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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. But,” Bertrand asks, “what is your supplier buying?

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The Guide to Writing the Supply Management Plan

All Things Supply Chain

Supply management is one of the key components of a successful business, regardless of its niche or service portfolio. Once you find a suitable supplier or B2B partner with the…

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Supplier discovery versus vendor rationalization: A case of an irresistible force meeting an immovable object

Procurement Insights

How important is supplier discovery to your company? Looking at the actual numbers, however, can catch even veteran supply managers off guard.” New tools can cut the time required to find the right suppliers by 90 percent or more.” percent) chemical manufacturing (7.7) engineering and construction (4.0)

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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.

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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. There are five questions that need to be answered when planning a supplier rating program: Which suppliers will you rate?

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Disruptions are Inevitable – Do You Have a 360° View of Your Suppliers?

Jaggaer

It’s arguably never been more important to have a 360° view of your suppliers than it is right now. Exemplified by the current global pandemic, supply chains are being disrupted in a historic fashion. Some of these issues could’ve been avoided, or at least minimized with a stronger supplier strategy.

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What Makes a Supplier “Strategic”? Not Spend Volume.

Jaggaer

The recent disruptions to supply chains caused by the coronavirus epidemic in China have given supply managers the world over pause for thought. Now more than ever, businesses must improve the efficiency of their supply chains not only to maintain a competitive advantage but also to reduce risk. And in what ways?

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