Procurement Tactics

OCTOBER 18, 2022

Supplier Relationship Management Software — Everything You Should Know. Supplier relationship management software is a very important factor for procurement managers to strengthen their relationship with their suppliers. However, what is this supplier relationship management software?

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

Spend Matters

JANUARY 15, 2024

As public procurement teams look for ways to increase their supplier pool, many are being required to prioritize local, veteran- and minority-owned business proactively within the procurement function. Effective contract administration is the last outcome of the S2C focus in public procurement.

Procurement solutions 101

Procurement solutions Procurement Contract administration Contract 101

ivalua

MAY 15, 2020

He focused initially on sourcing and category management, because that would give the biggest return on investment as the firm moved from contract administration, to tactical sourcing, to true CatMan and strategic sourcing. That also brought additional functionality in new areas such as risk, and supplier performance. “We

Procurement 130

Procurement Strategic sourcing Strategic sourcing Contract administration 130

Una

SEPTEMBER 1, 2022

Simply put, a group purchasing organization leverages the collective buying power of its members to secure discounted prices from suppliers and vendors. Healthcare GPOs are normally funded by administrative fees paid by vendors. On average, the contract administrative fee for healthcare GPOs ranges from 1.22% to 2.25%.

Purchasing 98

Purchasing Contract Price Contract administration 98

The Good Spending

JUNE 25, 2023

E.g. strategic sourcing is the methodology of leveraging purchasing power and selecting suppliers to achieve control and value. SRM optimizes supplier relations to improve supplier performance and reduce risks. I suggested the following response to the question, "Is the contract administrator a threat to the legal department?"

Contract administration 52

Contract administration Procurement Category management Contract 52

World of Procurement blog

JULY 27, 2021

Post-Signature Contract Management In the Post-Signature stage of Contract Management, there's a lot that your Business should be doing to extract value out of the contract especially if you want to realise those savings you "claimed" to have gotten at the pre-signature stage.

Contract management 52

Contract management Contract Management Contract administration 52

World of Procurement blog

JUNE 17, 2021

Contracts govern Businesses and you probably have not considered this. If you look at a Business, Contracts are interwoven throughout across Supply Chains and with a variety of customers and suppliers. That is why Contract Management is important. What is the Contract Management Process?

Contract management 52

Contract management Contract Management Contract administration 52