I hope that you enjoyed the article “The Complete Supplier Management Strategy.”

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Ask yourself these questions:

  • Is the rest of my company as well-versed about our supplier mangement strategy as our procurement department? What about other departments that may be involved?
  • Do other departments know what we’re trying to accomplish and why?
  • When the strategy results in success, is the procurement department advertising it to the rest of the company?

The article stress that communication is a necessary ingredient to improve success with a supplier management strategy. As with any strategy your procurement department employs, you should first communicate what you are trying to accomplish and why and then follow-up with the results. You’ll find that other departments within your organization are more likely to support your strategy and help you to achieve even greater results in the future. Communication is the key here.

And if you want to learn more advanced supplier management strategies don’t forget to check out the free podcast at the end of the article.

To your career,

Megan Tyrseck, SPSM

Manager of Marketing, Communications and Operations

Next Level Purchasing, Inc.

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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