Supply Chain Opz

JANUARY 19, 2015

Strategic Sourcing has been used by companies of all sizes for years. In many companies, purchasing thus underwent a significant shift from being rather transactional and tactical, to a more strategic function, able to influence company growth. This commentary highlights some of the key principles to strategic sourcing.

Strategic sourcing 56

Strategic sourcing Strategic sourcing Sourcing Product development 56

Jaggaer

JULY 4, 2024

Christian Heinrich, Co-Founder and Managing Director, c arbmee The 80% Challenge I was recently delighted to participate in a JAGGAER live webinar focused on the introduction, in recent years, of carbon emissions measurement as a factor in strategic sourcing. The objective of net zero carbon footprint is now familiar.

Strategic sourcing 59

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 59

SCMDOJO

MARCH 24, 2025

Strategic Sourcing: Strategic sourcing involves managing suppliers, while their selection is done through Request for Quotation (RFQs) forms from multiple suppliers to compare and evaluate them based on pricing, quality, and delivery speed. However, its impact is typically greater on the buyer than on the supplier.

Price 69

Price Purchasing supply chain budgeting Raw materials 69

Arkestro

DECEMBER 26, 2024

By automating routine work, procurement professionals can focus on high-impact tasks like strategic sourcing and relationship building with key suppliers. It streamlines the entire procurement process by centralizing and automating interactions between buyers and sellers.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Empowering CPO

DECEMBER 14, 2020

To answer this question, it is much simpler first to list down the reasons as to when a specific category should be taken up for Strategic Sourcing. This helps a procurement organization to list down its plan for the New Year and identify categories that should be taken up for sourcing. Once every year is the right frequency.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 52

Procurement Leaders

JUNE 20, 2023

The maturity of individual categories can also be a function of buyer capabilities and stakeholders’ appreciation of procurement’s value. Even if a category is gifted by the most forward-thinking buyer at the tiller, if the business ignores their skill and avoids the process, then progress is unlikely to be made.

Procurement team 147

Procurement team Procurement Influencing Buyers 147

Jaggaer

JULY 10, 2024

An increasing number of suppliers are now promoting their carbon efficiency as a Unique Selling Proposition (USP), shifting the market to give buyers leverage over existing suppliers to encourage them to improve performance.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Bidding 52

ivalua

JUNE 29, 2020

Quite often there can be a general lack of spend and vendor management and strategic sourcing activities. For example, unique workflow and fields in a requisition to capture doctor, patient, product serial numbers & procedure details and route specific product types to specialized buyers/suppliers.

Agile and Lean Supply Chain 219

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 219

Procurement Tactics

AUGUST 25, 2022

Kearney where he spent 10 years in the consulting firm’s strategic IT and operations practice which drives client business transformation and optimization initiatives. He is a member of the advisory board for the world’s premiere global association for sourcing and procurement professionals.

Procurement 231

Procurement Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 231

ivalua

FEBRUARY 13, 2019

New forecast and order collaboration capabilities allow companies to improve collaboration between buyers and suppliers, reducing cycle times and risk of supply chain disruptions. Recognized as a Leader by Analyst Firms. Ivalua continued to be recognized as a leader by top analyst firms.

Bill of materials 35

Bill of materials supply chain budgeting Supply Chain Efficiency Innovation 35

Jaggaer

FEBRUARY 20, 2025

Strategic sourcing becomes part of the process and ensures that the best vendors are selected, and that favorable deals are negotiated with them. This sequence of tasks is sometimes referred to as source to contract, and they form the upstream elements in S2P. Strategic sourcing: The word strategic is added for good reason.

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

World of Procurement blog

MAY 8, 2024

Well-defined contracts help ensure suppliers meet expectations while protecting the buyer's interests. Sourcing Manager - Manages supplier selection, negotiation and contracting processes for specific spend categories. Buyer/Purchasing Agent - Executes purchase orders and transactions. Maintains relationships with suppliers.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Jaggaer

NOVEMBER 14, 2024

Strategic Sourcing with Superior Supplier Intelligence Superior supplier intelligence is a major value driver especially at the sourcing stage. Platforms like JAGGAER One bring together enterprise buyers, suppliers, and partners on a single, cloud-based solution.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Chief Procurement Officer Supply Chain Optimization 52

Spend Matters

APRIL 10, 2024

To potential buyers — Matchory is valuable to organizations seeking a cost-effective solution for quick and accurate supplier discovery, enhancing transparency in global supply chains and optimizing strategic sourcing efforts. This content is for members only. Visit the site and log in/register to read.

