Supplier management key figures for efficient processes
If you are involved in purchasing, you will no doubt be familiar with the most important key figures in supplier management. Examples include purchasing volume, on-time delivery, quantity compliance, the number of active suppliers, complaint rates with regard to the quantities delivered and various analyses of product or material groups. A detailed spend analysis supplemented with any deviations between actual and planned costs are also important key figures for strategic supplier management. Companies are increasingly using powerful software solutions to maintain an overview and react promptly to any changes.
1. key figures supplier management in digital purchasing information system
The use of modern information technologies, e.g. in the form of electronic data exchange or web-based portals, makes a company’s flow of goods more transparent. This also makes them easier to track. Modern software solutions such as the SCM software SC-Manager can ensure that costs are reduced and the performance of the entire supply chain is improved at the same time. As a result, delivery bottlenecks occur much less frequently.
2. maintaining competitiveness through efficient use of key figures in supplier management
The prompt, automatic availability of the most important key figures in the areas of supplier management, purchasing and quality management is vital in an increasingly closely networked and complex economy if a company wants to maintain its own competitiveness. Supply chain experts define supplier management as all measures that enable a company to work better, faster, more cost-effectively and more efficiently with suppliers and upstream service providers.
The use of modern supply management software provides the company with many advantages. Purchasing not only benefits in strategic supplier management, but the entire company benefits from the functions of such a digital communication, information and control center. One example of this is that you can use key figures in supplier management to identify and counteract potential risks such as understocking or delivery difficulties at an early stage.
3. what a strategic supplier management system should do
Ideally, supplier management software with integrated key figures takes on the role of a control and information center. A modern management system links master data, order and invoice data, contract, certificate and other documents. This includes a variety of relevant documents, from complaints to risk and evaluation information to action management. These are analyzed and evaluated immediately. In this way, the key figures of the supplier management software become the basis for successful, strategic purchasing.
Specially developed, workflow-guided data entry forms support you where necessary in integrating the necessary information. This means that previously cumbersome manual data collection processes can be easily integrated directly into the supplier management software. Such software should also contain automatic warning and notification functions that announce the expiry of documents, for example. Supplier controlling that runs alongside the software thus ensures permanent transparency through key figures in supplier management.
4. operational supplier management system as the basis for well-founded decisions
With supplier management software from Simmeth, you as an entrepreneur have the opportunity to access all relevant key figures in supplier management at any time. The clear presentation enables you to have an overview of all important information without having to search for it. This not only allows you to monitor costs at all times, but also enables you to make strategic decisions to increase your company’s profitability.
Intelligent, AI-based algorithms identify important key figures in supplier management and bundle them so that you can use them without delay. Time-consuming compilation of supplier management KPIs is no longer necessary. Sustainable supplier management also ensures uncomplicated, rapid communication. The SCM software uses a high degree of automation to optimize the relevant processes, thus reducing the time and effort required for communication.
Access to the supplier management software’s key figures offers a wide range of benefits. The up-to-date database ensures that the decision-makers in your company are able to go through a more efficient, faster and smoother decision-making process. The entire company and the entire supply chain benefit from the data-based decisions.