ProcurePort

APRIL 28, 2022

• Vendor management refers to the set of activities an organization undertakes to optimize its working relationship with its suppliers. Vendor management activities involve cost management, risk management, contract negotiations, and performance evaluation. • appeared first on ProcurePort Blog.

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Vendor management Management Procurement Risk management 130

ProcurePort

APRIL 26, 2022

Below, we take a refined look at the difference between procurement and vendor management. […]. The post Difference Between Procurement and Vendor Management appeared first on ProcurePort Blog.

Vendor management 130

Vendor management Management Procurement Quality 130

Procurement Tactics

AUGUST 19, 2022

Vendor Management Best Practices — The Ultimate Guide of 2022. Vendor management best practices are utilized to boost business growth and productivity. For this article, we will discuss what the best practices in vendor management are. What is Vendor Management? Vendor sourcing .

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Vendor management Management e2e Negotiation 130

ivalua

JUNE 24, 2022

The post Holistic Vendor Management – Thales – Decathlon – AXA – Accor appeared first on Ivalua.

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Vendor management Management 130

ProcurePort

MAY 19, 2022

• Effective contract administration and vendor management are not easy to achieve, especially when an organization is dealing with multiple vendors. When done well, contract administration can create win-win situations for a business and its vendors. . However, if it […].

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Contract administration Vendor management Contract Management 130

ProcurePort

JUNE 8, 2022

. • Yet, such systems are not sufficient in an environment where the company has tens or hundreds of vendors. The post Top Vendor Management Problems and How to Overcome Them appeared first on ProcurePort Blog. Companies can get away with this when the supply chain is […].

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Vendor management Management Supply chain Supply 130

ProcurePort

AUGUST 17, 2020

Vendor management is an essential function of the procurement department, and is multifaceted in nature. HCM Works defines vendor management as, […]. The post A Vendor Management Guide for Procurement Leaders appeared first on ProcurePort Blog.

Vendor management 130

Vendor management Management Procurement Procurement team 130

Supply Chain Brain

APRIL 14, 2024

The frequency and magnitude of supply chain problems can be reduced through the use of supplier scorecards.

Vendor management 90

Vendor management Suppliers Management Supply chain 90

Una

OCTOBER 20, 2022

Vendor Management and Mitigating IT Supplier Risk. Vendor managers have come a long way from being a cost-savings shop. Cost savings will always be on the plate, but vendor managers are now managing risk from a governance and compliance perspective. The risks of ineffective IT vendor management.

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Vendor management Risk Suppliers Management 97

ProcurePort

APRIL 8, 2021

This makes IT supplier management a must. The post The IT Supplier Management Process – A Look at IT Vendor Management appeared first on ProcurePort Blog. Oftentimes, though, businesses choose to outsource IT services and bring in external teams. As such, the responsibilities revolved […].

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Vendor management Suppliers Management 130

CPO Rising

FEBRUARY 8, 2023

Join Ardent Partners and Evisort on February 28th from 2:00 PM to 3:00 PM ET for a discussion on Vendor Management: The Good, The Bad, and The Ugly. In this age of globalization and innovation, supplier performance continues to have a more direct and immediate impact on a company’s revenues and customer satisfaction.

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Vendor management Management Innovation Suppliers 52

CPO Rising

MARCH 31, 2023

Six Recommendations for Achieving Best-in-Class Vendor Management Performance: Centralize and […] Each list will include a variety of procurement tips, trends, insights, research, lists, strategies, and/or recommendations designed to help procurement teams improve operations.

Vendor management 52

Vendor management Management Procurement team Strategy 52

CPO Rising

FEBRUARY 13, 2023

With spend under management holding steady near 65% over the last few years, CPOs must now leverage […] In today’s world where globalization and innovation are critical to competitive survival, chief procurement officers rely on supplier specialization more than ever.

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Vendor management Chief Procurement Officer Management Suppliers 52

The Network Effect

NOVEMBER 7, 2019

The post The Potential and the Pitfalls of Vendor Managed Inventory (VMI) appeared first on The Network Effect.

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Vendor management Inventory Management Networking 60

CPO Rising

MARCH 29, 2023

In today’s global economy, managing supplier performance has become increasingly important for companies to maintain their revenues and customer satisfaction. Supplier performance can directly impact a company’s success, making it essential to find and engage with high-value suppliers and manage their performance effectively.

Vendor management 52

Vendor management Management Suppliers Import 52

Spend Matters

AUGUST 31, 2023

Procurement professionals and IT leaders tasked with managing software procurement today can often only focus on the top 20% of vendors. SaaS and vendor management has become increasingly complex Procurement and IT are being inundated with software access, vendor intake and renewal requests.

Data 101

Data Vendor management Procurement e2e 101

Procurement Heads

FEBRUARY 23, 2023

James Dobbin , Director and Head of Practice for Procurement Heads’ Financial & Professional Sector, added, “Across financial services, we’re seeing high demand for vendor management specialists, with the sector heavily regulated there’s a definite focus on operational resilience and risk.

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Vendor management Influencing Demand Risk management 130

ProcurePort

JUNE 14, 2022

• Businesses that deal with multiple vendors face a tough balancing act to optimize their procurement operations. They have to ensure that procurement costs are reasonable and that vendors meet expected quality standards. Proper vendor […]. The post How to Deal with Vendor Issues appeared first on ProcurePort Blog.

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Vendor management Quality Procurement Management 130

ProcurePort

MARCH 30, 2022

· What is supplier management process? What’s the importance of implementing good vendor management best practices? · And what are some vendor supplier relationship strategies you can adopt to streamline the supplier management process? But first, what is supplier management anyway?

