Retail Vendor Management: Performance evaluation and compliance
For retailers, managing vendors goes beyond having a contact number. An SRM (Supplier Relationship Management) system in Jestor is necessary to monitor delivery times, product quality, and document compliance, avoiding supply chain disruptions.
A Vendor is not just a contact list
Many companies buy poorly because they lack history.
- "Did this vendor delay the last 3 deliveries?"
- "Did their raw material defect rate increase?" Without data, the buyer makes decisions based only on price, which can be costly if delivery fails.
The Vendor Portal in Jestor
Instead of exchanging emails, bring the vendor into your system.
- Onboarding: The vendor fills out the registration and uploads certificates in the Jestor portal.
- Scorecard: With each delivery, the warehouse rates it (1 to 5). The system calculates the vendor's average.
- Communication: Chat about the order stays inside the order record, not on the buyer's personal WhatsApp.
Frequently Asked Questions (FAQ)
What is a Vendor Scorecard? It is a scorecard evaluating the vendor on criteria like: Punctuality, Quality, and Price.Jestorautomates this calculation.
How to avoid non-compliant vendors? Use document expiration automation. If the vendor's tax certificate expired, Jestor blocks new purchase orders for them.
Is it good for Private Label? Yes. It is essential for controlling the technical specifications you send to the factory producing your brand.
Conclusion
With Jestor, you transform your vendors into strategic partners monitored by data.
Professionalize your purchasing management: https://jestor.com/