"The earlier you can catch risk, the cheaper it is to solve." - Matthew Spencer, Founder of FlockScore
Procurement teams have access to plenty of information when evaluating a new supplier, from certifications and financials to technical capabilities. What they often lack is visibility into a more practical question: How does this supplier actually perform?
In this episode of Art of Procurement's Startup of the Week, we talk with Matthew Spencer, Co-Founder and CEO of FlockScore, a platform building a collective intelligence layer for supplier decisions by bringing together anonymized, real-world supplier performance data.
Matthew shares the experience that led him to start FlockScore, why he believes external supplier performance data can help procurement make faster and more confident decisions, and how the platform is designed to complement the supplier data companies already have.
Listen to this episode to hear:
-Why internal supplier scorecards only provide part of the performance picture
-How peer performance data can help procurement evaluate new and alternative suppliers
-Why supply chain volatility is increasing the need for faster supplier qualification
-How FlockScore combines anonymized peer data with AI-generated supplier signals
-How earlier visibility into issues such as supplier capacity can help teams respond before disruption reaches their own operations
Links:
Matthew Spencer on LinkedIn: https://www.linkedin.com/in/matthewjspencer1?originalSubdomain=be
Visit FlockScore's Profile in the AOP Provider Directory: https://artofprocurement.com/provider-directory/flockscore
Subscribe to the AOP Newsletter: https://resources.artofprocurement.com/art-of-procurement-podcast-subscribe
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