In this issue, we are highlighting the importance of maintaining your supplier portfolio in a structured and strategized manner. Managing your supplier network efficiently is crucial for any brand’s success as it allows for tracking and maintaining quality, managing risks, and upholding ethical and social responsibilities, all of which contribute to the long-term success and sustainability of your brand. 

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So, what are the best practices for going about this exercise?

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First of all, going digital and letting go of emails and spreadsheets is vital. Spreadheets can only take you so far, and if at least one of your goals is scalability, you need move away from just "organizing" supplier information to "enhancing" it. To achieve this, make sure to identify and implement a digital tool that allows you to execute on your long term supplier strategy, but also track performance and KPI's.

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Empower Your Supply Chain with Vintly

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Whether it’s building relationships, managing documents, or ensuring compliance, Vintly’s features for Supplier Management equip you with the tools you need to handle it all effortlessly. With Vintly, you customize your supplier profiles to define tiers, capabilities, and critical documentation. These customizable profiles ensure that all pertinent supplier information is at your fingertips, tailored exactly to your needs.

Moreover, supplier communication and performance monitoring are key to maintaining a resilient supply chain. Vintly enables you to collect supplier feedback, track certification validity periods, and receive notifications before any critical certifications expire. 

Stay tuned for more insights and updates from Vintly, where we make supply chain collaboration with suppliers simple and efficient. Happy reading!

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Warm regards,

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The Vintly Team