Jaggaer

OCTOBER 24, 2024

The Art of Supplier Collaboration: Best Practices to Build Lasting Partnerships Dynamic market changes and global events seem to create newer demands and greater pressure on procurement professionals. Growth Strategic supplier relationships are vital for supporting business growth.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain software solutions 52

Jaggaer

FEBRUARY 5, 2025

Complete Source to Pay cycle and Strategic Sourcing Guide An optimized Source-to-Pay (S2P) process helps businesses enhance procurement efficiency, reduce costs, and improve supplier collaboration. What is Source-to-Pay?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Real-time Visibility 52

Procurement Tactics

MARCH 23, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Source-to-Contract — The Ultimate Guide Source-to-contract is an important process in procurement. If you want to know about source-to-contract, then this is for you! What is Source-to-Contract?

Contract 156

Contract Sourcing Purchase orders Bidding 156

Positive Purchasing

JANUARY 20, 2025

These changes have reshaped how procurement professionals collaborate and execute their tasks. In this new era, collaboration in procurement has become critical for achieving efficiency and innovation. She highlights the importance of collaboration in today’s hybrid work environment.

Collaboration 52

Collaboration Procurement Procurement team Innovation 52

Procurement Templates

NOVEMBER 21, 2024

Here’s a detailed guide to enhance procurement capabilities across various domains: Strategic Sourcing and Supplier Management Actionable Steps: Analyze Spend Data: Use spend analysis tools to identify areas where costs can be reduced or efficiencies improved. Resources: Online courses on strategic sourcing (e.g.,

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization supply chain software solutions 130

Procurement Templates

DECEMBER 11, 2024

Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Having good relationships with our suppliers means that they are also willing to work with procurement collaboratively, after all a win win situation should benefit both parties.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

Jaggaer

FEBRUARY 5, 2025

The Power of Source-to-Pay Digital Transformation To put it briefly, source-to-pay refers to the entire process that starts with finding, negotiating with, and contracting the suppliers of materials, goods and services, and culminates in the final payment for those items. Who Should Prioritize an S2P Digital Transformation?

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

Jaggaer

FEBRUARY 20, 2025

What is Source to Pay (S2P)? Yet in the case of source to pay, it is wholly justified. That said, many organizations, including large enterprises, may not think in terms of source to pay as an end-to-end process, if they think about it at all. Yet there are good reasons to do so.

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

Procurement Leaders

MARCH 10, 2023

As long as we nurture collaboration, have a strong team and have a clear process to follow, everything will fall into place.” I would say if I were to pick one of the other risks, the newest in the sourcing environment is the cyber risk. So risk will be one of the key metrics for purchasing in the future.

Collaboration 147

Collaboration Supply chain Management Risk management 147

Procurement Leaders

DECEMBER 9, 2022

With operations all over the world, and sourcing offices in Denmark, North America and China, its supply chain is exposed to a huge scope of complex challenges, across categories of spend including agriculture, chemicals, and enzymes, among others.

Collaboration 162

Collaboration Supply Chain Efficiency Raw materials Supplier relationship management 162

ProcurePort

MAY 10, 2023

• Improved Cost Efficiency: Strategic sourcing software enables businesses to analyze and optimize their procurement processes, resulting in significant cost reductions and improved supplier negotiation outcomes.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supplier negotiation 130

Spend Matters

OCTOBER 31, 2024

The idea for True ValueHub was born out of the pain points our Founder, Gautam Pasari, experienced first-hand over the years working for various manufacturing companies while leading their strategic sourcing, category management and digital transformation functions. What is the road ahead for True ValueHub? “We

Real-time Visibility 120

Real-time Visibility Supply Chain Efficiency Buyers Supply Chain Optimization 120

Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Simplified: Best Practices for Maximizing Value Strategic sourcing goes beyond cost savings its about making informed decisions that drive long-term value. Now well dive into best practices in these critical areas to ensure a more effective and resilient sourcing strategy.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

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 Insights

FEBRUARY 18, 2025

EDITOR’S NOTE: I have recently completed a preliminary analysis of Packaging & Container Companies’ challenges to enable greater supplier collaboration and automation around the purchase order process, including PO confirmations, shipment notices, and price/quantity changes.

