KPI Scorecard facilitates powerful, adaptable and efficient supplier
monitoring and evaluation to manage costs and raise profits
ANN ARBOR, Mich., June 17 /CNW/ -- Ann Arbor, Mich.-based TrackSpeed
today launched a Web-based enterprise-class application designed to bring the
highest standard of supplier cost savings compliance to businesses of all
sizes and operating in any industry. From purchasing and supply chain
executives to small- and medium-sized business owners, customers can use the
broad range of tools available in the KPI Scorecard package to control costs
and increase profits by efficiently aligning supplier activities with
organizational goals. Information on the new product is available at
"As the top-level strategic goals of an organization change, so should
the top-level criteria against which the organization measures its suppliers,"
said TrackSpeed President and CEO Brent Ray. "The KPI Scorecard is highly
flexible and configurable. It's designed to evolve with the growth of a
business and accommodate the changing needs of a dynamic supply chain --
without the burden of excessive overhead and IT infrastructure costs."
The latest addition to a portfolio of supply chain technology solutions
developed by TrackSpeed, KPI Scorecard makes it possible for companies to
define, measure and enhance supplier performance to meet their business goals
in real-time and with rigorous consistency. The results can boost revenue and
operating margins by reallocating valuable resources to core business
KPI Scorecard is available as a 30-day free trial and features a monthly
subscription rate of $99 per month, which correlates with individual site
(facility) locations. It gives decision-makers access to a powerful and
completely customizable supplier control system for a fraction of the cost
associated with more complicated systems offering similar or lesser
"A highly coordinated and efficient supply chain is essential for
companies seeking to adopt lean and agile practices to remain competitive and
viable," Ray said. "If they do not administer supplier KPIs (key performance
indicators), many companies are missing opportunities to boost profits and
Customers can utilize KPI Scorecard to establish and monitor progress
toward a variety of goals, including lean manufacturing objectives, MBE
(Minority Business Enterprise) and diversity spending, environmental "green"
initiatives, cost avoidance (CA) programs and low-cost country sourcing (LCCS)
Any business, regardless of size, can better manage supplier performance
with the help of KPI Scorecard's robust capabilities, which include:
-- Automated entry and approval functions
-- On-demand, real-time scorecard measures
-- Single data repository to eliminate inefficiencies and maintain
-- Advanced workflow approval process to ensure consistent procedures
-- Flexible data-input modes and real-time graphical performance displays
-- Customized cost savings documentation (CSD)
-- Simplified setup procedures to eliminate dependence upon IT resources.
Suppliers can implement KPI Scorecard to gain an advantage over the
competition. With KPI Scorecard, suppliers have instant access to a
user-friendly portal for submitting standardized cost savings templates.
Suppliers and their customers exchange vital supply chain performance data
while gaining visibility to the exact status of cost improvement projects and
cost savings documentation (CSD).
About TrackSpeed, LLC
Established in April 2003, TrackSpeed has earned impressive credentials
and industry experience by assisting multi-national and Fortune 1000 clients
with enterprise-class supply chain software and consulting services.
TrackSpeed designs and develops tools that address key issues relevant to
material management, spend management, supplier key performance indicators
(KPIs) and the disposition of excess and obsolete (E&O) inventory and assets.
For further information:
For further information: Zak Walsh of TrackSpeed, LLC, +1-248-626-0006
Web Site: http://www.kpiscorecard.com