Sometimes, having a good relationship with your suppliers can be a difficult proposition. Strategically planned interactions with third party organizations have to be precisely executed in order to maximize the value of the desired synergies.
This can be a dilemma faced by many organizations. The more suppliers that are required for daily operations, the harder it will be to maintain the balance between them. There is a lot to consider in order to master those relationships and, as a 4PL Logistics Provider, we surely understand the potential obstacles.
Determining which KPI's are applicable to evaluating a supplier's performance are some of the first challenges that any company will encounter. Establishing a Supplier Relationship Management (SRM) process will aid these companies in evaluating supplier's performance, allowing them to make corrections and improve the management of their supply chain.
Click here to download our Exclusive GEODIS SRM Guide