Jaggaer

FEBRUARY 5, 2025

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. It is called strategic because it replaces traditional ad hoc approaches to sourcing, which were almost entirely focused on cost savings, item by item.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Efficiency Sourcing 52

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

ivalua

JANUARY 8, 2023

The act was established to address issues of sustainability and ethical conduct in global supply chains, and has significant implications for companies and procurement organizations operating in Germany. The Act also presents an opportunity for procurement organizations to demonstrate their commitment to sustainability and ethical conduct.

supply chain software solutions 244

supply chain software solutions Supply Chain Efficiency Supply chain Procurement 244

Spend Matters

NOVEMBER 7, 2024

This experience underscored the broader market gap for a solution capable of consolidating data from reliable sources, creating a risk profile for each third party and generating an intrinsic risk score that evolves into a manageable residual risk score once mitigation controls are applied.

Supply Chain Efficiency 107

Supply Chain Efficiency Risk management Real-time Visibility Ethics 107

SCMR (Supply Chain Management Review)

MARCH 1, 2024

Procurement processes must now consider ethical sourcing as a key element, and one that can significantly harm the organization if not followed.

Ethics 89

Ethics Procurement Sourcing 89

IBM Supply Chain Blog

APRIL 22, 2024

. “AI is an unbelievable opportunity to address some of the world’s most pressing challenges in health care, manufacturing, climate change and more,” said Christina Shim, IBM’s global head of Sustainability Software and an AI Ethics Board member. In our 2023 Impact Report , we reported that 70.6%

Ethics 88

Ethics Sustainability Data Suppliers 88

Procurement Tactics

NOVEMBER 21, 2022

Corporate social responsibility (CSR) is the continuing commitment by businesses to behave ethically and contribute to the development of the economy all while enhancing the quality of life of its workforce and their families as well as the surrounding community. . Starbucks’ commitment to ethical sourcing. But what is it? .

Ethics 209

Ethics Sustainability Import Supply Chain Efficiency 209

Procurement Tactics

NOVEMBER 23, 2022

Corporate social responsibility (CSR) is the commitment of businesses to behave ethically and contribute to the development of the economy all while improving the quality of life of their workforce and their surrounding community. . Thus, procurement can help drive that culture and promote participation by sourcing for the right partner.

Procurement 206

Procurement Ethics Sustainability Supply Chain Efficiency 206

ivalua

NOVEMBER 29, 2021

How to incorporate ESG data into sourcing, procurement, and supplier management decisions. From a sourcing prospective, what are some of the challenges that can derail an ESG program? For a sourcing professional who may be primarily evaluated by savings and avoidance, ESG can be seen as cumbersome or a competing workstream.

Sourcing 130

Sourcing Sustainability Suppliers Data 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. 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

Let's Talk Supply Chain

MARCH 2, 2025

Additionally, the Institute for Supply Management ‍(ISM) news highlighted the growing focus on sustainability and ethical sourcing within supply chains. companies are increasingly prioritizing environmentally friendly practices and ensuring that their suppliers adhere to ethical standards.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Supply management Supply chain 52

Let's Talk Supply Chain

FEBRUARY 20, 2025

By diversifying sourcing options and fostering strong relationships with global partners, the company has been able to adapt to changes in the trade landscape swiftly and effectively. One key aspect of GM’s tariff mitigation strategy has been the implementation of innovative supply chain solutions.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Supply chain resilience Supply Chain Efficiency Supply Chain Optimization 98

Let's Talk Supply Chain

FEBRUARY 24, 2025

Enhanced Sustainability: Sustainability will take center stage, with a focus on reducing carbon footprints, promoting ethical sourcing, and fostering environmentally-friendly practices‍ throughout the supply chain.

Supply Chain Efficiency 52

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

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

Spend Matters

NOVEMBER 2, 2022

Categories: E-Sourcing , Procurement Systems & Architecture , Sourcing , Strategic Sourcing Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Globality and its services sourcing solution. B2B vendors that use a B2C model are learning to create a fair, ethical model for sourcing services.

Sourcing 98

Sourcing Strategic sourcing Strategic sourcing Ethics 98

IBM Supply Chain Blog

FEBRUARY 22, 2024

The rise of foundation models that power the growth of generative AI and other AI use cases offers exciting possibilities—yet it also raises new questions and concerns about their ethical design, development, deployment, and use. Known risks from prior or earlier forms of AI systems.

Ethics 60

Ethics Risk Strategy Import 60

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

Let's Talk Supply Chain

FEBRUARY 26, 2025

This dynamic partnership signifies a new era in healthcare, where ethical sourcing and cutting-edge manufacturing techniques converge to create a more environmentally amiable and socially responsible solution for patients in need of tantalum implants.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Sustainability Supply chain 52

SCMDOJO

FEBRUARY 21, 2025

Increased costs due to emergency sourcing. A well-defined procurement strategy doesnt just mitigate risksit adds significant value to your organization : Cost Savings: Strategic sourcing and supplier negotiations reduce procurement costs. Regulatory Compliance: Ensures adherence to industry laws, ESG policies, and ethical sourcing.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 59

TYA Suite

DECEMBER 16, 2024

Ethical and sustainable sourcing is no longer just a trend; its a commitment to doing business responsibly. For eco-friendly businesses, sourcing products and materials ethically means prioritizing fair labor practices, minimizing environmental damage, and supporting sustainable suppliers.

