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Supplier Performance Management – The Ultimate Guide

SCMDOJO

It is arguably true that supplier performance management is considered a business practice for measuring, analyzing, and managing supplier performance to reduce cost, and risk and also drive continuous improvement. Managing and optimizing a supplier’s performance is as essential as it is difficult. How is it possible?

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How is technology transforming global sourcing ?

Claritum

However, you could also face many challenges when globally sourcing across geopolitical boundaries. Your business could struggle to achieve visibility of its global supply chain. Without good visibility, maximising the benefits from global sourcing is impossible, as it is impossible to track exactly how much is being spent.

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How Supplier Risk Management needs to evolve in 2021

Zycus Cognitive Procurement

Now that the situation is slowly moving towards normalcy, supply chain and procurement teams are under insurmountable pressure to monitor and mitigate supplier risks and compromise competitiveness closely. The increased complexity of supply chains and global nature has expanded the scope of supply chain risk management.

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Mastering the Art of Strategic Sourcing: Essential Tips and Tricks

Empowering CPO

Understanding Strategic Sourcing: Strategic Sourcing is a multifaceted strategy that extends beyond cost reduction, focusing on building resilient supply chains and optimizing long-term competitiveness. It integrates market intelligence, data analytics, and robust supplier relationships.

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Procurement in the Age of Uncertainty: 4 Lessons from the New Forrester Study

ivalua

As the lynchpin to suppliers, they play a pivotal role in combatting the effects of inflation, ensuring supply continuity, complying with regulatory requirements, improving sustainability and other top business priorities. The biggest gains in sustainability typically come from working with suppliers rather than finding new ones.

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Episode 138: Procurement Out of This World with Kris Lance

Una

Space Force, is shaking up procurement processes and approaches: Finding ways to speed up the procurement process so the U.S. Space Force, is shaking up procurement processes and approaches: Finding ways to speed up the procurement process so the U.S.

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4 strategic sourcing use cases to strengthen your supply chain

IBM Supply Chain Blog

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. 3 Building a viable and sustainable ecosystem of partners is complex.