Procurement Factors Other than Price that Impact Competitive Advantage Procurement professionals want to achieve measurable savings but there are many factors other than price that impact competitive advantage. As a buyer I love to get a very competitive bid for a product or service. Then I put my procurement hat on and list out the […]
Vendors are your security blanket when it comes to offering products to your customers. They are there when supply and demand rises, offering the products in a timely fashion and at the best prices so your company can stay in the black when it comes to operational expenses and sales profits. Building on a strong vendor relationship allows you to define the expectations you will have with the vendor and successfully manage your sourcing so those products flow unimpeded to their final destination.