Suppliers 109

Suppliers Supply Chain Efficiency Supply Chain Optimization Strategic sourcing 109

ivalua

FEBRUARY 8, 2023

Procurement technology can also help businesses improve supplier relationships and enhance communication between buyers and suppliers. Digital transformation will lead to the evolution and digitization of key procurement processes, from source-to-pay. Create speed and transparency.

Supply chain resilience 242

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

Spend Matters

MARCH 8, 2023

Categories: Procurement Strategy & Planning , Procurement Systems & Architecture , Strategic Sourcing Tags: PRO In this Spend Matters PRO Vendor Analysis, we give an overview of akirolabs, a category strategy management solution built to support the transformation of procurement from a tactical function to the role of value orchestrator.

Strategy 98

Strategy Strategic sourcing Strategic sourcing Management 98

Spend Matters

FEBRUARY 27, 2023

Vendigital’s team uses analytics tools to help clients tidy their data so they can make informed improvements to their businesses, e.g., internal cost reduction, supply chain design and strategic sourcing. To the buyer — Vendigital offers a SaaS analytics tool and experts to interpret the analysis.

Suppliers 98

Suppliers Buyers Strategic sourcing Strategic sourcing 98

Procurement Tactics

JULY 14, 2022

Additionally, the demand has increased as many buyers or firms cannot negotiate a reasonable price for products or services. These include strategic planning, supplier collaboration, implementing best practices , strategic sourcing , and negotiation. . Procurement Service Provider — The Ultimate Guide of 2022.

Procurement 130

Procurement Supply Chain Efficiency Negotiation Strategic planning 130

The Good Spending

JANUARY 4, 2023

Its two dimensions suggest the flat Earth approach with insufficient room to cater to the complexities of modern category management and strategic sourcing situations. The Strategic Sourcing Matrix Let’s start with the classical view, which is the adapted Strategic Sourcing matrix.

Strategic sourcing 97

Strategic sourcing Strategic sourcing Agile and Lean Supply Chain Category management 97

Spend Matters

NOVEMBER 2, 2022

Categories: E-Sourcing , Procurement Systems & Architecture , Sourcing , Strategic Sourcing Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Globality and its services sourcing solution. Globality’s solution uses AI technology to implement a self-service approach to services procurement.

Sourcing 98

Sourcing Strategic sourcing Strategic sourcing Ethics 98

Procurement Software

MARCH 16, 2025

Furthermore, Procure-to-Pay (P2P) , e-Sourcing and Supplier Relationship Management (SRM) apps often contain supplier portals. Three-way communication between Buyers, Stakeholders and Suppliers avoids the need for unnecessary emails. Digital procurement tools are the enabler to free up time for these.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

Procurement Tactics

MARCH 23, 2023

In this sourcing phase, you will need to gather all the information regarding the budget, lead times, and order quantities. In strategic sourcing , you will have to dedicate time and effort to researching suppliers who can deliver quality products, at the right time and quantity.

Contract 156

Contract Sourcing Purchase orders Bidding 156

Skill Dynamics

JANUARY 14, 2025

They can improve performance, lead to stronger strategic alignment, and enhance the career development opportunities for your procurement staff. A typical procurement competency framework covers several key areas, including but not limited to strategic sourcing, supplier management, risk management, and contract negotiation.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

ivalua

FEBRUARY 25, 2021

Additionally, a purpose-built solution will enable you to measure and monitor buyer adherence to compliance purchasing, ensuring your team is taking advantage of preferred items and reaping the rewards of the contracts you have in place. Demand planning capabilities.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

SCMDOJO

DECEMBER 29, 2024

However, it covers key differences between purchasing and procurement, explores common contract types, and emphasizes the importance of strategic sourcing, supplier relationships, and risk management. Read In Detail About Procurement Department Here 2.

Supply Chain Efficiency 95

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 95

Una

DECEMBER 20, 2022

Your procurement team’s sourcing strategy might favor a strategic, project-based, long-term contract, or one-off spot-purchase approach. A strategic sourcing strategy is key to ensuring vendors with the potential to deliver the most value. When authorization is required, make sure buyers are getting it right.

