Attention all professionals looking to improve their supplier performance management and indirect procurement strategies!
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Our knowledge base is designed to help you get results quickly and efficiently by providing the most important questions to ask based on urgency and scope.
With a database of 1572 prioritized requirements, solutions, benefits, and example case studies/use cases, our knowledge base is the ultimate tool for streamlining your supplier performance management and indirect procurement processes.
But that′s not all, our Supplier Performance Management and Indirect Procurement dataset stands out among its competitors and alternatives as the top choice for professionals in the industry.
Our product offers unparalleled depth and breadth of information and analysis, making it an essential resource for businesses of all sizes.
Not only is our product unbeatable in terms of its features and functionalities, but it is also affordable and user-friendly.
Whether you are a seasoned procurement professional or just starting out, our knowledge base is easy to use and can be a DIY alternative for those on a budget.
Moreover, our product offers a detailed overview of specifications, comparing different types of products to help you determine the best fit for your business needs.
We have extensively researched and analyzed the market to bring you the latest and most relevant information on supplier performance management and indirect procurement.
Investing in our Supplier Performance Management and Indirect Procurement Knowledge Base means investing in the success and efficiency of your business.
Don′t waste any more time and resources trying to figure out the best approach for supplier management and procurement - let our product do the work for you.
But don′t just take our word for it, try it out for yourself and see the results firsthand.
Our product has been praised by businesses and professionals alike for its effectiveness and ease of use.
And with our competitive pricing and detailed cost breakdown, you can be sure that you are getting the most value for your investment.
Say goodbye to endless research and trial-and-error approaches, and say hello to a streamlined and effective supplier management and procurement process with our Supplier Performance Management and Indirect Procurement Knowledge Base.
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What do you measure in terms of your performance in responsible procurement and supply chain management? Do you have documented performance and validation procedures for your hardware/software products or services? Does third party model testing include the testing of performance on your organizations portfolio?
Supplier Performance Management
Supplier Performance Management is the process of monitoring and evaluating suppliers′ performance in responsible procurement and supply chain management. This includes measuring areas such as sustainability practices, ethical standards, and overall efficiency in the supply chain.
1. Key Performance Indicators (KPIs): Measure supplier performance against specific targets to drive improvement and ensure compliance.
2. Supplier Scorecards: Provides a visual representation of supplier performance, highlighting areas of strength and weakness for better decision-making.
3. Contract Management: Tracks contract compliance, on-time delivery, and quality control to ensure suppliers are meeting their contractual obligations.
4. Audits: Conduct regular audits to assess supplier performance and address any issues, such as ethical or environmental concerns.
5. Continuous Improvement Plans: Collaborate with suppliers to create plans for continuous improvement in responsible procurement practices.
6. Risk Analysis: Monitor supply chain risk factors, such as supplier financial stability, to mitigate potential disruptions and ensure responsible sourcing.
7. Stakeholder Engagement: Engage with stakeholders to gather feedback on supplier performance, identify areas for improvement, and build stronger partnerships.
8. Training and Development: Provide training and resources to suppliers to support responsible procurement and supply chain management.
9. Sustainability Reporting: Require suppliers to report on sustainability metrics, such as carbon emissions and waste reduction, to track performance and drive accountability.
10. Supplier Diversity Programs: Encourage diversity in the supply chain to promote responsible procurement and support underrepresented businesses.
CONTROL QUESTION: What do you measure in terms of the performance in responsible procurement and supply chain management?
Big Hairy Audacious Goal (BHAG) for 10 years from now:
By 2030, our company aims to be a leader in responsible procurement and supply chain management. We will measure our performance by several key metrics, including:
1. Percentage of suppliers who have signed our Responsible Procurement Code of Conduct: Our goal is to have 100% of our suppliers commit to upholding ethical and sustainable practices in their operations.
2. Supplier Diversity: We will track the diversity of our supplier base, including minority-owned, women-owned, and small businesses, to ensure we are supporting and promoting a diverse supplier ecosystem.
3. Carbon footprint reduction: We will set a target to reduce our carbon footprint through responsible procurement practices, such as sourcing from local suppliers and using renewable energy sources.
4. Labor standards compliance: We will work towards ensuring all of our suppliers comply with fair labor standards, including decent wages, safe working conditions, and no forced labor.
