Effective Procurement (Part 3) – Supplier Management

Given today’s competitive nature of business, it’s critical to ensure that an organization’s procurement practices are effective and efficient. Currently, there is a growing trend to engage suppliers more and more while the organization focuses on its core competencies. However, is it possible for the suppliers to provide oragnizations with competitive advantage? This question is examined in this workshop amongst other critical procurement questions. How to segment my suppliers based on their unique offerings and needs? - Creating supplier matrix (identifying organization’s needs versus supplier offerings) - Determining relevant KPIs and performance tracking - Outlining organization’s strategic objectives and collaboratively identifying opportunities for both parties – the organization and the supplie...