Art of Procurement (AOP) has released a free executive briefing exploring why traditional supplier management approaches are no longer sufficient and how procurement leaders can build a more connected, strategic and resilient capability.
“As supplier ecosystems become more complex and business expectations continue to rise, supplier management must extend well beyond contract administration,” said AOP.
“Procurement is expected to manage risk, support regulatory compliance, improve supplier performance, inform sourcing decisions and strengthen supplier relationships, often without the infrastructure needed to do it effectively.”
Produced in partnership with Brooklyn Solutions, Beyond the Contract: Why Supplier Management Needs a Holistic Rethink examines how organisations can connect supplier data, contracts, risk, governance and performance within a more cohesive operating model to enable better decision-making across the supplier lifecycle.
You’ll learn:
- Why supplier management has evolved into a strategic business capability and what that means for procurement
- How disconnected systems and siloed teams create unnecessary risk and limit supplier visibility
- Why policy should be embedded into workflows instead of relying on static documents and manual processes
- How to develop a supplier management roadmap that aligns technology, processes and business priorities
“Your business depends on your suppliers, and every outsourceable service is getting more and more commoditised, so that total reliance on your suppliers is only going to keep growing,” added Jesse Lee, co-founder and CEO of Brooklyn Solutions.
“Organisations that are ahead of this realise they absolutely must stop treating supplier management as a back-office function and start treating it as a strategic asset to the business.”
