What is Supplier Performance Management? Asia Pacific Projects
Supplier performance management (SPM) serves as the backbone of procurement operations, exerting influence across supplier integration, supply chain orchestration, and comprehensive risk mitigation strategies. Surprisingly, a mere fraction of companies, approximately one-fifth, adopt a proactive stance towards scrutinizing and optimizing supplier performance. Astonishingly, despite the potential for vendor-related disruptions to wreak havoc on financial stability, […]