Jeanette Nyden’s Post

Let’s face it: most scorecards are as helpful as a screen door on a submarine.    And you're wondering why your supplier scorecards aren’t working? It’s all in the metrics.   Uncover the secret to defining metrics that drive real, meaningful performance in our latest video. Get ready for a game-changer! #contractnegotiation #supplierperformance #performancemetrics

SCOR best practices provide great guidance on areas of focus. Here we dig into one, BP 68 on Supplier Performance Report.. a world of its own https://lnkd.in/d4nAQ7K5

🚀 Optimizing Supplier Relationships with Takt Time: A Scientific Approach Tired of inconsistent supplier performance? Let's leverage Tiempo Takt for a scientific approach to supplier management. Here's how it works: 1. Define Takt Time: Calculate the rate at which your customers demand products/services. 2. Align Supplier Capacity: Match supplier production cycles to your Takt Time. 3. Real-time Monitoring: Track supplier performance against Takt Time using digital tools. 4. Continuous Improvement: Identify bottlenecks and collaborate with suppliers to optimize processes. Benefits? Improved efficiency, reduced costs, increased sustainability, and stronger supplier partnerships. #SupplyChainOptimization #TaktTime #SupplierManagement #DigitalTransformation #Efficiency #Sustainability Rating: This combination of Gestión de Relaciones con Proveedores y Socios and Tiempo Takt is highly effective (9/10). It provides a structured approach to managing supplier relationships, ensuring alignment with customer demand and driving continuous improvement. https://lnkd.in/e6bZd3eY

The Death of the RFQ: The Rise of RFS * The RFQ (Request for Quotation) process has become obsolete, unable to meet the dynamic needs of modern supply chains. * RFS (Request for Solution) marks a new era, where providers like DP World excel by integrating innovation and tailored value for customers. The world of logistics no longer thrives on static, price-driven RFQs. International reports from McKinsey & Company and the World Economic Forum indicate that businesses now demand flexibility, innovation, and partnership in their supply chains. The RFS process emerges as a transformative force, asking suppliers not just for numbers but for integrated, strategic solutions. DP World, a titan in global logistics, is poised to lead this shift. With its vast infrastructure, advanced digital platforms, and customer-centric approach, it transforms supply chains into engines of efficiency and resilience. No longer is the conversation just about cost; it’s about crafting bespoke strategies that align with a company’s goals. Supply chains face increasing complexities—volatile markets, sustainability pressures, and technological evolution. RFS ensures providers deliver more than products: they deliver partnerships, insights, and adaptability. DP World’s proven capacity for innovation ensures that clients not only adapt but thrive in this era of customized solutions. Please reach out directly how we can move beyond surface level conversations and how we can solve problems! #SupplyChainSolutions #RFSRevolution #DPWorldLeadership #GlobalLogistics #InnovationInAction

74% of buyers report their suppliers are missing out on key opportunities with them. Why? Because they aren't making the most of their QBRs 💡 CEVA Logistics' Business Unit Director, Jon Boden, explains that 'the key to ensuring that relationships and programmes stay on course is to have joint stakeholder assignment on all outputs and actions.' 🤝 In other words, everyone around the table at a review meeting needs to be actively included in the ongoing partnership to make the most of every opportunity that presents itself 🚀 Hear more from Jon and other experts in our latest whitepaper 👉  https://lnkd.in/ebzGC3aB

It’s Time to Evaluate, Elevate, & Innovate with Smart Supplier Scorecards 🌟 Ready to drive efficiency, unlock valuable insights, and make smarter sourcing decisions? Our comprehensive supplier scorecards bring everything you need into one place 🚀 Centralise all supplier information, documents, product and service details, actions, and third-party risk data—creating a single, reliable source of truth for every supplier!! Leverage robust supplier ratings across risk, performance, and sustainability metrics to streamline development and improvement across categories and teams  📊 Ready to embrace the season of change with smarter sourcing? Discover how here - https://lnkd.in/eg59DtCn

By carefully choosing the right unit of measurement and target in performance scorecards, buyers can collect data that drives future contract performance. 📈 But... just because we can measure something does not necessarily mean that we should measure it. Metrics establish the agreed-upon performance standard when compared to actual performance. ⏩ ⏩ ⏩ Jeanette Nyden, Owner of Nyden on Negotiation, shares more on how to avoid mistakes, get performance right, and more on our website! READ THE ARTICLE >> https://lnkd.in/g7wCu_NP #contractnerds #supplierperformance #supplier #contractmetrics #inhousecounsel #contractsprofessionals

📈 𝗘𝗹𝗲𝘃𝗮𝘁𝗶𝗻𝗴 𝗦𝘂𝗽𝗽𝗹𝗶𝗲𝗿 𝗥𝗲𝗹𝗮𝘁𝗶𝗼𝗻𝘀𝗵𝗶𝗽𝘀 𝗳𝗼𝗿 𝗟𝗼𝗻𝗴-𝗧𝗲𝗿𝗺 𝗦𝘂𝗰𝗰𝗲𝘀𝘀 Managing supplier relationships isn’t just a priority—it’s a strategic advantage. Stuart Swindell, Senior Product Director at Dun & Bradstreet, discusses effective strategies for cultivating resilient supplier partnerships that can weather economic shifts and drive mutual success. Discover key insights on managing supplier risk, enhancing compliance, and building trust that empowers your entire supply chain to thrive. Read Stuart's insights here 👉 https://bit.ly/3O4fku8 #SupplierManagement #RiskAndCompliance #SupplyChain #SupplyChainResilience

In this SupplyChainBrain article, Crowe principals Wil G. Knibloe III, CSCM and Stephen Wiley explain how supplier scorecards can help organizations cultivate more collaborative relationships with suppliers and foster greater business resilience. https://bit.ly/49KznGh