Supply Chain Dive

SEPTEMBER 30, 2022

The retailer is prioritizing vendor relationships following reports of suspended shipments.

Vendor relationships 107

Vendor relationships Suppliers 107

Spend Matters

NOVEMBER 7, 2024

Tasked with navigating the complexities of third-party risk within a legacy environment, I quickly realized the significant challenges posed by technical debt, outdated contracts and identifying business owners responsible for existing vendor relationships.

Supply Chain Efficiency 111

Supply Chain Efficiency Risk management Real-time Visibility Ethics 111

ivalua

DECEMBER 20, 2019

One size does not fit all when it comes to supplier onboarding. Best practices have evolved to a tiered approach that segments suppliers and adapts to dynamic business needs. . A tiered approach to supplier onboarding helps Sourcing and Procurement leaders develop a sensible list of checks and resources.

Suppliers 100

Suppliers Contract Vendor relationships Innovation 100

Supply Chain Brain

SEPTEMBER 2, 2020

Supplier onboarding is about creating smooth and manageable processes to develop strong buyer-vendor relationships — the kind that result in improved outcomes for all parties involved.

Suppliers 81

Suppliers Vendor relationships Buyers Management 81

ProcurePort

JANUARY 9, 2024

In business, organizations rely on vendor relationships to shape their success. These relationships are complex and important for operations. Managing these relationships efficiently is no longer a choice but a strategic imperative.

Vendor management 130

Vendor management Vendor relationships Management Networking 130

ivalua

SEPTEMBER 10, 2019

2 Supplier count – How many suppliers you have for different spend categories reflects your overall procurement health. Too many suppliers in one category may mean it’s time to simplify or negotiate better pricing with fewer vendors. On the other hand, relying on a limited number of suppliers introduces risk.

Vendor relationships 140

Vendor relationships Suppliers Negotiation Data 140

TYA Suite

OCTOBER 27, 2024

Strong vendor relationships are essential for operational success in the fast-paced corporate world of today. This comprehensive guide explores what procurement management software is, its key features, its role in vendor relations, its integration with business processes, and the benefits it offers.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

Procurement Tactics

MAY 24, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Vendor Scorecards — Everything You Should Know Vendor scorecards simplify vendor management and are an important factor in monitoring supplier performance. What Are Vendor Scorecards?

Supply Chain Efficiency 186

Supply Chain Efficiency Vendor management Negotiation Quality 186

Procurement Tactics

AUGUST 9, 2022

Selecting a Vendor — The Ultimate Guide of 2022. Selecting a vendor is not an easy task for each organization. It requires a lot of factors before choosing a potential supplier. In the field of procurement, the procurement department of each organization has its own way of selecting a vendor. . What is a Vendor?

Vendor relationships 130

Vendor relationships Quality Price Bidding 130

ivalua

JUNE 29, 2020

For example, unique workflow and fields in a requisition to capture doctor, patient, product serial numbers & procedure details and route specific product types to specialized buyers/suppliers. Perhaps an increase in self-contracting activities to provide more visibility into and control of vendor relationships. .

Agile and Lean Supply Chain 219

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 219

Procurement Tactics

JUNE 28, 2023

It typically looks for details such as supplier information, item descriptions, quantities, prices, or arrival dates. Supplier Performance The quality, timeliness, and adherence to contractual commitments of suppliers shall be monitored. This approach promotes efficiency throughout the whole procurement process.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Procurement Tactics

JULY 18, 2022

According to the Oxford learner’s dictionary , procurement is the possession of obtaining suppliers, especially the government and private organizations. . Focuses on creating long-term vendor relationships. Focuses on transactions than vendor relationships. This includes equipment, office supplier, and utilities.

Procurement 130

Procurement Negotiation Vendor relationships Purchasing 130

Procurement Insights

FEBRUARY 27, 2025

Procurement here is about optimizing whats already inside: managing internal resources, streamlining vendor relationships, and keeping costs in check. Its the broader network of partners, suppliers, customers, and even competitors that the business interacts with. The focus is on efficiency and control.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Optimization Procurement Supply Chain Efficiency 52

Planergy

FEBRUARY 24, 2025

How AP can improve relationships with your key suppliers. It involves long-term planning, vendor relationship management, and aligning procurement decisions with institutional goals. How to capture early payment discounts and avoid late payment penalties.

