Enhancing Relationships with Suppliers
Suppliers make up an important part of any organization’s procurement strategies and methodologies and every procurement professional wishes for the...
procurement software
Best Practices in Supplier Management
Supplier relationship management is one of the most important mandates of the procurement function of any organization, part of which...
Benefits of Reverse Auctions for Buyers and Sellers – Part One
Reverse auction, the process by which an organization purchases its raw materials or supplies, is being adopted by more and...
Rooting Out Procurement Fraud – Part Two
In a previous post titled ‘What Hercules’ second labor teaches us about procurement fraud,’ we equated procurement fraud to Hydra,...
What Hercules’ Second Labor Teaches us about Procurement Fraud – Part One
Before we get into procurement fraud and what we can learn about it from the second labor of Hercules, let’s...
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...
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...
