While there is usually a diverse pool of suppliers available in most industries, not all of them would serve in the best interest of your organisation. “Selecting suppliers commonly takes into consideration cost, quality, safety, reliability, service level, deliverability and convenience. However, there are some best-practice steps to take when selecting suppliers of the essentials […]
Best practice for supplier selection Read More »
Supplier appraisal is a significant matter in procurement procedures. Properly done, you will avoid wasting time, money and effort, not to mention embarrassment that stems from awarding a contract/tender to a supplier who, in reality, lacks the technical and financial capacity to handle the work, or who operates under a system of values inconsistent with
10 Cs of supplier appraisal Read More »
One of the primary components of any procurement function’s strategy is, or should be, to ensure that the company has an optimised vendor base. This is aimed at achieving a more cost effective and high-quality supply chain. Most companies therefore go through a vendor rationalisation process at some stage and continually review vendor categories to
Vendor database optimisation: Are you doing it right? Read More »
It is important to do business with the right vendors if you want you want to stay on the right side of the law while ensuring that the business’ needs are met. With hundreds of suppliers offering relevant products and services, the vendor selection process can appear strenuous and time consuming. However, if done the
6 steps to maintain a successful vendor selection process Read More »
Join us at Smart Procurement World 2019, where one of our conference themes will be “Walk the talk: High-impact procurement” Procurement work is much more than just securing the right products, in the right quantity and quality at the right place… Let’s think wider, more holistically, writes Robert Freeman, a procurement and supply chain expert
Love procurement – because it can impact society and the environment Read More »
Supplier negotiation has become an intrinsic part of the supply chain process and, for many companies, this could be the most critical process in the whole chain. Katherine Barrios, Chief Marketing Officer, Xeneta (a benchmarking and intelligence platform for ocean freight pricing), looks at some of the crucial aspects in supplier negotiation. Supplier negotiation
How to efficiently plan and execute supplier negotiations Read More »
Suppliers can fail you in many ways. Supplying inferior quality goods and services, missing deadlines or data breaches can affect the bottom line and reputation of a business. However, while risks are ever-present, some are more avoidable than others – including the effects of mistakes and failures by suppliers” says Rudi Kruger, General Manager of
4 tips to manage supplier risk Read More »
In this month’s SmartProcurement, Stuart Townshend, Edge Growth Director, explores how you can use your Enterprise and Supplier Development (ESD) initiative to be cash efficient, and become self-sustainable – yet making a positive impact where it is needed most.
Can Enterprise and Supplier Development equal cash efficiency? Read More »
When it comes to choosing suppliers, some procurement teams are losing sight of what matters most. Instead of focussing on the long-term, strategic value of a relationship, many often get caught up in the transactional aspects of signing a supplier, such as pricing, contracts and negotiations. They get so wrapped up in the details around
Procurement: Are you getting the most out of your supply base? Read More »
Decisions and consequences go hand-in-hand. This is why having adequate, relevant information at your fingertips is a critical aspect of any decision-making process – more so when these decisions affect the operation of business and company reputation. In procurement, the optimal goal is to manage risks and costs within a company, making it an
Turning supplier information into procurement insight Read More »