Procurement 52

Procurement supply chain budgeting Supply Chain Efficiency Budget 52

TYA Suite

JANUARY 27, 2025

One effective way to enhance the efficiency of your AP team is by implementing a vendor portal. A supplier portal streamlines interactions between your business and its suppliers, automates repetitive tasks and ensures smooth operations. With a supplier portal, invoices are submitted electronically and processed automatically.

Vendor management 40

Vendor management Vendor relationships Contract Suppliers 40

Zycus Cognitive Procurement

FEBRUARY 14, 2022

One such thing is your suppliers and their ability to provide as and when needed. Becoming complacent with these relationships is all too easy and costly. You not only miss out on opportunities but also risk major setbacks due to possible supplier disruptions. Why now, you may ask. Why now, you may ask.

Suppliers 52

Suppliers Supply Chain Efficiency Supplier relationship management Vendor relationships 52

ivalua

NOVEMBER 10, 2020

e Procurement has been part of the technology footprint in many states for decades, to reduce cycle times, streamline processes, and collaborate with suppliers. . Step 2: Use e Procurement systems for vendor relationships . The tools should also be accessible by partners and suppliers through a common procurement portal.

Procurement 130

Procurement Real-time Visibility Contract Sourcing 130

ivalua

NOVEMBER 10, 2020

eProcurement has been part of the technology footprint in many states for decades, to reduce cycle times, streamline processes, and collaborate with suppliers. . Step 2: Use eProcurement for vendor relationships . The tools should also be accessible by partners and suppliers through a common procurement portal.

Sourcing 130

Sourcing Eprocurement Real-time Visibility Contract 130

Procurement Tactics

AUGUST 19, 2022

You will also know how important vendor management is for the organization to manage its suppliers. . What is Vendor Management? For starters, vendor management is used to describe the processes used to manage their suppliers or vendors. . Paying in time can foster good vendor relationships. .

Vendor management 130

Vendor management Management e2e Negotiation 130

Procurement Insights

JANUARY 3, 2025

20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. Analytics and insights from procurement data were minimal.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

Supply Chain Game Changer

NOVEMBER 16, 2022

It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. Collaborating with the suppliers without any systems would mean wasting time searching through voicemails, printed documents, and email threads to locate the needed information.

Supply Chain Efficiency 19

Supply Chain Efficiency Procurement Real-time Visibility Supply Chain Optimization 19

ProcurePort

OCTOBER 25, 2023

• Vendor management is essential for cost efficiency, quality assurance, risk mitigation, and fostering innovation through collaborative relationships with suppliers.

Vendor management 130

Vendor management Management Procurement Quality 130

Planergy

FEBRUARY 24, 2025

How AP can improve relationships with your key suppliers. Build strong vendor relationships with timely payments and clear communication. Because keeping track of whats owed ensures the school knows what its spending and avoids overpaying or double-paying suppliers. Why is it important?

Management 52

Management Budget Negotiation Purchasing 52

ivalua

APRIL 27, 2023

Geopolitical manipulation on suppliers worldwide adds to the pressure. However that’s only part of the puzzle – strong vendor relationships are equally essential. Ivalua also provides a place where suppliers can upload and share their data easily and have a good user experience.”

Supply Chain Efficiency 130

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Sustainability 130

ivalua

APRIL 27, 2023

Geopolitical manipulation on suppliers worldwide adds to the pressure. However that’s only part of the puzzle – strong vendor relationships are equally essential. Ivalua also provides a place where suppliers can upload and share their data easily and have a good user experience.”

Sustainability 130

Sustainability Risk Supply Chain Efficiency Agile and Lean Supply Chain 130

Planergy

NOVEMBER 29, 2022

Supplier Consolidation: What It Is, Benefits, and Risks. Best Practices & Tips Strategic Sourcing Supplier Relationship Management. Supplier consolidation involves reducing the number of suppliers you work with. Pros include better supplier relationships, cost savings, and time savings.

