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

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

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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…
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[Upcoming Webinar] Show me the synergies – The S2P suite story

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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.…
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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…