Source One Round Up: July 22, 2016

Here's a look at where Source One's cost reduction
 experts have been featured this week!

Four Guidelines for Suppliers Responding to an RFP
Responding to RFPs take time and effort. There are fewer more frustrating hurdles to the sourcing process than unnecessary proposal revisions. Whether it's as major as pricing discrepancies or seemingly as small as agreeing on product turn-around times, the back and forth of proposal revisions can extend the sourcing process and even negatively impact the company-supplier relationship.  As a strategic sourcing project Analyst, Nicole Mahaffey understands the headaches caused by constant back and forth of proposal revisions with suppliers. This week, she breaks down for guidelines suppliers should keep in mind when submitting request for proposals.

To "Term" or Not to "Term"... That is the Question

Signing your company's name to the dotted line of a contract can be concerning for some organizations, leaving many to opt for suppliers that do not require having a contract in place. However, the absence of an agreement can have dire consequences. Part of the strategic sourcing process is addressing the need for contract components such as terms and ensuring stakeholders understand the associated risks of moving forward with a supplier without an agreement. Also this week, Source One IT Sourcing Project Manager Torey Guingrich explains a few of the key considerations to keep in mind when deciding contract terms and agreements as they relate to the spend category, pricing, supplier flexibility, and changeover. 

Congratulations are in order for Source One's Associate Director Diego De la Garza. De la Garza was named an Emerging Leader by the Council of Supply Chain Management Professionals. He is recognized for his contributions the supply chain management profession, particularly for championing Source One's Nearshoring Practice, his role in the company's expansion in the Midwest, and his supply management thought leadership. 

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