Expediting in Procurement: How Operative Buyers Prevent Delivery Problems
But what happens when you’re saddled with a supplier known for poor delivery performance? Enter the world of expediting and learn The Power of Expediting.
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Tag: supplier performance
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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…
Service Level Agreement Explained: Why Buyers Should Include the SLA in the RFQ and Contract
A Service Level Agreement (SLA) is a document that outlines the agreed-upon level of service between a service provider and its customers.
Short Lead-Times in Procurement: How Buyers Reduce Waiting Time Without Increasing Supply Risk
hort lead-times in procurement can create major advantages. They can reduce inventory, improve cash flow, increase responsiveness, and help the organization react faster to customer demand. But short lead-times can also become dangerous if they are forced onto suppliers without understanding capacity, planning, logistics, quality requirements, or risk. The real procurement problem is not only…