Management 98

Management Buyers Procurement team Contract 98

Procurement Insights

MARCH 17, 2025

Approach : Data-driven, emphasizing external market insights to level the playing field between buyers and suppliers. commodity buyers, cost analysts). large enterprises, strategic sourcing). Founded : Established in 2000, with a long-standing presence in procurement.

Negotiation 52

Negotiation Procurement team Real-time Visibility Cost of ownership 52

Strategic Sourceror

FEBRUARY 6, 2023

Prospective buyers say the environmental benefits of EVs are fueling their interest. A Blog for Procurement, Supply Chain and Purchasing Professionals, sponsored by Corcentric , a leading Procurement Service Provider, specializing in Strategic Sourcing, Procurement Resources and Procurement Advisory.

Raw materials 140

Raw materials Strategic sourcing Strategic sourcing Demand 140

ivalua

APRIL 1, 2019

It is either a data input, such as what we gather and use in spend analysis, or it is a process by-product, such as the information we gather from prospective suppliers during strategic sourcing. Procurement, distributed buyers, the executive team, sales and marketing all have their own reason for looking up suppliers.

Suppliers 133

Suppliers Management Contract Strategic sourcing 133

Procurement Insights

MARCH 16, 2025

While they are distinct concepts, they complement each other in AI-driven procurement, strategic sourcing, and market intelligence. Hansen , models procurement behavior using autonomous agents (suppliers, buyers, regulators, etc.).

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

Procurement Heads

SEPTEMBER 21, 2022

Nobody says, “I want to be a Buyer when I grow up!” My biggest achievement of all time is saving the company I worked for $52 million on a global strategic sourcing initiative. How can we encourage more women to choose procurement as a viable career? And I would love to change that. Every step of the way, be grateful.

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Strategic sourcing Strategic sourcing Purchasing Procurement 130

Strategic Sourceror

AUGUST 5, 2022

Ever since, they're lucky to have the orders in buyers' hands within three months. He added that since candy bars are inexpensive, a 20% increase in what's charged likely won't phase buyers to the same degree as a similar percentage increase would for other industries. Brought to you by the StrategicSourceror.

Supply chain 104

Supply chain Supply Buyers Consumer demands 104

Strategic Sourceror

SEPTEMBER 16, 2022

From cereal staples like Cheerios to snack treats like Ho-Hos and Ding Dongs, pantry staples are beloved by grocery buyers because they know what they're getting with each bowl or individually wrapped snack cake. Brought to you by the StrategicSourceror.

Export 104

Export Buyers Supply chain Strategic sourcing 104

SCMDOJO

APRIL 3, 2022

Introduction to Strategic Sourcing. . Buyers and suppliers both benefit whenever vendors are chosen based on who can deliver the greatest bargain instead of who seems to have the most competent sales representatives (Vendorful, 2018). . 7 unbelievable ways eAuctions reduce buyer telco costs. Macfarlane, 2017).

Supply Chain Efficiency 141

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 141

Procurement Insights

OCTOBER 24, 2022

In short, by focusing on savings, the wrong practices and buyer behaviors were rewarded, e.g., beating down suppliers, vendor rationalization etc. What is worth noting is that back in 2007, the executive participants in a CPO Agenda Roundtable said that one strategic sourcing professional is worth ten run-of-the-mill buyers.

Strategic sourcing 64

Strategic sourcing Strategic sourcing Buyers Procurement 64

Procurement Insights

APRIL 3, 2025

Like any ecosystem, it has both positive and critical aspects , depending on your perspective whether you’re a startup, enterprise buyer, vendor, or procurement leader. Enterprise Buyer Friction Some procurement teams view DPW as too startup-centric or “innovation for innovations sake.” Positive Aspects of DPW 1.

Innovation 52

Innovation Real-time Visibility Sustainability Collaboration 52

Una

MARCH 8, 2023

This can happen if the supplier is unwilling to budge on pricing or if the buyer is unwilling to accept a lower quality product. Unrealistic demands: Negotiations can quickly break down if the buyer or supplier makes unreasonable or unrealistic demands, such as asking for a price that is significantly lower than market rates.

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Supplier negotiation Negotiation Suppliers Buyers 97