By: Beroe Inc. --
01 March, 2016
Dr. Randy Phares, president/CEO of Dr. Box consulting, also known as Dr. Box in the industry, and Beroe’s Ragavendran T, Associate Spend Pool Lead – Packaging, discuss the need for Vendor Performance Metrics for Paper Based Packaging.
If second half of every year is busy for a firm to renew their supplier contracts (well, most of the contracts are renewed by this time and some by first half of the year too), the period leading up to that is equally important as some of the most strategic decisions are taken by this time.
As this is a very important step, not to forget that it is a time consuming one too, firms need to make sure they not only deal with the best suppliers, but also have the right metrics in place for performance management. Currently only 40% of the companies globally have proper metrics for the same and needless to say, it will only increase in the future.
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