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In today’s competitive world, one must be knowledgeable about the latest online bus...
Oct 12, 2018
| Member since | Jun 30, 2026 |
If you are part of the procurement team, you must have experienced this: whenever you have to find a new supplier, you have to go through all the old spreadsheets, seek recommendations from people, and end up returning to the same old vendors you always use, rather than finding new ones. That’s the real issue. Good suppliers are out there, but finding them, validating them, and trusting them takes way too long. Supplier discovery fixes that. This post will explain what supplier discovery actually means, why old-school sourcing holds you back, and how the right tools can dramatically widen your supplier choices. What we mean by supplier discovery Supplier discovery is all about finding, checking, and connecting with new suppliers, the ones you haven’t worked with before. Think of it as an opportunity to expand your circle rather than sticking to the familiar ones. In the past, sourcing relied on referrals, trade shows, cold calls, or the first vendor who answered. ... Continue reading →
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