As a stable supply chain is the basis for increasing competitiveness, supplier evaluation is of crucial importance.
Our COSMO Vendor Rating app for Microsoft Dynamics 365 Business Central (formerly known as Dynamics NAV) is used as a basis for decision-making in the allocation process and also for the ongoing control of supplier relationships. This function ensures that the desired standard of quality is achieved — even in the upstream sectors of materials management. The assessment is made on the basis of awarding points for individual criteria. The use of the supplier evaluation software ensures a more objective assessment because all suppliers are assessed on the basis of standardized criteria and the scores are calculated by the system. Both suppliers and individual deliveries can be evaluated according to various criteria, ensuring that the reliability of a supplier can be qualified at any time.
An enterprise should measure supplier performance because:
None of the before mentioned supplier performance evaluation benefits can be gained through sporadic or one-off exercises. Only a continuous approach will provide the data necessary to cultivate positive supplier relationships and encourage collaboration. Supplier performance evaluation is an ongoing process.
Operational performance measurement is the one aspect of supplier evaluation which should be constant, not only because it has the most immediate and direct impact on your own operation, but also because changes in performance can often be early signs of issues elsewhere, such as financial stability problems.
By working with you, we know that we can find the ideal concept to meet your specific requirements. Get in touch with us to discuss how COSMO CONSULT and our ERP special solutions can help you to get more output of your business.