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The Bottom Line

SRM Perspectives on Key Industry Trends

Managing Vendors? Here’s How to Maximize Business Performance

Posted by Jim Kurtz on Jun 14, 2017 9:00:00 AM


When it comes to maximizing business performance, the primary focus of any vendor management initiative is on cost savings. While the cost savings that can be realized with vendors are critical to an organization, there are associated process and performance benchmarks related to these contracts that can add additional value to the bottom line. 

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Topics: Business Performance

What to Ask Your Next Strategic Sourcing Partner

Posted by Patrick Goodwin, President on Jun 6, 2017 9:00:00 AM

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Engaging with a strategic sourcing partner can be an effective means to improve your manufacturing company’s bottom line without affecting its operations, or perhaps even improving them, because the process allows operational and procurement managers to be better focused on the tactical aspects of running the operation.

Not all sourcing management firms are created equal, however, and like other vendor categories some will be a better fit with your manufacturing company’s culture and objectives than others. We suggest asking the following questions before selecting a strategic sourcing partner. 

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Topics: Strategic Sourcing