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Did you know that (60-65%) of strategic partnerships fail?  While strategic partnerships are increasingly vital to the success of your business, more than half of them are failing today, according to Mark Sochan’s, ‘The Art of Strategic Partnerships’.  This week, on our Excellence in Vendor Management series, we spoke to two industry leaders: Carrier’s Strategic […]

The rise of the internet is one of the most critical events in the history of our species. It connected the world like never before and enabled people and businesses to rethink the traditional ways of doing things. The internet-enabled platforms and websites became an integral part of our lives and changed the way things

We’re thrilled to announce that Enlighta has been named a best-of-breed tool with Supplier Relationship Management (SRM) capabilities by Everest Group in their recent report, “Transforming Supplier Relationship Management with Technology | Market Insights™.” This recognition by an industry leading analyst firm validates our commitment to empowering businesses with innovative solutions that reduce value leakage

More than 75% of the companies have had moderate to severe impact to their relationship with suppliers and the suppliers ability to deliver on their contractual obligations due to Covid-19. More and more organizations are finding it difficult to review the various contractual clauses getting impacted by the pandemic and understand various options available to

The increasing complexity of functions in the financial services sector necessitates specialization. This, in turn, has given rise to large-scale outsourcing and partnering by banking, insurance, and financial service providers to a growing number of third parties. According to the 2021 World Retail Banking Report, banks are rethinking IT spending priorities by outsourcing up to

The business landscape went through a drastic disruption and transformation due to the COVID-19 pandemic, and supplier management has taken center stage for enterprises to ensure supply chain agility and organizational resilience. The performance of supplier relationships and effective communication and collaboration are significant factors for supply chain success, and a supplier portal is a

The COVID-19 pandemic and its rapid impact on the global economy have made it crucial for enterprises to be adaptable and responsive to changes. Enterprises are now turning to their third-party IT Partner/Supplier ecosystem to effectively adapt and react in the fast-paced & highly competitive business landscape. The IT suppliers have enabled enterprises to scale

The quality of your supplier/vendor relationships determines the success of your supply chain. Especially, in this time of disruption & transformation, optimizing your supplier relationships is crucial for an agile supply chain and a resilient enterprise. However, most enterprises have multiple systems for managing different aspects of their supply chain. These disparate systems create data

Reflections from IAOP OWS 23 (Outsourcing World Summit) @ Chicago. Was great to catch up with old friends and connect with peers. Great sessions; a summary of what I took away. #impactsourcing : what companies should be doing (though mostly are currently not); though potential for major suppliers to make that a component of their