The Secret Recipe for smooth Supplier Management

Kodiak Rating’s Family Recipe for smooth Supplier Management

1 tbs | Strong Leadership

2 dl | Transformation/Process Managers

3 fl. Ounces | Sustainable Procurement Initiatives

4 tsp | Supplier Segmentation

  • Kraljic Matrix
  • Spend: A, B, C
  • Criticality
  • Supplier Risk
  • Innovation/Collaboration Capacity & Performance
  • Customer Impact

5 tbs | Supplier Information Management — Database/Registry

6 liters | Streamlined Supply Chain Compliance

7 tsp | 3rd Party Intelligence

8 dashes | Modern Performance Evaluation

  1. Clear KPIs / Supplier Evaluation Criteria (the What)
  1. Find the right Data Sources (the Where)
  1. Build Business Intelligence (the How?)

9 tsp | Spend Analytics

  • Management of categorical spend
  • Identification of cost centers
  • Improve supplier delivery performance
  • Optimization of working capital (Sievo, 2019)

10 heaping tbs | Supplier Collaboration Space

11 ml | Cross-application Integration

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