884: Beyond On-Time Delivery: Measuring Supplier Stability W/ Shayan Farshid

"You don't need an advanced platform to begin. You just need consistent definitions, discipline, to look at the data, and a willingness to move beyond the on-time delivery average to make really good decisions going forward." Traditional supplier scorecards can tell procurement whether a supplier delivered on time, but they may not reveal whether that supplier's commitments are becoming less reliable over time. In this episode, Philip Ideson is joined by Shayan Farshid, a procurement and operations professional, to discuss the Supplier Stability Index, an open-source framework Shayan developed to help procurement teams get a more complete view of supplier performance. Shayan explains how looking beyond traditional on-time delivery metrics can reveal things like commitment drift, unresolved delivery exposure, quality issues, and other signals that may put production schedules at risk. He also shares why he made the framework open source, particularly for small and midsize manufacturers that may not have access to sophisticated supplier risk technology. In this episode, Shayan discusses how to: -Identify supplier risks that traditional scorecards may miss -Measure supplier stability using data teams already have -Prioritize supplier issues based on exposure and criticality -Turn supplier data into more proactive supplier conversations -Build stronger data foundations before applying AI -Start measuring supplier stability without an advanced technology platform   Links: Shayan Farshid on LinkedIn: https://www.linkedin.com/in/sfarshid/  Subscribe to the AOP Newsletter: https://resources.artofprocurement.com/art-of-procurement-podcast-subscribe  Subscribe to Art of Procurement on YouTube: https://www.youtube.com/@ArtofProcurement