Remove Sourcing Remove Supply Chain Visibility Remove Vendor relationships
article thumbnail

The Reality of Automation in Procurement!

Supply Chain Game Changer

It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. Improved Vendor Relationships. Today vendors have options and like to work with companies that value relationships. for each invoice. Supplier Management.

article thumbnail

Towards stronger, better supplier relationships in 2022

Zycus Cognitive Procurement

In light of this, enterprise leaders must keep their eyes peeled for healthy vendor relationships that will last beyond 2022. The era of the linear, traditional supply chain is long gone. In this blog, we will highlight some high-risk areas that need fixing and ways you can go about building better supplier relationships.

article thumbnail

5 Chilling Challenges Facing Procurement Today

Arkestro

After all, more data sources doesn’t necessarily mean better or cleaner data to strategize from. Supplier relationship management: Unarguably, humans are better at dealing with other humans than AI is. Interpersonal skills and trust building are key aspects of a supplier-vendor relationship that AI can’t yet replicate.