World of Procurement blog

JULY 28, 2021

We need to think about Supplier Relationship Management during Covid-19 COVID-19 is having a significant effect around the world for individuals in terms of the way we work and live our daily lives. In this article, Sharon Croome breakdown a simple step-by-step guide to Supplier Relationship Management in the Supply Chain.

Supplier relationship management 52

Supplier relationship management Suppliers Management Supply Chain Optimization 52

Una

JUNE 18, 2024

Contract Management Best Practices for Procurement Pros Learn why its critical for procurement teams to have contract management best practices in place to proactively monitor promised benefits. By Hugo Britt | June 18, 2024 Search Search At what point in the contract lifecycle does procurement’s role end?

Contract management 52

Contract management Contract Management Procurement team 52

Una

APRIL 18, 2023

Mark is an experienced procurement leader with a broad area of focus including sourcing, supply management, contracts management, supplier relationship management, risk management, and inventory management.

Risk 133

Risk Supplier relationship management Contract management Supply Chain Efficiency 133

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

TYA Suite

AUGUST 6, 2024

At its core, procurement involves building and maintaining robust relationships with suppliers to ensure a seamless flow of operations. This is where supplier relationship management (SRM) plays a pivotal role.

Supplier relationship management 40

Supplier relationship management Suppliers Import Management 40

Jaggaer

FEBRUARY 5, 2025

Steps, Benefits, and Best Practices S2P covers the entire procurement lifecycle, from supplier selection to final payment. It includes sourcing and supplier management, contract management, and procure-to-pay (P2P) functions. A well-executed S2P strategy reduces costs, increases visibility, and ensures compliance.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Real-time Visibility 52

Procurement Insights

MAY 14, 2025

Ramos: Generative AI can streamline supplier interactions (e.g., contract compliance), but his focus is less on risk management, offering limited support for supply chain volatility. Hansen: Specializes in supplier relationship management through his Relational Contracting Model, emphasizing collaboration to mitigate risks.

Supply Chain Optimization 59

Supply Chain Optimization Contract Supplier relationship management Procurement strategies 59

Procurement Templates

JUNE 18, 2023

Foster supplier relationships: Successful procurement leaders understand the importance of building strong relationships with suppliers. Develop strategies for supplier relationship management and supplier development to optimize supply chains and drive innovation.

Leadership 147

Leadership Procurement Agile and Lean Supply Chain Supply Chain Efficiency 147

World of Procurement blog

JUNE 17, 2021

What is Contract Management? Contract Management is the process of managing all of your contracts. For this article, we’re going to focus on Contract Management related to your Supply Chain Contracts, or Procurement Contracts. This is a macro top-level aim of Contract Management.

Contract management 52

Contract management Contract Management Contract administration 52

World of Procurement blog

JULY 27, 2021

Why you need a Contract Lifecycle Management System Contract Lifecycle Management (CLM) systems are a must-have for effective Contract Management. There is no way you would want to build a process outside of the CLM to ensure "you were doing Contract Management" without implementing it.

Contract management 52

Contract management Contract Management Contract administration 52

SCMDOJO

FEBRUARY 5, 2025

Comprehensive Curriculum: MCIPS covers a broad spectrum of topics, from procurement principles and strategies to contract management, negotiation, and ethical considerations. Think of it as the gold standard for procurement professionals. It provides a holistic view of the procurement landscape.

Procurement 54

Procurement Real-time Visibility supply chain budgeting Supply Chain Optimization 54

SCMDOJO

SEPTEMBER 24, 2024

External sourcing adds supplier pricing, shipping, and handling fees. Hidden Costs : These include contract management, monitoring, and managing quality issues. Supplier Capabilities : Reliability : Evaluating a supplier’s ability to meet deadlines and maintain product quality is essential.

