cost of preparing the item for sale or use. How do you measure a vendor's performance in meeting these expectations? Most companies judge vendors on "gut feelings" and anecdotal experiences. Few have any objective measurements. This article will discuss three ways you can determine how well your vendors are helping you achieve the goal of effective inventory management and which of these methods produces the best results.
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Format: HTML | Date: Jan 2000 | Pages: 1
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