Spend Matters

DECEMBER 23, 2024

Alexandra Arens , Senior Content Marketing Manager at Onventis , shares what their customers are looking for from their digital procurement investment based on the 2024 Procurement Barometer study results and the DACH SME Procurement Barometer 2024. Metrics around supplier consolidation and spend concentration are also common.

Procurement 120

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supplier consolidation 120

World of Procurement blog

MAY 23, 2024

Supplier consolidation refers to the strategy of reducing the total number of suppliers that a company deals with and instead focusing procurement spending on a select few preferred suppliers. To leverage procurement data and insights by consolidating spend across fewer suppliers.

Supplier consolidation 52

Supplier consolidation Suppliers Supply Chain Efficiency supply chain budgeting 52

Supply Chain Game Changer

JUNE 30, 2022

Subscribe to Supply Chain Game Changer. The Importance of a Strong Supply Chain and Logistics Strategy! A supply chain is made up of an interconnected network of suppliers that all function together to deliver products or services to customers efficiently. Consolidation. Email Address.

Agile and Lean Supply Chain 78

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 78

Una

OCTOBER 25, 2022

In recent years, however, many teams have managed to successfully shake off this long-outdated reputation. Procurement professionals are now celebrated for their innovation, creativity, agility, and cost-saving initiatives. There are several benefits associated with supplier consolidation. Get new resources weekly!

Supply Chain Efficiency 105

Supply Chain Efficiency Procurement Purchase orders Real-time Visibility 105

Jaggaer

OCTOBER 24, 2024

It’s vital to ensure that you have the tools and technology needed to optimize your consolidated purchasing power across various centers. Consolidating Suppliers: A Pathway to Cost Reduction Supplier consolidation is another avenue procurement leaders often explore to reduce costs.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain budgeting 52

World of Procurement blog

MAY 8, 2024

It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Mitigates risk by selecting reliable suppliers, managing supplier relationships, and ensuring continuity of supply.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Claritum

AUGUST 23, 2019

Drivers including opening up new markets/customer groups, investors supporting initiatives for diversity, brand awareness and to encourage increased levels of innovation in their supply chain. Many medium sized businesses are also looking at diversity in their supply chains, for the reasons explained in this article.

Supply 36

Supply Agile and Lean Supply Chain Suppliers Contract 36