Relationship Management: CRM and SRM
- Just as companies have multiple interactions over time with their customers, so too do they interact with suppliers – looking at POs, negotiating contracts, managing logistics and delivery, and so on. The many interactions with suppliers should be viewed as a relationship, one which can and should be managed in a coordinated fashion across functional and business units. Click hereto read more.
Are you Aligning Supplier Risk Mitigation Strategies with Your Business Objectives?
- Gaining visibility into and control over the multitude of internal and external risks is one of the top priorities of corporations today. With a recent jump in regulatory mandates and increasingly active shareholders, many organizations have become sensitive to identifying and eliminating areas of risk — including supplier, operational, IT, brand, and reputation areas — from their business. Identifying risks no longer becomes the sole responsibility of just procurement specialists. Click here to access the full article.
What is Sustainable Supplier Management?
- Managing supplier relationships today has gone from identifying and buying goods and services based on negotiated pricing (a transaction focused approach) to the strategic ability of recognizing "win-win" opportunities for both buyer and supplier. This change is tracked through enhanced supplier management activities. Effective supplier management can lead to a variety of benefits, including increased collaboration, savings to the buyer, and alternative or even additional sources of revenue for the suppliers over the long-term.
Do You Really Know Your Suppliers?
- Louis Berard, senior research analyst of Global Supply Management at Aberdeen Group outlines why companies need to understand their supplier networks.
Top Talent Demands Top Technology
- Arming supply management professionals with top technology delivers more than traditional savings; it helps attract, build and retain the next generation of business leaders.
Need for Supplier Diligence and On-going Monitoring
- Louis Berard outlines the recent financial services’ risk management guidelines defined by the OCC and reflects on the impact a lack of due diligence and continuous monitoring of third-party relationships can cause.
How well do you know your supply chain
- James Ritchie reflects on lessons from a recent round-table session and identifies key steps for improving visibility around potential risks.
Leveraging Market Intelligence to Better Manage Supply Chain Risk
- With the increased use of Tier 2 and Tier 3 global suppliers, even the most highly recognized companies find themselves vulnerable to the costly impact of using high-risk suppliers. Now you can help protect your company from events like the 2012 apparel factory fires in Bangladesh and Pakistan by using the latest technology to discover early warning signs of risk obtained from a unique selection of global resources and displayed in an easy-to-read format.
Managing Supplier Risk with Third Party Supplier Data
- Gain insight into how best-in-class companies gather and utilize third-party data to onboard and monitor their suppliers. Included are detailed research results, analysis and recommendations to successfully implement third-party data practices in your company.
For latest information on third-party due diligence and supplier monitoring visit: www.lexisnexis.com/bizblog