LUPR SUPPLIER RELATIONSHIP MANAGEMENT (SRM) BLOG
3 Ways to Boost Procurement’s Strategic Impact
Collaboration is quickly changing the way we live. We use Waze to find the fastest route to work, we sort through reviews on Yelp to find the best place to
Using SRM to Automate Category Management
Implementing category or commodity strategies enhances business efficiencies by optimizing processes. Organizations should maintain contractual relationships with suppliers and facilitate procurement change initiatives within categories to improve overall business performance.
Going Beyond Traditional Spend Analytics to Identify Risks and Drive Change
PayPal co-founder Max Levchin once said, “The world is now awash in data and we can see consumers in dramatically clearer ways.” What Max did not mention is that thanks
Cost Efficiency- An Explanatory Guide and Implementation Strategies Strategy
Cost efficiency is a vital objective for companies aiming to maximize profits and sustain growth. It usually involves optimizing processes, reducing expenses, and improving productivity without compromising the quality of
Supplier Relationship Management – A Comprehensive Guide to SRM Goals and Strategy
Supplier Relationship Management (SRM) is a systematic approach that helps in the evaluation of suppliers providing essential goods, materials, and services to your organization. It is a vital aspect of
