Too often, responsibility for managing and monitoring supplier records and relationships is diluted across an organisation.
But this shouldn’t be the case, especially in times such as these.
Tough times require tough cost control measures. Your initial response is probably to lose people – it feels like an instant saving. But there’s a far more logical place to start pruning costs, and that’s your supplier database.
Many companies are currently looking to move to new suppliers, but most should be looking to consolidate the relationships already established. Building a strong supplier base may not be the main priority at the moment, but maintaining your base should be.
Proactis Holdings Plc (LON:PHD) develops and sells business software, and provides installation and related support services in Europe and the United States. The company offers Spend Control and eProcurement solutions that help organizations to improve operational and financial performance by enhancing the way they buy various goods and services.