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 fully understand the process. When you think about the supply chain, you’re thinking about the entire process from start to […]
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 have with your suppliers and strategic partners. Supplier management is not talked about nearly enough as other procurement processes or management, yet it […]
Action Versus Worry About Your Supply Chain During the Corona Crisis Action Versus Worry About Your Supply Chain During the Corona Crisis There are certainly plenty of things to worry about during the current pandemic. Yesterday, Tyson Foods took out a full-page ad in the NY Times to warn about impending shortages in the supply […]
Supplier Engagement Surveys Made Simple A simple way to increase supplier engagement is to utilize your RFI tool. Most organizations list supplier engagement as a top goal. Motivated suppliers help your bottom line and organizational efficiency. If it is a headache to do business with your company, many suppliers will look for other business partners. […]
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 […]