Managing a buyer / supplier relationship requires performance data visibility. BvW Global implements Performance Management Frameworks to ensure that both parties perform according to ‘performance themes’ that form part of a contractual agreement.
Key data points that are necessary to manage quality, timing, delivery, and end-customer satisfaction then selected and enabled via technology to provide a visual dashboard on the performance of a particular supplier contractual agreement – this is achieved via the development of “Functional Requirements” documentation.
The purpose of the Functional Requirements document is to define the functions that the system must be able to perform successfully, i.e. what the system must do. It provides the foundation for the detailed design and development of the software application.
Once the Functional Requirements have been agreed, our team will subsequently develop Functional Specifications that outline all the functions that need to be enabled by a technology – or a combination of technologies.
This approach allows a proactive management and enhancement of a buyer / supplier commercial relationship.
- Proactive management reduces the needs of a cumbersome, time consuming year-end acquittal process that may result in P/L imbalances;
- Support contractual obligations;
- Delivery against contractual and performance obligations;
- Budget management.
Please contact us for further information in using technology to manage your contractual agreements with your suppliers.