Sourcing Strategies

The Value of Preparation in Advance of Procurement Negotiation

We all likely know how to achieve best practices in negotiations. You want to come to the best possible solution for both sides—win/win, and you already know your goals and timeline, you’re familiar with the contract you want, and you know how to play well in any situation. That, unfortunately, isn’t enough. Let’s look back

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Sourcing Strategies

4 Factors to Consider When Evaluating RFPs

In a perfect world, manufacturers could choose their supply chain partners based exclusively on the lowest bidding price. But this may not yield the best products – or the best business partnerships. How should you evaluate RFPs and, more importantly, choose your suppliers? As artificial intelligence, big data and analytics, and machine learning change the

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