Strategic Insights for Procurement Performance
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That, supplier is an integral part of an organizations procurement strategy and even instrumental to the success of the strategy is an irrefutable fact. Time may have come for procurement executives and organization’s to put it at the heart of their strategy. Undoubtedly supplier management is gaining more focus amongst procurement leaders and thinkers.
In this 4 part series we will take a look at why this is the case…
In the previous blog post we discussed the need for procurement function to include corporate social responsibility in its agenda.
CSR as an activity is something that organizations adopt beyond the normal scope of work. (Though now many organizations have people dedicated to CSR.) For procurement to incorporate CSR in its agenda, the need to do so should flow strongly from the organization’s top level management.…
Corporate social responsibility is commonly defined as an initiative taken by the organization to assess the impact of the organization’s activities on the society and take responsibility for the same. This could be in the form of society welfare programs, using environmentally friendly products or any activity that is undertaken for the benefit of its employees and society at large.
Today organizations are at a juncture wherein consumers are demanding…
Continuing the drive to understand procurement landscape across the globe, Zycus conducted an in-depth research amongst 140+ procurement professionals in Asia. The result of this research helps understand the current procurement scenario in Asia.
Some of the insights from the report are;
Procurement professionals in eight of ten Asia-based companies say top executives have mandated greater enterprise-level and…
Recent events like the supplier factory collapse in Bangladesh and Cambodia, horse-meat debacle etc. just go to highlight the role that suppliers play and the kind of impact they can have in any organization’s supply chain. Suppliers have a direct impact on organizations’ product/service quality and competitiveness.
Yet perhaps strangely the suppliers are not always given the focus that we see placed on procurement policies, processes, or category management.
To…
Some of the serious challenges enterprises face today includes poor information quality, time-consuming and costly manual sourcing and procurement processes, weak process control and difficulty obtaining interest and support from internal spend stakeholders for procurement-led business performance improvement initiatives.
As part of a larger initiative to understand procurement landscape across the globe, Zycus commissioned the “Pulse of Procurement” research. The Europe research report offers some exciting insights for procurement organizations.…
In our earlier blogs we discussed the importance of supplier management (click here) and the two stages on the path to supplier management excellence. (Click here for Stage 1 and Stage 2)
In this blog we will discuss stage 3 – SUPPLIER PERFORMANCE & EXPECTATION MANAGEMENT
Vast supplier base calls for a stringent performance evaluation system that can…
In the earlier blog we talked about what it takes to lay a strong foundation to build effective supplier relationship. In this blog we will discuss stage 2 on the path to supplier excellence.
The second stage is IMPLEMENT SUPPLIER INFORMATION MANAGEMENT.
Large organizations have a vast supplier base with tiers of suppliers stretched across the globe. This translates into multitude of…
In the previous blog we discussed the need to maintain good relationship with the suppliers and the benefits that come along with effective supplier management. We also listed the 3 stages for supplier management.
The first stage is FOUNDATIONS OF AN EFFECTIVE SUPPLIER RELATIONSHIP
In order to manage suppliers in a way that benefits both the organizations and the…
In the fight to increase market share, organizations need to come up with innovation in their products/services or upgrade it by adding new features in order to satiate the changing consumer preferences. To make this a reality organizations are dependent on their suppliers to supply the essential raw materials/services.
Suppliers have a direct impact on an organization’s product/service quality, competitiveness and also product innovation. This mandates maintaining a good relationship…
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