We should care more about strategic supplier management right now, despite this being the time of COVID, budget cliffs, and “everything is on the table” portfolio reviews. While procurement’s roots sometimes feel operational, based on the tactical action of turning a requisition into a PO, the trunk of the procurement tree is strategic sourcing. In … Continue reading Harnessing The Value Of Strategic Suppliers
Is it acceptable – or not – to send your supplier a letter asking for a discount? You would be surprised… Here at Procurious, we’re always trying to be progressive, challenge the status quo and push for our profession to be more innovative and value-adding. And in good news, we’re starting to see that many … Continue reading Is It Fair Game, Or Not OK, To Send Your Supplier A Letter Demanding Cost Cuts?
What should you do if your supplier ends up in the news? Here’s what effect it could have on you and how you should mitigate the damage. Let’s face it, 2020 has been the year that changed everything. Anytime you even go near a media website, you’re hit in the face with the latest pandemic … Continue reading Your Supplier Made The News … For The Wrong Reasons. What Does This Mean For You?
Are supplier panels as outdated as your nan’s rug? Do they stifle innovation? Or are they a basic essential for every procurement pro’s toolkit? Supplier panels have been around forever. They are as old and ubiquitous as the crocheted rug on your nan’s couch. Just because they’re part of the furniture, does it make them … Continue reading Do Supplier Panels Deliver On Expectations Or Leave You Wanting More?
You might think that your most strategic suppliers are the ones you spend the most with. But supply chain crises may shine a light on which suppliers are actually strategic. Modern-day supply chains are truly global, highly complex and getting longer and longer. 20 years ago, most of a company’s suppliers were probably within a … Continue reading Suppliers: Who And Where Are Your 1%?
Considering this macro-economic turmoil, new research shows that most contracts and supplier partnerships held strong during the pandemic The early days of COVID-19 were financially tumultuous and incredibly stressful. For most business executives, uncertainty ruled the day: Would my contracts hold? Will I get paid on time? And will I have enough funds to pay … Continue reading What You Need To Know About Supplier Payments, Bankruptcies And The Financial Impact Of COVID-19
What are the decisions to make when planning for the next normal in outsourced services? As we slowly and cautiously, masks on and two meters apart, think about emerging from the COVID-19 crisis, there is quite a bit of uncertainty about what the world will look like when we step back outside. Knowing there is … Continue reading Navigating The Next Normal With Outsourced Service Providers