?? Track your suppliers' performance!
Asiaction Sourcing
Supplier sourcing ? Factory audit ? Quality control ? Order management
Hello Buyers!
Welcome to our new edition on supplier performance monitoring. Monitoring the performance of suppliers in China has become an essential task for any company wishing to maintain a balanced business relationship with its Chinese suppliers. Mastering performance criteria and key metrics is essential to ensure the smooth running of the supply chain.
The Asiaction team is pleased to announce a key advance in your personal space on our customer portal. You can now access precise performance monitoring for each of your suppliers. In fact, we've integrated a series of key performance indicators (KPIs) to offer you unprecedented transparency:
Let's take a look at what each of these KPIs means. ??
?? Lead time
This indicator represents the number of days between placing the order and completing production.?
Short lead time = efficiency of supplier's production process.
? On-time delivery
This is the number of late or early delivery days.?
Negative number of days = early delivery, reflecting good logistics management and compliance with delivery deadlines.
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? Non-conformity rate
This KPI measures the percentage of products that do not meet the specifications established in the order. These are therefore products that, although functional, do not meet your requirements. For example, a garment in the wrong color, or a machine with incorrect dimensions.?
Low non-conformity rate = accuracy and reliability of the supplier.
?? Defect rate
This is the percentage of defective products out of the total number of products manufactured. A product is considered defective if it has a technical or functional failure that affects its normal use. For example, an electronic device that won't switch on, or a garment with a poorly sewn seam.?
Low rate = good management of quality processes by the supplier, which can reduce your quality control costs.
?? Return rate
This KPI measures the percentage of products that encountered problems during transport or after use, out of the total number of products ordered.
Low return rate = products meet expectations well.
The transparency this data provides sheds precise light on your suppliers' performance, enabling you to optimize your purchasing processes. It's proof of our ongoing commitment to providing you with the tools and information you need to make informed decisions.
Because your success is our priority, we continue to innovate to offer you an ever more efficient and transparent service.
Account Manager/Business Development Manager at Asiaction. We secure and facilitate your procurement while simultaneously optimising your purchasing costs.#PURCHASING #EXPERTISE #SECURITY
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1 年A completely transparent tool for monitoring your supplier capabilities