Remove Management Remove Purchasing Remove Supply management
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Analyst eye on how purchasing must really become supply management

Spend Matters

Forty years ago, the Harvard Business review published Peter Kraljic’s article ‘ Purchasing Must Become Supply Management ,’ which debuted the supplier segmenting method that we now know as the Kraljic matrix. For this, you really need supply management.

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The Advantages of Big Data Analytics in Suppliers Management

All Things Supply Chain

Traditionally, purchasing and supply management (PSM) has strongly relied on data management, as procurement managers need to dispose of, clean, and update data of different natures to compare suppliers’ performance,…

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In what ways has purchasing evolved over the past 40 years?

Procurement Insights

EDITOR’S NOTE: Join me in a great conversation on LinkedIn regarding purchasing’s evolution since the 1983 seminal Harvard Business Review article “Purchasing Must Become Supply Management” by Peter Kraljic. ” In what ways has purchasing evolved over the past 40 years?

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Supply Management and Performance

NLPA (Next Level Purchasing Association)

One of the essential mechanisms of Supply Management and Performance is a Supplier Rating Program, where you will collect, analyze, and use data to optimize supplier performance. The Complete Supplier Management Strategy. Supplier Management Strategy. Supplier Management Metrics. Strategic Supplier Management.

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How to Use Group Purchasing as a Cost Reduction Strategy

Una

How to Use Group Purchasing as a Cost Reduction Strategy. For most of us, 2020 was no time to purchase a new car or book a future trip to Disneyland. Likewise, manufacturers hit by falling demand also had to deal with impacts on the supply-side , particularly those who rely on China for key parts or components. in April 2020.

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Understanding Spend Management Perspectives: CFO, CEO, Procurement Director & Procurement Manager

NLPA (Next Level Purchasing Association)

Spend Management is a critical function within an organization, and it involves the strategic management of the company’s spending to reduce costs, improve efficiency, and enhance profitability. However, the Director’s perspective will likely be more strategic, while the Manager’s perspective may be more operational.

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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?