by SupplierGateway | Feb 15, 2023 | Articles, Construction, Education, Financial Services, Healthcare, Procurement, Public Sector/Government, Real Estate, Retail, Supplier Relationship Management
Introduction You’ve probably heard the term “supplier relationship management” before, but what does it mean? And more importantly, how can you implement it in your procurement process? Put simply, supplier relationship management (SRM) is the...
by SupplierGateway | Jan 20, 2023 | Articles, Construction, Education, Financial Services, Healthcare, Procurement, Public Sector/Government, Real Estate, Retail, Sourcing
Introduction Imagine this: Your biggest supplier falls behind on their deliveries, and you’re suddenly faced with a shortage. You scramble to find a new supplier, but you can’t find a suitable replacement in time to meet your deadline. What do you do? This is...
by SupplierGateway | Jan 9, 2023 | Articles, Construction, Education, Financial Services, Healthcare, Public Sector/Government, Real Estate, Retail, Risk & Compliance, Supplier Data Management
Introduction Imagine you are the head of procurement for a midsize company. You are tasked with reducing the company’s risk and creating faster, more agile systems. One way to achieve both of these goals is by improving the accuracy of your supplier data....
by SupplierGateway | Oct 24, 2022 | Articles, Construction, Education, Financial Services, Healthcare, Public Sector/Government, Real Estate, Retail, Supplier Data Management, Supplier Management
Supplier data management is a task that often seems too big to tackle. When you work with hundreds or even thousands of different suppliers, keeping tabs on all of them can range from tedious to impossible. Managing your supplier data serves many critical functions,...
by SupplierGateway | Sep 12, 2022 | Articles, Construction, Education, Financial Services, Healthcare, Public Sector/Government, Real Estate, Retail, Supplier Risk Management
Most organizations today deal with a very large number of vendors and suppliers. Effectively managing and monitoring all of them is an extremely difficult and sometimes even impossible task to undertake. Grouping your suppliers into those that are critical to your...
by SupplierGateway | Aug 30, 2022 | Articles, Construction, Education, Financial Services, Healthcare, Procurement, Public Sector/Government, Real Estate, Retail
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 goods and services it needs to do business. Procure to Pay is a process that includes requisitioning, purchasing, receiving,...
