Supplier Relationship Management |
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Many procurement challenges encountered by business management stem from supplier relationships. These challenges can include: |
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How do we identify new suppliers? |
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How do we negotiate the best terms with suppliers? |
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How do we improve relationships with our current suppliers? |
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How do we improve supplier performance? |
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How do we manage supplier risk more efficiently? |
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How do we achieve best results from our supply base? |
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| With Curtis Fitch Supplier Management, your business can strengthen supplier relationships and deliver sourcing success by creating a supplier database accessible throughout your organisation. |
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Key Features of Supplier Management |
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| The major component elements are: |
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Comprehensive comparison of suppliers and commodities for new and emerging markets |
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Analysis of key performance indicators - competitive pricing and delivery achievement - identifying and targeting success |
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Monitor and manage all supplier and/or commodity information in one place |
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Enable effective communication with and about suppliers through shared knowledge |
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Eliminate potential for duplicated or contradictory activity |
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Stronger supplier relationships with simpler lines of communication |
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Sharper business performance and less complex operating procedures |
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Empowerment and involvement of all parts of the organisation |
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Integrity of retrieval systems and transparent audit trails |
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Web based applications are critical to lower costs and the growth of future value |
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Strengths of Supplier Management |
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Central monitoring of sourcing by suppliers and commodities |
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Comprehensive database of supplier sourcing without duplication |
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Competitive advantage to supply chain through faster access |
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Efficient evaluation of suppliers and commodities in all markets |
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