Purchase orders 52

Purchase orders Collaboration Purchasing Suppliers 52

SCMDOJO

OCTOBER 28, 2024

Sales & Operations Planning (S&OP) is an established industry process that aims at finding a balance between demand and supply and streamlining cross-functional collaboration. This collaborative approach leads to a more proactive and preventative approach to quality management.

Procurement 97

Procurement Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 97

Procurement Templates

MARCH 3, 2024

I asked my assistant to help me mock up a strategic sourcing framework and she did a fairly good job but made a few mistakes. By the way, when doing sourcing preparations it doesn’t mean that you can’t work on multiple parts at once and go back and forth before the tender is issued but there is a typical order.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Spend Matters

OCTOBER 31, 2024

Because True ValueHub is collaborative in a way most costing solutions are not, the solution can support discussions and negotiations between buyers and suppliers based on facts, which is a condition for capturing more value for both sides. Also, its approach could potentially change how the traditional sourcing process is executed.

Buyers 114

Buyers Raw materials Networking Suppliers 114

Spend Matters

DECEMBER 11, 2024

Tariff management is a strategic subset of direct materials management and sourcing that involves navigating and optimizing the complex costs and regulatory implications of importing materials and goods across borders. Tariffs essentially taxes imposed on imports and exports directly impact product cost structures.

Supply Chain Optimization 110

Supply Chain Optimization Management Supply chain resilience Supply Chain Efficiency 110

Procurement Leaders

MAY 13, 2024

A major difference between an RFS and an RFP is that buyers approach suppliers without knowing precisely what it is they are sourcing. If selected, those proposals can then be further developed in collaboration with relevant business stakeholders. Procurement and the business collaborate to define the requirements around a challenge.

Innovation 130

Innovation Sourcing Buyers Suppliers 130

ivalua

MARCH 9, 2023

A comprehensive Source-to-Pay platform is a critical component of an organization’s IT environment. What is Source-to-Pay? The Source-to-Pay process itself is quite broad but it covers most if not all the aspects of a procurement organization, at least from a process and technology perspective.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

ivalua

MAY 31, 2022

A company’s supply chain is a key source of competitive advantage and Supply Chain Management (SCM) is designed to allow a company to monitor its suppliers and utilize the available resources to improve performance. But most sourcing and procurement teams need to pivot and modify the way they handle SCM decisions.

Suppliers 246

Suppliers Supplier relationship management supply chain software solutions Agile and Lean Supply Chain 246

Spend Matters

MARCH 6, 2025

Think of it as the centralized hub that simplifies engagement and empowers decision making for whatever it is youre seeking to address in the Source-to-Pay lifecycle. Here’s how: Unified access to data: Raindrop aggregates information from various sources, providing decision makers with a single source of truth.

Supply Chain Efficiency 73

Supply Chain Efficiency Procurement Chief Procurement Officer Stakeholder engagement 73

Supply Chain Dive

SEPTEMBER 9, 2024

The retailer is collaborating with environmental nonprofit Canopy to develop paper products using agricultural waste and non-forest fibers.

Sourcing 117

Sourcing Collaboration 117

Procurement Insights

FEBRUARY 21, 2025

Interoperability: Supports multi-enterprise collaboration , ensuring different procurement platforms work together as one. Network Intelligence: Learns from market trends, supplier performance, and risk factors to optimize sourcing and supplier management. sourcing, supplier onboarding, contract approvals).

Supply Chain Optimization 75

Supply Chain Optimization Contract management Networking Contract 75

IBM Supply Chain Blog

SEPTEMBER 5, 2023

Open-source software. DevOps, open source and the mainframe Open-source software and DevOps share a common philosophy and technical underpinnings. DevOps is a mindset, a culture and a set of technical practices that foster better communication and collaboration across the software lifecycle.

