Understanding The Famous 7 Step Strategic Sourcing Process

Understanding The Famous 7 Step Strategic Sourcing Process

In today’s competitive business climate, many professionals are continuously seeking ways to optimize cost but still assure the highest quality of products and services. To achieve that requires a lot of effort on constantly improving and re-evaluating the purchasing...
Best Stakeholder Management Practices For Procurement That You Should Know

Best Stakeholder Management Practices For Procurement That You Should Know

In an enterprise, Procurement’s job is to ensure stakeholders get the right goods or services provided by suppliers, on time and at the right quality level. Procurement success is tied to how well you work with the stakeholders and what you can do to help them...
Multi-Sourcing: Everything You Need To Know

Multi-Sourcing: Everything You Need To Know

The outsourcing model has become popular over the years as companies scale up and require specific supply needs to accommodate their growth. Yet, many companies have been questioning the effectiveness of having one provider meet their procurement objectives. Instead,...
4 Best Practices To Streamline Supplier Onboarding

4 Best Practices To Streamline Supplier Onboarding

Today, more companies, especially global ones, have grown their supply base exponentially, making the onboarding process more complex than ever. It is becoming common for large companies to have hundreds of thousands of suppliers. However, establishing new supplier...