Dec 09, 2020

How to Digitise Supplier Management

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Supplier management is the process of managing the relationships an organisation has with third-party vendors. 

All organisations rely on the goods they obtain from suppliers in order to create the products they, in turn, provide to customers. As such, it is crucial that organisations optimise the way they select, evaluate, communicate, collaborate and partner with vendors.

This is easier said than done. A business may easily be dealing with a supply chain consisting of dozens if not hundreds of third-party organisations. Managing all these relationships effectively – that is, ensuring that the most value for money is being obtained from each contract – is inherently and exceedingly complex.


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