Supply Chain Efficiency 98

Supply Chain Efficiency Supply chain management Supply chain management supply chain budgeting 98

Skill Dynamics

FEBRUARY 4, 2025

Strategic Sourcing and Supplier Relationship Management Strategic sourcing skills are crucial for procurement professionals to effectively identify and then leverage opportunities within the supply base to create value.

Procurement 59

Procurement Supply Chain Efficiency Supply Chain Optimization supply chain budgeting 59

Planergy

MARCH 19, 2025

How better management in AP can give you better flexibility for cash flow management. Effective supplier selection ensures resources are used wisely, directly supporting teaching and student development through timely access to what they need.

Suppliers 52

Suppliers Management supply chain budgeting Supply Chain Efficiency 52

Procurement Templates

JUNE 4, 2024

If the targets are unrealistic, it is unlikely that any of the Suppliers will bid. The best choice is to get things right by undertaking active contract management and supplier relationship management. Remember service credits should be just one lever in your armoury.

Contract 130

Contract Suppliers Supplier relationship management Contract management 130

ivalua

MARCH 9, 2023

Upstream covers all the strategic procurement activities such as spend analysis, sourcing, contract management and supplier management (which includes supplier information, risk and performance management). Also included: supplier improvement plans, innovation plans and overall supplier collaboration.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Spend Matters

OCTOBER 30, 2023

The supplier management solution (SxM) also offers considerable contract management depth due to its historical and unchanged focus on post-contract activities.

Contract management 122

Contract management Contract Suppliers Management 122

Procurement Heads

SEPTEMBER 1, 2022

Supplier Relationship Management – a growing trend within procurement functions, we’re now seeing clients regularly coming to Procurement Heads with specific SRM remits (often newly created) for a strategic focus on relationship-led liaison within their supplier bases.

supply chain software solutions 130

supply chain software solutions Supply chain Supplier relationship management Demand 130

Procurement Heads

DECEMBER 15, 2022

Also, a lot of contract management and supplier relationship management. Sustainable procurement is becoming not just a topic to look at but retaining within the core of the business in the same way that contract management, supplier management and cost savings are as well.

Sustainability 130

Sustainability Supplier relationship management Contract management Procurement 130

ivalua

FEBRUARY 25, 2021

Given all of the benefits of going with a best-in-class supply chain solution over an ERP-based implementation, it’s no surprise that Gartner predicts just 10% of organizations running a cloud-based ERP will leverage their ERP solution for more strategic processes such as e-sourcing, contract management and spend analysis by 2025.

supply chain budgeting 221

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

Una

APRIL 6, 2023

Without rigorous contract management, up to 75% of cost savings can disappear within 18 months of signing. The good news is that with strong supplier relationship management ( SRM ), your organization can generate additional supplier value beyond what is in the contract.

Procurement 97

Procurement Supplier relationship management Supplier negotiation Contract 97

ivalua

AUGUST 17, 2021

To be successful, your procurement team will need to be expert at supplier relationship management, contract management and sourcing and skilled at managing procurement cost as it contributes positively to the business.

Procurement 130

Procurement Procurement team Sourcing Supplier relationship management 130

Procurement Insights

MAY 13, 2025

Ramos: Generative AI can streamline supplier interactions (e.g., contract compliance), but his focus is less on risk management, offering limited support for supply chain volatility. Hansen: Specializes in supplier relationship management through his Relational Contracting Model, emphasizing collaboration to mitigate risks.

Procurement 64

Procurement Supply Chain Optimization Leadership Real-time Visibility 64

Jaggaer

OCTOBER 24, 2024

Importance of Supplier Collaboration Supplier collaboration is the process of connecting and working together with trusted supplier partners to achieve agreed-upon business goals and initiatives. Collaboration brings visibility and agility for gaining market share.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

Spend Matters

JANUARY 5, 2024

Spend Analytics AnyData Solutions is used for spend analytics, contract management, supplier relationship management and ESG/performance tracking.

e2e 104

e2e Procurement supply chain software solutions Contract 104

Procurement Tactics

JUNE 7, 2023

The software enables streamlined supplier onboarding, robust performance tracking, efficient qualification management, and seamless collaboration on supplier contracts. Coupa Supplier Collaboration Coupa Supplier Collaboration is a cloud-based platform that helps buyers and suppliers work together more effectively.

supply chain software solutions 130

supply chain software solutions Collaboration Suppliers Supply Chain Efficiency 130

Jaggaer

APRIL 3, 2025

Inflationary pressures and price fluctuations caused by shortages and trade barriers call for capabilities such as cost modelling and scenario analysis in areas such as contract management. This includes skills in data science and AI management.

