Having access to an accurate and up-to-date database of supplier information is a critical first step for any buying organisation wishing to gain a full understanding of its supply base. Using reliable supplier information plays a very significant role in reducing a buyer’s exposure to supply chain risk. But the problem facing many companies is in ensuring that the information held on its supplier database is not only accurate and up-to-date, but is also valid. (more…)
Sir Roy McNulty’s recently published review of Britain’s railways lists 10 main barriers to efficiency in the industry and makes recommendations to deliver savings of £1 billion a year by 2019. In asserting that ticket prices are “already too high”, the report highlights the need for the industry to offer greater value to the travelling public and a 30 per cent efficiency improvement target has been presented as the way to achieving this aim.
Making savings of this magnitude will require the rail industry to work far more collaboratively and much smarter. In procurement, an initiative is underway to reshape the way buyers and suppliers work on pre-qualification and tendering processes. The governance for the industry’s supplier qualification scheme, Link-up, has changed to make it accessible to the whole industry on a collaborative basis – creating a scheme that will be “by the industry, for the industry”. (more…)
Having access to an accurate and up-to-date database of supplier information is a critical first step for any buying organisation wishing to gain a full understanding of its supply base. Using reliable supplier information plays a very significant role in reducing a buyer’s exposure to supply chain risk. But the problem facing many companies is in ensuring that the information held on its supplier database is not only accurate and up-to-date, but is also valid. (more…)![[Bloglines]](http://blog.supplymanagement.com/wp-content/plugins/bookmarkify/bloglines.png)
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