Source One Partners with Local APICS Chapter to Discuss Supplier Relationship Management
Chicago, IL (April 16, 2019) – In an era of evolving risk factors and highly-strategic Procurement units, businesses cannot afford to hold their suppliers at arm’s length. Engaging the supply base effectively means identifying opportunities to build partnerships and work collaboratively. Source One Senior Analyst, Jennifer Engel, will make this argument as the keynote speaker for the American Production and Inventory Control Society’s (APICS) Spring Dinner in Milwaukee, WI.
On April 18th, Engel will deliver a presentation titled Supplier Relationship Management: Establishing Programs for the Strategic and Tactical Supply Base to members of the leading Supply Management non-profit. Leveraging her experience leading strategic sourcing initiatives in a wide range of categories including MRO and Facilities , as well as Procurement Transformation initiatives, Engel intends to caution attendees away from a one-size-fits all approach to supplier relationship management. She identifies four primary segments of the supply base: Strategic, Essential, Commodity, and Transactional. Each, she suggests, requires a unique approach that they will reward with unique benefits – providing attendees with an actionable methodology for effectively engaging suppliers at each tier.
“Supplier relationships,” she suggests, “are still an under-valued piece of Supply Chain Management. While true innovators tend to recognize the value of partnerships, many organizations still view vendor engagement as a necessary evil. I hope to inspire a new perspective and embolden APICS members to devise a new, more human-centric approach.”
Engel’s presentation is just one example of Source One’s ongoing efforts to elevate Procurement and drive the function into its future. The leading spend management consultancy is currently sharing insights in its new whitepaper series: Building an Effective Procurement Organization. Part 1, focused on talent management, is available for download now. Four additional installments will follow over the next several weeks.