Simple tools for Small Business to Manage Supplier Performance like the Largest Companies

2022-10-07T09:49:47-04:00

Simple tools for Small Business to Manage Supplier Performance like the Largest Companies Supplier Spending List annual spend per supplier in descending order, stop listing at a significant drop point in spend. If supplier spending levels change significantly each year, go back 3 or 5 years. How many total suppliers do you have? Generally, you’ll find that at least 80% of your supplier spend is from only 20% of your suppliers. As an example, if you’ve bought from 100 suppliers over the past 3 years, the top 20 in spend will account for 80% of total supplier spend. These 20 [...]