I hope that you have enjoyed the article “Supplier Management: Make It Strategic.”

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It’s a busy business world. We all love shortcuts. If we can get things done the easy way, all the better.

We may face certain temptations with supplier evaluation and management programs. Some procurement professionals think: “If someone has launched a supplier management program before, why not just copy what they’ve done? Why reinvent the wheel?”

Well, the problem is that your organization might not need a “wheel” for its supplier management program. It might need the equivalent of an ice skate or even “magnetic levitation.” OK, if you don’t get the analogy, then let me say it simply: what’s good for another company may not be good for yours.

To make a supplier management program truly strategic, it has to be linked to improvement of the measurable performance of the overall organization – not just the procurement department. That requires that you craft the program very, very specifically to your organization. As simple as this sounds, it is the reason that such little budget is granted to supplier management projects; too few procurement departments ensure that strategic alignment.

The bottom line is that what other companies have done is not the end point for your supplier management program. It is the beginning point if you want to make it strategic.

To Your Career,
Charles Dominick, SPSM, SPSM2
President & Chief Procurement Officer
Next Level Purchasing, Inc.
Struggling To Have A Rewarding Purchasing Career?
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Next Level Purchasing . com

Charles Dominick, SPSM, SPSM2, SPSM3

Charles Dominick, SPSM, SPSM2, SPSM3 is an internationally-recognized business expert, legendary procurement thought leader, award-winning entrepreneur, and provocative blogger. Charles founded the Next Level Purchasing Association in 2000, oversaw its incredible growth, and successfully led the organization to its acquisition by the Certitrek Group in 2016. He continues to blog and provide advisory services for the NLPA on a part-time basis as he incubates his upcoming business innovations. Charles is also the co-author of the wildly popular, groundbreaking book, "The Procurement Game Plan: Winning Strategies & Techniques For Supply Management Professionals."

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