Glossary

What is supplier management?

Supplier management covers the selection, evaluation, and monitoring of relationships with a company's suppliers. It encompasses negotiating purchase terms, tracking orders, receiving goods, checking invoices, and paying within agreed deadlines.

Best Practices

  • Evaluation grid: Quality, lead time, price, and after-sales service of the supplier.
  • Payment terms: Negotiating deadlines to optimize cash flow.
  • Delivery note/Invoice reconciliation: Automatic control of quantities and invoiced prices.
  • Supplier history: Tracking disputes, returns, and exchanges.

The purchasing module of GestiumERP centralizes the management of all your suppliers. Also read our article on optimizing purchases and supply chain management.

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