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Supplier Evaluation and Performance Excellence by Sherry Gordon

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USING TECHNOLOGY FOR SUPPLIER EVALUATION

Technology can enable and scale supplier performance management. There are growing numbers of software solutions available to support supplier performance management as part of supplier relationship management. Overall, this software space is supplier relationship management, or SRM. Here are two definitions of SRM:

  • The management of the flow of information between suppliers and purchasing organizations and the integration of supplier information in the procurement process by the buyer

  • Evolving set of applications enabling enterprises to create a more comprehensive life cycle view of suppliers’ operational ...

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