Achieving supplier transparency in procurement is often challenging, but it’s a crucial step toward ensuring that your supply chain operates ethically and sustainably. In a world where consumers and stakeholders increasingly demand responsible practices, supplier transparency has become paramount. Here’s why it matters and what you can do to achieve it. The Challenge of Supplier […]
If you want to streamline your supplier evaluation process, increase supply chain efficiency, and reduce costs, building an ideal supplier scorecard is crucial. The supplier is a third-party vendor that provides goods, materials, and services to your organization. While it seems obvious to choose suppliers that are cost-efficient and easy to work with, rapid technological […]
How Supply Chain Management Can Mitigate the Effects of Inflation Rising inflation can certainly disrupt the supply chain. However, those following best practices for supply chain management can mitigate the effects of inflation and keep things under control. According to supply chain consultant Pierre-François Kaltenbach, the “supply chain drives inflation, [and] inflation drives change in […]
Why You Should Choose Companies with Green Supply Chains There is no denying that companies with green supply chains are becoming more and more the norm. A green supply chain reduces the harm that may occur at any stage of the procurement cycle—production, purchasing, logistics, material management, or distribution. It also contributes to reducing a […]
Global supply chain optimization is simply taking a closer look at and revamping your current supply chain to operate at its best. Your supply chain is the backbone of your business, no matter what role you play in purchasing and procurement. Global supply chain optimization requires solid supply chain management (SCM). So, what is supply […]
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 […]
Top 4 Considerations for Supplier Management Software Solutions 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 […]
How to Use Information Technology in Supply Chain Management 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 […]
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 […]