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The Impact of Vendor Performance Part 2 HD

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Published on May 24, 2016

Greg Holder, CEO and Founder, Compliance Networks

Greg explains the value of supply chain visibility for improving vendor performance and managing a more profitable purchase order lifecycle.

Supply Chain Visibility | Supplier Performance Improvement | Vendor Compliance Management www.compliancenetworks.com

Transcript:

0:06what we begin to see going from from the point of purchase orders or are created
0:11the whole purpose of life cycle of talk about the purchase order lifecycle left
0:14at times and and and this video casting but we understand when when vendors or
0:19routing purchase orders for purchase order to get picked up or delivered they
0:23received in all of those data elements are a part of this minor complaints
0:27process but most importantly ends to visibility of what's happening in supply
0:31chain we can tell you that have been drawn into one product or in general is
0:35is shipping to fill rate of 75% and 95% and we can show you how one simple mania
0:42to like ours increases that feel right now that we've always known that if you
0:45don't get the product you can't sell it and and so the filtrates going that long
0:51ways to understanding that there what about that vendor that always ships late
0:54is coming out of one facilities coming out of a different facility could be a
0:57carrier shoemakers Waverly some purchase orders and and so we have a unique
1:01ability to have some some insight into that and where we started out with just
1:06a basic accountability let's offset some costs per offender not get a piece of
1:10merchandise and and now we have to increase we have that expense on our
1:14side visibility of what color is his ability to late shipping we can now
1:21predict when a vendor is going to be late and if we can take that information
1:25provide that to somebody they can use that to one of our founding fathers said
1:32when our founding members of complex networks said look I don't have entered
1:35as I have to ship me perfect for me to succeed I just need to know how they're
1:39going to fail and if we know that then we can be successful and we can take
1:43steps to to be successful

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