5. Reduction in supply chain waste: We will aim to minimize waste in our supply chain by implementing circular economy principles and working with suppliers to optimize packaging and materials usage.
6. Transparency in supply chain: Our goal is to have full transparency in our supply chain, including traceability of raw materials, to ensure ethical and sustainable practices are being followed throughout our entire supply chain.
7. Ethical sourcing index: We will develop a comprehensive ethical sourcing index that measures our suppliers′ performance in areas such as human rights, environmental impact, and anti-corruption efforts.
8. Supplier satisfaction: We will survey our suppliers regularly to gauge their satisfaction with our responsible procurement policies and practices, and use their feedback to continually improve and innovate in this area.
9. Impact on local communities: We will track and report on the positive impact our procurement practices have on local communities, such as creating job opportunities or supporting community development projects.
10. Achieving certification: Our ultimate goal is to obtain certifications such as Fair Trade or B Corp that demonstrate our commitment to responsible procurement and supply chain management.
This ambitious goal will not only set us apart as a responsible and sustainable company, but it will also positively impact the lives of workers, communities, and the environment across our global supply chain. We are committed to continuously improving our practices and working towards a more responsible and ethical future for all.
"Kudos to the creators of this dataset! The prioritized recommendations are spot-on, and the ease of downloading and integrating it into my workflow is a huge plus. Five stars!"
Synopsis:
ABC Corporation is a multinational company that specializes in consumer goods. The company is committed to responsible procurement and supply chain management, ensuring ethical and sustainable practices in their sourcing and manufacturing processes. In recent years, ABC Corporation has faced various challenges in managing their supplier performance and ensuring responsible procurement. The company approached our consulting firm to help them develop a Supplier Performance Management (SPM) system that would enable them to measure the performance of their suppliers in terms of responsible procurement and supply chain management.
Consulting Methodology:
Our consulting methodology includes four main steps – assessment, design, implementation, and monitoring. The assessment phase involved a comprehensive review of the current procurement and supply chain processes of ABC Corporation. This included gathering information from key stakeholders such as procurement managers, supply chain managers, and sustainability officers. We also conducted interviews with a sample of the company′s suppliers to understand their perspectives on responsible procurement and supply chain management.
Based on the findings of the assessment phase, we designed a customized SPM system for ABC Corporation. The system consisted of key performance indicators (KPIs) that aligned with the company′s values and objectives for responsible procurement and supply chain management. These KPIs were categorized into three main areas: ethical sourcing, environmental sustainability, and transparency and reporting.
The implementation phase involved training and onboarding of the procurement and supply chain teams on the SPM system. We also provided support in integrating the system into the company′s existing procurement and supply chain tools and processes.
Deliverables:
1. Customized SPM system with KPIs: The SPM system developed by our consulting firm included a set of KPIs that were tailored to measure the performance of ABC Corporation′s suppliers in responsible procurement and supply chain management.
2. Training and onboarding materials: We provided training materials and onboarding resources to enable the procurement and supply chain teams to effectively use the SPM system.
3. Integration support: Our consulting firm provided support in integrating the SPM system with the company′s existing procurement and supply chain tools and processes.
Implementation Challenges:
1. Alignment with suppliers: One of the main challenges faced during the implementation phase was gaining the buy-in of the suppliers. It was crucial to engage and align them with the new SPM system to ensure its success.
2. Data collection and reporting: Gathering and analyzing data from suppliers proved to be a challenge, as most of them did not have a standardized reporting system for responsible procurement and supply chain management. This required collaboration with suppliers to develop a standardized reporting template.
KPIs:
1. Ethical sourcing:
a. Percentage of suppliers adhering to the company′s code of conduct
b. Number of audits conducted on suppliers for compliance with ethical standards
c. Number of grievances raised and resolved
d. Percentage of suppliers trained on responsible procurement practices
2. Environmental sustainability:
a. Carbon footprint reduction in the supply chain
b. Percentage of suppliers certified for environmental management systems like ISO 14001
c. Use of sustainable materials in the production process
d. Reduction in water consumption by suppliers
3. Transparency and reporting:
a. Timeliness and accuracy of supplier reporting on responsible procurement practices
b. Percentage of suppliers with public sustainability reports
c. Number of corrective actions taken based on supplier performance
d. Supplier satisfaction with transparency of the company′s procurement and supply chain processes.
