Wholesale & Retail
Stronger supplier relationship and
Supplier costs are in excess of 60% of revenue for most wholesale and retail companies. Thus, optimising price, costs and processes associated with suppliers can have a substantial impact on profitability and working capital management.
However, it is still early days for supplier relationship management and supplier performance measurement in wholesale and retail. LeanLinking is now changing that.
Rethink your supplier management
Do you measure your suppliers’ 360º performance? If you do not measure, how do you manage? Have you considered the costs and risks in not doing so? Think about it.
Consider the (lack of) time and effort you actually spend on proactively managing your suppliers by first defining supplier performance KPIs and then measuring and following up on the realised supplier performance. Is there room for improvement here?
Our experience shows us that more than 90% of enterprise companies do not have a supplier performance tool implemented to ensure continuous and consistent 360º supplier performance management.
LeanLinking combines the power of your stakeholders’ insight into supplier relations with your system data regarding supplier logistics, quality, innovation and responsiveness, thus giving a 360º picture of each supplier’s performance. This improves your business’s Total Cost of Ownership (TCO), materials availability, production efficiency and working capital optimisation.
LeanLinking enables your procurement team to proactively monitor and manage your suppliers with automated KPI updates on each supplier and prompt real-time reporting when problems arise. This reduces reaction times significantly whilst similarly reducing risks and total costs.
By linking key supplier metrics to instant stakeholder feedback, we produce a culture where supplier collaboration, fast problem solving, risk mitigation and ongoing improvement become a routine.
We call it the power of real-time transparency.