Supplier Relationship

//Supplier Relationship

How to manage a supplier relationship? In purchasing, a long-lasting relationship with your suppliers will help you save money. | Vroozi

The Fascinating Effects of Shifting Demand in Supply Chain

E-Procurement: How Cobalt Demand May Triple by 2030 Supply and Demand in Practice and Procurement Solutions Procurement experts and purchasers are always keeping a close eye on market shifts that will ultimately affect their prices and bottom line. Making predictions about changing prices is not [...]

By | February 1st, 2018|Blog, Supplier Relationship|

Chief Procurement Officer (CPO): Role and Requirements

Celebrating Procurement Professionals Understanding Procurement Roles Every Chief Procurement Officer and procurement professional will face challenges specific to their company and industry, but today we will look at the basics responsibilities of a CPO. Ultimately, the CPO is responsible for managing the company’s spend, leading [...]

By | February 16th, 2017|Blog, Supplier Relationship|

Procurement KPI: Tactical Buying

If you are buying a new appliance for your home, chances are you do your research first.What features do you need? Which appliances have those features? Which brand is the most dependable? Who offers the best price for what you need? Buying at Home, Buying [...]

By | November 14th, 2016|Blog, Supplier Relationship|

Procurement: After Spend… Supplier Management!

Procurement: After Spend Management... Supplier Management Measuring Spend... and Supplier Management ROI The Right Suppliers Mean Big Savings A major factor in procurement savings is having the right suppliers. A supplier that fits your needs means big savings in the long-run. Supplier Management and Spend [...]

By | November 4th, 2016|Blog, Supplier Relationship|

Diversify Your Suppliers, Broaden Your Opportunities

Why diversify your suppliers? Supplier Diversity is key to growth! Supplier diversity is arguably procurement's richest source of unrealized potential and innovation. A report by the Hackett Group revealed companies that participated in long-term supplier diversity programs generated 133% greater return on investments than typical [...]

By | October 19th, 2016|Blog, Supplier Relationship|

Honesty Builds Character, Visibility Builds a Company

Honesty Pays Off Transparency and Visibility Too How to Apply these to Procurement? Many say the Election of 2016 is a matter of “choosing the lesser of two evils.” Neither candidate stands out as a highly ethical, moral or normal person. Both Hillary Clinton and [...]

By | October 11th, 2016|Blog, Supplier Relationship|

Can You Trust Your Suppliers like Doctors?

Trusting Suppliers is Key in Procurement! How to establish a long-term supplier relationship? Suppliers vs Doctors You know the familiar scene of doctors and nurses in chaos with patients, whether it is from real, personal experience or less-real, TV-drama experience. When tragedy strikes, we depend [...]

By | October 11th, 2016|Blog, Supplier Relationship|

Procurement Negotiations : Like a Presidential Debate?

Procurement Negotiations like a Presidential Debate? At the heart of Supplier Relationship Management Presidential Candidates and Suppliers have Similarities... Procurement & American Elections! With the 2016 American election in full swing, shots are being fired, arguments are being waged and candidate debates feel like they are [...]

By | September 25th, 2016|Blog, Supplier Relationship|