How important are you to your suppliers? Do they want to keep you as a customer and treat you well, or do they think you’re a bit of a nuisance? This is called supplier preferencing and it’s all about making sure you’re with the right supplier. The model compares the value of your business with… Continue reading Supplier Preferencing or Where Should I Drink?
Category: Procurement Theory
Category Management or You Spend HOW Much?!
Category Management in Procurement means grouping similar types of item together so you can look at them in more detail. Sometimes we talk about ‘categorising your spend,’ where you look at a full year (or other time period) and review how much money was spent on different types of goods and services. Category Management in… Continue reading Category Management or You Spend HOW Much?!
Total Cost of Ownership & A Calamitous Bike Owner
How is total cost of ownership calculated? Take the initial purchase price and add the additional costs expected during its lifespan. Let’s take the example of owning my bike.
Supplier Appraisal: Would you buy from Wonka Industries?
A story of Carter’s 10Cs, supplier appraisal and should I call the Home Office?
Supplier appraisal ensures you find the right suppliers that fit your business and your goals.