Management Considerations:
To ensure the long-term success of the SPM system, it is essential for ABC Corporation to regularly monitor and review the performance of their suppliers. This would provide insights into areas of improvement and opportunities to further enhance responsible procurement and supply chain management. The company should also consider providing incentives for suppliers who demonstrate outstanding performance in responsible procurement.
Additionally, it is crucial for ABC Corporation to communicate the importance of responsible procurement and supply chain management to its stakeholders and consumers. This would boost the company′s reputation and competitive advantage in the market.
Citations:
1. Whitepaper: Supplier Performance Management: Unlocking Value from Strategic Supplier Relationships by Deloitte.
2. Academic Business Journal: The Impact of Supplier Relationship Management Practices on Corporate Social Responsibility Performance by Chun-Wei Huang, Ming-Hung Shih, and Pei-Chen Peng.
3. Market Research Report: Global Supplier Performance Management Market Report by Mordor Intelligence.
Are you struggling to find the right questions to ask or prioritize your requirements? Look no further, because our Supplier Performance Management and Indirect Procurement Knowledge Base has got you covered!
Our knowledge base is designed to help you get results quickly and efficiently by providing the most important questions to ask based on urgency and scope.
With a database of 1572 prioritized requirements, solutions, benefits, and example case studies/use cases, our knowledge base is the ultimate tool for streamlining your supplier performance management and indirect procurement processes.
But that′s not all, our Supplier Performance Management and Indirect Procurement dataset stands out among its competitors and alternatives as the top choice for professionals in the industry.
Our product offers unparalleled depth and breadth of information and analysis, making it an essential resource for businesses of all sizes.
Not only is our product unbeatable in terms of its features and functionalities, but it is also affordable and user-friendly.
Whether you are a seasoned procurement professional or just starting out, our knowledge base is easy to use and can be a DIY alternative for those on a budget.
Moreover, our product offers a detailed overview of specifications, comparing different types of products to help you determine the best fit for your business needs.
We have extensively researched and analyzed the market to bring you the latest and most relevant information on supplier performance management and indirect procurement.
Investing in our Supplier Performance Management and Indirect Procurement Knowledge Base means investing in the success and efficiency of your business.
Don′t waste any more time and resources trying to figure out the best approach for supplier management and procurement - let our product do the work for you.
But don′t just take our word for it, try it out for yourself and see the results firsthand.
Our product has been praised by businesses and professionals alike for its effectiveness and ease of use.
And with our competitive pricing and detailed cost breakdown, you can be sure that you are getting the most value for your investment.
Say goodbye to endless research and trial-and-error approaches, and say hello to a streamlined and effective supplier management and procurement process with our Supplier Performance Management and Indirect Procurement Knowledge Base.
Upgrade your strategies and stay ahead of the competition - get your hands on our product today!
Discover Insights, Make Informed Decisions, and Stay Ahead of the Curve:
Key Features:
Comprehensive set of 1572 prioritized Supplier Performance Management requirements. - Extensive coverage of 229 Supplier Performance Management topic scopes.
- In-depth analysis of 229 Supplier Performance Management step-by-step solutions, benefits, BHAGs.
- Detailed examination of 229 Supplier Performance Management case studies and use cases.
- Digital download upon purchase.
- Enjoy lifetime document updates included with your purchase.
- Benefit from a fully editable and customizable Excel format.
- Trusted and utilized by over 10,000 organizations.
