Remove Automotive Remove Buyers Remove Transparency
article thumbnail

Hitting The Brakes On Out Of Control Supplier Master Data W/ Cyrille Naux

ivalua

If this foundation does not exist or if it is shaky, then buyers don’t know how much the company is spending with a given supplier, let alone how they can improve the efficiency or impact of a given spend category. Direct spend suppliers are large, global, and absolutely critical to the company’s operations and their competitive advantage.

article thumbnail

5 Steps Towards Modernizing Supplier Management

ivalua

When it comes to the nature of buyer-supplier relationships, we’re entering a brave, new world. To top it all off, extremely tight supply markets have further shifted negotiating leverage from buyers to suppliers. As with transparency, the key to maximizing value here is to enable broad and deep collaboration.

article thumbnail

How should software producers be held accountable for shoddy cybersecurity products?

Federal News Network

The approach is unusual but not unprecedented — in 1975 the government outlawed what was viewed as abusive sales tactics by the automotive industry by creating so-called “lemon laws” that gave new rights to car buyers stuck with inherently defective automobiles.