2014 一月 31

Supply chain scoring: why you need it and how to get it.

Do questions like these keep you up at night?

• Are my suppliers really good at meeting my needs?
• Are my suppliers ethical?
• Are they in compliance?
• Could I have chosen a better supplier?

These issues can cost a company dearly – in lost production, sales and profit. And they can make you feel as if you’re going to battle each day, rather than strategically managing your supply chain.

Supply chain scoring – when done right – can generate short- and long-term benefits for an apparel maker. Efficient vendor scoring leads to:

• Natural consolidation of the supply chain because high-quality suppliers will naturally rise to the top.
• Better volume and margin discounts, as you place high-volume orders with specific suppliers.
• A clear way to evaluate new potential vendors and suppliers.
• Increased standards across the supply chain, as vendors learn what they need to do to win your business.

Establishing a good vendor scoring program requires some upfront effort. It requires you to learn separate what’s really important to your business from what’s just noise. But it also allows you to better select, work with and rely on vendors that meet your company’s needs.

Ready to learn more? Read Centric’s article on supply chain scoring, or contact a Centric representative.