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

May 26, 2017
12

Suppliers, Time To Go Digital. Don’t You Think?

It’s not astonishing anymore when a supplier says, “we would like to go digital.” In fact, it’s more like a relief because it’s high time th…
March 31, 2017
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Procurement Winners’ Chronicles – 6 Case Studies of Successful Procurement Turnaround

Download the unique case studies encompassing the areas of Spend Analysis, eSourcing, Contract Management, Supplier Management, Savings Management, and Procure-to-Pay Management.…
March 30, 2017
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Vendor Landscape: Supplier Risk And Performance Management

Enterprises struggle to manage the risk to their brands from suppliers' mistakes. Your customers expect you to choose suppliers that are efficient, sa…
February 15, 2017
POP 2017
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Pulse of Procurement 2017

Zycus is back with its annual ‘Pulse of Procurement’ survey. The survey is open for procurement professionals from all around the world. This s…
December 29, 2016
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Top 3 New Year Resolutions for Smarter Procurement in 2017!

2016 has been one of the better years for procurement with increasing C-suite support for procurement and diminishing resistance to technology adoptio…
December 6, 2016
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UPCOMING WEBINAR – Integrated Source-to-Pay Keeps Benefits Flowing Upstream and Downstream

The journey towards a Source-to-Pay (S2P) transformation has the potential to produce a pipeline of tremendous efficiencies for Procurement in the Oil…
October 18, 2016
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[UPCOMING WEBINAR] Keep Friends Close, Suppliers Closer: Valuing and Managing Suppliers Strategically

With Suppliers being at the heart of Procurement, every aspect related to supplier is key to a successful collaboration. On the other hand, a lack of…
June 15, 2016
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[Upcoming Webinar] Show me the synergies – The S2P suite story

For a very long time the only reference I had for integration were those god awful mathematical sums that I could never solve. By far I always found i…
May 9, 2016
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5 Supplier Risk Assessment Pitfalls to Avoid

Here are the top five tips suppliers risk assessment pitfalls to avoid. A supplier risk assessment essentially evaluates a vendor's procedures and rules to establish the risk the contracting organization faces.…
May 9, 2016
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Analytics and the Future of Mitigating Supplier Risk

In days when suppliers of companies were located close-by, relationships were based on trust and perception. Times have changed. All enterprises sourc…
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