Procurement Leaders

MAY 2, 2024

We spoke a lot about value creation, about supplier relationship management and about how he was structuring his team with that purpose in mind. And it’s the reason why he shared that fewer than 20 suppliers were embedded formally into the company’s supplier relationship management (SRM) programme.

Supplier relationship management 130

Supplier relationship management Risk management Sustainability Leadership 130

Art of Procurement

DECEMBER 1, 2024

The post Is Supplier Relationship Management the Key to Procurement’s Success? “If you want to be a customer of choice, it’s not going to come down to the contract, it’s going. appeared first on Art of Procurement.

Supplier relationship management 52

Supplier relationship management Suppliers Management Contract 52

SCMDOJO

OCTOBER 28, 2024

Review Supplier Performance Performance Measurement: S&OP provides a framework for tracking supplier performance against agreed-upon metrics, such as delivery time, quality, and cost. Supplier Relationship Management: Regular performance reviews help build trust and strengthen relationships with suppliers.

Procurement 91

Procurement Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 91

Empowering CPO

MAY 31, 2023

Introduction In today’s interconnected world of business, Supplier Relationship Management (SRM) stands as a pillar of success for organizations across the globe. It’s the concerted effort of strategically planning and managing all interactions with suppliers that supply any goods and/or services to an organization.

Supplier relationship management 52

Supplier relationship management Collaboration Suppliers Supply Chain Efficiency 52

Empowering CPO

JUNE 27, 2023

This transformative practice enables organizations to delve deep into their purchasing data, gaining invaluable insights that can revolutionize their supplier relationship management (SRM) strategies.

Supplier relationship management 52

Supplier relationship management Suppliers Management Negotiation 52

Zycus Cognitive Procurement

JULY 30, 2021

SUPPLIER RELATIONSHIP MANAGEMENT (SRM) MATURITY IS CORRELATED WITH PROFITABILITY. Hence, procurement teams are compelled to scale up, scale down, pause, or even accelerate processes depending on the market situation and current supplier dynamics. Learn More: Vendor Management.

Supplier relationship management 52

Supplier relationship management Suppliers Management Procurement 52

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. The essence of SRM lies in recognizing the interdependence between an organization and its suppliers.

Supplier relationship management 40

Supplier relationship management Suppliers Import Management 40

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

ivalua

FEBRUARY 8, 2023

As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these. But building an agile, resilient supply chain doesn’t happen overnight; it requires forethought and planning.

Supply chain resilience 242

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

Skill Dynamics

JANUARY 9, 2025

Capability 2: Supplier Relationship Management A supply chain is only as strong as the relationships within it. Developing strong relationships with the key stakeholders throughout your supply chain can lead to cost savings, a better customer experience, and higher resilience to any potential challenges that may arise.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Supply chain 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

Procurement Insights

MAY 14, 2025

Risk Mitigation and Supplier Management Den Hamer: AI simulation can predict risks, but his expertise doesnt emphasize supplier management directly, limiting its impact on addressing disruptions like tariff increases. Ramos: Generative AI can streamline supplier interactions (e.g.,

Supply Chain Optimization 59

Supply Chain Optimization Contract Supplier relationship management Procurement strategies 59

Arkestro

DECEMBER 26, 2024

E-procurement implementation creates a direct connection between the supplier and buyer, helping to optimize business-to-business (B2B) and business-to-consumer (B2C) processes like emails, data entry, invoice management, purchase orders, and bids. Subscribe to news from Arkestro. No spam, just relevant procurement news and tips.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Jaggaer

OCTOBER 24, 2024

Ensuring that your suppliers understand your commitment to customer satisfaction will help build a more responsive and reliable supply chain. Suppliers play a crucial role in ensuring your business adheres to these standards. Want to take a deeper dive into supplier development?

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain software solutions 52

HICX

SEPTEMBER 11, 2023

Table of Contents What is supplier risk management? What are the benefits of supplier risk management? What is supplier risk management? It should be considered an essential part of an organization’s wider risk management strategy.

Risk management 52

Risk management Risk Suppliers Management 52

Procurement Insights

MAY 1, 2025

Supplier Relationship Management: Archives provide a full view of supplier performance over time, supporting better selection, development, and negotiation.

Procurement 40

Procurement Supplier relationship management Supply Chain Optimization Negotiation 40

Procurement Insights

JANUARY 3, 2025

20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. Analytics and insights from procurement data were minimal.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

ivalua

AUGUST 1, 2022

In doing so, they have improved supplier collaboration and created a greater capacity for resilience, innovation, and continuous improvement. . How do these organizations build their supplier management programs? or a contractual relationship. Manage and mitigate the inherent risk of supplier relationships.

Suppliers 130

Suppliers Management Supply Chain Efficiency Supplier relationship management 130

Una

APRIL 13, 2023

Once you have identified the segmentation criteria, categorize suppliers based on these factors. These vendors are now a part of your Supplier Relationship Management program. What does Supplier Relationship Management (SRM) involve?

