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Supplier Engagement: A Practical and Smart Approach to Reducing Cost Inefficiency and Risk

This paper shares how to put an effective supplier engagement strategy in place and streamline processes, remove duplication, and eliminate errors.
Supplier Engagement: A Practical and Smart Approach to Reducing Cost Inefficiency and Risk
 
 
Your suppliers are an extremely important asset. Regardless of whether you are private or public sector organisation, effective engagement with your suppliers is critical to your ability to:
  • Serve the needs of your customers and constituents
  • Differentiate your supply chain from the competition
  • Increase margins, earnings per share, or value from budget
  • Reduce supplier risk
Well-managed engagement with your suppliers - from initial registration, qualification and on-boarding; through sourcing events, periodic reviews and information updates; to daily purchase and payment activity - is essential to building and leveraging a strong supplier base.

This paper shares how to put an effective supplier engagement strategy in place and streamline processes, remove duplication, and eliminate errors.
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