A holistic approach to an organisation’s supply base that considers the addition of new suppliers, the rehabilitation of dysfunctional suppliers and the delisting of disqualified suppliers. An organisation’s supply base may be influenced by a number of stakeholders and, over time, the total supply base grows as new suppliers are added, but ‘one-time’ or dormant suppliers are not purged from the accounts payable system. Under supply base management, controls are established as to who can add new suppliers, and in what circumstances, and suppliers are classified into specific groups as part of a program to develop a smaller and better performing community of suppliers.
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Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and procurement consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.
