Author Archives: Brand Studio



Supplier collaboration: Turning the dial on the innovation and sustainability agenda

supplier collaboration

We’ve seen from 2020 the importance of organizational resilience, both operational and strategic. The core to that resilience lies with supplier/buyer relationships and collaboration. What 2020 therefore has also highlighted is the need for nimbleness, speed and flexibility in doing that. And that is one of the reasons why supplier collaboration initiatives have become so important to the business, supply chain and procurement leaders. The supplier collaboration approach differs from conventional supplier management in that for all parties involved, the goal is the same, and each understands their role in that ecosystem as facilitator of that end, be that sustainability, innovation or business continuity. We speak with Vizibl to gain deeper insight.

To Procurement and beyond — bridging the supplier information gap

Medius

In many large businesses, it’s still very much the case that Procurement and Accounts Payable work separately. In fact, we could ask, do they really "talk" to each other at all? And that goes for other business units too. Why shouldn’t everything that touches sourcing, supplier, contract and risk management go beyond procurement and into the realms of other business lines? Traditionally we work in a very closed shop, but it doesn’t have to be like that. Certainly it could benefit the whole organization if it weren’t operating in silos.

Shannon Kreps, VP Product Marketing at spend management experts Medius, says: “Procurement is so focused on setting things up and getting the right price, it’s easy to forget about the finance aspect, or legal, or other departments. But we really should be thinking about the whole, or holistic process that surrounds sourcing and buying. And it’s not just AP, it’s important that all operations talk to each other.”

Read how she believes procurement can get the business more involved.

Payments as a service — the organization’s vehicle for growth

With at least six months of business and supply chain disruption behind us, many firms are wondering where they will be in the next six months. The answer to that question rests partly on the efficiency of our payments infrastructure.

To help business continuity, we must be able to trust our payment systems to remain robust and work efficiently in real time so that buying firms, their suppliers and their customers can continue to transfer funds in return for goods and services, regardless of economic tremors in the market. While supply chains will recover from the crisis at different times, depending on geography, our payments systems must be constant if they are to help business through a time of disruption. So businesses and the P2P solutions they rely on should consider putting the payments element at the core of their strategic agenda.

COVID continues: Expect limited travel, more need for e-auctions and remote supplier relationship management

Global Risk Management Solutions (GRMS)

The coronavirus crisis has reshaped the business world’s thinking about working remotely. “Work from home” can be done, but it needs to work better — especially because the pandemic continues to curtail the types of interactions that help grow a business: international travel, face-to-face meetings to land new clients, visiting existing suppliers or moving supply chains to a new country.

With borders closed and more infections and lockdowns expected in the fall and winter, emergency plans that worked in the spring need to be bolstered with more robust digital transformation plans that add functionality like e-auctions and supplier relationship management (SRM).

And in addition to tackling the COVID-19 disruptions, better digital interactions are needed to address the forces that were reshaping global supply chains before the crisis hit.

ISS makes Spend Flexibility synonymous with Business Agility using Amazon Business

Amazon Business

ISS, a leading global workplace experience and facility management company, provides organizations with every facility solution they might require to support their own core activities. The key to being able to give its customers this total facilities management (TFM) service is ‘agility.’

The ability to respond quickly to customer demand, no matter how small, is something that can really differentiate a service provider in today’s market, and those that want to be a customer of choice must be able to do that. For the Procurement team, that requires sourcing excellence in all that they purchase.

The scale of the purchases involved for a multi-faceted FM outsourcing organization is huge. When a firm has a 100-year reputation of providing a quality service to maintain, and a breadth of services to offer grown out of strategic acquisitions, then standardization and compliance are paramount. One of the areas that historically generates many challenges for Procurement is that of tail spend. Ad hoc spending can go undetected, uncontrolled and become maverick. If a Procurement function wants complete vizibility, then it must also control the tail. Here's how ISS achieved this.