- Covering: RFP Management, Cost Containment, Contracts Administration, Supplier Consolidation, Strategic Sourcing Implementation, Sourcing Strategy, Procurement Metrics, Supplier Audits, Sourcing Process, Procurement Analytics, Category Strategy, Electronic Invoicing, Supplier Performance Tracking, Global Sourcing, Procurement Best Practices, Low Cost Country Sourcing, Supplier Information Management, Sourcing Models, Sourcing Governance, Supplier Management System, Supply Market Analysis, Invoice Automation, Supplier Feedback, Supplier Relationships, RFQ Process, Outsourcing Strategy, Indirect Procurement, Strategic Sourcing, Sourcing Events, Procurement Success, Expense Management, Sourcing Effectiveness, Category Management, Change Management, Procurement Technology, Business Process Outsourcing, Environmental Impact, Sourcing Intelligence, Procurement Outsourcing, Supplier Portals, Supplier Benchmarking, EDI Implementation, Market Intelligence, Supplier Compliance, Vendor Selection Process, Supplier Performance Management, Spend Under Management, Strategic Partnerships, Procurement Excellence, Procurement And Contracts, Operating Margins, Supplier Segmentation, Project Management For Procurement, Procurement Operations, Market Trends, Technology Strategies, Cost Savings, Invoice Reconciliation, Supplier Monitoring, Sourcing Strategy Implementation, Procurement Consulting, Procurement Goals, Spend Analysis Tools, Supplier Contracts, Procurement Benchmarking, Finance And Procurement Alignment, Category Management Process, Quality Control, Value Analysis, Sourcing Analytics, Site Interpretation, Sourcing Partnerships, Procurement Training, Procurement Performance, Strategic Sourcing Plans, Purchase To Pay, Contract Lifecycle Management, Purchase Requisitions, Supplier Evaluation, Supplier Collaboration, Purchase To Pay Process, Leveraging Technology, Transaction Processing, Inventory Management, Supplier Quality, Vendor Performance Management, Procurement Service Level Agreements, Spend Management, Tail Spend, Supplier Partnerships, Purchasing Strategies, Procurement Communication, Outsourcing Solutions, Supply Chain, Purchase Orders, Procurement Reporting, Invoice Validation, Procurement Contracts Management, Procurement Regulations, Procurement Compliance Management, Market Intelligence Tools, Supplier Market Analysis, Supplier Performance, ERP Procurement Department, Indirect Sourcing and Procurement BPO, Supply Chain Risk Management, Procurement Network, Supplier Surveys, Supply Base Management, Procure To Pay Process, Grid Flexibility, Supplier Databases, Spend Analysis, Travel Procurement, Procurement Policy, Supplier Data Management, Contract Management, Supplier Scorecards, Supplier Negotiations, Savings Tracking, Sourcing Evaluation, Procurement Guidelines, Invoice Verification, Contract Negotiation, Sourcing And Procurement Integration, Procurement Governance, Procurement Efficiency, Risk Management Strategies, Procurement Optimization, Procurement Risk Management, Procurement Software, Service Delivery, Electronic Ordering, Control System Engineering, Supplier Relationships Management, Supplier Performance Scorecards, Benchmarking Analysis, Accounts Payable, Global Procurement, Contract Administration, Procurement Systems, Management Systems, Invoice Exceptions, Contract Review, Procurement Lifecycle, Demand Planning, Procurement Process, Invoice Management, Supplier Onboarding, Vendor Evaluation, Vendor Management Software, Procurement Process Improvement, Cost Reduction, Price Analysis, Supplier Quality Management, Supplier Risk, Dynamic Sourcing, Sourcing Optimization, Procurement Ethics, Supplier Assessment, Business Process Redesign, Performance Metrics, Outsourcing Services, BPO Outsourcing, Supplier Identification, Spend Consolidation, Outsourcing Providers, Spend Visibility, Procurement Audits, Incubator Programs, Procurement Budget, Contract Negotiation Process, Supplier Diversity, Tail Spend Analysis, Management Reporting, Supply Chain Optimization, External Spend Management, Sourcing Solutions, Electronic Invoice Processing, Sustainable Sourcing, Vendor Management, Supplier Negotiation, Managed Spend, Procurement Automation, Procurement Maturity, Commodity Procurement, Invoice Processing Services, Automated Procurement, Negotiation Skills, Data Management, Sourcing Policies, Innovation Procurement, IT Staffing, Cost Optimization, Procurement Audit, Procurement Strategy, Reverse Auction, Indirect Spend Management, Procurement Transformation Strategy, Professional Development, Supplier Communication, Sourcing Strategy Development, Procurement Governance Framework, Sourcing Tools, Expense Management System, RFx Process, Contract Terms, Sustainable Procurement, Contract Compliance, Indirect Cost Reduction, Supplier Onboarding Process, Procurement Policies, Procurement Transformation, Total Cost Of Ownership, Supplier Performance Improvement, Printing Procurement, Sourcing Insights, Corporate Social Responsibility Goals, Total Productive Maintenance, Spend Analysis Software, Supplier Collaboration Tools, Vendor Risk Assessment, Sourcing Platforms, Supplier Due Diligence, Invoice Processing, Sourcing Efficiency, Compliance Management, Supplier Relationship Optimization, Spending Control
Supplier Performance Management Assessment Dataset - Utilization, Solutions, Advantages, BHAG (Big Hairy Audacious Goal):
Supplier Performance Management
Supplier Performance Management is the process of monitoring and evaluating suppliers′ performance in responsible procurement and supply chain management. This includes measuring areas such as sustainability practices, ethical standards, and overall efficiency in the supply chain.
