#esourcing

[prokraya]

Cost Savings in Procurement

The primary objective of procurement is to ensure the acquisition of products and services at the appropriate price. However, the challenge lies in showcasing the value provided by procurement. In the majority of organizations, the delivery of value is exemplified through cost savings.

[esourceful]

The Impact of Artificial Intelligence on Software Development

The Impact of Artificial Intelligence on Software Development is game-changing and driving innovation and progress in the industry.

Read more

[aldonrichards]

The UK ecommerce industry is one of the best in the world. It is the envy of others because of its amazingly consistent growth. Thousands of entrepreneurs join this platform every year, hoping to join the UK ecommerce bandwagon and make it big.

[krinatisol]

4 Steps to Make Supplier Performance Management Work for you

Why is Supplier Performance Management important?

Supplier performance management is important for a number of reasons:

It helps ensure that goods and services are delivered on time and meet quality standards. This is especially important in industries where timely delivery and high quality are crucial, such as in the manufacturing or healthcare sectors.

It allows organizations to identify and address issues or problems with their suppliers before they have a negative impact on the business. This can help prevent delays, reduce costs, and improve overall efficiency.

It helps organizations make better-informed decisions about their supplier relationships. By tracking and analyzing supplier performance data, organizations can determine which suppliers are the most reliable and cost-effective, and prioritize their relationships accordingly.

It can help organizations build stronger relationships with their suppliers. By working closely with suppliers to understand and address their needs, organizations can foster mutual trust and cooperation, which can lead to long-term partnerships.

Here are 4 steps to make supplier management services performance work better for your business.

1) Determine the right KPIs

While you establish the practice of monitoring supplier performance, the first step is to understand what you will measure. Determine the exact metrics you will use to evaluate and track supplier performance. This will help you make more informed decisions when evaluating and assessing supplier performance.

The metrics you use should be specific, measurable, and realistic. This will ensure that you’re able to accurately measure your suppliers’ performance and make changes when necessary. You should also take into account the impact each measure has on the overall performance of your business.

Typical performance KPIs include:

On-time delivery

Quality of product or service – SLA adherence or rejections on the assembly line

Pricing terms

Sustainability & Environment

Risk & Stability – Reputation, Insurance, Financial Stability

2) Communicate your expectations early and often

Once you’ve determined the performance measures for tracking supplier performance, it’s important to be proactive in communicating with suppliers. Make sure that suppliers are aware of the metrics that will be used to measure their performance and how their performance will be tracked. This includes communicating your expectations about quality, cost, delivery timelines, and other key performance metrics. Ensure that suppliers are given enough information to allow them to make the necessary changes to meet your goals.

This proactive approach to communication with suppliers will create a culture of trust and ensure that everyone involved in the process understands their role in achieving success.

Additionally, you should establish regular intervals for evaluating supplier performance and make sure the data is collected and communicated with all stakeholders at these intervals.

3) Set up a system for tracking and measuring performance

Keeping track of and measuring supplier performance is important. A supplier performance scorecard is a great way to track and measure performance over time and make necessary corrections.

When setting up a supplier performance scorecard, there are several factors you should consider. For each measure, you should assign a numerical value that corresponds to a certain level of performance. Then, at regular intervals, you should gather data about how your suppliers are performing against these measures and determine the overall performance score for each supplier.

Choose a method for storing and organizing data, such as a spreadsheet or specialized software. For smaller organizations, spreadsheets work great. For more complex needs, specialized software esourcing solution is available that can help with tracking and analyzing supplier performance data. These solutions may offer features such as automated data collection, real-time reporting, and the ability to track multiple suppliers and KPIs. By doing this, you can easily track trends in performance and make changes where needed.

4) Maintain corrective action and continuous improvement

Continuous improvement is a key part of supplier performance management. This means continually working with your suppliers to review current performance, discuss areas for improvement, and set new goals and objectives.

By taking necessary corrective action, you can ensure that your suppliers meet the standards you have set for them.

If a supplier is consistently underperforming, it’s important to have a plan in place to address the issue and take steps to improve performance. This could include reducing the order size, providing extra training or resources, or finding an alternative supplier.

For suppliers that consistently perform to set expectations, you need to put strategies in place to maintain their continued involvement with the organization; most often requiring one-on-one meetings with management personnel from both parties involved.

