Competitive bidding Strategic sourcing Supply Chain Optimization 
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?
ivalua
JULY 21, 2021
REV Group embarked on its sourcing and procurement transformation earlier this year, which included four appointments to REV’s global sourcing and supply chain team, representing the Fire & Emergency, Commercial and Recreation segments. Benefits include: Shortened sourcing cycle times. ABOUT CONSUS GLOBAL.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Spend Matters
FEBRUARY 13, 2025
This focus and track record however, was in some ways at the expense of fully optimizing and maximizing procurements total strategic value to the enterprise as a whole. Utzs Procurement team had never focused on influencing budget owners in the corporate services area to strategically source their categories.
Una
OCTOBER 9, 2023
How to Implement a Strategic Sourcing Process A play-by-play manual showing how to implement a strategic sourcing process that aligns with your organization’s goals, optimizes spend, and creates long-term value. At its core, strategic sourcing formalizes the process of finding, assessing, and choosing suppliers.
World of Procurement blog
MAY 8, 2024
Value-add : Procurement aims to add value by optimizing processes, consolidating spend, and building supplier relationships. Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. Buy fair trade, organic, and locally sourced goods whenever possible.
TYA Suite
NOVEMBER 25, 2024
What is strategic sourcing and how does it work? Strategic sourcing is a method used by businesses to buy goods and services in a way that focuses on long-term value, not just short-term savings. Strategic is about building strong, lasting relationships with suppliers that deliver the best overall value.
Una
NOVEMBER 29, 2023
This can include implementing a formal Supplier Relationship Management (SRM) program, sharing your strategy with key suppliers, collaborating on cost-saving initiatives, and ensuring a reliable and efficient supply chain. This may involve seeking out new suppliers, optimizing supplier portfolios, and conducting competitive bids.
Expert insights. Personalized for you.
52 
Let's personalize your content