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Suppliers Management Vendor management Strategy 130

ProcurePort

MARCH 29, 2022

You most likely depend on third-party vendors to efficiently run your routine operations if you own a business or an organization. Nevertheless, vendor management process workflow can present risks with serious financial, legal, and operational repercussions making vendor risk management a critical process.

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Risk management Risk Management Vendor management 130

Una

SEPTEMBER 14, 2022

Rohit started his career working in product development, and over time that evolved into vendor management roles in procurement. Today he continues that work and he has also co-founded a business called Vendor Management Office that helps track third party technology vendors. Highlights.

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Risk Vendor management Purchasing Product development 119

Procurement Tactics

MAY 24, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Vendor Scorecards — Everything You Should Know Vendor scorecards simplify vendor management and are an important factor in monitoring supplier performance. However, what is it?

Supply Chain Efficiency 186

Supply Chain Efficiency Vendor management Negotiation Quality 186

ProcurePort

JUNE 30, 2021

Is there a cost-effective way to effectively manage a supplier database? Procurement teams are always on the hunt for resources that allow them to streamline the vendor management process. This extremely useful system simplifies supplier management allowing for […].

Suppliers 147

Suppliers Vendor management Procurement team Procurement 147

ProcurePort

MAY 5, 2021

Building an agile supplier relationship is nearly impossible without the right management strategy. Robust supplier relationship management strategies can make a big difference. Instead of continuing to rely on legacy vendor management operations, it might be time to switch to newer, strategic supplier management best practices.

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Supplier relationship management Suppliers Management Vendor management 130

ProcurePort

MARCH 4, 2021

Do you sit up at night wondering what some of the best vendor management practices are and what methods you can adopt in your own campaigns that will yield favorable results? Well, supply base management may be just what you’ve […]. The post What is Supply Base Management?

Management 130

Management Vendor management Supply Suppliers 130

Procurement Heads

DECEMBER 7, 2022

We have three key areas: strategic sourcing, category management and vendor management, which is the onboarding and management of our suppliers and so on. We have 11 people in the function across strategic sourcing and vendor management, mainly based across two locations: London and Sofia in Bulgaria.

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Strategic sourcing Strategic sourcing Vendor management Category management 246

Spend Matters

APRIL 4, 2024

Vendor management system Deployed offers a platform of AI-driven solutions that aim to ease the pain of writing SOWs by reducing lengthy turnaround times, providing clarity in project scope and simplifying the end-user experience.

Procurement 85

Procurement Risk management Raw materials supply chain software solutions 85

Supply Chain Dive

AUGUST 9, 2022

The deal comes with new talent and technology aimed at vendor management, seamless shopping and anticipating demand.

Vendor management 101

Vendor management Demand Management 101

Spend Matters

NOVEMBER 3, 2022

Part 1 of our M&A coverage explored the history of the vendor management system (VMS) and where Utmost fits into the modern and increasingly HR friendly equation, alongside a more traditional contingent workforce vendor like Beeline. We also provided some comparative facts and figures on the two vendors.

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Vendor management Data Procurement Management 86

ivalua

JULY 12, 2021

Redwood City, CA, July 13, 2021 – Ivalua, a global leader in Cloud Spend Management solutions, announces an extension of its Procure-to-Pay solution with a new Inventory Collaboration capability. The ability to easily allocate stock to relevant storage locations (i.e. warehouse, plant, stockroom).

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Real-time Visibility Collaboration Inventory Supply Chain Optimization 130

Supply Chain Brain

DECEMBER 9, 2020

COVID-19 has taught the food industry some important lessons about modernizing quality, safety and vendor management.

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Vendor management Quality Import Management 128

Spend Matters

JANUARY 4, 2024

The platform includes an AI recommendation engine, a no-code approval flow and a vendor management component. This Vendor Analysis provides an overview of Opstream, a look at the competitive landscape, tech selection tips and an analyst summary.

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Vendor management Buyers Procurement Management 83

ivalua

MARCH 21, 2022

This year, we’ve invited industry thought leaders to join 5 expert panels covering data, supplier collaboration, procurement finance, and vendor management. Breakout : Holistic Vendor Management: How to effectively assess, manage and engage suppliers. Breakout Sessions. Breakout : Data-Driven Procurement.

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Vendor management Leadership Collaboration Innovation 130

Empowering CPO

JUNE 20, 2023

Introduction In today’s dynamic and complex business landscape, effective vendor management has become more crucial than ever. It’s no longer just about procuring goods and services at the lowest possible cost, but it also involves nurturing strategic relationships, managing risks, and ensuring performance and quality.

Vendor management 40

Vendor management Vendor relationships Management Supply Chain Efficiency 40

Spend Matters

OCTOBER 20, 2022

Categories: Analysis , Breaking News , Industry News , M&A , Services Procurement & Contingent Labor Management , Solution Providers , SOW Tags: EU , PRO Earlier this week, Beeline, one of the two largest vendor management system (VMS) providers, announced it was acquiring Utmost, a services procurement and total talent management SaaS vendor (..)

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Vendor management Procurement Management 90

Planergy

JANUARY 19, 2024

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This cross-functional collaborative approach can lead to better project outcomes, increased stakeholder satisfaction, and stronger vendor relationships. Learn about us, and our long history of helping companies just like yours.

Vendor management 52

Vendor management Suppliers Quality Supply Chain Efficiency 52

Procurement Foundry

OCTOBER 5, 2022

This pivot includes those in charge of vendor management systems, supplier management, and more. Numerous procurement reforms, constantly changing trends, and other unforeseen circumstances in the market have spurred on this evolution.

Procurement 52

Procurement Vendor management Suppliers Management 52