Original Source: 4 Steps to Make Supplier Performance Management Work for you

[emcscared-whumps]

WRITING RESOURCES

This post will be updated with new entries Last updated: 01 Aug, 2024 See the Updated Version!

WRITING TIPS & RESOURCES

ASL: Technicques to Write Signed Dialogue

Disability Writing Guides (Another resource post)

Disabilities that You Should Consider Representing in Your Writing More Part 1 (Another esource post)

Editing Service (by @concerningwolves)

Emotional Intelligence in Conflict

Ellipsus, the New Collaborative Writing Tool

Difficult Chapters

Drafting: Four Methods for Highly Anxious Individuals

Writing Disability: Overused Tropes

General Writing Resources Post (Collaborative)

Lay or Lie

MS Word Shortcuts Guide

Niel Gaiman Teaches the Art of Storytelling

Platonic Relationship Development

Passive Voice Advice

Publishing

On Punctuating Speech

Scene Transition

Sentence Ending Pointers

YA MacGuffins and Games, A Trope Analysis

Your Readers Don't Know - The Truth of the First 30 Pages

Weirdly Specific but Helpful Character Building Questions

The Writer's Sus Resources Post

The Writer's Workbook

WHUMP

The Anatomy of Kill Blows (Collaborative)

The Biology of Human Survival (Life and Death in Extreme Environments), by Claude A. Piantadosi

Whump Events (A linked Google doc by @whumpsday )

Whump Reference Books (A linked list created by @bump-of-whump )

Whump Resources (A resource post by @a-crumb-of-whump , how to start a whump blog, oc advice, advice on motivation and dealing with discouragement, and games

Iron Comb (Iron combs for processing wood/flax fibre used as a torture device in historical settings)

Mer Whump Bingo by @a-crumb-of-whump

The Whumpy Printing Press is Open for Submissions for Publication of Whumpy Novels!

WOUNDS, INJURIES, & TRAUMA

GSW Recovery - [A] [B] [C]

Malnutrition

Migraines

Passing out from pain

PTSD Dreams

Scar Tissue Info

Sleep Deprivation

Writing Traumatic Injuries Resources (Another resource post)

More Resources for Writing Injuries (Another resource post)

WEAPONS

Gun information

The Safety and Mechanism of a Bolt Action Rifle

Bolt Action Rifle Mechanism (Animated diagram)

Semiautomatic Rifle Mechanism (Animated diagram)

Pump Action Rifle Mechanism (Animated diagram)

CLOTHING

African Women's Fashion (Outfit examples video)

Lady's Clothes Guide

Men's Fashion Guide

Men's Suits Guide

Period Clothing References

Shirt types

Vintage Fashion Clips (Saved for scarf pin :))

MISC

African Hair Care and FAQ

Art Resources and References (Another resource post)

Creating a Chinese Name

Writing Deaf, Mute, or Blind Characters

Place Description Aid...?

Directional Hearing Underwater

Drawing Fat Simple

General Cane Guide

Ideas to Consider when Creating BIPOC Characters

POC Stock Photos

Wheelchair References for Art and Writing (features images)

Whump Community Directory (Tumblr blogs)

Wikipedia Monster Compilation Pages for People (Another resource post)

If there're any broken links, please let me know!

[disordersofresonanceandairflow]

(H.)uman (R.)esources Giger

[jobupdatepk]

Press Information Department Lahore Job Announcement 2024 | PID Department Lahore Staff Recruitment 2024 Online Apply

PID Department Lahore has announced the latest 21 job Posts for posts of esource development expert, quality assurance manager, assistant manager finance, communication coordinator, assistant manager admin hr and assistant manager procurement  and other posts. Interested Candidates can apply for the Latest Press Information Department Lahore Job Announcement 2024 before 15 August, 2024 The PID…

[beeneedssleep]

Y'all I need to share the dream I had last night.

So it started with these little black fluffball creatures which were a mix between skunks and dogs and called skogs.

They were very cute though, but they happen to be born right next to a litter of cats (?) Not sure what they were to be 100% tbh but the were white and fluffy and looked like cats, so that's what I'll be calling them.

I also want to add that the parents for both the skogs and the cats looked very humanoid. They didn't even have animal ears, they just had fur coats (and no other clothes) .

