Successful Supply Chain Vendor Compliance (Hardback) book cover

Successful Supply Chain Vendor Compliance

By Norman Katz

© 2016 – Routledge

178 pages

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Hardback: 9781472472014
pub: 2015-12-04
$119.95
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eBook (VitalSource) : 9781315563176
pub: 2017-05-15
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Description

Even the largest companies find managing vendors a daunting task. If you get it wrong then you risk inadvertently penalizing potentially valuable suppliers with misguided, overly bureaucratic or costly processes. Worse the burdens placed on the vendors backfires on the customer entity itself as the customer is subjected to the increased operational costs of managing the ramifications of the ill-conceived or poorly implemented requirement through the vendor community, driving up its own operational costs and increasing frustrations for all, straining the customer-vendor relationship. Effective compliance programs balance the requirements with the capabilities of their suppliers, striving to educate instead of just inform. A well-run program should help vendors self-implement and control costs, not force vendors to rely on constant communication and increase costs for all trading partners involved.

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

Reviews

"The author validates what I have come to understand about most companies with respect to vendor management policies and practices, i.e. they are broadly substandard. This book offers a hard, candid look at why companies and vendors have not been more proactive about due diligence, and why plug-and-play SCM tools, while often impressive at creating efficiency and reporting capabilities, do not supplant the role of proper ethics, governance and communication in optimizing the vendor management relationship. The author serves as an educator as he defines for us what constitutes vendor management best practices and demonstrates how synergy in the vendor management process flow impacts profitability. CEOs, CFOs, IT auditors, and IT consultancies will gain tremendous insight from the author's observations and recommendations that translate well toward improving vendor management performance for company and vendor."

- Andrew J. Tabone, Principal & Managing Consultant, AJT - IT Talent & Vendor Management Advisory Group, LLC

About the Author

Supply chain vendor compliance has been a central focus in the career of author Norman Katz since 1993. His career roles as a Programmer, Programmer Analyst, Business Systems Analyst, and Information Technology Manager from 1985 through 1995 provided significant background in the core supply chain technologies of Enterprise Resource Management (ERP) systems, Electronic Data Interchange (EDI), and barcode labelling and scanning applications, and also in business operations across a variety of industries. In 1996 Norman decided to chart his own course and founded Katzscan specializing in supply chain technologies and operational performance, vendor compliance, information insights, supply chain risk management, and supply chain fraud detection and reduction. Norman is also the author of Detecting and Reducing Supply Chain Fraud (Gower, 2012).

Subject Categories

BISAC Subject Codes/Headings:
BUS001000
BUSINESS & ECONOMICS / Accounting / General
BUS008000
BUSINESS & ECONOMICS / Business Ethics
BUS013000
BUSINESS & ECONOMICS / Commercial Policy
BUS076000
BUSINESS & ECONOMICS / Purchasing & Buying
BUS078000
BUSINESS & ECONOMICS / Distribution