Remove e2e Remove Strategic sourcing Remove Suppliers
article thumbnail

Mastering Strategic Sourcing: Efficiency and Cost Savings in Procurement

Jaggaer

What Is Strategic Sourcing? A Complete Guide Strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. Which Suppliers Are Truly Strategic? So which suppliers are truly strategic? And in what sense?

article thumbnail

Strategic Sourcing Success – Techniques Deployed by Leaders in S2P

Jaggaer

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?

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Expanding the influence and impact of Procurement

Spend Matters

This meant that implementing one of the full end-to-end spend management suites was not feasible from a cost and change management perspective. That system could tell you, for example, that the company had spent $XX million with a supplier on a particular ingredient or package. The Legal Department was a key champion as well.

article thumbnail

Supplier Collaboration: Fundamental to Elevating Manufacturing Performance

Jaggaer

Supplier Collaboration: Fundamental to Elevating Manufacturing Performance Supplier relationships are at the heart of manufacturing performance. That’s why supplier collaboration—that consistent, trusted, and responsive interaction between supplier and manufacturer—is pivotal to manufacturing success.

article thumbnail

What is Source to Pay? Steps, Benefits, and Best Practices

Jaggaer

What is Source to Pay (S2P)? Everything You Need to Know End-to-end process and end-to-end solution may be one of the most overworked phrases in business and IT. Yet in the case of source to pay, it is wholly justified. Strategic sourcing: The word strategic is added for good reason.

article thumbnail

4 strategic sourcing use cases to strengthen your supply chain

IBM Supply Chain Blog

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.

article thumbnail

Here is an example of a potentially great and unexpected procurement solution suite!

Procurement Insights

AdaptOne Overview: A supplier management platform focused on diversity, risk, and compliance, often integrated with S2P suites like Coupa or SAP Ariba. Unique Benefits: Supplier Diversity and ESG: Tracks and promotes diverse suppliers (e.g., Unique Benefits: Supplier Diversity and ESG: Tracks and promotes diverse suppliers (e.g.,