...

The Why, What and How of Supplier Management – Part 6: Implementation Best Practices

Picture of Zycus

Zycus

Published On: 08/21/2013

Listen to this blog

The Why, What and How of Supplier Management

Listen to this blog

The previous blogs in the series covered various aspect of supplier management technology like – the reasons for its growing importance, internal and external driving forces, low user adoption rate and benefits of using supplier management technology. (Click here for part 1, part 2, part 3, part 4 & part 5 of the blog series)

In this blog, the last in the series we will share technology implementation best practices.

Here are some implementation best practices for supplier management:

  • Management announcement – explaining the rationale behind the technology adoption.
  • Remember the 80/20 principle and identify the 20% of suppliers with whom 80% of business is done – Suppliers with whom you spend a lot of money and suppliers who have the most impact on your operations.
  • Identify KPIs and the process for measuring supplier performance and align KPIs with KRAs.
  • Identify the individuals who will participate in the evaluation of your suppliers.
  • Extensive collaboration between the organization’s technical team and the tool provider to determine a robust integration approach.
  • Sign off on all deliverables, design documents before proceeding to the development phase.
  • Extensive technology-specific user training.
  • Continuous involvement of all stake holders at every step of the project.

Learn More: Vendor Management

The Hidden Cost of ERP Bundles: Why Procurement Needs More

Share:
Zycus
Zycus is a leader in Cognititive Procurement. A leading SaaS platform used by many large enterprises across the globe for enabling efficiency and effectiveness of the procurement function.

Explore our latest Resources

Subscribe to Blogs!

Get the latest blogs, insights, tips and exclusive content delivered to you inbox, Join Now

Contact us today to know more about Zycus Deep Value Procurement AI

Name
Full name*
Company E-mail*
How can we help*

Zycus Named a LEADER in the IDC MarketScape: Worldwide Source-to-Pay Applications 2025 Vendor Assessment

Source to pay
Why This Report Matters for Procurement Decision-Makers

Download Your Complimentary Copy

IDC Report 2025

Consent
This field is for validation purposes and should be left unchanged.