Suppliers 98

Suppliers Supplier relationship management Agile and Lean Supply Chain Supply Chain Optimization 98

SCMDOJO

APRIL 26, 2023

Job Description and Requirements ] At a glance: What is Category Management in Procurement? Category Management Software What is Category Management in Procurement? This strategy also ensures strategic supplier relationship management as per the various categories.

Category management 101

Category management Management Supplier relationship management supply chain software solutions 101

ivalua

JUNE 1, 2022

Procurement teams had to work closely with suppliers to find creative ways to solve problems, and they instantly realized the benefits of transparency in their supply chains and supplier risk management for business continuity in times of crisis.

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

ivalua

MARCH 16, 2021

Procurement teams had to work closely with suppliers to find creative ways to solve problems, and they instantly realized the benefits of transparency in their supply chains and supplier risk management for business continuity in times of crisis.

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

SCMDOJO

FEBRUARY 15, 2025

How to Apply the Principles to Supply Chain Risk Mitigation Identify and Assess Risks Risk management is a fundamental aspect of supply chain operations and is essential for minimizing disruptions. Businesses need to identify vulnerabilities in their networks, from supplier dependencies to transportation delays.

Project management 78

Project management Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 78

Procurement Insights

MAY 16, 2025

Develop AI Strategy Developing an AI strategy means creating a comprehensive plan that encompasses vision, value realization, risk management, and adoption pathways. supplier relationship management). Balance AI with Human Expertise Hybrid decision-making : Use AI for data analysis (e.g.,

Ethics 52

Ethics Suppliers Supplier relationship management Influencing 52

Planergy

MARCH 19, 2025

How better management in AP can give you better flexibility for cash flow management. The Role of Technology in Supplier Management for Schools Adding technology like PLANERGY improves school supplier relationship management through automated workflows, fewer errors, and actionable data insights.

Suppliers 52

Suppliers Management supply chain budgeting Supply Chain Efficiency 52

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. Its also vital that you effectively manage supplier contracts to reduce risk and maximize supplier value.

Procurement 59

Procurement Supply Chain Efficiency Supply Chain Optimization supply chain budgeting 59

Procurement Leaders

DECEMBER 9, 2022

How important are supplier relationships to you achieving your goals, especially during times of crisis? Supplier relationship management has been key for Novozymes in terms of securing continuous supply.

Collaboration 162

Collaboration Supply Chain Efficiency Raw materials Supplier relationship management 162

SCMDOJO

SEPTEMBER 24, 2024

Risk Management : Outsourcing exposes companies to risks such as supply chain interruptions, price fluctuations, or geopolitical issues. Internal production mitigates these risks but requires more resources and limits the company’s ability to scale rapidly.

Supply Chain Efficiency 98

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

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

Spend Matters

NOVEMBER 14, 2024

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).

Suppliers 117

Suppliers Raw materials Collaboration Management 117

SCMDOJO

JUNE 27, 2024

How Does Supplier Relationship Management Contribute to Efficiency? Effective management of supplier relationships enhances the reliability and cost-effectiveness of the supply chain. Enroll in our newly launched course Supplier Relationship Management on our SCMDOJO website to learn more about it!

Supply Chain Efficiency 96

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain Supply chain 96

Jaggaer

APRIL 18, 2019

Core activities like spend analysis are moving toward real-time, custom and predictive analytics, while less-mature analytics functions like risk management will join procurement’s list of fundamental responsibilities. Leverage supplier relationship management (SRM). Improve analytical capabilities.

Procurement 78

Procurement Supplier relationship management Eprocurement Risk management 78

Procurement Heads

SEPTEMBER 1, 2022

Where the needs are focusing on driving value, third-party risk management and ensuring “in life” contracts are meeting expectations. . Particularly strong demand is being seen across: Financial services Fintech Consultancies Energy and utilities The public sector – especially local and central government and the NHS.

supply chain software solutions 130

supply chain software solutions Supply chain Supplier relationship management Demand 130

IBM Supply Chain Blog

MAY 1, 2024

Supplier relationship management Generative AI can analyze supplier performance data and market conditions to identify potential risks and opportunities, recommend alternative suppliers and negotiate favorable terms, enhancing supplier relationship management.

Supply Chain Optimization 78

Supply Chain Optimization Agile and Lean Supply Chain Supply Chain Efficiency Supply chain 78

Spend Matters

APRIL 30, 2025

Although some consider orchestration jargon or a buzzword, it essentially manages and governs on steroids. In this context, supplier orchestration becomes a necessary foundation not just for supplier relationship management (SRM) but for broader third-party risk management (TPRM).

Suppliers 80

Suppliers Management Real-time Visibility Agile and Lean Supply Chain 80

Spend Matters

FEBRUARY 19, 2024

Companies need to grasp the many dimensions of ‘risk’ to understand their exposure and increase their risk awareness (and resilience) by embedding risk in critical decision-making processes. Kodiak Hub helps companies address such challenges.

Risk 113

Risk Suppliers Supplier relationship management Sustainability 113

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. We can add sustainability, ESG and supplier diversity to the growing list of broadened responsibilities.

Procurement 52

Procurement Supply Chain Efficiency Contract Real-time Visibility 52