Procurement Archives - Page 9 of 9 - Supply Chain Game Changer™

Are you a Game Changer? Tell us your Story!

Every day there are individuals and teams all around the world who are making a difference. They are driving transformational change in their jobs, in their Departments, in the Organization and in their Companies. And they are achieving amazing results that defy what they previously thought possible.

We want to hear your stories and we invite you to share those stories on https://supplychaingamechanger.com so that we can all applaud, and learn from, your tremendous efforts.

Could the CPO Be Replaced by the Chief Value Officer?

Enable Spend Aggregation in Procurement!

What is the role of the Chief Procurement Officer? And what is the role, and difference, of the CPO as compared to the Chief Value Officer?

Procurement is the process of translating customer requirements into the selection of highly capable suppliers, to timely, accurately, cost-effectively deliver high quality, mission-critical inputs and raw materials to internal customers. As well as assuring the accurate receipt and timely payment of all accrued invoices.

The History of Supply Chain Management! (Infographic)

What Exactly Is Supply Chain Management? 10 Different Definitions!

Over the last 100 plus years of the history of SCM (Supply Chain Management) has evolved from an initial focus on improving relatively simple, but very labor-intensive processes to the present day engineering and managing of extraordinarily complex global networks.

We will take you through the last 60 plus years below and end the post with an amazing infographic.

How Can Businesses Benefit from Spend Analytics?

Manage Procurement Spend Like It’s Your Own Business!

Every organisation spends money on multiple areas regularly to keep the business running. From purchasing raw materials to availing of specialised services, your company takes a chunk out of its treasury to fund its operations and attain its objectives.

If you wish to boost your savings and control the funds going out of your company’s treasury, analysing these expenses through spend analytics becomes essential.

What is Supplier Relationship Management (SRM)?

Strategic Supplier Relationship Management – Do’s and Don’ts

Regardless of what industry your company is in you are dependent on suppliers to operate your company. Thus it makes sense to have a Supplier Relationship Management program.

Suppliers provide components for products you manufacture and sell. Suppliers provide services for products or services you take to market. Suppliers move your goods from one point to another. And suppliers provide the goods, supplies, software and other items required by every function in your company to conduct day to day business.

Without suppliers no company could survive, let alone thrive.

Yet historically too many people have treated suppliers transactionally with no to little regard for fostering mutually beneficial relationships.

Going forward it will no longer be sufficient to just have passive supplier relationships. Companies must have a formal, strategic Supplier Relationship Management (SRM) program!