Supplier Management
Enables Supplier Collaboration & Performance
Supplier management promotes the close cooperation between suppliers and consolidates procurement value through cost reduction, risk control and performance management throughout the sourcing cycle. It enhances the supplier management visibility and transparency and continuously optimizing our supplier's performance by centralizing sourcing, contract management, performance evaluation and implement refined strategy to improve procurement efficiency and results.
Supplier Relationship Management Framework
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Continental Solution provides centralized solution for supplier management that covers all the areas necessarily to monitor and improve supplier management process, and our Supplier Relationship Management Framework has great functionality, flexibility, and extreme usability to meet the needs to better manage suppliers – improving quality, reduce quality, enhancing collaboration, and reducing supplier risk. We adopt integrated approach in supplier management framework which creates powerful synergies which each category of operation to ensure effective operation and management helps drive supplier performance.
Supplier Relationship Management Operation Process Model
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The Continental Solution Supplier Relationship Management Operation Process Model offers a fully integrated solution for managing suppliers. It optimizes supplier selection, performance improvement and risk control to secure and manage offshore manufacturing base to deliver superior procurement result.
The model provides customizable and flexible functionality to modify the process and strategies based on each different procurement project across supplier relationship management, as well as support unified approach to strengthen ability of choosing the right suppliers and obtain clear insight into supplier data, in order to mitigate risk and improve supplier performance in a cost-effective manner.
Supplier Performance Assessment
We continuously keep track of supplier performance and provide visibility of supplier's performance in each stage of procurement process. In order to manage the offshore supply chain with sustainable success in the long term is ultimately depend upon the consistency of supplier performance, and it requires optimizing supplier management by closely monitoring and analyze all relevant evaluation metric, it includes:
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Supplier price and cost performance
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Product receipt quality
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Delivery performance
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Contractual and standard compliance
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Financial stability payment
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Participation in product development
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Cooperativeness in third-party production management
Promote Collaboration and Competition Between Suppliers
Attentively collaboration and communication between suppliers increase overall production efficiency and reduce development costs. The suppliers are assigned responsibilities with clear guidelines and standard requirement, allowing multiple suppliers to work together on the same project that enables cooperation on production development and manufacturing. It helps streamlines the sourcing and product cycles through improved supplier communication and collaboration, resulting in higher production efficiency and lower production error.
We promote the health competition between supplier on price and quality. Based on each supplier's performance evaluation, we continuously explore other suppliers in same category with better price and capability offering. This is a useful strategy that alleviates the symptom of over-reliance on single supplier and lead to corrosion of leverage advantage, rather they have to thrive for improvement for staying in the contract.
