Epicor P21 is the leading enterprise resource planning (ERP) software for wholesale companies. One of the key features of this software is its ability to manage supplier performance, which is essential to success in the competitive wholesale distribution industry.

Epicor P21 offers several tools to help companies effectively manage suppliers. These tools allow companies to track supplier performance, identify areas for improvement, and strengthen supplier partnerships. Let’s take a look at some of the ways Epicor P21 helps companies manage supplier performance.

First, the software offers robust supplier management functionality, enabling companies to collect and store all necessary supplier information in one place. This includes details such as supplier contact details, payment terms, contract dates, and more. With information readily available, companies can easily track and manage supplier relationships.

Another important tool in Epicor P21 is supplier scorecards. These scorecards enable companies to track supplier performance in real time based on predefined metrics such as on-time delivery, goods quality and pricing. By regularly monitoring these metrics, companies can identify any issues and resolve them quickly, ensuring smooth operations and maintaining high quality standards.

Moreover, the software also offers vendor compliance tracking and management capabilities. This enables companies to monitor supplier compliance with regulatory requirements, industry standards, and internal policies. By tracking compliance, companies can easily identify non-compliant suppliers and take corrective action to avoid legal or financial risks.

Epicor P21 also offers advanced analytics and reporting capabilities so companies can gain deeper insight into their supplier performance. Customizable dashboards and reports enable companies to evaluate supplier performance over time and make informed decisions about supplier relationships.

In addition to these tools, Epicor P21 also integrates with third-party supplier evaluation services, giving companies comprehensive visibility into supplier performance. This allows companies to make more strategic decisions when selecting and managing suppliers.

In summary, supplier performance management is crucial to achieving operational efficiency, reducing costs, and maintaining high quality standards. With a comprehensive set of tools and features, Epicor P21 enables companies to effectively manage suppliers and maintain strong partnerships to ensure continued success in the wholesale distribution industry.