SMS

Suppliers are entities that exist outside organization. Suppliers are also called vendors. Companies procure different raw materials and parts from their suppliers/vendors.

Supplier management is the process that oversees the activities pertaining to managing suppliers right from the beginning of interviewing them, auditing them, qualifying them, producing the materials, and evaluating their performance.

Effective supplier management consists of the following key tasks:

Establishing policies to govern suppliers

Agreed legal contracts between the company and its suppliers

Suppliers provide goods/services as per the agreed expectations

Alignment between Contracts with suppliers and business needs

Managing suppliers and their overall supplier performance

FactoryPROs Supplier Managements helps with the following key functionality:

Supplier qualification

Approved suppliers

Supplier health reviews

Supplier Quality