Ethics, Sourcing and Vendor management - Purchasing & Procurement Zone

Ethics

Sourcing

Vendor management

Supplier Tiers: What’s The Difference Between Tier 1, Tier 2, and Tier 3

Planergy

JANUARY 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Knowing your suppliers can have far-reaching implications for a business, from quality control to legal ramifications and ethical concerns. How to gain visibility and control of your indirect spend. Download Free Copy.

Suppliers

Suppliers Supply Chain Efficiency Raw materials supply chain budgeting

AI and the practice of Procurement – Contracting and Legal

Spend Matters

MARCH 25, 2024

But I do see it being transformative in due diligence, in transforming contract negotiation and, more importantly, in transforming vendor management. I believe that in 3-5 years’ time, we won’t be looking at ‘Contract Lifecycle Management,’ we’ll be actually doing ‘relationship management.’

Procurement contracts

Procurement contracts Contract Procurement Negotiation

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Trending Sources

Procurement vs Purchasing: What’s the Difference?

Procurify

MAY 12, 2022

One focuses on transactional functions, for example, while the other focuses on the strategic process of product sourcing. Procurement managers deal with things like: Sourcing activities and tactical sourcing. Negotiation and vendor management. Vendor management and vendor performance tracking.

Purchasing

Purchasing Procurement Purchase orders Cost of ownership

What Does a Procurement Manager Do? Job Description and Requirements

SCMDOJO

APRIL 20, 2023

Key Responsibilities · Develop and implement procurement policies, procedures, and strategies to optimize the procurement process. · Identify cost-saving opportunities and negotiate favorable terms and pricing with vendors. · Manage supplier relationships and evaluate supplier performance to ensure quality, delivery, and cost (..)

Management

Management Procurement Contract management Supply Chain Optimization

Towards stronger, better supplier relationships in 2022

Zycus Cognitive Procurement

FEBRUARY 14, 2022

For instance, if a supplier is using unethical sourcing techniques, like employing children, it could speak to what you condone as an organization. When striving for strong supplier relationships, you must consider the entire essence of the vendor’s firm. Invest in dedicated supplier relationship management technology!

Suppliers

Suppliers Supply Chain Efficiency Supplier relationship management Vendor relationships

Preferred Vendor: What They Are and Why You Should Have A Preferred Vendor Program

Planergy

NOVEMBER 1, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Preferred Vendor: What They Are and Why You Should Have A Preferred Vendor Program. Ethical Sustainability & Responsibility Procurement Supplier Relationship Management. Download Free Copy.

Contract

Contract Suppliers Buyers Price

Supplier Performance Management: How and What To Measure

Planergy

SEPTEMBER 8, 2022

This includes adhering to regulatory requirements, ethical sourcing practices, etc. This data can come from various sources, including financial reports, customer surveys, delivery reports, quality control data, and more. Flexibility / Agility. Compliance. Factors To Consider When Setting Goals For Suppliers.

Suppliers

Suppliers Management Supplier relationship management supply chain budgeting

Supply Chain Alone Can’t Solve Sustainability But it Has a Part to Play!

Supply Chain Game Changer

JANUARY 8, 2020

Companies have realized that big data allows them unparalleled insight into the best ways to source raw materials and products, and the best ways to move those products to consumers – and Supply Chain Management has become a key strategic differentiator in a number of industries. They’re at the forefront of this future-focused work.”.

Supply Chain Efficiency

Supply Chain Efficiency Sustainability Supply chain Raw materials

The Big Interview with Chris Minter

Procurement Heads

FEBRUARY 22, 2023

For example, I have chartered aircraft to transport helicopters, equipped a workshop with tooling to build an armoured truck and sourced ventilators for the Zurich Foundation during the pandemic – which were donated to a clinic in India that was really struggling.

Sustainability

Sustainability Influencing Suppliers Procurement

PRESS RELEASE: 2018 Sustainable Purchasing Leadership Award Winners Announced

SPLC (Sustainable Purchasing Leadership Council)

MAY 18, 2018

SPLC’s highest honor was presented to Bon Appétit Management Company for having put in place a comprehensive sustainable purchasing program that exemplifies the qualities defined in SPLC’s Principles for Leadership in Sustainable Purchasing. University Procurement Mobilizing for Ethical Labor Standards. More about this case study.

Leadership

Leadership Purchasing Sustainability Supply Chain Efficiency

Elevating Procurement Excellence: Key Strategies to Optimize Procurement Processes

Skill Dynamics

OCTOBER 19, 2023

This is all done alongside the achievement of cost-effective procurement and robust vendor management. Complex and increasingly global supply chains have changed all this, with the focus shifting to tactically managing supplier relationships, reducing disruption-based risks, and ensuring the quality and reliability of supply.

Supply Chain Optimization

Supply Chain Optimization Strategy Procurement Vendor management

Types of Procurement Reports: Definition & Benefits

SCMDOJO

DECEMBER 11, 2023

This clarity is vital for assessing compliance with internal policies, industry regulations, and ethical standards. Data Collection and Aggregation: Procurement Data Sources: Gathers information from various sources such as invoices, purchase orders, and contracts. goods, services, or indirect spending).

Supply Chain Efficiency

Supply Chain Efficiency Purchase orders Procurement Bidding

What is Product (or Master) Data Management?

Supply Chain Game Changer

APRIL 30, 2019

More importantly their work ethic, professionalism, and attitude was nothing short of heroic. Wikipedia defines Product Data Management as “the use of software or other tools to track and control data related to a particular product. The data was held centrally and was the single source of the truth.

Data

Data Bill of materials Management supply chain software solutions

Seasoned Leadership in Action™! An Interview with Skip Boothby!

Supply Chain Game Changer

NOVEMBER 19, 2018

Some parts were manufactured internally and most others were sourced around the world. This drove our decision to enter into sourcing services, vendor management and supplier owned inventories. And by that, I mean with integrity and ethically. Have the courage of your convictions.

Leadership

Leadership supply chain software solutions Bill of materials Real-time Visibility

Supplier Tiers: What’s The Difference Between Tier 1, Tier 2, and Tier 3

AI and the practice of Procurement – Contracting and Legal

Trending Sources

Procurement vs Purchasing: What’s the Difference?

What Does a Procurement Manager Do? Job Description and Requirements

Towards stronger, better supplier relationships in 2022

Preferred Vendor: What They Are and Why You Should Have A Preferred Vendor Program

Supplier Performance Management: How and What To Measure

Supply Chain Alone Can’t Solve Sustainability But it Has a Part to Play!

The Big Interview with Chris Minter

PRESS RELEASE: 2018 Sustainable Purchasing Leadership Award Winners Announced

Elevating Procurement Excellence: Key Strategies to Optimize Procurement Processes

Types of Procurement Reports: Definition & Benefits

What is Product (or Master) Data Management?

Seasoned Leadership in Action™! An Interview with Skip Boothby!

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