Supplier Management Blog Posts

Supplier management is the process of overseeing and working with suppliers to ensure that they provide the best possible products or services to the company. This can involve activities such as selecting suppliers, negotiating prices and contracts, verifying the quality of products or services, and managing supplier relationships.

How significant is supplier management in the procurement industry

In the procurement industry, vendor management is an essential part of conducting business. By working with suppliers effectively, procurement professionals can ensure that they get the best deals and the best products or services for their company.

Things to Keep in mind while functioning in supplier management:

There are a few key things to keep in mind when it comes to supplier network. First, it’s important to select the right suppliers. This means finding suppliers who can provide quality products or services that meet the company’s needs. It’s also important to negotiate prices and contracts that are fair and favorable for the company. Finally, it’s important to manage supplier relationships effectively. This includes maintaining good communication, addressing any issues that arise, and working together to find solutions.

By following these tips, procurement professionals can ensure that they are getting the most out of their supplier relationships. Supplier management can be a complex process, but it’s a crucial part of doing business in the procurement industry

Must Read Supplier Management Blog Posts

Learn More: Vendor Management Guide

June 19, 2013
12

Putting the Supplier at the Heart of Procurement Thinking – Part 1

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June 7, 2013
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Should CSR also be an imperative for procurement? Part 2

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June 5, 2013
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Should CSR also be an Imperative for Procurement? Part 1

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May 31, 2013
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What is the Pulse Rate of Procurement in Asia?

Continuing the drive to understand procurement landscape across the globe, Zycus conducted an in-depth research amongst 140+ procurement professionals…
May 29, 2013
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Putting the Supplier at the Heart of Procurement

Recent events like the supplier factory collapse in Bangladesh and Cambodia, horse-meat debacle etc. just go to highlight the role that suppliers play…
May 23, 2013
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What is the Pulse Rate of Procurement in Europe?

Some of the serious challenges enterprises face today includes poor information quality, time-consuming and costly manual sourcing and procurement pro…
May 20, 2013
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The Path to Supplier Management Excellence – Stage 3

In our earlier blogs we discussed the importance of supplier management (click here…
May 15, 2013
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The Path to Supplier Management Excellence – Stage 2

In the earlier blog we talked about what it takes to lay a strong foundation to buil…
May 13, 2013
12

The Path to Supplier Management Excellence – Stage 1

In the previous blog we discussed the need to maintain good relationship with the s…
May 9, 2013
12

The Path to Supplier Management Excellence

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 i…