Supplier consolidation 52

Supplier consolidation Suppliers Risk supply chain budgeting 52

Supply Chain Game Changer

MARCH 9, 2022

Holistically both types of procurement follow the same process: once a requirement is identified, the buyer is required to find the right supplier. After the requisition has been generated, the supplier will provide a quote with the terms and conditions of the order. Operational Procurement.

Procurement 108

Procurement Supply Chain Efficiency Supply Chain Optimization supply chain budgeting 108

HICX

SEPTEMBER 11, 2023

Table of Contents What is supplier risk management? What are the benefits of supplier risk management? What is supplier risk management? As organizations scale and increase in size, so too does the organization’s number of suppliers, which means there are more risks to be managed.

Risk management 52

Risk management Risk Suppliers Management 52

Supply Chain Game Changer

OCTOBER 11, 2022

The supply chain includes everything from ordering raw materials from suppliers to ensuring products are delivered to consumers in the best condition. As a business owner, optimizing your supply chain for efficiency will reduce these issues and help you build strong customer and vendor relationships. Operational Planning.

Supply Chain Optimization 81

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 81

Procurement Express

MARCH 14, 2025

ProcurementExpress.com also includes role-based access, single sign-on (SSO), and supplier management tools to keep everything compliant and protected. One of Bills biggest strengths is its customizable approval rules, which allow businesses to set multi-level approval chains based on dollar amounts, departments, or vendor relationships.

Real-time Visibility 52

Real-time Visibility Purchase orders Procurement Budget 52

Empowering CPO

JULY 17, 2023

By taking on the complexities of procurement, these services allow businesses to focus on their core competencies, while reaping the benefits of optimized supply chains, cost savings, and improved vendor relationships. Providers conduct thorough supplier assessments, ensuring compliance with regulations and standards.

Management 52

Management Procurement Vendor relationships Supply Chain Efficiency 52

Procurement Insights

JANUARY 17, 2024

Like my DND example, the benefits of addressing the procurement department’s needs would have been muted because of the previously unidentified conflict with the service department and suppliers’ objectives and processes. Again, reference my example of the DND regarding the service tech department and suppliers’ challenges.

Procurement solutions 75

Procurement solutions Procurement Vendor relationships Suppliers 75

Procurement Leaders

JUNE 9, 2022

Supplier-enabled innovation: Establishing framework, process, and measurement of innovation. Tail spend management: The procurement team deployed tail spend solutions in over 60 markets to make vendor relationship management easier and more cost-effective. This is collected through a survey run twice a year. Results.

Category management 130

Category management Strategy Procurement Innovation 130

Pipefy

MARCH 6, 2023

But procurement is also about vendor relationship management, preventing avoidable costs, and handling a high volume of incoming purchase requests. Phase 2 – Supplier selection In the second phase of the procurement cycle, the procurement team must decide which supplier they want to purchase from.

Procurement 59

Procurement Procurement team Purchase orders Vendor relationships 59

IBM Supply Chain Blog

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Sourcing and procurement professionals operating with a strategic sourcing mindset assess a supplier’s quality, reputation and service.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

Jaggaer

DECEMBER 13, 2024

P rocure-to-pay ( P2P ), the downstream part of the end-to-end supplier management and procurement process, focuses on the expenditure side of the business. Order-to-Cash and Procure-to-Pay In many ways, O2C is the mirror image of P2P from a suppliers perspective. Historically, the buyer-vendor relationship was seen as adversarial.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Buyers Vendor relationships 52

World of Procurement blog

APRIL 23, 2024

Understanding how to effectively craft, distribute, evaluate, and respond to RFPs can significantly streamline your procurement process, ensuring you get the best value from your suppliers. It details project specifications, requirements, and evaluation criteria, providing a clear framework for potential vendors to offer their solutions.

Procurement 52

Procurement Vendor relationships Budget Bidding 52