The focus of our supplier management program is to develop two-way, mutually beneficial relationships with our strategic partners that deliver greater levels of innovation and competitive advantage. The systematic and corporate wide assessment of suppliers and capabilities meshes with our overall business strategy in determining who and how we engage with our partners. Fundamentally, a clear, honest & ethical business approach is used as our foundation.
Our suppliers are benchmarked against one another utilizing key performance indicators:
- On Time Delivery
- Order fulfillment
- Purchase Price Variance (PPV)
- Quality Performance (PPM)
- Supplier Responsiveness
These supporting KPIs help identify any performance gaps and when improvement is deemed necessary corrective action is applied.
Bonding and Vendor Managed Inventory
We leverage distribution relationships with bonded inventory programs. Your components are electronically bonded in distribution centers and released as needed to support your blanket orders. This safeguards supply chain continuity, and with real-time access to our bonds we are ready to support your order expedites.