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Digitization of supply chain management can assure supplier performance management

Point of View

Leveraging Digital to Ensure Supplier Reliability

 

Supplier performance improvement and cost management can transform supply chain

Leveraging digital communication tools, augmented reality, video surveillance and AI-driven solutions can bring exponential value not just in supply chain management, but also in driving long-term business growth.  

Digital solutions can play a vital role in: 

Supplier quality management: Involves checks and processes at various stages, including: 

  • Supplier onboarding 
  • Ongoing quality assurance 
  • Supplier inspection 
  • Supplier audit 

Supplier performance management: Monitors and measures performance against the targets set in quality, cost, delivery and service. 

Strategic cost management: Validates supplier costing using cost modeling helps in monitoring costs and prevents surprises at a later stage.    

Raju Sakri

Global Head – Sourcing Solutions, TCS

Yogesh Shah

Senior Consultant – Sourcing Solutions, TCS

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