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For today’s vendor viewpoint we spoke with Nick Francis, Chief Technology and Marketing Officer (CTMO) at Commercial Value Management specialist Brooklyn Solutions. Within vendormanagement, there has been a significant change in the appetite for risk-related technology.
So, there's no limitation to the competitive sourcing process. T hese routine activities leverage integrated automated systems, enabling supplychainvisibility. Examples: framework agreements, Vendor-Managed Inventories. My Udemy course "Adaptive Sourcing: Agile Procurement in Practice."
For instance, if a supplier is using unethical sourcing techniques, like employing children, it could speak to what you condone as an organization. Robust and dependable data can help provide better supplychainvisibility and help leaders identify potential weak links. Learn More: VendorManagement Guide.
Accordingly, they can be retained as prime source in one category and back up source in the other categories. Sole source suppliers. These suppliers are essential to business success and as such must remain in the supply base. . That being said, you should never rely on a sole vendor for your procurement.
Raindrop Raindrop is one of a number of US procurement startups offering enterprise-level spend management platforms. At its heart is a source-to-pay suite offering a range of functionality, with a complete suite of cloud-based modules. FRDM FRDM is a software company specialising in supplychain risk management.
After a career as CEO, COO, President and Division Head of leading supplychain, manufacturing support, and after-market service organizations, he helps companies assess what they have, determine what they need, and decide what to do. Some parts were manufactured internally and most others were sourced around the world.
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