ivalua

DECEMBER 7, 2022

Bol.com was in search of a solution to digitalize its indirect S2C cycle to support its business colleagues with efficient and robust sourcing and contract management processes. The post <strong>Bol.com Selects Ivalua to Digitalize Strategic Source-to-Contract</strong> appeared first on Ivalua.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Contract Sourcing 130

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

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. Can you spot the mistakes! She’s added in category analysis twice and then she added a RFQ before a PQQ which means the flow isn’t quite right.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Spend Matters

FEBRUARY 13, 2025

Utzs Procurement team had never focused on influencing budget owners in the corporate services area to strategically source their categories. The team launched many new sourcing opportunities and engaged with stakeholders in different ways resulting in other positive impacts for the company.

Influencing 103

Influencing Procurement supply chain budgeting Strategic sourcing 103

Procurement Tactics

MARCH 16, 2023

Category Management Category management sorts your spending into areas with the same supplier markets. Strategic Sourcing Strategic sourcing assesses the patterns of business spending in order to find and choose the best suppliers that align with your business goals and objectives.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

IBM Supply Chain Blog

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

CPO Rising

SEPTEMBER 20, 2024

Ardent Partners believes that there are “four pillars” that should serve as the foundation for any strategic sourcing program.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Chief Procurement Officer Sourcing 52

CPO Rising

SEPTEMBER 9, 2024

We are happy to announce the official launch of Ardent Partners’ 2024 Strategic Sourcing Technology Advisor report.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Chief Procurement Officer Sourcing 52

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.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Jaggaer

JULY 10, 2024

Contract management: After supplier selection, all contract terms can be included in a robust legal framework and monitored through contract management. Learn more about strategic sourcing: empowering decision-making across disciplines in our on-demand Video: Watch now Find out more at www.carbmee.com

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Bidding 52

Jaggaer

FEBRUARY 20, 2025

But before this can happen someone has to identify suitable vendors to secure goods and services at the best value (not necessarily the lowest price) within a variety of constraints (risk management, ESG and regulatory factors etc.). Strategic sourcing: The word strategic is added for good reason.

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

Procurement Tactics

SEPTEMBER 8, 2022

Additionally, it should not be confused with strategic sourcing which is more focused on the long-term approach. Strategic sourcing promotes the timely supply of goods or services that are needed to meet the objectives of an organization. .

Procurement 226

Procurement Purchase orders Purchasing Strategic sourcing 226

ivalua

JULY 4, 2021

The project, which was delivered in partnership with Efficio, the leading strategic procurement and supply chain consultancy firm, was focused on STG’s strategic sourcing process as the first stage of a longer term digital transformation. STG is a world leading manufacturer of cigars and traditional pipe tobacco with approx.

Supply Chain Efficiency 130

Supply Chain Efficiency Procurement Strategic sourcing Strategic sourcing 130

ivalua

SEPTEMBER 20, 2021

Rapid Optimization of Contract Management, Supplier Management and Direct Materials Sourcing. Asian Paints conceptualized a technology solution using Ivalua’s Supplier Information Management , Sourcing and Contract Management solutions to streamline the end-to-end contract management and sourcing processes. .

Contract 130

Contract Collaboration Sourcing Contract management 130

Skill Dynamics

FEBRUARY 4, 2025

Strategic Sourcing and Supplier Relationship Management Strategic sourcing skills are crucial for procurement professionals to effectively identify and then leverage opportunities within the supply base to create value. Strategic sourcing can also help reduce the overall risk in a given supply chain.

Procurement 59

Procurement Supply Chain Efficiency Supply Chain Optimization supply chain budgeting 59

World of Procurement blog

MAY 8, 2024

Key technologies changing the game in procurement include: E-Procurement Systems E-procurement software provides a centralized platform to manage the entire procurement process online. Key procurement roles include: Procurement Manager - Leads team to develop strategies and manage processes.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Tactics

JUNE 28, 2023

Contract Management Contract Management is tracking the contractual lifecycle, including contract creation, renewal, and termination dates. Compliance with the agreed terms and conditions of a contract, as well as respect for the obligations arising from it, shall also be monitored.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

ivalua

FEBRUARY 25, 2021

A purpose-built solution can enforce proper governance and standards, automate master data optimization activities, identify product standardization opportunities, and automate category management for strategic sourcing in supply chain. Demand planning capabilities.

supply chain budgeting 221

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

Procurement Insights

MARCH 16, 2025

If a procurement professional asks about contract risks , the AI retrieves and analyzes previous contract violations, terms, and compliance requirements. Improved Outcome: Proactive contract management , ensuring compliance and preventing costly penalties.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

IBM Supply Chain Blog

FEBRUARY 28, 2024

Sourcing is getting smarter. To start, many organizations have already pivoted from a tactical to a strategic sourcing mindset—which can make all the difference when it comes to gaining and retaining a competitive advantage. But now, the benefits of strategic sourcing are becoming even more attainable thanks to innovation.

