Specification Harmonization can help evaluate suppliers

Amazon launches new Business Prime benefits, spend visibility tool

Amazon will let its Business Prime customers analyze purchasing trends, earn credit card rewards and request extended payment terms, as the online retail giant aims to capture a larger slice of supplier spend.

Leaders’ Corner: How Good is a Contract? Tips to Avoid Loopholes

A good contract can prevent a lot of issues and everyone would agree with this. However, what does “good” encompass is trickier than it sounds.

Specification Harmonization can help evaluate suppliers

We have observed that the desired savings are not being captured despite spend consolidation for a particular category. The reason may be that category teams are missing huge opportunities by considering “specs” by suppliers based only on the contribution to the spend.

Organization-wide Deployment of Smart Contracts is not a reality yet

Chasing the dream of fully automated contracts is not a new phenomenon In fact, academicians and supply chain participants alike have been on a decades-long quest to eliminate the supposed inefficiencies in traditional written agreements.