Supplier data management is a task that often seems too big to tackle. When you work with hundreds or even thousands of different suppliers,...
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Financial Services
How to Identify and Manage Key Vendors and Suppliers
Most organizations today deal with a very large number of vendors and suppliers. Effectively managing and monitoring all of them is an extremely difficult and sometimes even...
Addressing Procure to Pay Challenges with Best Practices
What is Procure to Pay (P2P) Procure to Pay, also known as purchase to pay or “P2P”, is a process that organizations follow when procuring the goods and services it needs to...
Nine Steps to Vendor Contract Management
Vendor contract management is an integral part of any solid vendor management program. Vendor contracts require specific handling, and are complex documents that do more...
Onboard New Suppliers Faster and with Less Risk with These Five Supplier Onboarding Tips
Without vendors and suppliers, most businesses wouldn’t be able to function from day to day. Whether suppliers are responsible for raw materials needed to produce finished...
Establish Inclusive Procurement Practices in Four Steps
The sixth and final step to starting your supplier diversity program from scratch is establishing your organization’s inclusive procurement practices. This last step...
