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Supplier spend is changing rapidly and organizations must manage supplier spend by identifying the shift in the current inflation (adjusted price of the supplier’s goods). While supplier relationships are priority, external factors such as currency, demand, and cost of energy are affecting pricing and supply. If not now, when?
The system is decentralized, with institutions having capacity in-house. The latest innovations of the e-procurement system include an e-contracts module and integrating payments through the e-invoicing module, so the full procurement process is now electronic. So we started with a pilot of nine institutions and then opened up.
Your leadership team plays a central role in steering this principle, from the start when launching the procurement policy and during operations. . Suppliers exactly know what they will sell to you, including product & price information. Treat your supplier as the expert, also in P2P-related matters .
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