Supplier Management Content

The penultimate lesson in this P&G series is that companies should use the right techniques and tools to make trade-offs and optimize value. Collaborative sourcing tools are key in maximizing value based on diverse stakeholder needs. P&G is certainly familiar with this approach through their experience with epic combinatorial bidding projects (e.g., in truckload bidding with CombineNet). This is true for any type of spending and even for procurement’s own spend for technology and services –

Good performance management approaches have to rest on good data – data that is indisputably referenced by business units, corporate leadership and suppliers alike. The spend analytics field has matured to the point where leading solutions can process complex data sets from a broad range of ERP solutions and provide consolidated dashboards and reports with drilldown to the lowest-detail levels within hours of designated close time. In contrast, SPM (supplier performance management) often involves manual work such as entering information in balanced scorecards, which obviously makes timely reports difficult.

We’re concluding this present whirl of webinar gaiety with one that takes a new look at a classic topic: the future of supplier management. Attendees can expect to find out why supplier management is becoming more central to procurement thinking, how a supplier focus can help procurement people position themselves better within their organizations, what are the best practice principles in supplier management that organizations can implement, and more.

Supplier networks can be a very effective solution for companies looking to ease the burden of SRM and make relationships with their suppliers more successful. Verian presents six ways that supplier networks can be used in order to streamline supplier management.

It’s not often that we get to have Peter Smith of Spend Matters UK joining us on a webinar, so we’re putting the word out […]

Join us for Good Data: Spend Analysis Tactics to Attack Supplier Performance Management on Thursday, May 30 from 10-11am Central. FMC Technologies is an oil […]

Following the building collapse accident that is now estimated to have claimed over a thousand lives, the Bangladesh government shut down eighteen factories last week. […]

Earlier this week, my colleague Pierre Mitchell presented to a group of suppliers within the Corporate United Group Purchasing Umbrella. The topic of his presentation […]

When it comes to supply chain compliance and risk management at the material/ingredient/substance level, companies have diverse sets of priorities in choosing software-centric solutions. In a previous […]

When Spend Matters surveyed 36 companies during Q4 2011 on their interest in substance and materials centric compliance as part of supplier management and supply […]

In late 2011, we surveyed a number of practitioners to better understand their interest and requirements for material/substance level visibility and traceability as part of […]

In the first brief in this research series, Economic and Policy Supply Chain: The “Non-Invisible Hand”, we covered the increasing importance for procurement organizations of looking at economic and policy issues focused on the “Non-Invisible Hand” as we termed it. As we continue our analysis, we will turn our attention to the role not only of specific legislation (such as Dodd-Frank or specifically, Conflict Minerals) on procurement organizations, but also a major policy shift that has already taken place that mandates ethical sourcing compliance.