What best practices should businesses adhere to when involved in supplier negotiations? Direct negotiation ought to take all the guesswork out of supplier agreements. However, when done without careful consideration, supplier …Read More
What best practices should businesses adhere to when involved in supplier negotiations? Direct negotiation ought to take all the guesswork out of supplier agreements. However, when done without careful consideration, supplier …Read More
For spend managers at these organizations hoping to push their enterprise into the 21st century, what value could be achieved by concentrating spend where it’s needed most? Enterprise spend management stresses the value of …Read More
In manufacturing, indirect spend reductions can have a deeper, more profound impact than other industries. What must manufacturers do to optimize indirect spend management strategies? Traditionally, indirect procurement spend …Read More
Where can the food and beverage industry reduce procurement costs for better strategic sourcing? Strategic sourcing isn’t achieved overnight – it’s a discipline honed over the lifetime of a given business. High …Read More
What do low oil prices mean for how companies source and manage their supply chains? As economists know, price fluctuations for commodities like oil impact more than the oil and gas industry – as a source of energy, and a …Read More
Have you ever sent someone to the grocery store with a list of items to buy along with the money necessary, then had them return home after spending more than you gave them/budgeted? And that they bought flank steak instead of ground beef and …Read More
Recently, I have been discussing supply chain evolution. My previous post provided a series of questions for you to assess where your organization is on the supply chain evolution continuum. Hopefully, you took a few minutes to think …Read More
In my last post, I posed the question, “How evolved is your supply chain?” I’m hoping you took some time to think about it. Maybe you were you able to come up with an answer. If you did, I’d love to hear where you think your organization …Read More
The APICS Dictionary, 14th edition, defines Supply Chain Management (SCM) as “the design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive …Read More
Say the words Supplier Relationship Management (SRM), or Customer Relationship Management (CRM) to most people and they immediately think of technology (software applications). While I have no intention of offending the companies …Read More