In today’s competitive market, assessing suppliers pre-sale has become an essential step in appropriate due diligence and building strong, resilient supply chains for post-sale. A thorough pre-sale review allows businesses to understand potential suppliers’...
Non-inventory, off-contract, and non-core purchasing can greatly benefit from being tendered out through a structured procurement process. Here are some key advantages: Sneaking Under the Radar: When times are good, the purchasing of all these accumulates to form a...
There's an old saying: "You have to kiss a lot of frogs before you find your prince." Recently, I've encountered my share of "frogs" (and a few "princes"), which reminded me of this phrase. In business, one of the biggest challenges is maximising productivity and...
The Importance of Supply Chain Diversity for Risk Mitigation and Business Resilience Supply chain diversity has become a critical strategy for businesses aiming to reduce risks and enhance resilience. Here are a few key reasons why a diverse supply chain is crucial...
Key Strategies for Reducing Supply Chain Risk Through Smarter Tender Management Managing supply chain risk is essential to maintaining stability in business operations,especially in today’s dynamic global market. Smarter tender management can play a pivotalrole in...
The Hidden Costs and Risks of Manual Supplier Tendering "I don’t run tenders; I just get prices and availability from my preferred suppliers and compare them quickly." This is a common response, but manually managing your supplier tendering like this comes with...