The IT industry has seen many phases, first was simple computer based on 8086 processors with limited capability of performing tasks, then came DOS the first operating system which made possible the calculations easy. Then came the era of modern computers with Windows , the first in this series was Windows 3.1 , then came Windows 95, and now the latest in this series is Windows 7 from Microsoft. Others have followed as well.
The thing which is common in all of them is connectivity to the Internet and the exchange of information’s from other computer around the Globe. With this Globalization thing, the Globe has become local market and thus companies from one country look for clients in other country and so on. These clients are either CEO’s or CPO’s to evaluate the performance of their suppliers, i.e. the Supplier Performance Evaluation.
Suppliers are the key to success of any company. They help company in securing products and services of the best quality at the lowest possible cost. However a few financially unhealthy suppliers can easily destabilize the environment that your business operates in .This could in turn adversely affect the core business operations and subsequently profit margins.
The current macroeconomic scenario also puts equal pressure on both types of companies- services and product, to manage their suppliers efficiently and effectively. One way of doing this is by constantly evaluating the performance of your existing suppliers against parallel and standard performances.
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