What is Procure to Pay (P2P) Procure to Pay, also known as purchase to pay or “P2P”, is a process that organizations follow when procuring the...
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Construction
Nine Steps to Vendor Contract Management
Vendor contract management is an integral part of any solid vendor management program. Vendor contracts require specific handling, and are complex documents that do more...
Onboard New Suppliers Faster and with Less Risk with These Five Supplier Onboarding Tips
Without vendors and suppliers, most businesses wouldn’t be able to function from day to day. Whether suppliers are responsible for raw materials needed to produce finished...
Establish Inclusive Procurement Practices in Four Steps
The sixth and final step to starting your supplier diversity program from scratch is establishing your organization’s inclusive procurement practices. This last step...
Five Steps to Defining Your Supplier Diversity Program
Defining your company’s supplier diversity program is a crucial early step in getting a supplier diversity program started. Establishing guidelines early on creates a clear and concise pathway for stakeholders to follow while letting suppliers and the public know about the scope of your program.
7 Ways to Create More Resilient Supply Chains
COVID-19 has taught manufacturers a bitter lesson. The global supply chain doesn’t adjust well to unexpected or unusual incidents — so-called black swan events. Extended lockdowns, changes in consumer behavior, spikes in fuel costs and tensions among global trading partners have caused an unprecedented breakdown of the supply network.
