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...
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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...
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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...
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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...
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In all stages of the procurement process, there are risks. There is the supply chain in the overall big picture, of which procurement is involved. Suppose you think about the main purposes of procurement. In...
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Once upon a time, companies had to manage purchasing departments and procurement management as though it was the Dark Ages. Everything was done by hand—there were no computer software programs to help, there...
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What Is eSourcing in Supply Chain Management? If you work in procurement or the purchasing department, you’re already aware of how it works. However, it’s the rest of the organization that might not...
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What Is Strategic Supplier Management? Perhaps one of the toughest tasks of all in the entire supply chain and procurement process is mitigating the human factor and evaluating the relationships you...
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