Supplier Management Playbook - A Step-by-Step Guide to Managing Critical Supplier Relationships
The case for closely managing supplier relationships is clear—Council research suggests that without active supplier management, significant expected value may fail to reach the bottom line (upward of 75% of negotiated sourcing savings). However, on average, procurement organizations spend 60% of their supplier facing time on strategic sourcing activities and less than 20% of their time actively managing supplier value.
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The case for closely managing supplier relationships is clear—Council research suggests that without active supplier management, significant expected value may fail to reach the bottom line (upward of 75% of negotiated sourcing savings). However, on average, procurement organizations spend 60% of their supplier facing time on strategic sourcing activities and less than 20% of their time actively managing supplier value.