Vendor Master Management strategies are what makes it possible for you to create a strong and mutually beneficial relationship with your service providers and suppliers. That’s why it’s completely wrong and unjust to say that vendor management is nothing more than a couple of negotiations aiming to win the lowest price possible for your business. Vendor master management offers so much more if you press...
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Supplier evaluation checklist strategies vary from company to company. In most cases, they can be a proactive way to expand your organization’s ability to reduce supply chain risk as well as attract and maintain the right suppliers. Establishing a company-wide methodology to help evaluate suppliers is easier than you think and will contribute to making sure that you avoid mistakes....
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Vendor Portal Systems are fast becoming a high priority within large enterprises. In 2014, Deloitte put out their Global CPO Survey annual survey where they claimed that 65%procurement leaders endeavored to invest in a Vendor Portal system rather than upgrade their ERP....
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