There’s nothing more frustrating than setting up your own operations to run smoothly and efficiently, only to be let down by suppliers. That’s why it’s the Operations Manager’s responsibility to also manage the supply chain. This means signing procurement contracts with the suppliers that pose the lowest risk to your operation. But if you operate in a market with many potential suppliers how do you go about selecting the best ones?
One way is to use the services of a consulting firm that specialises in market intelligence of upstream operators. One such is the Dutch firm BvD. They have a tool called ‘Procurement Catalyst’ that provides customised reports on supplier performance, as this promotional video explains.