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All posts for Supplier Relationship Management

21 Jul 2023

Optimizing your Procurement Process Cycle

Companies who focus on optimizing their procurement process cycle begin to experience more cost savings, make better purchasing decisions, have more visibility over the process and are able to exercise greater compliance, amongst other things.

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17 Feb 2023

Vendor Selection Process: The Key Questions to Ask

Selecting first-rate suppliers and weeding out low-performers is key to reaching your supplier relationship and compliance management goals. Here are some important questions that you should be asking any potential suppliers during the selection process.

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29 Jul 2022

Detecting and Preventing Invoice Fraud in your Organization

All organizations, regardless of size are susceptible to invoice fraud. Significant increases in the number of people working remotely has lead to reduced visibility and control over AP processes and subsequent increases in fraudulent activity.

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10 Jun 2022

4 Ways to Improve Your Indirect Spend Management

In order to make sure your procurement department is making the best choices possible, it is important to understand the nuances related to indirect spend management compared with direct spend management.

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03 Jun 2022

5 Vendor Management Best Practices

Global supply chains have been severely disrupted since 2020. It is vital that organizations prepare for further disruptions with resilient and adaptable plans.

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28 Mar 2022

3 Step Process for Vendor Compliance

Vendor relationship management is vitally important to every organization. If managed correctly, vendors can have a significant positive impact on company growth.

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15 Mar 2022

5 Ways to Optimize your Supply Chain

Supply chains can be complex and difficult to manage, particularly when several suppliers and products/services are involved. Organizations should prioritize supply chain optimization in order to achieve efficient product/material flow and financial flow.

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18 Feb 2022

3 Procurement Actions for Cash Flow Management During a Period of Crisis

Over the last few months, many organizations have seen a major disruption to their supply chain which has seen a need to focus on cash flow in order to mitigate damages to the business.

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27 Mar 2020

Crisis Management: The Top 5 Business Priorities for Finance Leaders During Covid-19

Are all eyes on crisis management during these unprecedented times? Here are the top five priorities to focus on, to help you through Covid-19

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27 Nov 2019

Unlocking the Benefits of Pre-Approved Spend

Pre-approved spend is a process that empowers specific individuals, departments or teams to take greater control of their spending while still complying with established procurement procedures.

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30 Oct 2019

The Importance of Contract Visibility in your Procurement Process

One of the keys to an effective agreement management process — and impactful procurement — lies in maintaining contract visibility. In this blog, we discuss why visibility is so critical to your mission and how automated solutions can help you achieve it.

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29 Oct 2019

9 Strategies for Successful Vendor Onboarding

The foundations for your business relationships with suppliers are established during the supplier onboarding process. Certain strategies should be adopted to establish amicable and successful business relations with suppliers during the onboarding process.

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31 Jul 2019

The Benefits of Implementing Vendor Management

Supplier management is an organization’s ability to oversee all contact with third-party suppliers. When managed effectively, suppliers can help you meet customer demand and streamline your supply chain execution for improved production and profit.

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12 Apr 2019

Hacking The Supply Chain: 5 Ways To Enhance Supplier Relationship Management

There are a number of ways that your organization can enhance supplier relationship management. SRM is all about interacting with suppliers and ensuring that there is a good relationship to ensure good pricing, quality products, and fast turnarounds.

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