ProcurePort

MAY 19, 2021

In procurement, the practice of maintaining vendor relationships is known as supplier management. This is essentially economics 101, but it’s an important and powerful principle that applies to a wide variety of industries. Supplier management is arguably one of […]. The post What is Supplier Management?

Suppliers 130

Suppliers Vendor relationships Management Influencing 130

Supply Chain Dive

SEPTEMBER 30, 2022

The retailer is prioritizing vendor relationships following reports of suspended shipments.

Vendor relationships 99

Vendor relationships Suppliers 99

Fraxion

FEBRUARY 15, 2024

Efficiently handling accounts payable (AP) is essential for financial accuracy, timely payments, steady cash flow, and positive vendor relationships. For companies of all sizes, it's crucial to ensure that your financial operations run smoothly for sustained growth and a competitive edge.

Vendor relationships 40

Vendor relationships Sustainability 40

Procurement Bulletin

FEBRUARY 2, 2023

How to Assess Vendors to Lower Staff Medical Costs Want to improve health care benefits for your staff yet keep the costs low? 5 Tips to Negotiate Over ANYTHING Negotiating is a key skill not just in procurement and vendor relationships, but in your every day life. Here’s how.

Negotiation 92

Negotiation Vendor relationships Supply chain Risk 92

Pipefy

JANUARY 11, 2023

Vendor relationships are complex. Building solid partnerships with different vendors requires flexibility, coordination, and clear communication. Below, we take an in-depth look at managing vendor relationships and the tools, systems, and strategies needed to successfully build a network of reliable and trusted vendors. .

Vendor relationships 59

Vendor relationships Management Procurement team Vendor management 59

ivalua

FEBRUARY 6, 2021

Working capital, cyber security, contractual terms, vendor relationships and business agility are just some of the areas impacted. Riding the Wave: How to Unlock Value from the Shift to Cloud-based Technology. Abstract: The relentless shift towards the cloud has major implications for corporate IT spending.

Vendor relationships 100

Vendor relationships Procurement Management 100

ivalua

FEBRUARY 4, 2021

Working capital, cyber security, contractual terms, vendor relationships and business agility are just some of the areas impacted. Riding the Wave: How to Unlock Value from the Shift to Cloud-based Technology. Abstract: The relentless shift towards the cloud has major implications for corporate IT spending.

Vendor relationships 100

Vendor relationships Procurement Management 100

ContractSafe

MAY 10, 2022

Contract management reports provide data for analyzing everything from compliance, budgets, and finances — to project bids, vendor relationships, and contract task management.

Contract management 52

Contract management Contract Vendor relationships Management 52

Supply Chain Brain

SEPTEMBER 2, 2020

Supplier onboarding is about creating smooth and manageable processes to develop strong buyer-vendor relationships — the kind that result in improved outcomes for all parties involved.

Vendor relationships 81

Vendor relationships Suppliers Buyers Management 81

Empowering CPO

JULY 17, 2023

By taking on the complexities of procurement, these services allow businesses to focus on their core competencies, while reaping the benefits of optimized supply chains, cost savings, and improved vendor relationships. Improved Vendor Relationships: Supplier relationships play a crucial role in the success of procurement.

Management 52

Management Procurement Vendor relationships Supply Chain Efficiency 52

Fraxion

JUNE 1, 2023

As a purchasing manager, you play a crucial role in driving procurement process efficiency, cost savings, compliance, and maintaining strong vendor relationships. Your responsibilities encompass a wide range of tasks that contribute to the overall success of the procurement process and, in turn, the success of the company.

Purchasing 40

Purchasing Vendor relationships Management Procurement 40

World of Procurement blog

APRIL 23, 2024

RFPs, when executed effectively, can unlock tremendous value for organizations, fostering innovation and efficiency while ensuring the best possible vendor relationships. It varies but typically ranges from a few weeks to several months, depending on the project's complexity.

Procurement 52

Procurement Vendor relationships Budget Bidding 52

World of Procurement blog

APRIL 23, 2024

RFPs, when executed effectively, can unlock tremendous value for organizations, fostering innovation and efficiency while ensuring the best possible vendor relationships. It varies but typically ranges from a few weeks to several months, depending on the project's complexity.

