Supplier Motivation, A Key Component of Supplier Management


Convinced that their sizes and brands will attract suppliers anyway, they entrench themselves behind the gates of rigid procurement processes. This translates into a powerful lesson learned for Procurement: motivate your suppliers rather than merely manage them.

What Is Strategic Supplier Management?

EC Sourcing Group

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. Strategic supplier management.

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Factoring Risk & Business Continuity into Holistic Supplier Management


What is the optimal way to categorize your suppliers so that you can manage them better and maximize business continuity? The report, therefore, provides a very useful insight into supply chain management and resilience from the perspective of this community. Tier Suppliers.

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


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.

Supplier Management: what is it and why is it important?

HICX Solutions

“The objective of supplier management is to ensure that all contracts with suppliers support the needs of the business.” At first glance, supplier management seems like an easy thing to sum up. What is supplier management?

What has been Apple’s greatest impact on supplier management? The answer may surprise you.


Apple has long been known as a leader in supply chain management with Gartner consistently ranking them number one in its annual report identifying the Top 25 Supply Chain Leaders. The need to demand supplier transparency and responsibility. Blog Featured Supplier Management

Why Strategic Sourcing and Supplier Management Can Make or Break Your Customer Experience


They build strong supplier relationships to deliver on-time, high quality products and meet capacity demands. Given that sourcing and supplier management teams are responsible for building and maintaining supplier relations, they also have the opportunity to drive innovation.

Your Procure-to-Pay Suite Won’t Cut It For Supplier Management – Here’s Why

HICX Solutions

One of the most common scenarios is to have the P2P system become the master for supplier data and the single portal for all suppliers to the business. Firstly, suites aren’t designed for the huge variety in the supplier base. Sure, suppliers have in common that they sell you products or services and you pay them, but that’s about where the commonality ends. This has significant implications for who can add or modify what data relating to the supplier.

Supplier Management Through a Vendor Portal


Along with your customers, suppliers and purchasing agents need the same level of info just as fast. The fastest and most cost-effective way to implement this is with a supplier vendor portal. Here are some of its benefits: SUPPLIER SELF-SERVICE. CHANGE MANAGEMENT.

5 Pillars of Effective Supplier Management


This article focuses on effective supplier management. The five pillars of effective supplier management covered in this article are: Supplier Information Management. Supplier Lifecycle Management. Supplier Performance Management.

If you had a clean slate, what supplier management practices would you eliminate?


Which got me to thinking… If you are a manufacturer, what supplier management practices might you eliminate if you had a clean slate? Are there suppliers that you spend less on who could become the cornerstone of your product?

Supplier Management and Sourcing in the Fashion Industry – Under the Spotlight


More than virtually any other sector, sourcing and supplier management in the fashion industry have been exposed to intense scrutiny in recent years, while the functions have become of increasingly strategic importance to business success.

Scottish Councils Deliver Streamlined Contract and Supplier Management


B oth councils adopted JAGGAER’s contract lifecycle management software , which complemented their use of (public contracts Scotland) PCS-Tender. The Council made a strategic decision to implement JAGGAER’s contract lifecycle management software across its whole contract portfolio.

Collaboration will drive future sourcing and supplier management success


Historically, if you asked sourcing leaders to name the one competency they felt they needed their procurement and sourcing teams to master in order to achieve ongoing sourcing and supplier management success, most would likely have said negotiation skills.

Collaboration Will Drive Future Sourcing and Supplier Management Success


Historically, if you asked sourcing leaders to name the one competency they felt they needed their procurement and sourcing teams to master in order to achieve ongoing sourcing and supplier management success, most would likely have said negotiation skills.

Managing Your European Supply Chain Network: Tactical Responses to the Coronavirus Pandemic


At this point, most … The post Managing Your European Supply Chain Network: Tactical Responses to the Coronavirus Pandemic appeared first on Chainalytics. COVID-19 is testing the resiliency of supply chains worldwide and particularly in Europe.

Companies Are Wildly Overestimating Their ‘Digital Maturity’ in Supplier Management

Supply Chain Brain

When it comes to assessing progress toward digital transformation of the procurement function, a lot of companies appear far less advanced than they think they are

What Makes a Supplier “Strategic”? Not Spend Volume.


The recent disruptions to supply chains caused by the coronavirus epidemic in China have given supply managers the world over pause for thought. Leverage your supplier management for maximum benefit with the white paper: How to Achieve Holistic Supplier Management.

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Unlocking Innovation from Your Supply Chain – Lessons from Formula 1 Racing


Afrika Morris, Senior Field Marketing Manager UKI at Ivalua. F1 Veteran, Mark Gallagher highlighting the impact of supplier innovations on pit stops – resulting in team success. Adopt a Collaborative Approach – Embrace suppliers as partners, not vendors.

Altering the When, How and Why of Supplier Information Management


Supplier information is typically viewed by procurement organizations as one of two things. It is either a data input, such as what we gather and use in spend analysis, or it is a process by-product, such as the information we gather from prospective suppliers during strategic sourcing.

