In most cases, procurement departments have been tracking suppliers to some degree. The group has a supplier scorecard. They have a quarterly business review. Someone tracks the percentage of parts delivered on-time. But there’s always a lag. The supplier may have had a string of late shipments months earlier. Those late parts may have caused a line to shut down or delayed a shipment ... https://kepler-advancedanalytics.com/applying-advanced-analytics-to-monitor-your-suppliers-within-procurement/
Applying Advanced Analytics to Monitor Your Suppliers Within Procurement
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