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

Supplier Evaluation
Supplier Management

Supplier Selection & Evaluation – How To Find The Right Suppliers

August 5, 2022 The oboloo Team

Supplier Selection & Evaluation – How To Find The Right Suppliers It is important for your business to be able to source top quality products and services at a competitive price and with the assurance that they are being produced in a reliable manner so your company can succeed in today’s competitive market. This might not come as […]

Supplier Management Best PRactices
Supplier Management

Best Practices for Supplier Management

August 2, 2022 The oboloo Team

Best Practices for Supplier Management Managing suppliers is an essential component of a business’ procurement process. Done well, it can turn you into a company superstar. Poor management, however, can add more stress to the situation. A poor supplier management can result in several issues, including: When a company builds a strong supplier management process, […]

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 […]

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