Empowering CPO

MAY 31, 2023

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.

Supplier relationship management 52

Supplier relationship management Collaboration Suppliers Supply Chain Efficiency 52

Spend Matters

OCTOBER 23, 2023

In this Spend Matters Vendor Analysis we provide an overview of AnyData Solutions and its solution for spend analytics, contract management, supplier relationship management and ESG/performance tracking. In the world of business, procurement departments play a pivotal role in shaping an organization’s success.

Contract management 117

Contract management Contract Supplier relationship management Management 117

Spend Matters

APRIL 22, 2025

Enlighta Spice, a solution tailored for mid-sized companies, addresses these challenges by combining ease of use with a focus on third-party risk management (TPRM), supplier relationship management and contract management.

Risk 68

Risk Suppliers Risk management Supplier relationship management 68

Zycus Cognitive Procurement

JANUARY 31, 2023

As businesses strive to remain competitive in times of economic uncertainty, there is an increased need for effective supplier relationship management. A strong collaboration between the purchaser and suppliers can result in lower costs and better quality products, while driving innovation.

Supplier relationship management 40

Supplier relationship management Suppliers Management Supply Chain Efficiency 40

Supply Chain Game Changer

NOVEMBER 14, 2018

This article will look at a model for stratifying and segmenting your supply base within the confines of a structured and formal supplier relationship program (SRP). The development of supplier relationship management (SRM) accompanied the stratification of the supply base into a number of different hierarchical models.

Supplier relationship management 44

Supplier relationship management Suppliers Management Agile and Lean Supply Chain 44

Arkestro

DECEMBER 26, 2024

It streamlines the entire procurement process by centralizing and automating interactions between buyers and sellers. This move toward deeper collaboration marks a shift from transactional relationships to strategic, long-term partnerships that drive mutual growth and efficiency.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

ivalua

FEBRUARY 8, 2023

Procurement teams are now expected to manage a lot of moving parts — from supplier relations to spend, risk, compliance, contractual obligations, contingency plans and more — and a lack of visibility inhibits their ability to do any of that effectively. Create speed and transparency.

Supply chain resilience 242

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

Spend Matters

FEBRUARY 19, 2024

It is a supplier management solution that simplifies and enhances sourcing and supplier relationship management (SRM) for global procurement and sourcing teams. Kodiak Hub helps companies address such challenges.

Risk 113

Risk Suppliers Supplier relationship management Sustainability 113

Jaggaer

OCTOBER 24, 2024

That’s why supplier collaboration—that consistent, trusted, and responsive interaction between supplier and manufacturer—is pivotal to manufacturing success. Supplier Collaboration vs. Supplier Relationship Management What good is having the best suppliers if you can’t communicate well enough to leverage their products and skills?

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Spend Matters

JULY 27, 2022

In addition, QAD has rolled out QAD SRM (Supplier Relationship Management) which includes QAD Allocation at its core, but weaves in capabilities from other QAD supply chain related solutions and quality management.

Market analysis 98

Market analysis Sourcing Supplier relationship management Material management 98

SCMDOJO

MARCH 24, 2025

Inflation has always been a top concern for higher management, as it is beyond the control of both suppliers and buyers. However, its impact is typically greater on the buyer than on the supplier. Lean cost management: accounting for lean by establishing flow. Huntzinger, J. Ross Publishing. Emiliani, M.

Price 58

Price Purchasing supply chain budgeting Raw materials 58

Una

OCTOBER 25, 2022

The reduction in maverick spend, tail spend , and administrative burden of managing a huge supply base will also improve efficiency. Procurement professionals will be less consumed by endless supplier relationship management (SRM), negotiations, and the processing of purchase orders or invoices.

Supply Chain Efficiency 105

Supply Chain Efficiency Procurement Purchase orders Real-time Visibility 105

SCMDOJO

APRIL 26, 2023

Job Description and Requirements ] At a glance: What is Category Management in Procurement? Category Management Software What is Category Management in Procurement? This strategy also ensures strategic supplier relationship management as per the various categories.

