TULIPR®’s Post

Preferred suppliers make economic/business sense. Unless we're talking about muffins and 🎈 🎈🎈, select your preferred vendors for the right reasons not the wrong ones. 🔻 Wrong reasons: Already onboarded They “know us” and we “know them” We have a personal relationship It’s easier this way Cost is not an issue for us ✅ Right reasons: They can provide market intelligence (industry dynamics, challenges, benchmarks etc. They are competitive in cost, time and quality; They (!!!) maintain their competitive edge with every project; They are responsive and address issues proactively; They are innovative in their approach. #marketing

🚀 Unlock New Business Opportunities with Supplier Gateway 🚀 At Industries Nationwide Corporation, we’re proud to be registered on Supplier Gateway, a powerful platform connecting businesses with qualified suppliers worldwide. If you’re looking to expand your customer base, here’s how Supplier Gateway can help: 🔹 Increased Visibility: Supplier Gateway provides access to a vast network of buyers actively seeking suppliers. By optimizing your profile, our business can stand out to potential clients looking for exactly what you offer. 🔹 Streamlined Procurement: With Supplier Gateway, businesses can easily review and vet our products, helping streamline their procurement process. The platform simplifies communication, speeding up decision-making and closing deals faster. 🔹 Diverse Supplier Programs: For businesses that value diversity, Supplier Gateway connects Minority Business Suppliers (like us!) with companies committed to inclusive procurement practices. This positions our company to attract corporate clients looking to fulfill their supplier diversity goals. 🔹 Global Reach: Gain access to international business customers and partners looking for high-quality suppliers across industries. Whether you’re focused on local or global expansion, Supplier Gateway has the reach to grow your business. By leveraging Supplier Gateway, we’re able to connect with new customers and offer them the high-quality products they need. Don’t miss the opportunity to take your business to the next level—register today and start making valuable connections! #BusinessGrowth #SupplierGateway #SupplierDiversity #Procurement #GlobalReach #IndustriesNationwide #NewOpportunities #MinorityBusiness

Are you stuck in a local-only mindset when it comes to procurement? It's time to think bigger. Combining local and international suppliers can transform your procurement strategy: 1. Diversification of Supply Chain: A mixed vendor pool reduces risks from local disruptions and strengthens your supply chain. 2. Competitive Pricing: A diverse vendor base fosters competition, leading to better pricing and contract terms. 3. Specialized Expertise: Local vendors offer regional insights, while international suppliers bring innovative solutions to the table. 4. Better Quality and Variety: Access a wider range of products and services by mixing local and international vendors. By embracing a mixed vendor strategy, you can enhance efficiency, resilience, and growth. Read more on it here: https://hubs.ly/Q02Sj84K0 #Procurement #SupplyChain #VendorManagement

𝓐𝓲𝓻𝓯𝓵𝓲𝓹: 𝐅𝐥𝐢𝐩 𝐘𝐨𝐮𝐫 𝐂𝐚𝐭𝐞𝐠𝐨𝐫𝐲 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐭𝐨 𝐭𝐡𝐞 “𝐒” 𝐒𝐢𝐝𝐞, 𝐭𝐡𝐞 "𝐒"𝐮𝐜𝐜𝐞𝐬𝐬 𝐒𝐢𝐝𝐞 Today, category management is typically addressed by services vendors who bring their expertise to help you define a category, understand the market dynamics, put together a sourcing strategy, identify the appropriate suppliers/vendors, put together an RFP, put together a should-cost model, identify the evaluation criteria, and the process for selecting a supplier. All by the billable hour. And the majority of today's category management solutions are either savings estimators or specialist category sourcing platforms that package the expertise of a niche consultancy on a set of categories in to a SaaS offering.  Not general category management solutions for strategic sourcing.  Hence the need to single out 𝐀𝐢𝐫𝐟𝐥𝐢𝐩, which is a new offering in the Source-to-Pay+ space that offers a new generation of analytics-backed category intelligence that allows a sourcing team to not only identify categories of opportunity, but identify where that opportunity is and what vendors they should be looking at. Dive deeper here: https://lnkd.in/dRnTdtVs

Divide and Conquer 👑 Working with different vendors can feel like managing a diverse group of friends. Some are your go-to for the big stuff, and others are perfect for just hanging out. That's where vendor segmentation comes into play. Vendor Segmentation is a smart strategy organisations employ to scale their business successes. Usually, vendors are segmented into the following Tiers: 🎯 𝐓𝐢𝐞𝐫 1: 𝐓𝐡𝐞 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬 (𝐘𝐨𝐮𝐫 𝐁𝐞𝐬𝐭 𝐅𝐫𝐢𝐞𝐧𝐝𝐬) They're the VIPs – offering innovation, competitive edge, and critical support. These relationships are less transactional and more transformational. 🔑 𝐓𝐢𝐞𝐫 2: 𝐓𝐡𝐞 𝐂𝐨𝐫𝐞 𝐂𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐨𝐫𝐬 (𝐓𝐡𝐞 𝐑𝐞𝐥𝐢𝐚𝐛𝐥𝐞 𝐂𝐫𝐞𝐰) These are the backbone of your daily operations. While they might not redefine your business, they are crucial to keep everything running smoothly. 🛒 𝐓𝐢𝐞𝐫 3: 𝐓𝐡𝐞 𝐓𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧𝐚𝐥 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 (𝐓𝐡𝐞 𝐂𝐨𝐧𝐯𝐞𝐧𝐢𝐞𝐧𝐜𝐞 𝐁𝐮𝐝𝐝𝐢𝐞𝐬) Here we have the vendors that are all about making life easier. They provide commodities in a quick and efficient way. 🔧 𝐓𝐢𝐞𝐫 4: 𝐍𝐢𝐜𝐡𝐞 𝐕𝐞𝐧𝐝𝐨𝐫𝐬 (𝐓𝐡𝐞 𝐒𝐩𝐞𝐜𝐢𝐚𝐥𝐢𝐬𝐭𝐬) These are engaged for specific tasks. They might only join you for a project sprint, but they bring a specialised skill-set that's crucial when it counts. It's important each Tier Vendor receives the right attention, management effort and resources. But this is not a one time task. Segmentation should be be reviewed on a yearly basis as your strategy evolves. Now, I’m curious: ➡️ How do you manage and differentiate your IT vendos? Hit 👍 "Like" if you resonate with this and 🔄 "Repost" to pass on this strategy! PS: Comment with the Tier you think is toughest to manage – let's compare notes! Vendor Manager Hub #VendorManagement #Sourcing #ITVendorStrategy #Procurement #VendorSegmentation