Anyways, there weren't enough esources for the skogs and cats, and normally the skog mother would eliminate all the cats to ensure they would never return to seek revenge, but as a new mother herself, she couldn't bring herself to kill them, so she just exiled them by throwing them all of a cliff. I think one died but the rest survived.

A few weeks later the cat mother returns with reinforcements. She has wolves who are barking at the cliffside and armed soldiers with guns.

But the most important thing she brought:

Felix hugo fradarius pulls up on a razor scooter. He rides up a little ramp and does a spin midair. As he does the spin, the handle of his scooter detaches and turns into a bow, and the bottom part converts into a skateboard.

After he lands, he does a kick flip and WHILE DONG THE KICKFLIP he aims his bow at the skogs and shoots

[prokraya]

Common Challenges in the Accounts Payable 3-Way Match Process

In the realm of finance and accounting, the Accounts Payable (AP) 3-Way Match Process plays a crucial role in ensuring accuracy and transparency. However, this process has its fair share of challenges. This article aims to shed light on the common obstacles encountered in the AP 3-Way Match Process and explore possible solutions.

[esourceful]

10 Free Websites to Sharpen Your Skills in Software Development

Our latest blog shares 10 websites with free resources to help you learn software development through courses, tutorials, coding challenges and more! Great for expanding your skills in Python, JavaScript, frameworks like React, mobile and web programming.

[aldonrichards]

Trade Buyers Enjoy Greater Credibility With Esources Registration And Quality Wholesale Offerings

Trade buyers often face problems while trying to procure wholesale stocks from suppliers. They generally rely on the internet to find wholesale suppliers, dropshippers, importers, exporters, manufacturers, and distributors. This often results in them engaging with fake suppliers and scammers. There is a well-organized wholesaler scam operating in the UK ecommerce market, and many traders, novice and experienced, have fallen victim to such scams.

[krinatisol]

Why Suppliers Should Not Fear Reverse Auctions

Reverse auctions are a great tool for buyers to save money, but many suppliers tend to be apprehensive about participating in them. Suppliers do not like participating in reverse auctions because they are typically viewed as a race to the bottom in terms of pricing.

There are more apprehensions which we will articulate in this article. We will also take a look at the remedial measures a buyer must take to ensure auctions are competitive and the best bid is placed by the most capable supplier.

Understand suppliers’ apprehensions about participating in reverse auctions

When it comes to participating in a reverse auction, suppliers are wary about who else will be in the pool of participating vendors. Suppliers fear that they will be pitted against unqualified or inexperienced vendors who will try to undercut their prices, compromising the quality of the product or service.

Incumbent suppliers may also worry about the fairness of the auction. They may feel that their knowledge of the buyer’s needs and the standing relationship they have with the buyer are not given enough consideration. This can make them feel devalued and uncertain about the outcome of the bidding process.

Large and established suppliers may further worry that a reverse auction only takes into account price, and does not measure their ability to deliver on the project or meet customer needs. They feel the auction does not adequately differentiate between different companies, especially if one has more experience or resources than the other.

Finally, suppliers will be wary of poor buyer behavior while conducting reverse auctions. Buyers tend to place phantom bids, not award business as per prior commitment or tend to negotiate further with the supplier post-auction. Such buyer actions demerit the effort and cause mistrust among the suppliers.

Communicate the benefits of reverse auctions to the suppliers

While supplier apprehensions have merit, the truth is that reverse auctions offer several benefits to the participating suppliers. Buyers need to ensure they inform suppliers of these benefits as well as other insights important to them.

One of the biggest benefits of reverse auctions is the level playing field it creates for all participating suppliers. They can see their competitive positioning vis-a-vis other suppliers and place further bids accordingly. They can trust the system instead of the words of a buyer! In other words, all suppliers have an equal chance of winning the business.

Reverse auctions open up new opportunities for several suppliers. The auction process allows suppliers to reach a much wider audience of buyers than they normally would have access to. This can lead to more business and larger contracts for many suppliers, reducing their sales costs.

Also, while winning the auction is often the primary goal, there are other benefits to participating in reverse auction sourcing. If a supplier does not win, they still gain insights into what their competitors are offering and the market value of their products.

