Suppliers have a direct impact on an organization's product/service quality, competitiveness and product innovation. A good liaison between the buyer and the suppliers offers multiple benefits like reduced risk towards supply disruptions, environmental problems and/or safety issues. Implementing corrective actions before one of these problems results in a major financial loss should be a top priority for Procurement teams.
Our new eBook "The Path to Supplier Management Excellence" focuses on the 3 stages of effective Supplier Management and provides actionable steps to help procurement teams make the necessary tweaks in their existing supplier management process:
Foundations of an Effective Supplier Relationship
Implementing Supplier Information Management
Managing Supplier Performance & Expectations
Learn more: Vendor Management