That, supplier is an integral part of an organizations procurement strategy and even instrumental to the success of the strategy is an irrefutable fact. Time may have come for procurement executives and organization’s to put it at the heart of their strategy. Undoubtedly supplier management is gaining more focus amongst procurement leaders and thinkers.
In this 4 part series we will take a look at why this is the case and discuss the key elements of supplier management, and the benefits that can be derived from effective supplier management.
In this part we will talk about – Supplier management moving towards the center of procurement thinking.
Procurement has come a long way from being mainly concerned with basic supply of materials in 1920s to being a more strategic and ‘scientific’ function of an organization from the 2000s. But nothing stands still for too long. May be we are now seeing supplier management, the start of another change in procurement focus.
In the next blog we will talk about putting supplier management in practice. So stay tuned!!
For further reading, click on the download button to access the- “Putting the Supplier at the Heart of Procurement Thinking”[symple_button color=”blue” url=”http://campaign.zycus.com/Putting-Supplier-Heart-Procurement/WebBlogL87943″ title=”Visit Site” target=”blank” border_radius=””]Download Whitepaper[/symple_button]