Supplier optimisation life cycle: Development, implementation and ongoing evaluation

Elizabeth Hair-Estrella
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Elizabeth Hair-Estrella: Supply Chain Inventory Management, Sysco Corporation, USA

Journal of Supply Chain Management, Logistics and Procurement, 2022, vol. 5, issue 1, 40-49

Abstract: In the ongoing pursuit of supply chain continuous improvement, an established platform ensures internal company efforts are being maximised, documented and repeatable. This paper will describe how two foundational documents can build standardisation throughout inventory management organisations while creating a process supporting continuous improvement. These basic documents support and create a shared information environment, reducing key person dependencies and bridging potential knowledge gaps when team members leave roles temporarily or permanently. Recommendations will include how to develop and implement: 1) supplier optimisation life cycle; and 2) buy guide, as well as recommendations on monitoring long-term success via tools; and 3) metrics/ key product indicators.

Keywords: procurement; continuous improvement; supplier checklist; supplier processes; procurement excellence; load fill; metrics; buy guide; buyer guide; supplier optimisation (search for similar items in EconPapers)
JEL-codes: L23 M11 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jscm00:y:2022:v:5:i:1:p:40-49

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