Bargaining Power of Suppliers – How Can It Be Reduced?
In the previous post titled ‘Bargaining Power of Suppliers – What Does It Mean for Your Business,’ we saw what...
procurement software
Bargaining Power of Suppliers – What Does It Mean For Your Business?
Even though it impacts them the most, many procurement professionals are not formally aware of the concept of the bargaining...
Dealing with Supplier Risk – Part Two
In part one of this series, we looked at several drivers of supplier risk. In this post, we’ll look at...
Dealing with Supplier Risk — Part One
“It’s a VUCA world,” one of my management professors was fond of saying, in the same dark tone that Ned...
How Online Procurement Software Improves Supplier Management
Effective supplier management is one of the bedrocks of an efficient supply chain. Every organization, regardless of the service or...
How Reverse Auction Helps Organizations Choose the Best Supplier
Any organization needs to purchase raw material in the form of goods or services to run their business operations. Generally,...
E-procurement and Its Impact on the Bottom Line
Online procurement or e-procurement is a web-based procurement management system that accelerates and automates the procure-to-pay cycle. It is gaining...
Procurement Management: Do You Have Clear Goals?
For any organization, procurement is arguably the most important support function as it impacts almost all the major strategic functions....
Why is Procurement Ignored as a Strategic Partner?
Ever since Just-in-Time manufacturing processes took the manufacturing world by storm in the late 20th Century, relationships between suppliers and...