1. Key Performance Indicators (KPIs): Measure supplier performance against specific targets to drive improvement and ensure compliance.
2. Supplier Scorecards: Provides a visual representation of supplier performance, highlighting areas of strength and weakness for better decision-making.
3. Contract Management: Tracks contract compliance, on-time delivery, and quality control to ensure suppliers are meeting their contractual obligations.
4. Audits: Conduct regular audits to assess supplier performance and address any issues, such as ethical or environmental concerns.
5. Continuous Improvement Plans: Collaborate with suppliers to create plans for continuous improvement in responsible procurement practices.
6. Risk Analysis: Monitor supply chain risk factors, such as supplier financial stability, to mitigate potential disruptions and ensure responsible sourcing.
7. Stakeholder Engagement: Engage with stakeholders to gather feedback on supplier performance, identify areas for improvement, and build stronger partnerships.
8. Training and Development: Provide training and resources to suppliers to support responsible procurement and supply chain management.
9. Sustainability Reporting: Require suppliers to report on sustainability metrics, such as carbon emissions and waste reduction, to track performance and drive accountability.
10. Supplier Diversity Programs: Encourage diversity in the supply chain to promote responsible procurement and support underrepresented businesses.
CONTROL QUESTION: What do you measure in terms of the performance in responsible procurement and supply chain management?
Big Hairy Audacious Goal (BHAG) for 10 years from now:
By 2030, our company aims to be a leader in responsible procurement and supply chain management. We will measure our performance by several key metrics, including:
1. Percentage of suppliers who have signed our Responsible Procurement Code of Conduct: Our goal is to have 100% of our suppliers commit to upholding ethical and sustainable practices in their operations.
2. Supplier Diversity: We will track the diversity of our supplier base, including minority-owned, women-owned, and small businesses, to ensure we are supporting and promoting a diverse supplier ecosystem.
3. Carbon footprint reduction: We will set a target to reduce our carbon footprint through responsible procurement practices, such as sourcing from local suppliers and using renewable energy sources.
4. Labor standards compliance: We will work towards ensuring all of our suppliers comply with fair labor standards, including decent wages, safe working conditions, and no forced labor.
5. Reduction in supply chain waste: We will aim to minimize waste in our supply chain by implementing circular economy principles and working with suppliers to optimize packaging and materials usage.
6. Transparency in supply chain: Our goal is to have full transparency in our supply chain, including traceability of raw materials, to ensure ethical and sustainable practices are being followed throughout our entire supply chain.
7. Ethical sourcing index: We will develop a comprehensive ethical sourcing index that measures our suppliers′ performance in areas such as human rights, environmental impact, and anti-corruption efforts.
8. Supplier satisfaction: We will survey our suppliers regularly to gauge their satisfaction with our responsible procurement policies and practices, and use their feedback to continually improve and innovate in this area.
9. Impact on local communities: We will track and report on the positive impact our procurement practices have on local communities, such as creating job opportunities or supporting community development projects.
10. Achieving certification: Our ultimate goal is to obtain certifications such as Fair Trade or B Corp that demonstrate our commitment to responsible procurement and supply chain management.
This ambitious goal will not only set us apart as a responsible and sustainable company, but it will also positively impact the lives of workers, communities, and the environment across our global supply chain. We are committed to continuously improving our practices and working towards a more responsible and ethical future for all.
Customer Testimonials:
"Kudos to the creators of this dataset! The prioritized recommendations are spot-on, and the ease of downloading and integrating it into my workflow is a huge plus. Five stars!"
