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Meeting your supplier diversity and ESG goals can feel impossible without the right strategy. Fortunately, your leading source for best practices, insights, and information is right here.
The supplier management process is the process of strategically managing an organization’s supplier portfolio to maximize the value of each supplier. The process is handled either through manual software such as Microsoft Excel or through third-party supplier management software such as a supplier registration portal.
Managing a supplier portfolio with an established process can assist in keeping clear lines of communication, maintaining up-to-date supplier data, facilitating the entrance of new or potential suppliers, expediting and consolidating RFPs and RFQs, sharing supplier information with other stakeholders, and more.
While top business priorities like cost reduction, risk management, and sustainability remain steady, new economic policies, tariffs, and geopolitical changes are adding new complexity to supply chain strategies. Supplier.io recently hosted a webinar on the expected...
