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The 5 biggest problems in automotive procurement (and how to solve them)
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Supplier relationship management is the discipline of strategically planning for, and managing, all interactions with third-party organizations that supply goods and/or services in order to maximize the value of those interactions. In practice, supplier relationship management entails developing closer, more collaborative relationships with key suppliers in order to uncover and realize the new value and reduce supply risk; but what exactly is “supply risk”? George Zsidisin, assistant professor of supply chain management at Michigan State...
Have you ever wanted to clone your best buyer – essentially having an assembly line that could replicate what makes that buyer amazing and being able to watch as your procurement process improves with best practices, tools, and streamlined processes in place? In this helpful infographic, you’ll see how your organization could benefit from implementing an AI-powered procurement and sourcing software to tackle procurement challenges and get immediate results. Check out the fun infographic to...
Exploring strategies for enabling purchasing compliance across procurement processes Even for companies with strong procurement teams and the best of intentions, it is virtually impossible to stay 100% compliant with purchasing policies, budgets, and contracts across the entire organization. So many purchasing decisions are made on the fly and in real time, and even a small amount of spend slipping through the cracks in controls can have a large financial impact on an organization’s bottom...