Remove Buyers Remove Contract Remove Demand Planning
article thumbnail

ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain

ivalua

Additionally, a purpose-built solution will enable you to measure and monitor buyer adherence to compliance purchasing, ensuring your team is taking advantage of preferred items and reaping the rewards of the contracts you have in place. Demand planning capabilities.

article thumbnail

The Big Interview with Lorna Baker

Procurement Heads

Procurement at Futures involves negotiating and renegotiating contracts for all goods, works and services. We’re responsible for the supplier management and then supporting the business in contract management as well. We’re a point of escalation, for dealing with issues and supporting through the exit of contracts.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Role of IT in Supply Chain!

Supply Chain Game Changer

Supplier Relationship Management (SRM) involves relationships between buyers and sellers or manufacturers and suppliers. Doing so clearly indicates how well each supplier meets their obligations, so you can negotiate contracts with those who need to improve. Demand Planning. Supplier Relationship Management.

article thumbnail

Building Stronger Relationships: Effective Approaches to Multi-Tier Supplier Collaboration

Jaggaer

Following a forecast to suppliers, a Tier-1 supplier collaborates with its suppliers—Tier 2 for the buyer—to obtain critical components for producing products and/or services. The strong handshake made with Tier-1 in the initial onboarding phase—complete with profile information—makes collaborating with first-tier suppliers easier.

article thumbnail

Supply Chain Visibility – An Overcomplicated Challenge!

Supply Chain Game Changer

would demand its implementation. I’ve worked for major manufacturers in CPG, Automotive, and Defense Contracting, and I can honestly say that some of the largest organizations are nowhere near accomplishing this. Buyers and expeditors alike tend to place Purchase Orders with suppliers and then check the box as if the task is complete.

article thumbnail

What is a Sourcing Agency and How does it work?

SCMDOJO

Sourcing agencies excel in handling these intricacies, ensuring a smooth and efficient flow of products from supplier to buyer. Proficient in Supply Chain Management, he specializes in Supplier Evaluation and contract Creation and acts as an adept Sourcing Agent.

Sourcing 104
article thumbnail

Critical differences between IT procurement and legacy sourcing

The Good Spending

The added value here is multifaceted – a single supplier responsible for the entire process and able to optimize it, a single contract instead of several contracts (equipment supply and warranty support, purchase of consumables, maintenance), avoidance of storage costs and working time of own staff, etc.