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‘Return on Relationships’ – the ROI of building supplier relationships and how to measure it

Spend Matters

The annual State of Flux global supplier relationship (SRM) management study made its appearance in London last week at the 2024 Supplier Management Summit in its 16th rendition, this time themed ‘Return on Relationships (RoR). Governance — Determining which suppliers bring the most value to the business and which to prioritize.

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Reducing Inventory Waste Through On-Demand Production

SCMDOJO

Excess inventory weighs down supply chains. The Hidden Costs of Traditional Inventory Models Traditional inventory models were built for predictability. It aligns inventory with actual demand, reduces warehouse costs, and limits the risk of obsolescence. But in volatile markets, they often backfire.

Demand 95
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Inventory Reconciliation — Everything You Should Know

Procurement Tactics

51 ChatGPT Prompts to 10X Your Productivity in Procurement Download ChatGPT PDF Procurement Courses  Or receive our famous weekly newsletter Inventory Reconciliation — Everything You Should Know Inventory reconciliation allows companies to know the difference in their stocks between their records and in their warehouses.

Inventory 207
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Inventory Management — Everything You Should Know

Procurement Tactics

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Management — Everything You Should Know Inventory management enables companies to ensure that they always have enough stock to fulfill customer orders. What is Inventory Management?

Inventory 187
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Here’s a comprehensive list of the top 100 skills that a Procurement Manager should master

Procurement Templates

Here’s a detailed guide to enhance procurement capabilities across various domains: Strategic Sourcing and Supplier Management Actionable Steps: Analyze Spend Data: Use spend analysis tools to identify areas where costs can be reduced or efficiencies improved. Workshops on negotiation and supplier relationship management.

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Supplier Collaboration: Driving Innovation and Competitive Advantage

Jaggaer

Supplier Collaboration: Driving Innovation and Competitive Advantage In today’s hyper-connected global economy, where supply chains span continents, and industries are interlinked globally, supplier collaboration serves as the foundation to drive innovation and create a future-ready organization. What is supplier collaboration?

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How to implement a future-ready e-procurement function

Spend Matters

It is now a strategic enabler of operational efficiency, cost savings and supplier innovation. Heres where e-procurement processes often break down: Fragmented catalog and supplier management: Inconsistent supplier onboarding and unstructured catalogs result in pricing discrepancies and procurement delays.