Sustainable Procurement

Supplier Performance Management (SPM) is a pivotal business process integral to effective procurement and supply chain operations. This process involves the continuous evaluation, analysis, and active management of the performance of an organization's suppliers. The core objectives of Supplier Performance Management encompass optimizing costs, managing risks, and enhancing overall quality.

In the dynamic landscape of modern business, SPM goes beyond traditional supplier assessments. It leverages data-driven insights and key performance indicators (KPIs) to ensure that suppliers align with the organization's strategic objectives. Through systematic evaluation, organizations can identify areas for improvement, foster collaboration, and maintain high performance standards across their supplier network.

Learn more about Ivalua's Sustainable Procurement & Sustainability Solutions.