Hitting The Brakes On Out Of Control Supplier Master Data W/ Cyrille Naux


Managing Director, Art of Procurement. If this foundation does not exist or if it is shaky, then buyers don’t know how much the company is spending with a given supplier, let alone how they can improve the efficiency or impact of a given spend category. Supplier Management

The Secret to Effective Supplier Onboarding – Tiering 


One size does not fit all when it comes to supplier onboarding. Best practices have evolved to a tiered approach that segments suppliers and adapts to dynamic business needs. . A tiered approach to supplier onboarding helps Sourcing and Procurement leaders develop a sensible list of checks and resources. Among other things, this prevents redundancies when suppliers get asked the same questions by multiple departments. . Onboarding High-Value Suppliers.

Identifying and Mitigating Supply Chain Risk in the Age of COVID-19


To learn more about how supplier management can help navigate turbulent times, download our Holistic Supplier Management whitepaper. How can we look at s upply c hain risk management more critically ami d COVID -19 , and react quickly ? Supplier Managemen

Navigating COVID-19: Mid-term Procurement Strategies for a Managing the Crisis


According to the Financial Times , over 3,300 suppliers in China received force majeure certificates in February alone. It’s also important to develop recovery plans with your suppliers and make sure that they’re clearly outlined in contracts. Connect Suppliers Digitally.

AI for Better Supplier Collaboration: First, Get Your Data in Order


The result has been isolated applications, e.g. for supplier management and for P2P working in parallel with siloed data sets and limited or no synergy. Another disadvantage is that suppliers see little or no value. Automated compliance management.

Forgotten About This in Your Annual Supplier Meetings?


With 2020 well and truly begun, the timely question of whether you’ve had you had your annual supplier meetings yet, or not, springs to mind. If you haven’t, do your suppliers know what you expect from them? Orchestrate your supplier management for maximum benefit. Download the white paper, “ How to Achieve Holistic Supplier Management.”. See a supplier meeting as an opportunity. It can also show information about supplier performance.

Coronavirus Highlights Fragility of Global Supply Networks


In the auto industry, China is the world’s major supplier of parts. The world ’ s largest automotive supplier, Bosch, also produces in China , including Wuhan. Flexible and holistic supply management will be key. . Flexible and holistic supply management will be key. .

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Supplier Data Comes of Age: The Benefits of Knowing Your Suppliers

HICX Solutions

Just who are my suppliers ? Look into a supplier database and you might find ‘FedEx’ and ‘Federal Express’ listed as two separate entries. Are there really three suppliers? Or is there one supplier, with two – or maybe three – operating units?

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What You Really Need To Know About Your Suppliers – And Why

HICX Solutions

The importance of structured and effective supplier management has increased for major organisations over the years. The regulatory and compliance burden has increased in recent years in terms of organisations needing to understand much more about their suppliers and supply chain.

Corporate Sustainability: Why Procurement Should Pave the Way


Get the details on building sustainable supplier relationships. “Businesses saw over $1 trillion in financial impacts as a result of environmental risks as reported by suppliers.” Looking at suppliers as individuals may prevent you from seeing the forest for the trees.

Why An Holistic Approach to Suppliers? Your Questions Answered


Last week, Director of Product Management Georg Rösch hosted a webinar that asked the question, “Why is it important to take a holistic approach to supplier management?” It’s just another example of suppliers becoming a larger and larger part of every business. .

Stop Settling!


Blog Direct Materials Featured Supplier ManagementI love the series of DIRECTV ads featuring the Settlers, that determined, frontier era family who is living in the suburbs, but refuses to adopt more modern conveniences.

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Single Suite vs Best-of-Breed: Sorting Myths From Reality

HICX Solutions

Nic Walden, a senior advisor in The Hackett Group’s procurement advisory program, says that while an all-in-one package may offer more across the board, “if you need to be the best in supply chain risk management then a best-of-breed solution in that area might actually be better for you.”

‘New’ Supply Chain Sustainability

All Things Supply Chain

The Sustainable Supply Chain Foundation defines sustainable supply chain management as “integrating environmentally and financially viable practices into the complete supply chain lifecycle, from product design and development, to material… Supply Chain Management financial technology fintech supplier management

Artificial Intelligence to Improve Decision-Making in Procurement


Some of these are supported by artificial intelligence, for example to map inbound supplier invoices for automated data entry. These data sources typically include the end-customer’s approved supplier network, third party supplier networks and private company information supplier networks.

What is the Best Supplier Vetting Process?

Supply Chain Game Changer

Strategic Supplier Relationship Management – Do’s and Don’ts. Does your business rely on at least one supplier? Or do you need multiple suppliers in order to perform your daily operations? Set Up Your Supplier Selection Criteria. Subscribe Here!

How Europe is Coping with Supply Chain Disruption


“It’s good to hear that suppliers filing for bankruptcy is not one of the most common impacts you’re seeing right now.” The broader issue is that border controls and travel bans limit the ability of supply managers to identify and qualify new suppliers.