3 Ways Slow Approvals Drive Up Procurement Costs

Businesses increasingly rely on third-party vendors and contractors to supplement their workforce, expand their capabilities and serve customers. The benefits a company realizes as a result of leveraging a range of third-party vendors are undeniable, yet doing so doesn’t come without risk. If payments, agreements and approvals aren’t properly managed, the business can be at…

Building Vendor Relationships in Electronics Distribution

A recent survey conducted by Electronic Purchasing Strategies revealed that electronic purchasing professionals spend an average of nearly 7 hours per week interacting or negotiating with vendors.  This was the most hours of any of one particular task. The survey also revealed contracting and maintaining vendor relationships as their primary job role.   Despite a society…