In the present times, supplier management tools are a must for any Quality Management Software. Even while separate software for supplier management is available, a QMS should have supplier management tools integrated within the system as a module.
With the passage of years, enterprises have come to realize that using supplier management software can deliver rich outcomes for productivity and quality. Hence we find that more and more enterprises are going ahead with the use of supplier management software.
While several choices are available for enterprises in terms of supplier management software, they try and make sure that they only go ahead with the alternatives that are best suited for their requirements.
Two Most Critical Metrics For A Supplier
- Timely deliveries
- Quality of supply
Supplier management software is particularly helpful for monitoring contract manufacturers and suppliers. Similarly, the software will track all issues with purchased goods and the sub-assembly received for manufacturing.
Keeping a track of delivered goods yields an insight into the supplier attitude, way of working, constraints, and limitation. One can come to know of suppliers who persistently deliver good quality products and the ones who fail to do so. Long term records will give a business insight into the suppliers who always deliver good parts.
A supplier delivering the goods on time is also an important metric for keeping organizational productivity high. If the deliveries are made on time, an enterprise can initiate a stipulated project on time. It helps keep productivity high.
Timely deliveries and quality of supply are two of the most critical metrics for a supplier. Occasional lags can often be considered. But if a supplier fails on the parameter persistently, it may be the time to look into alternatives. An organization should also consider if a supplier can make unprecedented deliveries for them. Otherwise, it is a better idea to maintain a list of suppliers who can do so.
In case a business has multiple manufacturing centers, a supplier management system will bring a business in a better position to decide the suppliers who can make timely deliveries to each center at lower prices. This streamlines processes and brings essence to business-critical decision making.
When a Quality Management Software integrates a supplier management system with a module for auditing, it becomes easier for suppliers to communicate more with the business and communicate if they faced any difficulties while supplying the goods. Similarly, if the supplier management system makes some sections available for suppliers’ end, they can update their real-time status. A business will then have a better idea about what is happening at the suppliers’ end, are they facing any difficulties with supplying the goods, and how soon will they be able to achieve the fulfillment of orders.
When a business gets access to high-end parts from their suppliers, it puts them in a position to deliver the best products and services for the end customers. The products or machinery used at a manufacturing facility have low defect rates and high performance and are cost-effective. The time to market is low.
These metrics are difficult to achieve without the record-keeping functionalities of a supplier management system. A supplier management system brings actionable data and insights into easy access for a business. This affects organizational productivity as a whole. Overall, with the use of supplier management system,
- Keeping a check on
Quality issues right at their source are simplified. This is irrespective of how many contract suppliers or manufacturers a business has or what their locations are. The supplier management system simplifies collaboration with suppliers. Resolving problems and driving corrective actions is hence simplified.
HQMS Quality Management Software by Harrington Group International, which has an integrated module for a supplier management system. The software holistically enhances productivity for your organization.