- This question helps establish the benchmarks against which suppliers are measured, such as quality, delivery time, cost-effectiveness, compliance with regulations, and responsiveness. 2. **Ho...
- This could explore methodologies and tools for gathering performance data, such as procurement software, surveys, and key performance indicators (KPIs) that provide a clear picture of supplier...
- This question addresses the actionable elements post-review, such as developing action plans, establishing clear communication channels with suppliers, and setting follow-up evaluations to tra...
**What criteria should be used to evaluate a supplier's performance, and how often should these reviews be conducted to ensure they meet the company’s requirements?
2. **How can companies effectively collect and analyze feedback from various stakeholders involved in the supply chain to get a comprehensive view of a supplier's performance?
3. **What steps can a company take to address issues identified during a supplier review, and how can these corrective actions be communicated and monitored for effectiveness?