Thursday 27 August 2015

Achieve Saving on Indirect Spend

Authored by Usama Shahid

Indirect spend often accounts to 50% or more of a company’s total purchases and are characterized by large supplier base, low volume purchases and a diverse stakeholder spread across the organization. With almost two-thirds of procurement organizations influencing less than 70% of indirect spend, gaining influence over indirect spending will be the key to achieving sustained or increased savings contributions for most procurement groups. In this blog I will be sharing some of the key measures procurement groups can adopt to tame their indirect spend.

Monday 17 August 2015

Value of Managing Supplier Relationship and its Benefits

Authored by Usama Shahid
Mostly I have analyzed that most ignored part of any strategic sourcing is managing relationship with supplier. Many times, the sourcing endeavor goes through a tremendously detailed and laborious process of vendor selection only to disband the team or not fully cultivate the relationship on both sides of the desk. Why is this step so important??
  1. To gain the significant savings from Continuous Improvement
  2. Innovation of Suppliers

Wednesday 12 August 2015

Reduce Supply Risk through eSourcing

Authored by Khizar Farooq

Rise of supply risk is nothing new for sourcing specialists. In late 19th century corporations rapt off from vertical integration as common practice, lead manufacturers an service providers to crucial business risk due to external supply related issues.