In the post 1 and post 2 of the series we discussed why Supplier Management is gaining importance and the importance of Supplier Information Management. In this post we will elaborate the Best practices for Supplier Management and the technology enablers that can help us enforce the Industrial Best Practices. In the recent webinar on ‘How I Met Your Supplier: Best Practices in Supplier Management’ conducted by ISM, Ardent Group and Zycus Inc., Andrew Bartolini, Managing Partner and Chief Research Officer, Ardent Partners in January 2014, mentioned the following Best Practices for Supplier Information Management that must be adopted by all organizations:

In the next blog we will discuss in detail about Supplier Performance Management, the Best Practices to be followed and the technology enablers that help implement the best practices. So Stay tuned…

Learn More: Vendor Management