Supplier Performance

A project manager reviewing precise measurements with digital calipers and data charts on a tablet.

5 Key Benefits of Gage R&R Studies Every Project Manager Must Know

Project Management /

In the world of project management, especially in manufacturing, aerospace, and other highly technical industries, measurement accuracy is more than a technical detail; it’s a cornerstone of project success. When a project involves precise specifications, every measurement must be reliable and repeatable. This is where Gage Repeatability and Reproducibility (Gage R&R) studies become invaluable tools […]

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Ten Benefits of Implementing a Formal Supplier Performance Management System

Thurman Co /

Supplier Performance Management has emerged as a critical aspect of operational success. Implementing a formal Supplier Performance Management (SPM) system is not just a strategic move but a necessity for companies aiming for long-term sustainability and competitiveness. Let’s explore ten benefits of adopting a formal SPM system, encompassing a comprehensive approach toward supply chain excellence.

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Eight Common Supplier Management Mistakes and Risk Mitigation Options 

Thurman Co /

Effective Supplier Management helps businesses ensure smooth operations, produce quality products and services, and maintain good supplier relationships.  In fact, there’s a set of “most common” mistakes for just about any field you choose, whether you’re a novice or an expert. The practice of Supplier Management is no exception. It’s unlikely that one organization would

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Ten Methods for Supplier Performance Evaluation

Thurman Co /

Evaluating supplier performance is critical to Supplier Management and overall business operations. Regularly assessing your suppliers ensures your organization’s standards and expectations are met, facilitating the smooth flow of goods and services. Numerous benefits come with evaluating supplier performance How can we more effectively evaluate supplier performance? While these methods provide a comprehensive approach to

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Tips for Establishing Strong Communication Channels with Suppliers

Thurman Co /

Communication between buyers and suppliers is critical to ensuring high-functioning and transparent relationships. Effective communication facilitates any sort of partnering or business relationship, as it can: Focus on clarity Everything starts with setting clear communication expectations. This includes mutual agreement on communication frequency, preferred channels, and reasonable response times.  Documentation ensures everyone is on the

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ThurmanCo, Project Management, Supplier Performance, KPI

What metrics are used to measure suppliers?

Thurman Co /

Communication between buyers and suppliers is critical to ensuring high-functioning and transparent relationships. A Supplier Performance Scorecard is a convenient tool allowing suppliers and buyers to regularly monitor their relationships through metrics. By establishing a scorecard, the supplier and the customer have a consistent means to measure and evaluate the supplier’s performance. This facilitates documenting

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Getting started with a Supplier Performance Scorecard

Thurman Co /

What are the benefits of a Supplier Performance Scorecard? Communication between buyers and suppliers is critical to ensuring high-functioning and transparent relationships. A Supplier Performance Scorecard is a convenient tool allowing suppliers and buyers to regularly monitor their relationships. A Supplier Performance Scorecard system: Provides a consistent means to measure and evaluate supplier performance. Documents

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A 4-step action plan to improve supplier performance management

Thurman Co /

Supply chain problems can hamper the procedures in every sector of a business. Most supply issues if properly traced, almost, always point to poor supplier performance. Knowing how to manage your suppliers’ performance perfectly isn’t as easy as it seems. It takes a lot of insight and experienced guidance. This article will help increase your

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