Demystifying Transportation Sourcing 9/2/2021 – Guest Blog Post from Kumar Kannan of Procural If you are like me, transportation sourcing is a mind boggling and complex field. My colleague Dave Uncapher used to do some magic and deliver savings (and sometimes he did not!). So, I thought why not pick his brains and demystify this […]
Effectively managing your suppliers is an integral part of the procurement process (and important to the entire supply chain as well). Management doesn’t refer to suppliers being “under” you but instead refers to managing vendor transactions and cultivating good relationships with your third-party vendors or suppliers. Without goods and services, nothing can be produced, which […]
Before the Internet was a vital tool in business, the supply chain was a much different place than today. It was slow-moving, achieving the result (product or service) took a much longer time, and dealing with suppliers was a much different story. However, the use of information technology in supply chain management has streamlined the […]
What Are Strategic Suppliers? In the world of procurement management, one thing that’s a given is working with suppliers. One of the most important sourcing and procurement techniques is working with strategic suppliers and ensuring that you have a good relationship and understanding with this supplier base because this has a lot to do with […]
Top 5 Sourcing and Procurement Techniques With sourcing and procurement, a solid strategy is essential to ensure that your ROI is strong, your relationships with your suppliers are doing well, and that your team appropriately supports your stakeholders and company’s overall goals andobjectives. Sourcing and procurement in supply chain management play some of the most […]
How Do You Develop Strategic Relationships with Suppliers? One of the most significant pieces when it comes to sourcing and procurement solutions is your suppliers. As you procure goods and services, you will have different levels and types of suppliers, and not all of them will be at the same strategic level, including the most […]
Contract Management 101: The Best Contract Management Systems Sourcing and contract management is one of the biggest pieces of the puzzle when it comes to procurement, and managing your contract management system well is important. Now that most procurement systems are automated, the most common way to manage contracts is by using procurement contract […]
5 Benefits of Global Sourcing in Supply Chain Management The importance of quality in supply chain management is undeniable. When the topic of global sourcing comes up, procurement managers often balk at global sourcing in supply chain management because they worry they will have to sacrifice quality or delivery when using global suppliers. While it […]
The Importance of Using Supply Chain Management Software in Procurement The importance of using supply chain management software is notable because of the importance of the supply chain itself. When you’re trying to control the entire procurement process within the supply chain, you want to make sure that you have the best software for your […]
How to Optimize the Reverse Auction Process Just like it sounds, a reverse auction is the opposite of that of a regular auction. If you’re wondering, “what is an e-reverse auction?” it is a step in the procurement process where sellers compete against each other to sell you their product or service as opposed to […]