Innovation in Procurement: How Leaders Turn Supplier Ideas into Business Value
Innovation in Procurement: As a senior procurement director, I have seen firsthand the role that innovation can play in driving success in the organization.
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Tag: supplier collaboration
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How should a buyer collaborate with suppliers to create value — and how should that value be shared fairly?
Supplier collaboration sounds simple in theory. Most buyers agree that better cooperation with suppliers can reduce cost, improve quality, increase innovation, and make the supply chain more resilient. The real problem appears when collaboration starts to create value. Who should receive the benefit?Should the buyer take the full cost reduction?Should the supplier keep part of…
Supplier Relationship Management Best Practices: How to Turn LinkedIn SRM Ideas into Procurement Action
Supplier Relationship Management, often called SRM, is one of the most discussed topics in procurement. It appears regularly in LinkedIn posts, procurement networks, conferences, webinars, and supplier management discussions. That is useful — but it can also create confusion. One person uses SRM to describe supplier compliance. Another uses it for supplier performance reviews. A third…