Ethics 40

Ethics Sustainability Sourcing Supply Chain Efficiency 40

Spend Matters

NOVEMBER 19, 2024

Overall, customers want tech that integrates diverse data sources, speeds up risk analysis and offers clear guidance on potential mitigation steps. Beyond timely delivery, companies need to consider ethical and long-term sustainability issues. Supply chain risk is also more complex now.

Risk management 107

Risk management Risk Management Real-time Visibility 107

Let's Talk Supply Chain

FEBRUARY 20, 2025

this strategic collaboration enables Mattel to: Access Alternate Sourcing: By working with partners in diverse locations, Mattel ensures a continuous supply of materials and components, reducing dependence on any single source.

Agile and Lean Supply Chain 52

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

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 63

Supply Chain Efficiency Procurement Chief Procurement Officer Stakeholder engagement 63

Skill Dynamics

DECEMBER 4, 2024

Ethical Sourcing Working with a supplier can be a shot in the dark, but not if you ask them to be upfront with you surrounding the ethics of their supply chain sourcing. Do they have a specific ethical sourcing policy in place? Are they actively preventing child or forced labor within their supply chain?

Sustainability 52

Sustainability Suppliers Supply Chain Efficiency Ethics 52

ivalua

AUGUST 21, 2022

Originally published in the 2022 ProcureCon Report “Transforming Procurement: Embracing Digital Innovation and Driving Sustainability” Ethical business practices and sustainability initiatives are forcing organizations to not only stand up, but to also set themselves apart from the competition by implementing ESG and CSR commitments.

Procurement strategies 240

Procurement strategies Sustainability Strategy e2e 240

Jaggaer

NOVEMBER 14, 2024

Forward-thinking organizations have transformed the department into an untapped gold mine that creates value for the entire end-to-end manufacturing process—from design and sourcing to production and delivery. An advanced source-to-pay platform is crucial for unleashing procurement’s potential and optimizing supply chain performance.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Chief Procurement Officer Supply Chain Optimization 52

Procurement Tactics

APRIL 6, 2023

From sustainable sourcing , production, storage, and delivery, it monitors if these processes may cause harm to the environment and society. Furthermore, A sustainable supply chain is one that fully adopts ethical and environmentally responsible practices into a competitive and successful model. What are your key products and services?

Supply chain analysis 226

Supply chain analysis Sustainability Supply Chain Efficiency Supply Chain Optimization 226

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. Teams that look after sourcing both for our technology and our business services.

Supply Chain Efficiency 246

Supply Chain Efficiency Agile and Lean Supply Chain Sustainability Suppliers 246

IBM Supply Chain Blog

SEPTEMBER 27, 2023

There are two types of these generative AI models: proprietary large language models and open source large language models. On the other hand, open source LLMs are free and available for anyone to access, use for any purpose, modify and distribute. What are the benefits of open source LLMs?

Sourcing 91

Sourcing Risk Data Ethics 91

Procurement Tactics

MAY 4, 2023

These goals may include the reduction of carbon emissions, sourcing sustainable products, engaging with sustainable suppliers, and reduction of waste. This may include evaluating the supplier’s sustainability policies, adherence to labor standards, ethical business practices, and how they create their products.

Procurement team 216

Procurement team Sustainability Procurement Negotiation 216

Skill Dynamics

FEBRUARY 13, 2025

Upskilling in more strategic skills , such as risk management or sustainable sourcing, will lead to improved efficiency and innovation within your supply chain, while also providing your staff with career advancement opportunities increasing the likelihood of employee retention. What Is an End-to-End Supply Chain?

Supply Chain Optimization 52

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

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. And from that group, 71% would pay a premium for it.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

Skill Dynamics

JANUARY 9, 2025

Capability 5: Sustainability and Ethical Sourcing Sustainability has, most recently, become one of the most impactful changes in modern supply chain capabilities. Ethical sourcing is one method to embed sustainability into your supply chain capabilities from the beginning.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Supply chain 52

SCMR (Supply Chain Management Review)

MARCH 26, 2024

Adhering to ethical and responsible sourcing requirements and public pressure surrounding forced labor is putting new pressures on supply chains. Covington’s Tom Plotkin addresses these questions and more in this 6 Questions With … feature.

Ethics 97

Ethics Supply chain Sourcing Supply 97

Jaggaer

JANUARY 15, 2025

Sustainability Goals Global ESG standards are prompting Indian companies to focus on ethical sourcing, supplier transparency, and reduced carbon footprints.

Supply Chain Efficiency 52

Supply Chain Efficiency Agile and Lean Supply Chain Procurement Ethics 52

Procurement Tactics

MAY 2, 2023

Environmental benefits Reduction in Energy Consumption Reduction of waste Reduce carbon emissions Improve resource efficiency Limits the negative impacts of purchasing from non-certified sources Restoration of biodiversity Protection of wildlife 2. Why are the specifications important?

Sustainability 204

Sustainability Procurement strategies Negotiation Ethics 204

Supply Chain Brain

MAY 10, 2022

Concerns about ethical and environmentally conscious sourcing are top of mind today for companies sourcing internationally.

Import 98

Import Ethics Sourcing 98