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Procurement Wiki
In this section, you will find articles on key procurement topics. Please do not hesitate to contact us to learn more or to discuss how to adapt a solution to your environment.
- How to effectively manage supplier risk within your company?
Supplier risk management has become an important activity for a purchasing department. The stakes are high, the environments uncertain and variable, and the complexity…
- How to develop a Responsible Purchasing policy within your company?
What is Responsible purchasing? Responsible (or Sustainable) purchasing incorporates economic, environmental and social performance criteria. It is the application of…
- How to effectively manage your supplier relationships using a Supplier Relationship Management (SRM) approach?
Every buyer faces extreme complexity due to the diversity of supplier relationships, contacts, events, and so on. To avoid being overwhelmed, it is important to manage your…
- How to negotiate effectively with your suppliers?
Negotiation is obviously a key skill for the Buyer, where all the preliminary steps lead: setting up the strategy and an associated organization, segmentation, the…
- How to analyze supplier feedback during a tender process?
Your call for tenders is launched and you have selected the most interesting suppliers for your company… now you must analyze the responses and choose your future partner. Gaps…
- How to properly define and formalize a set of specifications?
The needs-expression phase determines the nature of the need qualitatively and quantitatively. The purpose of expressing the need is to establish a set of specifications that will…
- What is a purchasing strategy?
In order to carry out the missions assigned to the purchasing department (buying products, works or services under the best market conditions…), a purchasing strategy must be established. Without…
- Are my company’s purchasing processes efficient and effective?
How do you manage your purchases? Have you defined a specific policy and strategies? Have you selected the right suppliers, and do you monitor your relationships with them?…