Till now we discussed the growing need for supplier management and the benefits of putting it in practice. (Click here for part 1, part 2 & part 3) In today’s post, the last in the series we will talk about taking steps to implement supplier management principles. If the focus for procurement should be more strongly

In part 1 and part 2 we discussed the importance of supplier management in today’s scenario and how supplier management can be put into practice, respectively. In this blog we will talk about the benefits of supplier management good practices. The most fundamental role of procurement is to find the best possible suppliers for the organization.