Geopolitical challenges and volatile markets make transparent cooperation with qualified and sustainable business partners within the supply chain indispensable. Suppliers are assuming an increasingly important position within the value chain of companies. As a result, supplier management is becoming a decisive factor for operational resilience and economic success.
The insights gained from spend analysis can inform strategic decisions, drive cost savings, and improve processes. However, implementing an effective program requires careful planning, ongoing attention, and strong stakeholder engagement.
Supplier management represents the systematic control of supplier relationships. This involves intensifying and promoting cooperation with suitable partners in order to make it transparent and sustainable. The most important components of supplier management include the selection, qualification, classification, evaluation and development of suppliers.
Purchasing is an integral part of every company. Here, the focus is not only on the procurement of goods and services, but also on ensuring quality and economic efficiency. If companies do not use e-procurement systems in their procurement process, they expose themselves to considerable risks and dangers.
