For anyone working in procurement, accounts payable, or even project management, vendors are critical partners in your company’s success, which is why it’s crucial to make your vendor experience better. From the raw materials that fuel your operations to...
Many organizations rely on a diverse network of vendors to support their operations. While this diversity offers numerous benefits, such as increased resilience and access to innovation, managing a large number of suppliers can present significant challenges. From...
Vendor portals have become essential tools for streamlining procurement processes and improving communication between businesses and their vendors. However, getting vendors to adopt these portals can be a significant challenge. The change can be jarring for them, and...
One way to achieve strong vendor relationships while also maximizing savings is by offering vendors a dynamic discounting program. This financial strategy becomes even more compelling in a high-interest-rate environment where certain vendors struggle with high costs...
