In this video, K2 Sourcing provides perspective on reverse auctions for procurement. If you take one thing away from this presentation, it is that a reverse auction is one of many tools to help automate the strategic sourcing and, ultimately, the category management process.
Vantage Partners has partnered with IACCM to sponsor an SRM Community of Interest. During the first community teleconference, many of the challenges individuals face in building a business case for Supplier Relationship Management within their organizations was addressed.
When one defines third-party MRO (3PMRO) success, one assumes that fundamental operations are being executed and that expectations
More mature sourcing organizations orchestrate, SciQuest's Brett Cornell told procurement professionals attending NextLevel 2014. Qualities of organizations at this stage “know and use the best tools, have a best-in-class approach to tactical procurement, and use the supply base to competitive advantage.” They’re also viewed as “business leaders, optimize the entire supply chain and are embedded in product design and development.”