Sourcing 120

Sourcing Collaboration Strategy Management 120

ivalua

JUNE 26, 2023

Vishal Patel and Peter Hunt delivered their session ‘Creating Value with Strategic Sourcing’ to discuss how Procurement professionals are recognizing that the fast-paced digital landscape of today demands new approaches to category management and strategic sourcing. The answer is simple – automation. See you soon!

Supply Chain Efficiency 244

Supply Chain Efficiency Strategic sourcing Strategic sourcing Procurement 244

Spend Matters

NOVEMBER 29, 2023

Supplios is a supplier collaboration platform built specifically to help manufacturers work with their direct-material suppliers. The platform has built-in functionalities for supplier management, direct material sourcing and procurement, supplier onboarding, supplier quality and supplier performance management.

Suppliers 116

Suppliers Sourcing Management Collaboration 116

Spend Matters

DECEMBER 16, 2024

It ensures that organizations have the right materials sourced from the right suppliers at the right time and for the best cost, making tariff management a natural part of these processes. Direct materials management is essential for aligning demand, supply and product objectives throughout the product lifecycle.

Agile and Lean Supply Chain 110

Agile and Lean Supply Chain Management Supply Chain Efficiency Supply Chain Optimization 110

ivalua

JANUARY 31, 2023

This puts the Procurement function in a central role towards establishing a transparent emissions baseline using reliable data and collaborating with suppliers on carbon savings plans to meet reduction targets and for reporting and risk assessment. They can use these models to focus on high-emitting categories and products.

Supply Chain Efficiency 246

Supply Chain Efficiency supply chain software solutions Supply chain Innovation 246

ivalua

JUNE 14, 2023

Change management plans should anticipate potential resistance and facilitate adoption by nurturing a culture of collaboration and buy-in. You can connect with Vishal on Linkedin You May Also Like Source to Pay (S2P) What is Source to Pay Best Practice? An Analysis by Ivalua Read More : What is Source to Pay Best Practice?

Procurement 239

Procurement Change management supply chain budgeting Supply Chain Optimization 239

Spend Matters

NOVEMBER 19, 2024

He has spent about 20 years in supply chain and procurement, was involved in the sourcing of sustainable cocoa and confection for Unilever’s Ice cream brands and procured premium packaging and chemicals for Unilever’s Beauty and Wellbeing business. Risk mitigation requires strategic thought and conscious choices on sourcing.

Risk 111

Risk Strategy Agile and Lean Supply Chain Supply Chain Optimization 111

Procurement Freelancers

DECEMBER 23, 2024

Keeping a competitive edge in a fast-paced, globalized economy is crucial, and long lead times… The post How Strategic Purchasing Reduces Lead Times with Supplier Collaboration first appeared on Procurement Blog | Procurement & Supply Chain News.

Purchasing 98

Purchasing Collaboration Suppliers Supply chain 98

Supply Chain Dive

OCTOBER 10, 2024

Collaborations can lower procurement costs and drive operational change, but experts say aligning objectives and cost structures are key to success.

Sourcing 121

Sourcing Supply chain Collaboration Supply 121

ivalua

NOVEMBER 15, 2022

Thanks to the automation, transparency and seamless collaboration tools offered by Ivalua’s unified, cloud-based spend management platform, customers can improve profitability, drive innovation, improve ESG performance, and reduce risk. I’m sure that Ivalua will be a game-changing value addition in our offering for procurement businesses.”

Eprocurement 245

Eprocurement Procurement Spend management Collaboration 245

SCMDOJO

OCTOBER 30, 2024

Enhancing Collaboration Capabilities Supply chain management is inherently collaborative, often requiring coordination between suppliers, manufacturers, distributors, and retailers. MTSS platforms enhance collaboration capabilities by offering features such as group project modules, discussion forums, and peer review systems.

supply chain budgeting 97

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 97

SCMDOJO

FEBRUARY 15, 2025

Improve collaboration between suppliers, manufacturers, and logistics partners. These include alternative sourcing strategies, backup transportation routes, and emergency inventory reserves. Use Tools for Supply Chain Collaboration Slack or Microsoft Teams for real-time communication. SAP or Oracle SCM for resource planning.

Project management 91

Project management Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 91