Selecting vendors is a time consuming process that touches many parts of your organization. With the Vendor Selection blueprint, Rivet™ helps you save money by facilitating the selection process by scoring, rating, and monitoring vendors based on a number of factors, such as:
- Type of materials required
- Production capacity
- Staffing and skills levels
- Past on-time and in-full (OTIF) performance
- Geopolitical concerns
- Financial stability of vendors
Rivet’s Vendor Selection blueprint not only supports selecting new vendors, it also helps you to easily and quickly identify and remove hidden waste and costs associated with your existing vendors.