Deciphering Strategic Supplier Management

To thrive and succeed in today’s dynamic and disruptive business environment companies need to plan new strategies as the traditional avenues for direct savings have started to wither.

A new alternative channel which the organizations have started focusing on is the reduction of supply costs by enabling strategic supplier management for business value through a collaborative partnership with their suppliers. Suppliers are the key cogs in an organization’s lifecycle; having a direct impact on the core function. Thus, a good liaison between procurement teams and their suppliers improves collaboration, reduces risk and drives productivity.

In fact, as per a study by The Hackett Group, 64% of the responding organizations cite Supplier Relationship Management as ‘major’ or ‘critical,’ while 56% of the organizations cite Reducing Supply Risk as ‘major’ or ‘critical.’

The above statistics highlight the growing significance of supplier management solutions in strategic procurement for boosting the bottom line for any organization.

On your quest to discover the right supplier management solution fit for your organization’s requirements; join us for a live complimentary demonstration of Zycus Supplier Management solution.

Register to receive a first-hand experience on how Zycus supplier management solution can be better leveraged to meet your procurement objectives.

Learn how you can have greater business impact through:
• Strict control on regulatory compliance during supplier on-boarding process
• Increased stakeholder participation, transparency, and credibility in performance metrics and management processes
• Reduced cycle time for supplier performance measurement
• Better identification of supplier-related risks and informed decision making

Featured Speaker: