Vendor Management

3 Ways eSourcing Can Boost Supplier Relationships

eSourcing can boost relationships with suppliers

When it comes to procurement, technology can make a significant impact. Take eSourcing platforms for example. Whether it improves efficiency or reduces costs, there’s no denying that automating processes can provide significant operational value. With minimal effort, you’re able to communicate your objectives clearly, minimize tedious back and forth coordination between individual suppliers, and substantially …

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How to Tell if Your Supplier Relationship Management is Successful

Vendor Relationships

Supplier relationship management is tricky, and many organizations are unknowingly mismanaging their supplier relationships. From tunnel vision to a dangerous vendor “lock-in,” a mismanaged supplier relationship almost always impacts your bottom line… even if — and probably especially if — you can’t see the problem.Mismanaged relationships are more common than you think.Less than 48 hours before …

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