Reporting is a major component of the Supplier Performance Management system. For those who work within the supply chain & procurement industry having visibility and the ability to produce key reporting metrics is key to maintaining a level of control & performance management.
In this blog piece I shall look at the fundamental need for reporting, keys reporting features and the benefits of reporting for SPM.
As we have discussed many times in this blog, Supplier Performance Management relies upon having the ability to capture key data, process this data and allow for action to be taken on it. Reporting plays a huge role in this process by allowing a user to work with captured supplier data across any number of pre-determined hierarchical or time zones & produce meaningful output. Without a full range of reporting options performance data would be lost.
Information displayed in a visual dashboard has replaced traditional written reports with plain tabular figures. This is a trend not only within the Supply Chain & Procurement industry but right throughout the business & academic community. Visually striking & dynamic interfaces allow for a more striking impact.
This has driven leading SPM vendors to allow users to build these dynamic Reporting dashboards. You can see an example below from the industry leader. They allow performance data to be created into dynamic user friendly reports. Graphical options as well as the ability to create fully interactive colour coded reports driven across predetermined locations and date ranges deliver a superior Supplier Management solution.
For many Supply Chain Managers having the option to build such reports makes successful performance management a more transparent and achievable process.