Procurement 52

Procurement Vendor relationships Budget Bidding 52

Procurement Tactics

AUGUST 9, 2022

The Importance of Supplier/Vendor Relationships. Establishing and maintaining a strong vendor relationship is important to customer service, quality, cost efficiency, and market development. . Want to take your negotiation results to the next level? ENROLL NOW. The same is true in the field of procurement.

Vendor relationships 130

Vendor relationships Quality Price Bidding 130

Procurement Tactics

JULY 18, 2022

Focuses on creating long-term vendor relationships. Focuses on transactions than vendor relationships. Includes need recognition, contract source, and sourcing. Refers to a set of tasks that spot and fulfill needs. Follows a proactive approach to spot and fulfill needs. Purchasing. Used in a wholesale environment.

Procurement 130

Procurement Negotiation Vendor relationships Purchasing 130

Shapiro Negotiations Institute

JANUARY 26, 2024

The team initially faced apprehension in negotiations, often hesitating to question or push back for fear of straining vendor relationships. It highlighted their strengths, weaknesses, and areas needing improvement.

Negotiation 59

Negotiation Procurement Procurement team Vendor relationships 59

Fraxion

JUNE 28, 2023

Better vendor relationships: A faster purchasing cycle can help organizations build stronger relationships with their vendors and qualify for more favorable terms and discounts. Improves operational efficiency. Faster, more efficient processes lead to time and cost savings.

Purchase orders 52

Purchase orders Vendor relationships Spend management Purchasing 52

ivalua

SEPTEMBER 10, 2019

Success in this metric also contributes to long-term vendor relationship management. #4 The ability to pay on time suggests procurement has negotiated good terms for the business and that finance runs its part of the payment process effectively. It could also indicate your digital workflow is functioning as it should.

Vendor relationships 140

Vendor relationships Suppliers Negotiation Data 140

Procurement Insights

JANUARY 17, 2024

My simple take on what you shared is that whether they know it or not, our customers aren’t looking for just a vendor. That’s a vendor relationship on steroids. They are looking for a partner. When you listen to them, support them, make suggestions, and look out for their best interest, they will see you as a partner.

Procurement solutions 67

Procurement solutions Procurement Vendor relationships Suppliers 67

IBM Supply Chain Blog

MAY 9, 2023

Cleanslate helped their client implement IBM’s CloudPak for Security on AWS using existing spend commitments with AWS, thus meeting the client where they are while capitalizing on strategic vendor relationships.

Vendor relationships 99

Vendor relationships Strategy Budget Quality 99

Procurement Tactics

AUGUST 19, 2022

Paying in time can foster good vendor relationships. . 4 Vendor Management Best Practices. It includes data security, intellectual violations, compliance issues, and lawsuits. Once the organization receives the goods and the invoice , it is now time to make timely a payment. Editor's note: Hi there! ENROLL NOW.

Vendor management 130

Vendor management Management e2e Negotiation 130

Procurement Tactics

MAY 24, 2023

As a result, negotiations become more transparent, and the vendor relationship becomes stronger, even if the negotiations are complex. Frequently asked questions + What is a vendor scorecard? This can help to remove any emotional biases from negotiations and enable both parties to find mutually beneficial solutions.

Supply Chain Efficiency 186

Supply Chain Efficiency Vendor management Negotiation Quality 186

ivalua

DECEMBER 20, 2019

Upstream pre-contract sourcing activities include aligning the potential supplier relationship with business plans, defining scope and specifications of needs, and identifying the supplier prospect portfolio and who should be shortlisted. . Downstream activities include: Project planning. Development and innovation sharing.

Suppliers 100

Suppliers Contract Vendor relationships Innovation 100

SCMDOJO

SEPTEMBER 26, 2023

This blog give an overview of Supply Chain Management With JDE Managed Services Utilizing JDE can assist with reducing inventory to remain more agile, organizing logistics, and maintaining great vendor relationships, but it can only do so if skillfully implemented and maintained by a professional team.

Supply chain management 72

Supply chain management Supply chain management supply chain software solutions Agile and Lean Supply Chain 72

Zycus Cognitive Procurement

FEBRUARY 14, 2022

In light of this, enterprise leaders must keep their eyes peeled for healthy vendor relationships that will last beyond 2022. In this blog, we will highlight some high-risk areas that need fixing and ways you can go about building better supplier relationships. The era of the linear, traditional supply chain is long gone.

