--- title: LP - EMEA UK - WP Achieve Supplier Performance Management Through Data Analytics --- ![](https://info.ivalua.com/hs-fs/file-2064121894-gif/IvaluaNov2014_Images/logo.gif) (+44) 20 8068 9390 # 5 Tips To Improve Supplier Performance Management ## Maximize the Impact of Supplier Performance Management by Fully Leveraging Data Analytics   **Procurement’s performance** is consistently, if not notoriously, measured based on their **ability to generate cost-reductions**. As we well know, there is far more complexity and opportunity for value potential that this does not take into account. Beyond improving supplier performance,** leveraging analytics for SPM** (Supplier Performance Management) can be a powerful approach to **assessing and mitigating risk**. While some measures for desired supplier improvement will reduce costs or improve quality, others may bring to light the potential for supply disruption.  **The same is true of our suppliers.** If our purpose for measuring supplier performance is to drive operational improvement and support innovation, procurement must take a multi-faceted approach. A successfully structured approach will incorporate multiple metrics and automation, as well as internal and external data inputs. The ideal scenario in any Procurement initiative is to **generate positive results while also improving relationships with key suppliers**. Download this White Paper to learn how to: - Make sure cost-reduction is just one component of SPM - Realize the advantages of a structured SPM process - Collect the information that will be most useful in an assessment - Keep the focus on continuous improvement - Automate and simplify the proces ![wp-maximize.png](https://info.ivalua.com/hubfs/wp-maximize.png "wp-maximize.png") ### Download Free Copy ![customer-logos-ivalua-webinar.png](https://info.ivalua.com/hs-fs/hubfs/Customer_Logos/customer-logos-ivalua-webinar.png?width=302&height=200&name=customer-logos-ivalua-webinar.png "customer-logos-ivalua-webinar.png") © Copyright 2006 - 2023 Ivalua - All rights reserved. ![](https://dc.ads.linkedin.com/collect/?pid=39012&fmt=gif)