Does ERP software offer real-time tracking of supplier performance?
Yes, ERP (Enterprise Resource Planning) software can provide real-time tracking of supplier performance. With the right ERP system in place, businesses can monitor and evaluate supplier performance in real-time, allowing for quick decision-making and proactive measures. ERP software integrates various modules, including supplier management, inventory management, and production planning. These modules collect and analyze data related to supplier performance, such as delivery times, quality issues, and cost efficiency. The ERP system aggregates this data into comprehensive dashboards and reports, enabling users to monitor supplier performance metrics, identify areas for improvement, and take necessary actions.