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Extending Supplier Profiles for Improved Sourcing Activity

Although creating a functional supplier profile might seem to be supplier management “101”, many organizations still manage supporting information with a combination of spreadsheets and/or disconnected vendor/supplier databases existing outside the commercial data in the business system/ERP. Altogether these tools lack the ability to qualify suppliers’ capabilities or connect with spend-management category identifiers that go [...]read more »

e-Sourcing as a Key Component of your Spend Management Initiative – Part 3

Part 3 – What an e-Sourcing System Should Provide State of the art e-sourcing systems provide many beneficial elements to support an organization’s direct and indirect procurement activity. Specifically, in support of Spend Management initiatives they should as a baseline: Deliver a robust and repeatable process for completing all sourcing activity, that minimizes manual effort, […]

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e-Sourcing as a Key Component of your Spend Management Initiative – Part 2

Part 2 – Best Practices Top performing organizations in the Spend Management discipline focus on creating a collaborative, repeatable and transferable process using systems/software in all areas of supply chain management. For the Sourcing function specifically, reliance on: spreadsheets for event data management and progress tracking, emails for RFQ communications, both internal and external, disconnected […]

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