A customer wants to evaluate a transactional relationship they have with a supplier. In addition to cost, which of the following key performance indicators (KPIs) is the best choice for this evaluation?
A customer wants to evaluate a transactional relationship they have with a supplier. In addition to cost, which of the following key performance indicators (KPIs) is the best choice for this evaluation?
When evaluating a transactional relationship with a supplier, one of the key performance indicators (KPIs) to consider is information sharing. This KPI is crucial because it enables both the customer and the supplier to make informed decisions, enhances collaboration, and ensures quick responses to market changes. While cost is important, the ability to share information effectively can significantly impact the efficiency and success of the transactional relationship.
Information sharing is crucial for building strong and effective supplier relationships. It allows both parties to make informed decisions, collaborate on improvements, and respond quickly to changes in the market.
This perticuler scenario talking about transactional relationship