Vendor Sourcing

Looking out for suppliers is a critical task faced by procurement professionals. The main goal is to meet the right supplier at the right time and place. There are several key factors that determine the selection of suppliers. Some of them are Price or affordability, location, reliability as reliable suppliers will deliver required material efficiently and most importantly stability. The right suppliers provide the most appropriate products or/and services in order to meet the business needs.

  • Related Reading

  • 5 steps for effective Supply Chain Management
    “5 steps for effective supply chain management” is a whitepaper. We live in difficult times where volatility is the norm. For any business leader today the top challenge is cost. As business le...
  • Make Procurement Smarter with Social Media
    “Make procurement smarter with social media” is a whitepaper. This paper talks about how social media is playing an active role in terms of collaborating and engaging with the suppliers.
  • Putting the Supplier at the Heart of Procurement Thinking
    “Putting the supplier at the heart of procurement thinking” is a research report authored by Peter Smith, Managing Director, Spend Matters (UK/Europe) and sponsored by Zycus.
  • The path to supplier management excellence
    “The path to supplier management excellence” is an eBook. Suppliers have a direct impact on an organization's product/service quality, competitiveness and product innovation. A good liaison bet...