Learn September 5, 2024 What is Supplier Risk Management? Supplier risk management is the effort associated with identifying, assessing, mitigating, and monitoring risks associated with an organization's third party… Philip Ideson Love0
Learn August 22, 2024 What is Supplier Relationship Management in Procurement? Relationships are the glue that bind the modern networked supply chain together. In a world where market conditions can change… Philip Ideson Love0
Learn August 22, 2024 Supplier Management Explained – Definitions, Elements, and Examples Supplier management refers to the administration of providers of goods and/or services to a business. While this sounds straightforward, today's… Philip Ideson Love0
Learn August 15, 2024 What is Procurement Technology? The Definitions, Trends, and Tools you Should Know If you work in procurement, it’s hard to avoid the topic of technology. Most procurement organizations have gone through decade-long… Philip Ideson Love0
Learn July 30, 2024 What is Spend Cube Analysis? Including Power BI Example As a procurement professional, you need to be able to analyze and understand your organization’s spending patterns in fine detail.… Philip Ideson Love0
Learn July 30, 2024 Spend Analysis Approaches and Software Explained There is no shortage of spend analysis solutions available on the market today. With so many options to choose from,… Philip Ideson Love0
Learn July 2, 2024 What Exactly is the Supplier Preferencing Model (a.k.a. Supplier Perception Matrix)? As procurement professionals, we often focus on categorizing and managing our suppliers. In a balanced relationship, it is equally important… Philip Ideson Love0
Learn July 2, 2024 Porter’s Five Forces from a Procurement Perspective As a procurement leader you need to be a strategic partner for your internal and external stakeholders. This sometimes requires… Philip Ideson Love0
Learn June 27, 2024 How to Create a Category Profile for Strategic Sourcing One of the first things you need to do in a new strategic sourcing project is to assess the internal… Philip Ideson Love0
Learn June 27, 2024 How to Start a Strategic Sourcing Process (with My Proven 7-Step Plan) If you work in procurement, you’ve probably seen many variations of a strategic sourcing process. With so many options available,… Philip Ideson Love0