Transactional management is often considered a minor procurement task, yet it is one of the major root causes of business inefficiencies considering a global scenario. Is there a way to leverage...
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Through the creation of a single supplier master data portal, GE simplified the supplier onboarding process. This centralization drives increased compliance through a single entry point and puts...
Private companies account for 70-80% of the critical suppliers in your third-party ecosystem, yet most organizations don't actually evaluate the financial risks of private suppliers with the same...
From mobilizing suppliers for climate action to making them part of a net-zero journey, buying organizations are dealing with increasing levels of complexity when it comes to engaging, defining,...
Today's multifactorial supply chain crises come at a time when many procurement teams are under pressure to deliver on ever-growing mandates related to Supplier Risk, ESG initiatives, and of...
Procurement's mandate in 2022 has expanded well beyond "getting the best price". Sustainability, diversity, risk, innovation and other goals have evolved from background issues into primary...
The Future of Sourcing Awards program recognizes organizations that show innovation, leadership and transformation in categories that are critical to the sourcing industry. The Awards bring...
The Future of Sourcing Awards program recognizes organizations that show innovation, leadership and transformation in categories that are critical to the sourcing industry. The Awards bring...
The consensus on SRM is that it isn’t feasible to closely manage 100% of your supplier relationships, and therefore you should use a prioritization framework (like a Kraljic Matrix) to segment...
Supplier onboarding and performance evaluation are critical targets for digital transformation: manual and paper-based processes are costly, time-consuming, and create risk by incentivizing non-...