Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Success: Best Practices and Key Strategies Of course, there are many definition s of source-to-pay but put simply, strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. How Has Strategic Sourcing Evolved?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 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

NLPA (Next Level Purchasing Association)

SEPTEMBER 13, 2021

You essentially want to answer the question, “How competitive is the market in this industry?”. When a market is highly competitive it means that: There are a lot of available suppliers. Buyers have more bargaining power. The number of suppliers in a market depends on several factors, one of which is “barriers to entry.”

Supply market 52

Supply market Bidding Supply Suppliers 52

CPO Rising

FEBRUARY 23, 2024

The analysts spend hours discussing key learnings from their different market research surveys, as well as the highlights from their […] For more than a decade, Ardent Partners’ senior analyst team has gathered in Boston for a multi-day company strategy and planning meeting.

Buyers 40

Buyers Supply market Strategy Procurement 40

Jaggaer

OCTOBER 24, 2024

Decision-makers must plan supply chain resilience strategies for a wide range of risk scenarios. These include crises such as the 2020 pandemic as well as structural changes in supply markets like the effect of domestic electric vehicle (EV) loans and subsidies on critical metals availability.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Sourcing and Supply Chain

JUNE 24, 2021

Later on, it is categorically understood that for multiple sources of consumption or multi factory plants, sourcing a similar product by different persons may lead to consumption of more time, money, and resources. It results in specialization in category for a buyer and ends up in a better deal with saving time, resources, and money.

Category management 52

Category management Management Procurement Market analysis 52

SCMDOJO

FEBRUARY 13, 2023

Supporting the organization’s goals through effective strategies: The procurement team supports the organization by monitoring supply markets and trends, identifying critical materials, and developing effective procurement strategies to increase competitiveness.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87