Remove Management Remove Strategic buying Remove Suppliers
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What if Your Supplier Had a Yelp Review?

Supply Chain Game Changer

What is Supplier Relationship Management (SRM)? Going out to eat, in essence, starts with a mini ‘supplier’ evaluation; gathering information, processing information, evaluating your options, and making a (team) buying-decision based upon the data at hand (other diner’s opinions, reviewed performance, accolades, etc.)

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Here is an example of a potentially great and unexpected procurement solution suite!

Procurement Insights

AdaptOne Overview: A supplier management platform focused on diversity, risk, and compliance, often integrated with S2P suites like Coupa or SAP Ariba. Unique Benefits: Supplier Diversity and ESG: Tracks and promotes diverse suppliers (e.g., Could diversify 20-30% of Chevrons supplier base, mitigating geopolitical risks.

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Mintec Versus Beroe: Are AI COG Savings Real And Sustainable Beyond Year One

Procurement Insights

In other words, like secret recipes and other competitive advantages, actual data-driven savings through more strategic buying decisions are a closely kept secret. Using Mintec data in supplier negotiations, they can control price inflation and reduce proposed price increases across branded and private-label goods.