Supplier scorecarding provides valuable insight into the quality and reliability of a supplier and its products. Rating and ranking suppliers based on business-critical KPIs allows food manufacturers to understand how individual suppliers affect the company’s product quality, risk, compliance, customer satisfaction, and overall business performance.

“Although price and delivery time metrics appeal to professionals in purchasing and accounting, folks in quality, regulatory, safety, and R&D have little actionable data to monitor or scorecard suppliers on the KPIs that matter to them,” TraceGains CEO Gary Nowacki explained.