Having an understanding of your supplier portfolio gives you control over the logistics chain and clarifies where your risks and opportunities lie. You strengthen your negotiating position and identify possibilities for consolidation. It gives you the required information to manage your supply chain/logistics chain properly and to guarantee the continuity of your processes.
Assuring the continuity of your supply chain/logistics chain is essential for proper business operations. You ensure that your processes continue to work optimally and that is only possible if you have clarity about your entire chain and can monitor it.
When you do business with new suppliers or want to compile a shortlist, you will want to be able to identify and assess them to make a well-founded strategic selection. This enables you to avoid losses and assures you of continuity in your supply chain/logistics chain.
To identify consolidation possibilities in your supplier database you need additional information and knowledge about your suppliers. You can use it as a basis for clarifying where you can make savings and how to reduce the number of suppliers.
Would you like to make a selection based on tenders during the pre qualification of your tendering process? In that case, having information on the financial situation and the possible risks of the companies is essential for making a well-founded choice about who you want to do business with or otherwise.