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Insights and strategies for effective sourcing, contract, supplier, and savings management in procurement

Direct vs indirect procurement
Supplier Management

Direct vs. Indirect Procurement: What’s the Difference?

July 29, 2022 The oboloo Team

Direct vs. Indirect Procurement: What’s the Difference? Essentially, procurement involves acquiring the supplies every organisation needs to function day-to-day. When you get into the details, you start to bring in all the supporting factors that make procurement work. The procurement process can be broken down neatly into two niches—direct and indirect procurement. Despite the fact that both of these […]

New Supplier handshake
Supplier Management

The Ultimate Supplier Performance Evaluation Checklist

July 26, 2022 The oboloo Team

The Ultimate Supplier Performance Evaluation Checklist Steps To Evaluate Suppliers The success of your business depends on the performance of your suppliers. A poorly performing supplier can negatively affect your bottom line and even put your company at risk. That’s why it’s important to evaluate your suppliers regularly. We will provide you with a quick checklist […]

SRM Supplier Management
Supplier Management

Identifying The Risks Associated With a New Supplier Relationship

July 22, 2022 The oboloo Team

Identifying The Risks Associated With a New Supplier Relationship The concept of supplier relationship management isn’t necessarily new, but it needs to be better formalised in the current economic climate Rather than being a transactional interaction involving a contract kept in a filing cabinet until renewed, vendor-supplier relationships are by necessity becoming increasingly strategic; a continual constant conversation that […]

Supplier Relationship Management
Supplier Management

A Complete Guide To Supplier Relationship Management

July 19, 2022 The oboloo Team

A Complete Guide To Supplier Relationship Management There are a number of ways an organization can manage its supplier relationships, from determining how each supplier contributes to its success to developing strategies that will help them perform more efficiently. Supplier relationship management (SRM) is a systematic approach to evaluating vendors that provide goods, materials, and services to […]

compliance
Supplier Management

The Complete Supplier Compliance Process

July 15, 2022 The oboloo Team

The Complete Supplier Compliance Process Any successful interaction within procurement, whether internal or external, depends on smart relationship management. The requirement for an efficient and effective vendor compliance program is non-negotiable when it comes to reducing costs and building strong, mutually beneficial relationships with your vendors. By drafting and implementing a comprehensive vendor compliance policy, including chargebacks where necessary, you can reduce expenses […]

Supplier Management Success
Supplier Management

The Ultimate Guide To Successful Supplier Lifecycle Management

July 12, 2022 The oboloo Team

The Ultimate Guide To Successful Supplier Lifecycle Management A successful collaboration requires a thorough understanding of every aspect of the supplier. Supplier lifecycle management involves managing these aspects.  By ensuring quality throughout the cycle, supplier lifecycle management enables companies to identify the right suppliers and get better value. Below are the most important phases of […]

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