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Supplier Management

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Elegant and Simple Solution Eliminates Headaches and Minimizes Risk in Supplier Relationships

Elegant and Simple Solution Eliminates Headaches and Minimizes Risk in Supplier Relationships Most companies lack an automated tool that can minimize risk and eliminate headaches in supplier registration, on-boarding, and management.  Supplier registration is generally the last piece of the procurement system to be automated. The procurement group will typically employ a labor-intensive manual process […]

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Procurement Challenges Checklist – Are You Moving Forward or Treading Water?

Procurement Challenges Checklist – Are You Moving Forward or Treading Water? [et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”3.22″][et_pb_row admin_label=”row” _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text admin_label=”Text” _builder_version=”3.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”] This week I offer the most common challenges that are shared with me by procurement professionals. Most folks that contact me are: Grappling with a system […]

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Evaluating Supplier Performance

Evaluating Supplier Performance Imagine that you have been given the task of evaluating supplier performance in a key spend category. Let’s assume that there are two incumbents that have been in place for just over ten years. The product provided is used by every location in the company. There are tangible and intangible obstacles you […]

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What Should You Expect from Your Supplier Risk Management Program?

What Should You Expect from Your Supplier Risk Management Program? How effectively and efficiently is your risk management program helping you manage supplier risk? Supplier risk management is normally a top priority in most organizations. The initial challenge is typically identifying the risks. In my experience, determining the best method of continuously monitoring your suppliers […]

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Do You Have Enough Qualified and Motivated Suppliers Participating in Your Sourcing Events?

Do You Have Enough Qualified and Motivated Suppliers Participating in Your Sourcing Events? For most companies, finding a sufficient number of qualified suppliers is not the issue. Consistent participation is a bigger challenge. Do you continually chase suppliers to get them to respond to RFPs? If you do, then it might be time to look […]

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Collaboration with Vendors Can Yield Much More than Cost Savings

Collaboration with Vendors Can Yield Much More than Cost Savings Building a strong collaborative relationship with your vendors can deliver a lot more than cost savings. In my experience, every organization has vendors that it depends on. The best relationships can provide: Critical supply chain information on availability and other market issues Insight about new […]

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