article thumbnail

Supplier management KPIs

Taulia

That makes the performance of suppliers in your supply chain a large factor in optimizing the effectiveness of your broader operational strategy. For businesses in highly competitive environments, an optimized supplier management process that prioritizes supplier performance can mean the difference between success and failure.

article thumbnail

Supplier Motivation, A Key Component of Supplier Management

ivalua

This translates into a powerful lesson learned for Procurement: motivate your suppliers rather than merely manage them. This is a method medium-size companies have already integrated in their supplier innovation strategy. The post Supplier Motivation, A Key Component of Supplier Management appeared first on Ivalua.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Look at Direct v. Indirect Supplier Management in Three Industries

ivalua

Doug Keeley, Product Marketing Manager, Ivalua. The most fundamental spend categorization in Procurement is the line between direct and indirect spend, but one effort that transcends this split is supplier management. Indirect Supplier Management in Three Industries appeared first on Ivalua.

article thumbnail

Supplier Management Model: Avoid Supply Chain Disruptions

ProcurePort

Are you looking for a resilient supplier management model that will allow you to reduce supply chain disruptions? Chief Procurement Officers and their teams have been on edge now for over a year, operating as best as they can give the present circumstances, but it hasn’t been easy. You’re not alone.

article thumbnail

Factoring Risk & Business Continuity into Holistic Supplier Management

Jaggaer

This is an issue we discuss at some length in our recently published white paper, Holistic Supplier Management: Orchestrating the Procurement Function for Maximum Benefit. It is not the level of spend or the tier level of a supplier that makes it strategic to your business.

article thumbnail

What does the German Supply Chain Act Mean for Procurement?

ivalua

For procurement organizations, the German Supply Chain Act presents both challenges and opportunities. The new set of regulations add an additional layer of compliance and risk management to the procurement process. Further, it is essential that supplier management and data is holistic (i.e., Fines of up to €8 million .

article thumbnail

Making Procurement Autonomous: Embracing the Future in the Present

Jaggaer

. “Good procurement teams look for ways to develop new approaches to sourcing, supplier management, purchasing, and more.” However, rather than presenting a threat, it provides a massive opportunity for procurement professionals to take a more strategic role. Register now.