Continuous Vendor Assessment
In the earlier article, we discussed the importance of vendor development and vendor partnership. In this article, we discuss the continuous vendor assessment process in detail. To identify the right vendor partner for the future, we need to define our expectations from the vendors; we need to practice continuous Vendor assessment, including providing feedback at regular intervals, and help them solve problems and improve performance. We can start assessing vendor performance, focusing on essential requirements such as on-time supply, quality...