Effectively manage every apprehension of the suppliers

Supplier apprehensions must be proactively addressed. If suppliers feel that reverse auctions are detrimental to trust-based relationships with the buyer, this needs to be managed on priority.

Communicating the award scenario to the suppliers prior to the auction and adhering to it builds trust. How many suppliers will be awarded the business? How much share of the business can the best bidder expect? Would there be any further qualifying steps for a new supplier? Greater the clarity on the outcome, the higher the competition from suppliers.

Explain to suppliers that you are not on a mission to find the ‘cheapest’ supplier. On the contrary, past performance and better capability are valued and factored into the auction. This ensures that the most capable supplier wins, not the cheapest on price alone.

If you have done a pre-qualification of suppliers prior to the auction, go ahead and communicate this to all the participating vendors. This will demonstrate the integrity and seriousness your company has when it comes to reverse auctions.

Summary

In summary, buyers must acknowledge that suppliers are wary of participating in reverse auctions. Their prior experience with other buyers, perhaps from the same industry, also set their perception regarding the process. These apprehensions are critical to be addressed because supplier participation is critical to the success of any online auction.

Krinati offers Program Management Services tailored to assist you in executing a successful eSourcing solution program. To do this, we focus on communicating the right message to suppliers and addressing their apprehensions. We also train users on the dos and don’ts of eSourcing as well as providing event management for sourcing events.

Original Source: Why Suppliers Should Not Fear Reverse Auctions

[yashraj32]

Unleash The Potential Of Private Esourcing Systems For Next-Level Sourcing!

Effigo redefines sourcing with a private and powerful eSourcing system. Experience the freedom to unleash your sourcing potential, take control of your procurement processes, and drive success to new heights. Effigo's private esourcing systems grow with your business, adapting to evolving needs and ensuring scalability for future requirements. Our user-friendly interface ensures that navigating the eSourcing system is intuitive and efficient, facilitating a seamless user experience.For more information about Effigo, visit https://www.effigoglobal.com/ 

[octalsoft]

What is ETMF: An Introduction to Octalsoft’s eTMF Solution

A content management system used to capture, organize, exchange, and retain operational and study information, known as an electronic trial master file (eTMF), has become an essential tool in current clinical research operations. Good Clinical Practice (GCP) guidelines necessitate a trial master file for the review of trial conduct. 

Fully integrated eTMF system

At Octalsoft, we consider trial master file technology to be an integral component of the data collecting and study management experience, which can be readily integrated into your existing workflow. 

But what does this imply for users, and why is it advantageous? To begin, it consolidates all papers into a single location, saving you the time you'd otherwise spend hunting for what you're looking for. Instead of storing critical papers in two or three distinct databases, a platform like Octalsoft’s eTMF can collect and store them alongside study data.

Furthermore, structured data from EDC or ePRO can be saved straight to eTMF inside the same platform. When setting the study, Octalsoft allows study builders to map any provided form to eTMF. All of this adds to a cleaner and easier audit trail, which reduces the burdens associated with inspection time.

Granular management of documents and their associated tasks

Octalsoft’s eTMF is very adjustable and flexible, much like the rest of the Octalsoft platform (EDC and eSource, ePRO/eCOA, eConsent, CTMS, RTSM, and so on). It was thoughtfully designed to enable research experts' capacity to truly micromanage data and documents, as well as the duties related to them, in an ultra-efficient manner. The folder structure and hierarchy can be customized to meet the needs of the host or the study, and folders and their contents can be simply copied for quick reproduction.

Account administrators can also control who has access to different components of eTMF. For example, you could offer users access at a granular level (file per file), or you might grant access to all files.

Our goal was to create an eTMF that adapts to our clients' studies rather than forcing studies to adapt to eTMF, and we're thrilled to offer a solution that does just that.

In summation

Octalsoft's eTMF software solution provides a digital platform and strategy for electronically capturing, organizing, sharing, and storing all critical documents, photos, and artifacts that develop over the course of a regulated clinical trial. The system includes the DIA TMF Reference Model, which enables users to organize their content according to a known taxonomy and structure. Built-in checklists and milestone tracking capabilities enable you to actively assess the completeness and compliance of any material in real time.

Learn even more about Octalsoft eTMF here. Do you have questions or are curious about how to leverage it in your studies? Book a Demo with us today!