Category management 106

Category management Management Supplier relationship management supply chain software solutions 106

Supply Chain Game Changer

NOVEMBER 3, 2022

Supplier Relationship Management. Supplier Relationship Management (SRM) involves relationships between buyers and sellers or manufacturers and suppliers. In doing so, you’ll be able to meet the demands of your buyers while strengthening your relationships with vendors and distributors.

supply chain budgeting 115

supply chain budgeting supply chain software solutions Supply Chain Efficiency Supply chain 115

Procurement Insights

MAY 16, 2025

suppliers pricing volatility). Example : The DND system allowed buyers to adjust supplier ranking weights (price vs. delivery reliability), reflecting evolving stakeholder needs 1. procurement directors, suppliers) to oversee AI outcomes. supplier relationship management).

Ethics 52

Ethics Suppliers Supplier relationship management Influencing 52

Procurement Tactics

JUNE 7, 2023

It involves establishing strong relationships, open communication channels, and a collaborative approach to decision-making and problem-solving. Supplier collaboration goes beyond traditional buyer-supplier relationships by promoting cooperation, transparency, and innovation throughout the supply chain.

supply chain software solutions 130

supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 130

Spend Matters

AUGUST 22, 2023

And when it comes to the procurement professional, they know their suppliers are not going to ring them with the same good news. So it’s the buyer’s job to understand the cost structure of the category they are buying,” he says. When price hikes are minimal, it’s less of a big deal to the buyer.

Raw materials 97

Raw materials Suppliers Buyers Price 97

SCMDOJO

MARCH 12, 2025

If a company holds significant buying power, it can push for better terms, but if a supplier has unique capabilities, buyers must be willing to compromise strategically. Evaluating dependency levels, such as the percentage of business a supplier relies on, can determine how much leverage each side holds. 10.13140/RG.2.2.27917.87528.

Negotiation 52

Negotiation Supply Chain Efficiency Supply chain Strategy 52

Procurement Software

MARCH 16, 2025

Furthermore, Procure-to-Pay (P2P) , e-Sourcing and Supplier Relationship Management (SRM) apps often contain supplier portals. Three-way communication between Buyers, Stakeholders and Suppliers avoids the need for unnecessary emails. Digital procurement tools are the enabler to free up time for these.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

Una

MARCH 6, 2023

Procurement process automation can involve anything from automated supplier discovery, risk monitoring, payment processing, spend analytics , and contract approval. The exciting part is that automation frees up your team for big-picture projects, supplier relationship management, strategic planning, and continuous improvement.

Purchasing 98

Purchasing Innovation Agile and Lean Supply Chain Supplier relationship management 98

ivalua

APRIL 8, 2020

If the idea generates savings, these are shared between Urgo and the supplier. Buyers receive about a thousand forms per year and commit themselves to responding in a reasonable period of time. Second, every two years they organize a supplier-buyer speed dating event, focused on indirect spend.

Suppliers 147

Suppliers Management Supply Chain Efficiency Innovation 147

Una

AUGUST 30, 2022

A recent paper from Deloitte has helpfully categorized digital procurement into three areas: automated P2P (Procure-to-Pay), proactive SRM (Supplier Relationship Management), and predictive S2C (Source to Contract). How to Improve Strategic Supplier Relationship Management. Digital procurement game-changers.

Procurement 98

Procurement e2e Supplier relationship management Real-time Visibility 98

Procurement Insights

MAY 3, 2025

Topics include supplier relationship management, cost optimization, and strategies to navigate trade challenges, offering practical advice for sourcing and technology adoption. Buyers Meeting Point: Described as around a few years by 2021, likely starting in the late 2000s, managed by Kelly Barner.

Procurement 40

Procurement Supply Chain Optimization Ethics supply chain software solutions 40

Una

MARCH 8, 2023

This can happen if the supplier is unwilling to budge on pricing or if the buyer is unwilling to accept a lower quality product. Unrealistic demands: Negotiations can quickly break down if the buyer or supplier makes unreasonable or unrealistic demands, such as asking for a price that is significantly lower than market rates.

