The Cost of What You’re NOT Doing

One of the things we talk about all the time here at tealbook is the cost of inefficient supplier discovery and knowledge management. Those costs take a few different forms: Time: How many weeks/hours/minutes is procurement spending every year using tools such as the Internet to search for suppliers qualified enough to invite to sourcing events? […]

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Did you hear? tealbook is now Powered by Dun & Bradstreet

Today we shared some really big news about the growth of tealbook’s supplier intelligence: our supplier database now provides instant intelligence on millions of suppliers powered by data from D&B, the largest global commercial database available. We’re obviously very excited about this news. The tealbook team worked incredibly hard to reach this point, never losing sight of our […]

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How can procurement rationalize the new supplier discovery process?

If there is such a thing as a ‘classic’ procurement strategy, it is supplier rationalization. We take a category of spend where there are far more suppliers under contract than our demand justifies and we concentrate our volume with fewer suppliers. In some cases, we may even recommend a single sourcing strategy, placing all of […]

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Divide and Conquer to Achieve Supplier Knowledge Management

Question: As a procurement professional, have you ever been handed someone else’s legacy supplier information or category overview/playbook and been able to use it to come up to speed faster on the category?  Answer: Not nearly often as you should have been. Knowledge management is one of those things that everyone in procurement knows we […]

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It is time to reinvent the way procurement manages supplier information

‘Back in the day’ procurement professionals used to talk about Supplier Information Management (SIM). Over time, information about supplier performance against established KPIs was incorporated and the effort became known as Supplier Performance Management (SPM). Now that supply base collaboration is all the rage, you’re more likely to read about Supplier Relationship Management (SRM), although […]

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