Sourcing 94

Sourcing Strategy Supply Chain Efficiency e2e 94

Spend Matters

MAY 29, 2024

Next, Clinton Hazziez, System VP, Supply Chain Operations and Strategic Sourcing of Baylor Scott & White Health, the largest non-profit healthcare organization in Texas, spoke about his organization’s digital transformation journey. In the future, they may also consider more advanced/growing areas such as risk management.

supply chain software solutions 117

supply chain software solutions Procurement Supply Chain Optimization Contract 117

ivalua

DECEMBER 21, 2021

Together with its strategic partner Optis Consulting, Ivalua’s solution has digitally enabled FCL’s policies and processes for core procurement activities, including sourcing and contract management. About Federated Co-operatives Limited and the Co-operative Retailing System.

Contract 130

Contract Sourcing Suppliers Data 130

CPO Rising

MARCH 10, 2023

The Best-in-Class contract management approach is multi-tiered, relying on an interconnected series of capabilities that ultimately drive visibility and insights and are founded on repeatable principles via the standardization, automation, and linkage of key processes (e.g.,

Contract 52

Contract Contract management Strategic sourcing Strategic sourcing 52

Procurement Insights

JANUARY 3, 2025

20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. Analytics and insights from procurement data were minimal.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

Procurement Insights

MARCH 23, 2025

Savings Potential: 5-10% via automation and strategic sourcing. Strategic Sourcing : Conducting thorough spend analyses and strategic sourcing initiatives can uncover additional savings opportunities. billion), reflecting equipment maintenance needs (e.g., mixers, packaging lines).

Supplier consolidation 52

Supplier consolidation Supply Chain Optimization Logistics Strategic sourcing 52

Skill Dynamics

FEBRUARY 13, 2025

Lets take a look at some of the key areas you should look at: Strategic Sourcing and Supplier Management : Theres been a clear shift away from traditional procurement methods and towards more strategic sourcing.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 52

Procurement Templates

JUNE 18, 2023

Strategic sourcing: Adopting strategic sourcing practices enables procurement to analyze the entire supply chain and identify cost drivers. Contract management: Effective contract management is vital to monitor and enforce agreed-upon pricing and terms.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Procurement Heads

JANUARY 4, 2023

Even at that point blue chip corporations recognised the value of procurement and understood that when you’ve got substantial third-party spend, it’s important to use strategic sourcing approaches. As a Buyer at British Airways, I bought a range of different categories from engineering spares to airport services.

Supply Chain Efficiency 246

Supply Chain Efficiency Agile and Lean Supply Chain Sustainability Suppliers 246

Una

MAY 8, 2024

In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Lisa Haitz. Lisa has over 20 years of experience in finance, legal, commercial operations, sourcing, and procurement.

Procurement 64

Procurement Strategic sourcing Strategic sourcing Contract management 64

ivalua

AUGUST 17, 2021

However, it is important to understand the differences and varying degrees of focus between direct and indirect spend in procurement and sourcing. They will need to understand internal and external forces and increasingly get to grips with balancing cost savings with long term supplier relationships.

Procurement 130

Procurement Procurement team Sourcing Supplier relationship management 130

Jaggaer

OCTOBER 24, 2024

In the absence of communication, even the best suppliers can only deliver marginal value at best. For optimal effectiveness, supplier selection, contract management , and supplier development must be supported by consistent, streamlined, and transparent collaboration.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

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. Another viable option?

Management 98

Management Buyers Procurement team Contract 98

Bonfire

APRIL 3, 2023

Contract management frustration: ERP systems might have basic contract management capabilities, but they can’t handle the whole contract lifecycle, from creation to execution and renewal. Procurement software offers a one-stop solution that covers the whole range of contract management challenges.

Eprocurement 52

Eprocurement Bidding Strategic sourcing Strategic sourcing 52

World of Procurement blog

APRIL 23, 2024

Strategic Sourcing : Identifying and developing key suppliers and products to optimize spend. Risk Management : Assessing and mitigating risks associated with suppliers and agreements. Supplier Relationship Management : Building and maintaining positive relationships with suppliers.

Ethics 52

Ethics Procurement Supplier relationship management Market knowledge 52

World of Procurement blog

APRIL 23, 2024

Strategic Sourcing : Identifying and developing key suppliers and products to optimize spend. Risk Management : Assessing and mitigating risks associated with suppliers and agreements. Supplier Relationship Management : Building and maintaining positive relationships with suppliers.

Ethics 52

Ethics Procurement Supplier relationship management Market knowledge 52

SCMDOJO

DECEMBER 14, 2023

READ MORE ON: “STRATEGIC SOURCING VS. PURCHASING – 7 KEY DIFFERENCES” at our website SCMDOJO! The Inner Workings of a Sourcing Agency: 1. Client Consultation: Understanding Needs The journey begins with a detailed consultation between the sourcing agency and the client.

Sourcing 104

Sourcing Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 104

ivalua

DECEMBER 18, 2019

The second, authored by Andrew Bartels and published on December 18, is The Forrester Wave™: Source-To-Contract Suites, Q4 2019. It covers spend analysis, sourcing, contract management and supplier risk and performance management (SRPM), similar in scope to Gartner’s Strategic Sourcing Application Suites Magic Quadrant.

Eprocurement 147

Eprocurement Sourcing Contract Suppliers 147