Suppliers 52

Suppliers Supply Chain Efficiency Supplier relationship management Vendor relationships 52

ivalua

APRIL 27, 2023

However that’s only part of the puzzle – strong vendor relationships are equally essential. As such, many organizations are increasing technology investments and digital transformation efforts to benefit from long-term cost savings and efficiencies.

Supply Chain Efficiency 130

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Sustainability 130

ivalua

APRIL 27, 2023

However that’s only part of the puzzle – strong vendor relationships are equally essential. As such, many organizations are increasing technology investments and digital transformation efforts to benefit from long-term cost savings and efficiencies.

Sustainability 130

Sustainability Risk Supply Chain Efficiency Agile and Lean Supply Chain 130

Spend Matters

MARCH 25, 2024

“Historically, there has been value leakage from siloed negotiations of contracts with the same vendor. There is typically no reason to have different contracts with the same vendor. Our goal should be a master agreement containing the overall terms of the vendor relationship with sub agreements limited to the project’s specific terms.

Procurement contracts 116

Procurement contracts Contract Procurement Negotiation 116

ivalua

JUNE 29, 2020

In order to this effectively, a strategic sourcing solution is likely required as ERPs typically have limitations here, particularly in collaborating with vendors. Perhaps an increase in self-contracting activities to provide more visibility into and control of vendor relationships. .

Agile and Lean Supply Chain 219

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 219

Barkers Procurement

AUGUST 14, 2023

This reduces the exposure of the organisation in vendor relationships. A good change management programme can offer insight into ongoing improvement efforts and visibility into supplier performance indicators. Procurement transformation projects are complex, but they’re also one of our major areas of expe rtise.

Change management 52

Change management Management Procurement Vendor relationships 52

Supply Chain Game Changer

MARCH 9, 2022

Companies that have contributed solutions in the space are known as “ vendor relationship management ” firms, examples of which include companies such as Parq. These platforms’ robust data segregation minimizes the possibility of storage silos and offline communications. Operational Procurement.

Procurement 108

Procurement Supply Chain Efficiency Supply Chain Optimization supply chain budgeting 108

ivalua

NOVEMBER 10, 2020

Step 2: Use e Procurement systems for vendor relationships . While vendors in these arrangements aren’t necessarily thrilled about the transaction fees, most understand that the benefits of e Procurement system use make the additional cost of doing business worthwhile. .

Procurement 130

Procurement Real-time Visibility Contract Sourcing 130

ivalua

NOVEMBER 10, 2020

Step 2: Use eProcurement for vendor relationships . While vendors in these arrangements aren’t necessarily thrilled about the transaction fees, most understand that the benefits of eProcurement system use make the additional cost of doing business worthwhile. .

Sourcing 130

Sourcing Eprocurement Real-time Visibility Contract 130

Procurement Tactics

JUNE 28, 2023

It also helps improve vendor relationships, thanks to the software’s ability to collect all vendor and supplier data into one platform. Analytics and Reporting allow businesses to gain insight into their activities and spending patterns that aid in identifying cost-saving opportunities.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

The Procuretech Podcast

JULY 1, 2020

If we own the vendor relationship, then you can bet your bottom dollar that we'll hear about it when AP are underperforming. If we own the vendor relationship, then you can bet your bottom dollar that we'll hear about it when AP are underperforming. So why does it land in our inbox? Yup, that's right. Yup, that's right.

Vendor relationships 52

Vendor relationships Innovation Procurement team Budget 52

IBM Supply Chain Blog

FEBRUARY 13, 2024

The cost of human error associated with manual processes can be steep, not to mention the toll it can take on trust within customer and vendor relationships. Another way to use strategic sourcing methods to reduce costs is through digital transformation , such as automating manual processes.

Strategic sourcing 84

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 84

Arkestro

OCTOBER 29, 2023

Supplier relationship management: Unarguably, humans are better at dealing with other humans than AI is. Interpersonal skills and trust building are key aspects of a supplier-vendor relationship that AI can’t yet replicate.

Procurement 52

Procurement Procurement team Supplier relationship management Supply Chain Optimization 52