All posts in supplier management

Gain Procurement Excellence Through Supplier Relationship Management

Special thanks to Source One, a Corcentric company for this guest post. The role of the procurement function has changed and continues to evolve in today’s increasingly globalized and competitive market landscape. In the past, Procurement was responsible for the timely availability of products and services and accurately processing transactions. Through the implementation of category management and strategic sourcing initiatives, Procurement began rationalizing…

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Oil Prices are Declining, Time to Call your Suppliers to Negotiate

The declining price of oil (just under $60 a barrel as of today) has been a hot topic recently and a wide range of analysts are coming out of the woodwork with prognostications on where the price is headed and for how long. Don’t miss updates on Procurement & Supply Chain, Subscribe here! While all these so-called “experts” offer their…

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Seven Keys to Better Sourcing and Supplier Relationships

Today’s guest blog post comes from Roshnee Mistry who works with the content leadership team of Zycus on the “Seven Keys to Better Sourcing and Supplier Relationships”. In today’s competitive global scenario, to a large extent suppliers are your cornerstone to success. To remain competitive, it becomes necessary to source from the correct supplier. According to the Key Issues Study 2014 by…

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Definitions of Supplier Collaboration, Development, Management & Rationalization

I hope that you have enjoyed the article, “Supplier Collaboration, Development, More.” Don’t miss updates on Procurement & Supply Chain, Subscribe here! In the article, I defined four terms:  supplier collaboration, supplier development, supplier management, and supplier rationalization.  I would like to expand on the distinction between the first three terms here. You see, with supplier management (inclusive of, and…

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More Surprise Supplier Audit Ideas

I hope that you have enjoyed the article “Surprise Supplier Audits:  Pros, Cons, Ideas.” Don’t miss updates on Procurement & Supply Chain, Subscribe here! In the article, I’ve provided some ideas about how to best implement surprise supplier audits.  I am using this additional space to share even more ideas on the topic.  So here you go: The concept of…

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Will You Have An Early Warning That Your Supplier Is Going Bye-Bye?

I hope that you have enjoyed the article “How To Spot a Poorly Managed Supplier.” Don’t miss updates on Procurement & Supply Chain, Subscribe here! Life works in strange ways when odd coincidences happen. I had the above-linked article queued up for a few months, yet just today, one of our SPSM alumni contacted me asking for some guidance about…

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