Wesley Moura’s Post

Mastering Supplier Negotiations: 🌐 Dive deep into the art of building lasting partnerships. Start with clear communication, understand mutual goals, and leverage data for informed decisions. The key? Collaborative value creation that goes beyond the transaction. 💬🤝 #NegotiationStrategy #SupplierPartnerships

The strength of your supplier relationships can make or break your business. Strong supplier relationships drive innovation, reduce risks, and enhance operational resilience. Things that help build strong supplier relationships: ✔ Clear and Open Communication ✔ Mutual Trust and Respect ✔ Timely Payments and Fair Negotiations ✔ Collaborative Problem-Solving ✔ Long-Term Partnership Approach Trust and collaboration with suppliers aren't just nice-to-haves; they are strategic imperatives. #SupplierManagement #StrategicPartnerships

Strategic supplier relationship management is essential for optimizing procurement outcomes. Cultivate strong partnerships, transparent communication, and mutual trust with your key suppliers to drive innovation and collaboration. Strengthen your supply chain through effective supplier engagement strategies! #SupplierRelationships #Collaboration #Innovation

📣Today, join us as we uncover the secrets to successful Supplier Relationship Management.📣 “Understanding the two approaches to Supplier Relationship Management is crucial in today's dynamic business environment. It enables professionals to adeptly navigate supplier interactions, ensuring resilience and competitiveness. By learning the nuances of each approach, leaders can optimize their supply chain operations, fostering stronger, more adaptive partnerships. This knowledge is instrumental in achieving a balanced, effective supplier management strategy that addresses immediate challenges while building for the future.” #supplierrelationshipmanagement #strategicprocurement  #reactiveprocurement #supplychainoptimization  ================================================= If you like this content, give us “👍” and write in the comments: What do you think we should discuss next? 

Building Strong Supplier Relationships: A Procurement Pro's Guide Healthy supplier relationships are key to a successful procurement strategy! Here's how to avoid common pitfalls: Unclear Communication: Set expectations upfront, define timelines, and maintain regular communication. Price Focus Only: Look beyond price! Build trust by demonstrating a collaborative, long-term approach. Performance Disconnect: Establish clear performance metrics and communication channels for smooth collaboration. Proactive Solutions: Early Engagement: Involve suppliers early in the process. Understand their capabilities and build trust. Win-Win Mindset: Negotiate for mutual benefit. Focus on creating long-term value for both parties. Open Communication: Regular updates and clear expectations foster collaboration and avoid surprises. By managing supplier expectations effectively, procurement teams can build strong partnerships that deliver exceptional value. #StrategicProcurement #SupplierManagement #BuildingRelationships #CIPS

Beyond blame: build and nurture trust in strategic supplier relationships Trust between you and your supplier is critical to the success of any major complex project. Actions on the ground can have a huge impact on the confidence each party has in the other.  That’s why it’s crucial to understand how you can build commercial trust and keep it. Our article will help you identify whether you have commercial trust within your strategic relationships and shares a number of tried and tested ways to nurture it with your supplier partners. See comments for link to full article.  #Performancemanagement #suppliers #servicemanagement

Beyond blame: build and nurture trust in strategic supplier relationships Trust between you and your supplier is critical to the success of any major complex project. Actions on the ground can have a huge impact on the confidence each party has in the other.  That’s why it’s crucial to understand how you can build commercial trust and keep it. Our article will help you identify whether you have it within your strategic relationships and share a number of tried and tested ways to nurture commercial trust with your supplier partners. See comments for link to full article.  #Performancemanagement #suppliers #servicemanagement

Supplier Management has taken a profound shift from price negotiations and deliverability to establishing meaningful, strategic partnerships with suppliers. Some questions to ask yourself: 1. How effectively do you collaborate with your suppliers? 2. What value do you see in these relationships? 3. Do you have the right people in place? 4. What do you use to support successful operations? Deep dive by benchmarking your organisation, which is completely FREE. https://hubs.ly/Q02yyG6-0

LAST CALL - Bench mark your organisation's SRM & receive a view vs best practice/your industry alongside bespoke key recommendations for free. You can also get a complementary ticket to our 2024 book launch later in the year! All you need to invest is just ~30 minutes of your time!

Supplier Management has taken a profound shift from price negotiations and deliverability to establishing meaningful, strategic partnerships with suppliers. Some questions to ask yourself: 1. How effectively do you collaborate with your suppliers? 2. What value do you see in these relationships? 3. Do you have the right people in place? 4. What do you use to support successful operations? Deep dive by benchmarking your organisation, which is completely FREE. https://hubs.ly/Q02yyG560