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Recent events like the supplier factory collapse in Bangladesh and Cambodia, horse-meat debacle etc. just go to highlight the role that suppliers play and the kind of impact they can have in any organization’s supply chain. Suppliers have a direct impact on organizations’ product/service quality and competitiveness. Yet perhaps strangely the suppliers are not always […]
Putting the Supplier at the Heart of Procurement Read More »
Some of the serious challenges enterprises face today includes poor information quality, time-consuming and costly manual sourcing and procurement processes, weak process control and difficulty obtaining interest and support from internal spend stakeholders for procurement-led business performance improvement initiatives. As part of a larger initiative to understand procurement landscape across the globe, Zycus commissioned the
What is the Pulse Rate of Procurement in Europe? Read More »
In our earlier blogs we discussed the importance of supplier management (click here) and the two stages on the path to supplier management excellence. In this blog we will discuss stage 3 – SUPPLIER PERFORMANCE & EXPECTATION MANAGEMENT Vast supplier base calls for a stringent performance evaluation system that can track supplier conduct on various
The Path to Supplier Management Excellence – Stage 3 Read More »
In the earlier blog we talked about what it takes to lay a strong foundation to build effective supplier relationship. In this blog we will discuss stage 2 on the path to supplier excellence. The second stage is IMPLEMENT SUPPLIER INFORMATION MANAGEMENT. Large organizations have a vast supplier base with tiers of suppliers stretched across
The Path to Supplier Management Excellence – Stage 2 Read More »
In the previous blog we discussed the need to maintain good relationship with the suppliers and the benefits that come along with effective supplier management. We also listed the 3 stages for supplier management. The first stage is FOUNDATIONS OF AN EFFECTIVE SUPPLIER RELATIONSHIP In order to manage suppliers in a way that benefits both
The Path to Supplier Management Excellence – Stage 1 Read More »
In the fight to increase market share, organizations need to come up with innovation in their products/services or upgrade it by adding new features in order to satiate the changing consumer preferences. To make this a reality organizations are dependent on their suppliers to supply the essential raw materials/services. Suppliers have a direct impact on
The Path to Supplier Management Excellence Read More »
In our earlier blog we discussed why most of the Procure-to-Pay initiatives are unsuccessful when it comes to organization wide adoption rate. That with so many amazing shopping portals like amazon.com or any other B2C consumer websites the P2P users expects that level of convenience while carrying out a transaction. In this blog post we
What Users Want – Making People the First P in P2P: Part 2 Read More »
Benchmarking from the Aberdeen Group’s 2010 “Effective e-Procurement” found that on average, 16% of all transactions that start in the e-Procurement system actually get completed outside the system. This implies that even though the users intended to use the e-procurement system, they eventually opted out and continued with their transaction elsewhere. This brings us to
What Users Want – Making People the First P in P2P: Part 1 Read More »
In our previous blog on Building an Effective Contracting Process – What are the challenges? Part 1 and part 2, we discussed the difficulties in managing the contracting process. We also discussed ways for improving contract governance within the organization. (Click here) In this final blog post, we will talk about 2 more ways for
Building an Effective Contracting Process – Fighting the challenges Part 2 Read More »
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