Supplier negotiation 97

Supplier negotiation Negotiation Suppliers Buyers 97

ivalua

FEBRUARY 25, 2021

Additionally, a purpose-built solution will enable you to measure and monitor buyer adherence to compliance purchasing, ensuring your team is taking advantage of preferred items and reaping the rewards of the contracts you have in place.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Una

JULY 19, 2022

A cohesive procurement strategy includes procurement’s ability to nurture supplier relationships in various ways that can lead to higher quality standards, increased reliability and innovation. Supplier Relationship Management.

Procurement strategies 98

Procurement strategies Strategy Procurement Supplier relationship management 98

ivalua

DECEMBER 19, 2018

With Ivalua’s easy-to-use solution and Optibuy ‘s expertise, we will deliver measurable and great results to PKP Energetyka and strengthen our position in the Polish Market” explains Franck Lheureux, General Manager EMEA at Ivalua.

Supplier relationship management 100

Supplier relationship management Contract Buyers Procurement solutions 100

Spend Matters

APRIL 30, 2025

Orchestrated onboarding means suppliers can self-serve, buyers get real-time status updates and governance is maintained globally. Although some consider orchestration jargon or a buzzword, it essentially manages and governs on steroids. It is foundational, not peripheral.

Suppliers 82

Suppliers Management Real-time Visibility Agile and Lean Supply Chain 82

Supply Chain Game Changer

AUGUST 5, 2021

What is Supplier Relationship Management (SRM)? The Supplier Management Secret Recipe article and permission to publish here provided by Sam Jenks. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. I love cooking. Even more, than I love cooking, I love eating.

Suppliers 98

Suppliers Management Supply Chain Efficiency Agile and Lean Supply Chain 98

ivalua

AUGUST 17, 2021

Capturing Value occurs when a contract has been established that governs the responsibilities and obligations of both supplier and buyer, and well as when the organization has the right Procure-to-Pay processes in place to ensure compliance to those agreements, goods, services and prices. .

Procurement 130

Procurement Procurement team Sourcing Supplier relationship management 130

Procurement Heads

MAY 31, 2023

While running the stores I kept finding better prices and making a bit of a nuisance of myself with the Procurement Manager until eventually they said to me, “Look there is a vacancy in procurement do you fancy it?” Within the team, I have three Senior Buyers and two Buyers an Expeditor and an Admin Coordinator.

Negotiation 130

Negotiation Supplier relationship management Suppliers Buyers 130

Skill Dynamics

AUGUST 11, 2022

Investing time and effort in managing these suppliers will contribute considerably to the success of your organization. This article outlines some best practices for strategic Supplier Relationship Management (SRM) that will help buyers increase their effectiveness in managing critical suppliers.

Procurement team 52

Procurement team Suppliers Supply chain Supplier relationship management 52

Jaggaer

OCTOBER 24, 2024

The strong handshake made with Tier-1 in the initial onboarding phase—complete with profile information—makes collaborating with first-tier suppliers easier. Following a forecast to suppliers, a Tier-1 supplier collaborates with its suppliers—Tier 2 for the buyer—to obtain critical components for producing products and/or services.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

Positive Purchasing

MAY 6, 2022

Supplier Relationship Management - Intensive Online Public Course. An intensive Supplier Relationship Management (SRM) course aimed at purchasing professionals and potentially some key stakeholders. Buyers Toolkit - Proficient Buyer Online Public Course. hour workshops. FIND OUT MORE.

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Supplier relationship management Category management Negotiation Sustainability 52

Spend Matters

MARCH 25, 2024

Here’s why Canopy matters: To the market — Canopy offers a solution to improve supplier management (SIM, performance and risk) meant for small to midsize organizations that may not have the resources for more expensive solutions, a long-standing issue in the industry.

Suppliers 113

Suppliers Buyers Risk management Data 113

Procurement Insights

APRIL 30, 2025

THE SHORT ANSWER Procurement Insights is not a replacement for analyst firms its a complementary and sometimes disruptive mirror , helping enterprise buyers and tech vendors see past sanitized reports into what actually matters to practitioners. supplier relationship management). mid-market vs. enterprise).

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 52

ivalua

MARCH 9, 2023

Also included: supplier improvement plans, innovation plans and overall supplier collaboration. Contract Management: The piece that connects the upstream and the downstream, where value starts being captured. The contracts govern the relationship between the buyer and supplier, an essential process to inform Procure-to-Pay.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130