Procurement 52

Procurement Supply Chain Efficiency Contract Real-time Visibility 52

SCMDOJO

JUNE 6, 2024

Start with the Basics: Master the procurement fundamentals with introductory courses in this procurement training covering key concepts like sourcing strategies, negotiation tactics, and contract management. Gain a solid foundation to excel in any procurement role.

Procurement 105

Procurement Supply Chain Optimization Supply Chain Efficiency Ethics 105

IBM Supply Chain Blog

FEBRUARY 28, 2024

Sourcing teams are automating processes like data analysis as well as supplier relationship management and transaction management. For example, the IBM Sterling Transaction Manager automates manual transactions between businesses and suppliers.

Sourcing 94

Sourcing Strategy Supply Chain Efficiency e2e 94

Procurement Software

JANUARY 12, 2025

Examples of procurement tools in Notion: Policy and Procedure Hub Onboarding and Handbook for new employees & contractors Supplier Relationship Management 4. Examples of procurement tools in Bubble: Internally Hosted e-Procurement Catalogues Contract Management System Supplier Quality Management (SQM) Tracker 8.

Procurement 52

Procurement Purchase orders Collaboration Project management 52

Procurement Software

SEPTEMBER 24, 2024

Contracts Contract management automation has seen rapid growth. AI tools now handle tasks such as drafting basic contracts (e.g., NDAs) and extracting key contract terms, like payment conditions or liability clauses. This ensures compliance while reducing manual contract review work.

Procurement 52

Procurement Supplier relationship management Bidding Contract 52

Jaggaer

FEBRUARY 5, 2025

Predictive analytics can already empower procurement teams with actionable insights into spending patterns, supplier performance, the probability of on-time delivery, the risk of supply chain disruptions, and market trends that are difficult for humans to foresee. H uman expe rtise will remain indispensable in procurement.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

World of Procurement blog

APRIL 23, 2024

Risk Management : Assessing and mitigating risks associated with suppliers and agreements. Supplier Relationship Management : Building and maintaining positive relationships with suppliers. Contract Management : Navigating, drafting, and managing contracts with vendors.

Procurement 52

Procurement Ethics Supplier relationship management Market knowledge 52

World of Procurement blog

APRIL 23, 2024

Risk Management : Assessing and mitigating risks associated with suppliers and agreements. Supplier Relationship Management : Building and maintaining positive relationships with suppliers. Contract Management : Navigating, drafting, and managing contracts with vendors.

Procurement 52

Procurement Ethics Supplier relationship management Market knowledge 52

IBM Supply Chain Blog

DECEMBER 13, 2023

Additional goals might be risk management and mitigation, supplier relationship management and sustainability considerations. Tasks such as vendor selection criteria, contract management and compliance initiatives should be clearly defined. Be flexible.

Procurement strategies 65

Procurement strategies Strategy Procurement Supply Chain Efficiency 65

Procurement Leaders

JUNE 9, 2022

New digital tools: Dedicated project teams were set up over 2020 and 2021 to look at digital tools for spend, sustainability, and contract life-cycle management.

Category management 130

Category management Strategy Procurement Innovation 130

Empowering CPO

JULY 2, 2023

Modern procurement services encompass a wide range of activities such as strategic sourcing, category management, contract negotiation, risk management, and supplier relationship management. The outcome is not just cost savings but also improved supplier performance and risk mitigation.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40