Your suppliers feed you with raw materials for your business. A healthy relationship with your food means that your corpus will work at optimal efficiency. An unhealthy relationship with food leads to all sorts of health problems, including stock-outs, blockages, high-blood pressure, and improper storage. Workers may not be effective without enough to work with or may have too much on their plate. By looking at your suppliers, we will tell you the tale of who you are beholden to, who you are in control of, and if you have any options to improve timing, quality, and/or ‘eating habits’.
Procurement KPIs:
- Top ten suppliers
- An ABC categorisation of the 80% and 95% Pareto of suppliers by spend
- Supplier count and diversity
- Supplier lead times