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What is the Importance of Supplier Relationship Management (SRM)?

QAD

Supplier relationship management falls under the larger supply chain management function your business requires to operate. Not to be confused with supplier risk management, supplier relationship management refers more to effectively managing supplier relationships to achieve better business outcomes.

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Procurement and Sustainability are Your Yin and Yang!

Supply Chain Game Changer

According to the 2020 Ovation Pulse, 92% of CPOs remain committed to their long-term goals. At the crossroads of sustainability, technology, and the broader supplier base lies smart, sustainable, and scaling supply chain growth; growth that comes with a balance of people, planet, and profitability in mind.

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Mitigate Supplier Risk with QAD SRM

QAD

The COVID-19 pandemic, the 2021 Suez Canal obstruction, natural disasters, wars, scarcity of semiconductors, the energy crisis in Europe…are all examples showcasing the need to better manage and monitor your supplier base. For example, Hyundai recently found a supplier utilizing child labor in the state of Alabama.

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Procurement Synonyms: All The Words You Need to Know in 2023

SCMDOJO

Read More: Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities ] Diversifying Your Business Lingo: Synonyms for Procurement What are the synonyms of procurement, you might wonder? Sourcing plays a crucial role in building strong supplier relationships and achieving cost-effectiveness in the supply chain.

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Why Are Enterprises Investing in Sustainable Supply Chains? 

Logility

What is transparency, according to the consumer? Today’s marketplace demands businesses invest in supply chain sustainability — your customers and investors are watching. Key Takeaways. Consumers Demand Sustainability and Transparency. Transparency is of prime importance to 86% of consumers.

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Balancing Life’s Disruptions by Forecasting within a Dynamic Supply Chain

QAD

Unlike other industries, manufacturing businesses can be extremely expansive and diverse. What Does Deloitte’s Recent Supply Chain Research Highlight? QAD adaptive solutions greatly reduce blockages within your standard operating procedures, training documents, suppliers, shipping requirements and production records.

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Build Resilient Supply Chains That Weather Disruptions 

Logility

Modern supply chains are complex, and what happens within them reverberates across the worldwide economy. In this blog, we’ll briefly explore some recent supply chain disruptors and how to build a supply chain that can effectively navigate the future. Mistaken assumptions were made that only exacerbated the problem.