How well are you managing your supplier relationships? Do you feel overwhelmed by the sheer amount of vendors your company uses?
You’re not the only one.
Many procurement professionals struggle with keeping up with their supplier relationships. It can be a big challenge. There are many different factors involved in ensuring positive relationships with your vendors.
These factors can include:
- Negotiating contracts in a limited competition environment.
- Maintaining compliance with software vendors.
- Whether or not to outsource your supplier management.
- Understanding which vendors you need and which ones you don’t.
These, and other factors are incredibly important if you want to make sure that your vendor relationships are profitable. If not, you could be spending money that you don’t need to spend. Additionally, you may be allocating company resources to managing supplier relationships when they could be better used elsewhere.
Fortunately, it doesn’t have to be difficult to manage your supplier relationships. There are methods you can learn to optimize your supplier relationship management program.
Many top procurement executives have dealt with this very issue. In the first weekend of June, the top IT procurement leaders will be convening at Procurecon. If you’re interested in being present for this “meeting of the minds” click here to get your 25% discount.