📢 PlanetBids is Empowering Vendors Nationwide At PlanetBids, we’re dedicated to helping vendors succeed. Through VendorLine, we’ve expanded access to thousands of government bid opportunities nationwide, simplifying the process and helping vendors win more contracts. Here’s how we’re supporting vendors: ✔️Nationwide Access: Vendors can connect with thousands of bids from state and local agencies across the U.S. ✔️Custom Notifications: Tailored alerts ensure vendors never miss an opportunity that matches their expertise. ✔️Streamlined Tools: A single platform to find, manage, and submit bids efficiently and effectively. By combining VendorLine’s innovative features with PlanetBids’ expertise, we’re providing vendors with smarter tools to grow their businesses and achieve more. 🌐 Learn more about how PlanetBids and VendorLine are transforming procurement: https://hubs.la/Q02-1Gv70

𝗘𝗺𝗯𝗿𝗮𝗰𝗲 𝗖𝗵𝗮𝗻𝗴𝗲: 𝗪𝗵𝘆 𝗦𝘁𝗶𝗰𝗸𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝗦𝗮𝗺𝗲 𝗩𝗲𝗻𝗱𝗼𝗿𝘀 𝗠𝗶𝗴𝗵𝘁 𝗕𝗲 𝗖𝗼𝘀𝘁𝗶𝗻𝗴 𝗬𝗼𝘂 𝗠𝗼𝗿𝗲 𝗧𝗵𝗮𝗻 𝗬𝗼𝘂 𝗧𝗵𝗶𝗻𝗸 "𝘞𝘦 𝘢𝘭𝘳𝘦𝘢𝘥𝘺 𝘩𝘢𝘷𝘦 𝘰𝘶𝘳 𝘷𝘦𝘯𝘥𝘰𝘳𝘴 𝘢𝘯𝘥 𝘤𝘢𝘯’𝘵 𝘵𝘢𝘬𝘦 𝘰𝘯 𝘢𝘯𝘺 𝘮𝘰𝘳𝘦 𝘢𝘵 𝘵𝘩𝘪𝘴 𝘵𝘪𝘮𝘦." Sound familiar? This common response might be holding your business back in more ways than you realize. Have you ever been told, "𝘞𝘦 𝘢𝘭𝘳𝘦𝘢𝘥𝘺 𝘩𝘢𝘷𝘦 𝘰𝘶𝘳 𝘷𝘦𝘯𝘥𝘰𝘳𝘴 𝘢𝘯𝘥 𝘤𝘢𝘯’𝘵 𝘵𝘢𝘬𝘦 𝘰𝘯 𝘢𝘯𝘺 𝘮𝘰𝘳𝘦 𝘢𝘵 𝘵𝘩𝘪𝘴 𝘵𝘪𝘮𝘦"? It's a familiar refrain that can be disheartening, but there's more to this statement than meets the eye. Sticking with the same vendors might seem like the safe bet, but it could be costing your business in innovation, flexibility, and even higher costs. In our latest blog post, we explore: 🔑 The hidden risks of vendor complacency 🔑 Why diverse suppliers can bring fresh ideas and innovation 🔑 How finance and procurement can balance vendor loyalty with fresh opportunities Don’t let the comfort of familiarity hold your business back. Discover how staying open to new vendor partnerships can drive growth and innovation. Let’s start a conversation: How do you balance vendor loyalty with the need for fresh innovation and diversity? Share your thoughts—I’d love to hear them! 👇 Read the full blog post here 👇

Curious about how PlanetBids and VendorLine are transforming procurement? We’re not just changing the game—we’re redefining it. 💡 Discover what sets us apart and why it’s worth your time to learn more. #Procurement #Innovation #PlanetBids #VendorLine

Vendor portals are a game changer for procurement teams. (but not enough of you know about them) A vendor portal creates a central place for you to collaborate with your vendors. It empowers them. It frees you of constant comms. It creates proactive vendor relationships. Not reactive email-strewn relationships that feel transactional 🤮 Not to mention that compliance is drastically enhanced. Are you making use of a vendor portal?

Diversifying your vendor base doesn’t mean giving up on strong relationships—it means expanding and strengthening them. 🤝 Imagine having a network of trusted suppliers who can step in when one falters. That’s the power of vendor diversification. It’s not about replacing existing partnerships but enhancing your supply chain by adding reliable options that ensure continuity and cost efficiency. A balanced vendor portfolio fosters healthy competition, keeps pricing in check, and ensures service quality remains high. It’s also a way to protect your business from potential disruptions while building long-term strategic partnerships. Are you ready to grow your vendor network and create a stronger foundation for your operations? Start today and reap the benefits of a resilient, efficient supply chain. #VendorManagement #StrategicPartnerships #ProcurementExcellence #ResilientSupplyChain #SupplyChainStrategy #SupplierDiversity #BusinessContinuity #RiskMitigation #CostEfficiency