Tag "supplier relationship management"
Seems like every month, there is new data pointing to manufacturing productivity slowing. US Manufacturing output at six year low Manufacturing output in India grew at its slowest pace in five months in May UK industrial sector under pressure as manufacturing output slumps Malaysia’s output fell to its sharpest rate of decline over 3½ years... more
As the perception of suppliers, their strategic role for the success of a business and the way we interact with them is changing, the role of a supplier relationship manager is gaining more and more in importance. In a world of competing supply chains, a business’ success is automatically tied to the success of its... more
Today, your suppliers are seen as a source of know-how and innovation leading towards a new way of collaborating and interacting with. Effectively managing suppliers, supplier relationships and their information is of growing strategic importance and value. If your organization has a strong supplier relationship management (SRM), collaboration and engagement, you will benefit of a... more
In order to enable organizations to more effectively manage vendors and their performance, negotiate better prices and payment terms, and reduce operating costs and risk, Informatica just launched the Total Supplier Relationship Application (TSR), a master data-fueled solution that optimizes supplier information management with a Supplier360 view across the enterprise.
“Inaccurate, inconsistent and disconnected supplier information prohibits us from doing accurate supplier spend analysis, leveraging discounts, comparing and choosing the best prices, and enforcing corporate standards.” This is quotation from a manufacturing company executive. It illustrates the negative impact that poorly managed supplier information can have on a company’s ability to cut costs and achieve revenue targets. Many supply... more