by Janice Marquardt | Feb 11, 2025 | Definitions, Processes
Does your business have a supplier manual? If not, do you feel like you struggle to communicate with your suppliers and hold them accountable? A Supplier Manual is one of those things every company should have, but many don’t. One of my first ever tasks for a client...
by Janice Marquardt | Feb 4, 2025 | Savings
One of the first places company leaders go looking for savings is supplier payment terms. While this seems simple, payment terms are more complicated than they first appear. Payment terms usually appear in the contract or even as part of the purchase order terms, if a...
by Janice Marquardt | Jan 29, 2025 | Processes, Savings
In a deep dive training into Sourcing with a client recently, I mentioned the phrase “tail spend” and was met with a few blank looks. Tail spend is one of those procurement terms that we don’t realize is jargon, and this was a group of people new to the profession. So...
by Janice Marquardt | Dec 24, 2024 | Processes
Because this week is Christmas and this post will publish on Christmas Eve, let’s talk about sourcing a live Christmas tree as a supply chain professional. Now, true to form, this post is coming too late to do anything about it this year, which is appropriate for the...
by Janice Marquardt | Dec 3, 2024 | Processes
In running a Request for Proposal (RFP), timing matters. This includes when it opens, how long it lasts, and when it closes. Today we’ll talk about RFP timing, including opening, running, and closing for the best bid results. We’ll also cover sealed vs. unsealed bids...