"I`ve been using this dataset for a few weeks now, and it has exceeded my expectations. The prioritized recommendations are backed by solid data, making it a reliable resource for decision-makers."
"I am impressed with the depth and accuracy of this dataset. The prioritized recommendations have proven invaluable for my project, making it a breeze to identify the most important actions to take."
Supplier Performance Management Case Study/Use Case example - How to use:
Synopsis:
ABC Corporation is a multinational company that specializes in consumer goods. The company is committed to responsible procurement and supply chain management, ensuring ethical and sustainable practices in their sourcing and manufacturing processes. In recent years, ABC Corporation has faced various challenges in managing their supplier performance and ensuring responsible procurement. The company approached our consulting firm to help them develop a Supplier Performance Management (SPM) system that would enable them to measure the performance of their suppliers in terms of responsible procurement and supply chain management.
Consulting Methodology:
Our consulting methodology includes four main steps – assessment, design, implementation, and monitoring. The assessment phase involved a comprehensive review of the current procurement and supply chain processes of ABC Corporation. This included gathering information from key stakeholders such as procurement managers, supply chain managers, and sustainability officers. We also conducted interviews with a sample of the company′s suppliers to understand their perspectives on responsible procurement and supply chain management.
Based on the findings of the assessment phase, we designed a customized SPM system for ABC Corporation. The system consisted of key performance indicators (KPIs) that aligned with the company′s values and objectives for responsible procurement and supply chain management. These KPIs were categorized into three main areas: ethical sourcing, environmental sustainability, and transparency and reporting.
The implementation phase involved training and onboarding of the procurement and supply chain teams on the SPM system. We also provided support in integrating the system into the company′s existing procurement and supply chain tools and processes.
Deliverables:
1. Customized SPM system with KPIs: The SPM system developed by our consulting firm included a set of KPIs that were tailored to measure the performance of ABC Corporation′s suppliers in responsible procurement and supply chain management.
2. Training and onboarding materials: We provided training materials and onboarding resources to enable the procurement and supply chain teams to effectively use the SPM system.
3. Integration support: Our consulting firm provided support in integrating the SPM system with the company′s existing procurement and supply chain tools and processes.
Implementation Challenges:
1. Alignment with suppliers: One of the main challenges faced during the implementation phase was gaining the buy-in of the suppliers. It was crucial to engage and align them with the new SPM system to ensure its success.
2. Data collection and reporting: Gathering and analyzing data from suppliers proved to be a challenge, as most of them did not have a standardized reporting system for responsible procurement and supply chain management. This required collaboration with suppliers to develop a standardized reporting template.
KPIs:
1. Ethical sourcing:
a. Percentage of suppliers adhering to the company′s code of conduct
b. Number of audits conducted on suppliers for compliance with ethical standards
c. Number of grievances raised and resolved
d. Percentage of suppliers trained on responsible procurement practices
2. Environmental sustainability:
a. Carbon footprint reduction in the supply chain
b. Percentage of suppliers certified for environmental management systems like ISO 14001
c. Use of sustainable materials in the production process
d. Reduction in water consumption by suppliers
3. Transparency and reporting:
a. Timeliness and accuracy of supplier reporting on responsible procurement practices
b. Percentage of suppliers with public sustainability reports
c. Number of corrective actions taken based on supplier performance
d. Supplier satisfaction with transparency of the company′s procurement and supply chain processes.
Management Considerations:
To ensure the long-term success of the SPM system, it is essential for ABC Corporation to regularly monitor and review the performance of their suppliers. This would provide insights into areas of improvement and opportunities to further enhance responsible procurement and supply chain management. The company should also consider providing incentives for suppliers who demonstrate outstanding performance in responsible procurement.
Additionally, it is crucial for ABC Corporation to communicate the importance of responsible procurement and supply chain management to its stakeholders and consumers. This would boost the company′s reputation and competitive advantage in the market.
Citations:
1. Whitepaper: Supplier Performance Management: Unlocking Value from Strategic Supplier Relationships by Deloitte.
2. Academic Business Journal: The Impact of Supplier Relationship Management Practices on Corporate Social Responsibility Performance by Chun-Wei Huang, Ming-Hung Shih, and Pei-Chen Peng.
3. Market Research Report: Global Supplier Performance Management Market Report by Mordor Intelligence.
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