Successful Supply Chain Vendor Compliance

Norman Katz has secured a top spot as one of the Top 50 Global Thought Leaders and Influencers on Supply Chain 2020.

Even the largest companies find managing vendors a daunting task. If you get it wrong, you risk inadvertently penalising potentially valuable suppliers with misguided, overly bureaucratic, or costly processes. Worse, the burdens placed on the vendors backfire on the customer entity itself. The customer is subjected to increased operational costs of managing the ramifications of these ill-conceived or poorly implemented requirements. This drives up its own operational costs and increases frustrations for all, straining the customer-vendor relationship.

Effective compliance programmes balance the requirements with the capabilities of their suppliers, striving to educate instead of just inform. A well-run programme should help vendors self-implement and control costs, not force vendors to rely on constant communication, which increases costs for all trading partners involved.

Successful Supply Chain Vendor Compliance explains the technical, process, and cultural elements that contribute to a successful compliance programme. Norman Katz exposes the weaknesses in traditional programmes and identifies the characteristics of well-managed programmes that foster beneficial trading partner relationships. He shows how a well-executed vendor compliance programme can control and decrease costs by reducing disruptions throughout the supply chain, from the distribution centre to the data centre to the corporate office.

Competition is fierce, and the right vendor can help you define a business model, react quickly to changes, and differentiate between you and your competitors.

See the latest Forbes article on Abusive Compliance Practices!