Recorded on 05/25/23

Description:

Supplier scorecards are an essential tool for businesses that rely on a complex network of suppliers to deliver goods and services. By measuring supplier performance across a range of metrics, businesses can identify areas for improvement in their supply chain and work with their suppliers to address these issues. This approach helps to build stronger relationships with suppliers, increase transparency and accountability in the supply chain, and ultimately, deliver better outcomes for customers.

To create effective supplier scorecards, businesses must first identify the key metrics that are most relevant to their supply chain. These may include metrics related to quality, delivery, cost, and sustainability, among others. Once these metrics have been identified, businesses must establish clear and objective criteria for measuring performance and communicate these criteria to the Vendor. 

Intended Audience: Professionals who manage vendors and contracts.

Level of Difficulty: Intermediate

Learning Outcomes:

• Develop effective supplier scorecards
• Score suppliers' performance

CMBOK Competency: 4.2 Ensure Quality

Presenter:

Steven Nichols | Banyan Business Outcomes LLC

• Steven Nichols is the founder of Banyan Business Outcomes, where he has developed a body of knowledge and toolset to help clients source and manage technology providers who can become true partners. Steven lives in Denver, Colorado with his wife and son. He enjoys the outdoors and has visited 64 National Parks and Monuments throughout the Western United States.

Credits:

• 1.5 CPE/CLP credits for participation

Cost: 

• $55 member/ $69 non-member

Course Access:

• After registration, to access your course, visit My Virtual Training. 
• *Note: you must be logged into your NCMA profile to access your courses on My Virtual Training.