Technology Gives Fresh Take on Supplier Performance Management

Join us for Good Data: Spend Analysis Tactics to Attack Supplier Performance Management on Thursday, May 30 from 10-11am Central.

FMC Technologies is an oil and gas industry company with over 18,000 employees, $6.5B in revenue, and a $13B market cap. Like most businesses, they stand and fall with the performance of their key strategic suppliers.

The company’s major headache comes from lack of consistent data, terms, SLAs, etc. across the globe: how can they accurately benchmark anything? How do you uniformly define concepts like quality and on-time delivery, for example? The question is as much centered on process and definitions, as focused on executing the measurement of these areas in a unified application. One approach is to shift the paradigm of spend analysis to supplier performance management.

What if proven practices and solutions from spend analytics could be applied to supplier performance? So began FMC Technologies’ journey toward clear apples-to-apples supplier comparisons and other business benchmarks on a global basis.

We explore how they pulled this off in an upcoming webinar featuring German Torres. Join us for Good Data: Spend Analysis Tactics to Attack Supplier Performance Management on Thursday, May 30 from 10-11am Central.

Takeaways include:

  • Data points leveraged
  • How to define the business need
  • Building your business case
  • How to measure success

We hope to see you there!

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