Post COVID-19 supply markets – how will they change and how will you respond?

 

Is it time to bring supply chains home?

 

Will you abandon SRM?

 

Simply doubling down on cost reduction won’t be a sustainable solution

The last few weeks has seen countries, businesses and most importantly people facing unprecedented challenges. For us, what is becoming evident is the ability of people and businesses to respond to these challenges and adapt rapidly to what for some time might well be the new normal.

Supplier management in times of crisis

 

Why does supplier innovation seem so difficult?

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There are a number of challenges that arise when we want to explore guided innovation as a source of value in a (hopefully strategic, but not always) supplier relationship. The challenges range from stimulating good ideas through to handling the ideas and keeping suppliers engaged. In this blog we’ll look at just one of the challenges we uncovered through performing our annual global research into SRM best practices – what do people actually mean when they use the term innovation?

Excel vulnerabilities show risks in using the popular tool for SRM

In 11 years’ of research, State of Flux has demonstrated one very consistent feature of the way organisations manage relationships with suppliers: they fail to invest in technology. In the decade that has seen an explosion in business-ready cloud-based software such as Salesforce.com and HubSpot, it is remarkable that for 86% of organisations, the main software for managing information about supplier relationships is Microsoft Excel.

There is definitely slavery in your supply chain. Here is how effective supplier management can help you manage that risk.

Just this week at the Global SAP Ariba conference in Barcelona, Amal Clooney called on corporations to put respect for human rights at the core of their business, highlighting the trend of ‘doing good’ as a way to bolster profits.

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