Procurement managers can benefit from supplier segmentation

SalesMoney Matters
Written By Jennifer Joslyn

🤝 Procurement managers can benefit from supplier segmentation.

Supplier segmentation is the process of dividing suppliers into different categories based on various criteria such as the importance of the products or services they provide, the risks associated with working with them, and the potential for cost savings. Procurement managers can benefit from supplier segmentation with improved supplier relationships, enhanced risk management, cost savings, and improved supplier performance.

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Jennifer Joslyn
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