Global trade has always been a delicate balancing act. In recent years, supply chain managers have seen how fragile the system can be when politics, trade restrictions, and economic changes come together. These disruptions have changed how businesses view Supplier Relationship Management (SRM). It has shifted from just a compliance checklist to a critical strategy. What is Supplier...

Global trade has always been a delicate balancing act. In recent years, supply chain managers have seen how fragile the system can be when politics, trade restrictions, and economic changes come together. These disruptions have changed how businesses view Supplier Relationship Management (SRM). It has shifted from just a compliance checklist to a critical strategy. What is Supplier...

Due to rising labor costs in many international supply chains, logistics bottlenecks, geopolitical risks, and increasing pressure for sustainability, the old strategy of sourcing from the “lowest cost country” simply is not enough. While sourcing from the lowest cost country probably allowed some short-term savings, it probably also introduced higher risks for poor quality,...

The top executive looked at the quarterly report with a confused look on their face. The figures didn’t make sense. Even though they were trying hard to minimize costs and were in talks with several suppliers, spending had nonetheless gone up by 8% over the previous year. Departments were buying things from dozens of suppliers, some of whom they had never heard of before. The IT staff...

The top executive looked at the quarterly report with a confused look on their face. The figures didn’t make sense. Even though they were trying hard to minimize costs and were in talks with several suppliers, spending had nonetheless gone up by 8% over the previous year. Departments were buying things from dozens of suppliers, some of whom they had never heard of before. The IT staff...

Most companies have a lot of useful data in their procurement departments, but it’s hard to find because it’s all over the place. You have a lot of purchase orders, invoices, and records from suppliers piled up. But then someone asks, “Where is our money going?” and things get cloudy.Why? Because the data is all over the place. The names of suppliers are different, the...

If you own a business, you might suddenly realize that almost 70% of your budget goes to buying items like raw materials, office supplies, software, services, and more. Now, think about how much better it would be if you could save even 10% of that money while receiving higher quality and lowering risks. That’s what procurement management and consulting services can achieve for...

If you own a business, you might suddenly realize that almost 70% of your budget goes to buying items like raw materials, office supplies, software, services, and more. Now, think about how much better it would be if you could save even 10% of that money while receiving higher quality and lowering risks. That’s what procurement management and consulting services can achieve for...