Integrated Supplier Management Boosts Performance

QAD

The disruption caused by the COVID-19 pandemic has certainly increased the awareness among manufacturers for improved communication and collaboration with suppliers. Manufacturers require integrated supplier management to ensure the timely flow of goods and information.

Supplier Motivation, A Key Component of Supplier Management

ivalua

Convinced that their sizes and brands will attract suppliers anyway, they entrench themselves behind the gates of rigid procurement processes. This multi-channel strategy tailored to suppliers’ capabilities is what differentiates best-in-class from a peer group as a report from The Hackett Group reveals. This translates into a powerful lesson learned for Procurement: motivate your suppliers rather than merely manage them. Why would it be different for suppliers?

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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. Supplier management is not talked about nearly enough as other procurement processes or management, yet it is still a critical aspect of the entire chain. Lastly, there are your vendors or approved suppliers.

Factoring Risk & Business Continuity into Holistic Supplier Management

Jaggaer

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. Organizations, it seems, are getting better at managing their immediate (tier 1) suppliers. Incidents involving tier 1 suppliers fell below 50% for the first time since 2016 (48.9%). Tier Suppliers.

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. This includes supplier information management, supply chain risk management/mitigation, and supplier performance management. Who is the supplier, who are the points of contract, what are the terms of service or delivery?

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

ivalua

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. Apple’s sourcing and supplier management practices are under a constant microscope and have certainly taught us many valuable lessons including: The importance of keeping your supply chain as simple as possible. The need to demand supplier transparency and responsibility.

What are the Key Components of Successful Supplier Management?

HICX Solutions

Here at HICX we are championing the importance and value of evolved supplier management. Evolved supplier management focuses on moving beyond mere strategic sourcing and category management, and instead encouraging organisations to think differently about how they work with their suppliers. In this blog we take a look at the key components of supplier management , starting with… 1. Supplier 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.

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

ivalua

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. Through strong supplier management, you hold a key to helping your company tap into a much larger brain trust that extends beyond their own walls.

Supplier Management Through a Vendor Portal

TPSynergy

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. Portals allow the supplier to have a high degree of autonomy. Inquiries that would have taken days or even weeks through a lengthy process of calls and emails is instead done by the supplier in a few clicks.

5 Pillars of Effective Supplier Management

Claritum

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. Supplier Risk, Diversity and Compliance Management. Supplier Relationship Management. 1 Supplier Information Management. 2 Supplier Lifecycle Management.

How to Strengthen Your Supplier Management Strategies

Jaggaer

The post How to Strengthen Your Supplier Management Strategies appeared first on Jaggaer.

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

ivalua

Which got me to thinking… If you are a manufacturer, what supplier management practices might you eliminate if you had a clean slate? Here are some to consider: Segmenting suppliers by spend – By segmenting on total spend, and only focusing on those who you are spending the most with, glaring gaps open up. 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

Jaggaer

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. Supply chains are multi-tiered and therefore difficult to manage. For these and many other reasons, the role of purchasing and supplier management is highly strategic in the fashion industry.

Italy 40

Scottish Councils Deliver Streamlined Contract and Supplier Management

Jaggaer

“The automation has streamlined the Council’s contract management and supplier performance processes and as such we feel that this has increased our business efficiency and improved internal and third-party collaboration by reducing operating expenses.” – Tommy Burns, Procurement Project Officer – East Ayrshire Council. B oth councils adopted JAGGAER’s contract lifecycle management software , which complemented their use of (public contracts Scotland) PCS-Tender.

Collaboration will drive future sourcing and supplier management success

ivalua

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. And as time passed, this critical talent has evolved well beyond the ability to squeeze vendors and suppliers down to the lowest price. But collaboration is not reserved for suppliers.

Solving the Procurement Data Dilemma: Using supplier data to drive successful relationships

HICX Solutions

Richard is professor and chair in Supply Chain Strategy at Cranfield University and has had a very distinguished career, both in Procurement and supply chain management.

