Supplier Management: Direct Procurement’s Stealth Weapon

This Thursday from 1-2 pm CT, I’m leading a Spend Matters webinar, 10 Ways Supplier Management is a Stealth Enabler for Procurement, A/P, and Risk Management. Supplier management is a topic that is near and dear to our entire coverage of the procurement and supply chain market across the Spend Matters Network.

But let's face it. Supplier management is rarely a priority by itself (though we can show you how to build a simple, ROI-driven business case to do it – in fact that’s the easy part and we’ll touch on that during the webinar as well). However, as much as the entire Spend Matters team has shown irrational exuberance for supplier management tools since they went mainstream a few years ago, we admit that things like maintaining a clean vendor master and on-boarding new suppliers successfully often falls down the priority list compared to near-term sourcing wins and transactional procurement compliance.

Yet supplier management does not just stand alone. For manufacturers, supplier management represents the one central role and technology area that can enable organizations to reduce supply chain risk systematically, improve supplier quality, and develop the right of suppliers to encourage overall product innovation.

And that’s in addition to the massive enabler supplier management is for a number of different areas across general procurement and supply management activities, including spend analytics, e-sourcing, supply chain network design, category management, transactional procurement, e-invoicing, and trade financing.

So join us this Thursday as we discuss ten ways that supplier management can be the critical stealth enabler for procurement organizations of all kinds, acting as a force multiplier on virtually all of your other procurement, accounts payable, treasury, and risk management initiatives. We’ll also zero in on specific use cases for manufacturing organizations.

As a special bonus, we’ll cover how to build a basic business case and ROI model for supplier management – and you’ll see how to cover your costs for such initiatives just by making accounts payable and transactional procurement types happy. Although we would argue this is just the ante to tap someone else’s internal budget for such programs and to start the stealth enablement process of making supplier management procurement’s secret weapon.

This webinar is free for all procurement practitioners to attend (as well as all Spend Matters Plus/PRO subscribers). Can’t make it? Sign up and we’ll send you the replay details to watch on your own schedules – just register and we’ll send you the details. For technology vendors and services providers who are not yet Plus/PRO members, please feel free to sign up and we’ll get you started on a trial subscription (including webinar access) to watch the live event or replay.

For everyone, here’s the link: 10 Ways Supplier Management is a Stealth Enabler for Procurement, A/P, and Risk Management

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