{"id":703,"date":"2013-08-14T09:23:52","date_gmt":"2013-08-14T09:23:52","guid":{"rendered":"https:\/\/stagingwww.zycus.com\/the-why-what-and-how-of-supplier-management-part-3-external-driving-forces"},"modified":"2023-10-19T13:34:39","modified_gmt":"2023-10-19T13:34:39","slug":"the-why-what-and-how-of-supplier-management-part-3-external-driving-forces","status":"publish","type":"post","link":"https:\/\/dev.zycus.com\/freshz\/blog\/procurement-technology\/the-why-what-and-how-of-supplier-management-part-3-external-driving-forces","title":{"rendered":"The Why, What and How of Supplier Management \u2013 Part 3: External Driving Forces"},"content":{"rendered":"<p>Till now we discussed the growing significance of supplier management and the internal factors driving the supplier management technology.<\/p>\n<p>In this blog we will discuss the external factors necessitating <a href=\"https:\/\/dev.zycus.com\/freshz\/solution\/supplier-management\" rel=\"\\&quot;noopener\\&quot;\">supplier management<\/a> technology.<\/p>\n<ul>\n<li><strong>Industry trends<\/strong><\/li>\n<\/ul>\n<p>Technology is constantly evolving and organizations need to adapt to these changes. If the majority of competitors are implementing tools to manage suppliers, then the organization needs to consider it too, lest they be left behind.<\/p>\n<ul>\n<li><strong>Global supply chain\u00a0<\/strong><\/li>\n<\/ul>\n<p>To take advantage of the cost difference in developing economies, many organizations often source from these countries, thus extending the supplier base.<\/p>\n<ul>\n<li><strong>Supply chain risk<\/strong><\/li>\n<\/ul>\n<p>When the supply chain is spread across the globe and has tiers of suppliers, the supply chain becomes more vulnerable to macro-economic scenarios and geo-political issues,\u00a0 and the probability of suppliers being caught in a scandal or a supplier\u2019s factory being affected increases.<\/p>\n<ul>\n<li><strong>Support during adverse times<\/strong><\/li>\n<\/ul>\n<p>When an organization has managed to maintain good relations with the suppliers, they can expect support in times of disaster (when their inventory has been destroyed, for instance) or enjoy preference over their competitors when for instance, the demand for their product soars.<\/p>\n<ul>\n<li><strong>Industry standards<\/strong><\/li>\n<\/ul>\n<p>There are company-wide policies and then there are government regulations, such as FDA, Occupational Safety and Health Act etc., that organizations must ensure their suppliers are following and have the mandatory certifications.<\/p>\n<p>In the next blog we will talk about one of the biggest obstacle that impedes the supplier management technology success \u2013 low user adoption rate.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Till now we discussed the growing significance of supplier management and the internal factors driving the supplier management technology. In this blog we will discuss the external factors necessitating supplier management technology. Industry trends Technology is constantly evolving and organizations need to adapt to these changes. If the majority of competitors are implementing tools to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":101860,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1937,1939],"tags":[728,351,463,649,651,613,356,690,715,384,716,717],"ppma_author":[170],"class_list":["post-703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procurement-technology","category-supplier-management","tag-external-driving-forces","tag-procurement","tag-procurement-process","tag-procurement-software","tag-procurement-solution","tag-procurement-strategy","tag-supplier-management-2","tag-supplier-management-software","tag-supplier-management-solution","tag-supplier-performance-management","tag-the-why","tag-what-and-how-of-supplier-management"],"acf":[],"authors":[{"term_id":170,"user_id":0,"is_guest":1,"slug":"zycus-inc","display_name":"Zycus","avatar_url":{"url":"https:\/\/dev.zycus.com\/freshz\/wp-content\/uploads\/2025\/02\/zycus-author.png","url2x":"https:\/\/dev.zycus.com\/freshz\/wp-content\/uploads\/2025\/02\/zycus-author.png"},"author_category":"0","last_name":"Agentic Procurement Platform","first_name":"Zycus","job_title":"","user_url":"https:\/\/dev.zycus.com\/freshz","description":"Zycus is an Agentic Procurement Platform that is redefining procurement from Source-to-Pay to Intake-to-Outcomes. Its unified platform combines native Intake, agentic AI, and an end-to-end S2P core to help enterprises drive real procurement outcomes \u2014 not just transactions. Recognized by Gartner, Forrester, IDC, and customers worldwide, Zycus is shaping the next generation of procurement with the Merlin Agentic AI Platform."}],"_links":{"self":[{"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/posts\/703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/comments?post=703"}],"version-history":[{"count":0,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/posts\/703\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/media\/101860"}],"wp:attachment":[{"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/media?parent=703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/categories?post=703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/tags?post=703"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/ppma_author?post=703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}