Tag: Supplier Relationship Management
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Suppliers are friends, not food!
Whoever said that business needs to be a carnivorous affair? We don’t need to be chewing up our suppliers and spitting them out like fishbones!
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3 Realistic New Year’s Resolutions for your Procurement Organization.
I’m one and a half weeks deep into 2019 and I ate half a bag of potato chips last night as I simultaneously began to lose interest in ‘book #1’ of my 2019 reading list.
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6 Lessons every Procurement Team can learn from IKEA’s IWAY
IWAY, the ‘Ikea way of purchasing’, Ikea’s code of conduct (CoC) for suppliers was introduced to ensure that the drastic changes the organization was experiencing wouldn’t jeopardize key supplier relationships.
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The 5 Levels of Supply Chain Transparency
Still, today, supply chain transparency holds a prominent position in concerns for consumer and business, alike. Transparency has become an organizational effort in business, as it can impact various aspects of a value chain, if neglected; not solely supply chain management.
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A Supplier Development Program might be the Secret Sauce your business needs…
Procurement and sourcing teams are heavily reliant upon the effectiveness of the suppliers they choose to collaborate with. Relationship management between buyer and supplier is crucial to the success rate of a partnership, and both parties must learn to give and take to create fair/shared value.
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SRM is in for the same ride that CRM took 10 years ago.
The CEO of Kodiak Rating, Malin Schmidt is a firm believer that SRM (supplier relationship management) exists in a similar- calm before the storm — kind of positioning that CRM existed in just 10 years ago. She often says: “SRM as a domain is in for the same ride that CRM took”