Managing supplier lists when sourcing goods and services is a challenge that many companies face. From collecting and managing basic contact information, quotes, contracts, product information and geographies served, to including additional information such as...
Supplier Performance Management (SPM) drives meaningful results and improves your business. But how do you ensure that the practice provides the necessary data to achieve the promised results? How do you make supplier performance management meaningful rather than an...
Reverse auctioning is recognized by most procurement professionals as a special event to hold only on occasion. As the name would indicate, a reverse auction is when the organization that wants to buy something holds an auction and vendors willing to provide it bid on...
They say the latest recession is over but already many are forecasting another. In this evolving economic environment, every organization is striving to reduce costs, as it becomes harder to increase revenue and profits. If you’re working to cut procurement...
“It’s become the phrase du jour,” says Ben Pring, former Vice President of Research at Gartner, of the term cloud computing. “The problem is that everyone seems to have a different definition.” So let’s start out with the simple question: What is cloud...
