Supplier Monitoring

January 19, 2016

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The importance of supplier monitoring in times of financial crisis never has been greater than they are today the need for a functioning monitoring of supplier in the world of economy weakened by the financial crisis. Credit rating agencies are faced with a significant loss of image. They have lost much credibility because they should have known due to their deep insights into the business entities world-wide most likely recognize the approach to the financial crisis. But not just by the limited reliance on the opinions of credit rating agencies it will be important for companies, to inform themselves about the creditworthiness of their suppliers and to build working supplier monitoring. By the impact of the financial crisis, many suppliers at risk run going belly up. Even more, this fact reinforced the importance of supplier monitoring. Supplier monitoring aims to recognize hazards from suppliers and to counter quickly with appropriate measures (where a change of supplier should be the last measure).

This requires an intensive engagement and confidence-building with the suppliers. As a solution customized analyses of research companies are offered, which provide the necessary information (supplier analyses, statistics, etc.). Most customers are surprised how detailed a good monitoring of suppliers can be, and what forecast quality arising as a result. “It is important to find a research company that adapts to the needs of the customer and not the other way around” says Felix Vogler. Felix Vogler, Director Germany/Austria/Eastern Europe by the global research company and provider of Procurementlosungen, Evalueserve, lectures on 26 and 27 January 2009 at the industry Summit 7 in Berlin on the subject of “Supplier monitoring in times of financial crisis”. About the industry Summit 7 of the Organizer tinidad organized the industry Summit, to connect representatives of all relevant sectors of the economy. This year’s industry Summit deals specifically with supply chains, one of the focus areas is the supplier relationship Management. About company: The company company, founded by a former McKinsey partner and an IBM Research Manager, is leading provider of bespoke research services (business research, market research, investment research, data analytics, patent research / intellectual property and legal process services).





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