Remove Buyers Remove Project management Remove Supplier relationship management
article thumbnail

Supplier Relationship Management: Tips for Successful Collaboration

Empowering CPO

Introduction In today’s interconnected world of business, Supplier Relationship Management (SRM) stands as a pillar of success for organizations across the globe. It’s the concerted effort of strategically planning and managing all interactions with suppliers that supply any goods and/or services to an organization.

article thumbnail

PROCUREMENT ROLES IN CAPEX MANAGEMENT

World of Procurement blog

When we speak about Capital Expenditures or commonly called CAPEX in an organization, generally speaking, they are managed either by a Project Manager or their future users (the concerned department of the organization). It could be even worse as buyers may not be invited to get involved at all in CAPEX management.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Supplier Management Secret Recipe

Supply Chain Game Changer

What is Supplier Relationship Management (SRM)? The Supplier Management Secret Recipe article and permission to publish here provided by Sam Jenks. Transformation & process managers are master coordinators between top management, line managers, and project managers.

article thumbnail

The 10 Hottest Nordic Procurement Startups

Procurement Software

Kodiak Hub Kodiak Hub is a growing startup based in Sweden that offers an ecosystem of supplier relationship management (SRM) apps. These assist with management of supplier information by improving supplier insights, providing business intelligence, and enhancing buyer-supplier innovation.

article thumbnail

Top 10 Hottest British Procurement Startups

Procurement Software

This facilitates a complete transformation of how businesses transact with long tail suppliers in the procure-to-pay (P2P) cycle. It offers buyers a more automated way to onboard and pay smaller suppliers, and suppliers the opportunity to get onboarded with customers faster and to get paid quicker.

article thumbnail

BCG’s 10 Step Plan for Procurement Excellence

Procurement Software

The top 20-40 “A” suppliers typically account for ca. These are natural partners for a 360º Supplier Relationship Management (SRM) approach. Identify projects which help both improve supplier financial performance and deliver cost savings. 50% of a company’s spend.

article thumbnail

The 25 Hottest US Procurement Startups

Procurement Software

LUPR LUPR develops a supplier relationship management platform that allows executives to document, communicate, and analyse their supplier insights. The app captures, synchronises, and analyses supplier data so CPOs can easily understand their supplier map and avoid risk from their suppliers.