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

March 21, 2018
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Supplier Automation Made Easy

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How Supplier Performance Management can Align Global Supply Base
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How Supplier Performance Management can Align Global Supply Base

In this article, we discuss six ways in which supplier performance management aligns a global supply base for the success of your procurement function. Read More.…
November 27, 2017
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Addressing the Digital Transformation Mandate: A Procurement Perspective

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November 14, 2017
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Deal Or No Deal? Implications of Brexit on Procurement

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November 10, 2017
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Deciphering Strategic Supplier Management

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September 18, 2017
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Is your procurement prepared for the winter?

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A Question of Values – The Key To Relationship Success In Procurement

Transparency, communication, and collaboration are all critical to relationship success, especially for procurement professionals. Before you can t…
July 25, 2017
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[Upcoming Webinar] The Cost of Delaying System Upgrades

Purchasing has changed faster in the last 5 years than it has over the past 100 years. Megatrends point to increasing change via digital disruption; f…
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