supplier risk

Why Savings Tracking in SRM Solutions is Critical for Procurement’s Bottom Line Procurement has never been more strategic. With organizations under pressure to deliver cost savings, manage risks, and build resilient supply chains, the ability to track, measure, and leverage savings through Supplier Relationship Management (SRM) solutions has become a game-changer. Yet, many companies still

Mid-Year Resolution: From Data to Action — Evaluating Supplier Performance the Smart Way Mid year is a great time to evaluate suppliers (KPIs). With one cycle of feedback already completed, it’s important for your team to step back and see what is working and what needs more attention, which suppliers are performing well, and who

Navigating Tariffs: The Power of a Dynamic Approved Supplier List Let’s be honest — your traditional Approved Supplier List (ASL or AVL) isn’t cutting it anymore. It’s static, outdated, and far too slow to keep up with today’s supply chain demands. When tariffs suddenly shift or global disruptions hit, procurement teams are left scrambling —

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 eat, and we visit Airbnb to find a more interesting place to vacation. Supplier managers I speak with are eager to reap the benefits of