Data 52

Solving the Procurement Data Dilemma: Using supplier data to drive successful relationships

HICX Solutions

Richard is professor and chair in Supply Chain Strategy at Cranfield University and has had a very distinguished career, both in Procurement and supply chain management.

Data 52

Collaboration Will Drive Future Sourcing and Supplier Management Success

ivalua

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. And as time passed, this critical talent has evolved well beyond the ability to squeeze vendors and suppliers down to the lowest price. But collaboration is not reserved for suppliers.

The Importance of Using Supply Chain Management Software in Procurement

EC Sourcing Group

The importance of using supply chain management software is notable because of the importance of the supply chain itself. Read on to learn more about types of supply chain management software and how to pick the best type for your company’s needs. . Contract management.

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

CHAINalytics

At this point, most … The post Managing Your European Supply Chain Network: Tactical Responses to the Coronavirus Pandemic appeared first on Chainalytics. Blog Supply Chain Consulting Supply Chain Design distribution planning Flow Path Optimization Production Planning Scenario Planning strategic network design supplier management Supply Chain Network Design supply network planningCOVID-19 is testing the resiliency of supply chains worldwide and particularly in Europe.

5 Tips When Using Inventory Management Software

ProcurePort

Without inventory management, businesses, economies, and societies would descend into chaos. Inventory management is one of the most crucial elements in developing strong and resilient supply-chains that aren’t affected by the volatile marketplace. Supplier Management

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

The Secret to Effective Supplier Onboarding – Tiering 

ivalua

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.

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

Jaggaer

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. Strategic Supplier Management. Supplier ecosystems are increasingly diverse. Strategizing for a diverse range of suppliers. Holistic Supplier Management.

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

ivalua

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. If you are successful, your suppliers will be successful, and vice versa. Source the right suppliers and set a good foundation from the first steps to build trust and foster innovation.

Altering the When, How and Why of Supplier Information Management

ivalua

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. Procurement knows supplier information is useful and important, and that it needs to be cleansed and standardized after we collect it. It does not tell us much about the suppliers.

Disruptions are Inevitable – Do You Have a 360° View of Your Suppliers?

Jaggaer

It’s arguably never been more important to have a 360° view of your suppliers than it is right now. Some of these issues could’ve been avoided, or at least minimized with a stronger supplier strategy. Covid-19 exposed one glaring hole in many organizations’ supplier ecosystems.

Introducing QAD Adaptive ERP 2020.1

QAD

For QAD Adaptive ERP and QAD Adaptive Applications, the latest enhancements include: Effective Enterprise Management. Complete Customer Management. Integrated Supplier Management. business intelligence erp Integrated supplier management R&D september 2020 release

Supply Chain and Risk Management Software

EC Sourcing Group

It’s always a good idea to have human thought behind some evaluation, but having supply chain and risk management software can also be a benefit to help you identify and analyze risks more thoroughly. Supply Chain and Risk Management Software : Identifying Risk.

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

ivalua

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. Unlike industries such as retail and professional services, which start by managing indirect spend and then gradually transition to influence directs, most procurement teams in the automotive space take a direct-spend first approach.

Solving the Procurement Data Dilemma: The future of technology in Procurement

HICX Solutions

So, if we think about low value or low risk spend, these bots are able to interact and negotiate in a simple way with suppliers, to deliver value.”. Nic points out that much of our focus today is on the tier one, or most significant suppliers.

Solving the Procurement Data Dilemma: The future of technology in Procurement

HICX Solutions

So, if we think about low value or low risk spend, these bots are able to interact and negotiate in a simple way with suppliers, to deliver value.”. Nic points out that much of our focus today is on the tier one, or most significant suppliers.

4 Experts Breakdown Supplier Risk & Strategy Tips

Jaggaer

Now that our first webinar , ‘Do You Have a 360° Degree View of Your Suppliers?’, in our 2020 Fall Webinar Series is now over, we wanted to share our takeaways with you. What is your supplier risk priority? Do you have a formal risk management program in place?

Forgotten About This in Your Annual Supplier Meetings?

Jaggaer

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.