This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Import Strategic sourcing Supply Chain Optimization 
SCMDOJO
JANUARY 9, 2025
Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Strategic Sourcing: The Foundation of Effective Procurement Strategic sourcing is far more than simply choosing suppliers. Click here!
Procurement Tactics
OCTOBER 13, 2022
Strategic Sourcing Manager — The Ultimate Guide. A strategic sourcing manager is a key person in ensuring that the strategic process is effective and efficient. In this article, we will discuss what a strategic sourcing manager is. Strategic Sourcing Explained.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
How to Modernize Manufacturing Without Losing Control
A Roadmap For Modernization: How To Break Free From Your Monolith Before July 31, 2026
Procurement Templates
NOVEMBER 21, 2024
Mastering these skills not only optimizes procurement processes but also positions managers as strategic business partners. SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g., SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g., SAP, Oracle) Procurement software (e.g.,
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. Which Suppliers Are Truly Strategic? Strategic sourcing makes sense for suppliers that are of strategic importance to your organization.
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?
SCMDOJO
DECEMBER 29, 2024
In the vast sea of supply chain information, which SCMDOJO supply chain article truly stands out? Dive into our curated list of the top 12 blogs from 2024 that will elevate your supply chain knowledge and give you a competitive edge. Read In Detail About Procurement Department Here 2.
Supply Chain Game Changer
AUGUST 24, 2021
Subscribe to Supply Chain Game Changer. Stand Out Digital Supply Chain Strategies! Technologies to optimize Supply Chain article and permission to publish here provided by Arra at No-BS Marketplace. Latest Technologies Available To Help Different Supply Chain Models. Subscribe Here!
ivalua
JUNE 29, 2020
We believe that a key pillar of this transformation is the supply chain. With such growth comes supply chain complexity. Shift towards self-contracting and self-distribution: With health systems gaining significant scale and wanting more control over their supply chain, this shift is accelerating.
ivalua
JUNE 26, 2023
Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change.
Una
NOVEMBER 1, 2022
Benefits of Strategic Sourcing and Best Practices. In doing so, procurement professionals are ascending the corporate stairs to have a more visible seat in their business’s strategic sourcing. Strategic sourcing best practices. Here are four best practices for strategic sourcing: 1.
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. Stakeholder Engagement : It’s important to involve relevant stakeholders in the assessment process to ensure that their needs and preferences are considered. Can you spot the mistakes!
Skill Dynamics
FEBRUARY 13, 2025
Supply chain and procurement have undergone a seismic change in recent years. Increased globalization, constant digital transformation, and ever-evolving consumer demands have led to a situation where traditional supply chain skills are simply no longer enough for success.
IBM Supply Chain Blog
FEBRUARY 13, 2024
In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals.
Supply Chain Game Changer
MARCH 14, 2022
Subscribe to Supply Chain Game Changer. Supply Chain Education and Certification – What’s Missing? If you’re looking to start or improve your career in the field of supply chain management courses, you might be wondering where to start. Supply Chain Management Courses.
Procurement Tactics
MARCH 16, 2023
In this article, we will discuss what strategic procurement is. We will tell you about the activities that comprise strategic procurement. Additionally, we will talk about the importance and how you can implement strategic procurement. Activities Compromising Strategic Procurement 1. Why is it important?
238 
Skill Dynamics
FEBRUARY 4, 2025
Were going to examine what skills are necessary for procurement leaders, why theyre important, and how you can effectively train to lead your team in a highly complex and still-growing field. Highly trained professionals should be able to analyze the entire supply chain to unearth ways to save costs and even add value in places.
59 
Procurement Tactics
AUGUST 25, 2022
In 2022, he was awarded the Special Mentioned Individual Award by Supply Chain Asia for his contribution to the national emergency procurement for the Covid-19 operation. Furthermore, He was voted by Supply Chain Digital as one of the top 10 procurement executives worldwide. Trillion budget. . He began his career at A.T.
231 
Procurement Templates
DECEMBER 11, 2024
Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Your team may be the most important asset for your own personal development. Explore alternative sourcing models , such as consortium buying or global sourcing hubs.
130 
Arkestro
DECEMBER 26, 2024
As the procurement industry and supply chains become more tech-driven and complex, one fact is clear: companies that embrace industry trends will be best positioned to thrive in the challenging procurement landscape of 2025 and beyond. Here are five key trends that will shape procurement and supply chain management in the coming year.
Jaggaer
FEBRUARY 28, 2025
However, the top three procurement challenges featured in the Hackett Group report demand immediate attention: slashing spending costs, securing supply chain resilience, and modernizing outdated operating models. Solutions: Strategic Sourcing: Move beyond transactional purchasing and embrace strategic sourcing.
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.
Jaggaer
FEBRUARY 20, 2025
Strategic sourcing becomes part of the process and ensures that the best vendors are selected, and that favorable deals are negotiated with them. This sequence of tasks is sometimes referred to as source to contract, and they form the upstream elements in S2P. Strategic sourcing: The word strategic is added for good reason.
52 
Let's Talk Supply Chain
MARCH 2, 2025
In this fast-paced economic landscape, the importance of strategic supplier relationship management cannot be overstated. Let’s set sail on a journey towards efficient and effective supply chain management.
Procurement Insights
APRIL 28, 2025
Leadership Table for ProcureTech Solution Providers * NOTE* I selected the Finance Industry sector for the Key Focus column in this post, but I will build a matrix for the previously identified Top 5 Procurement and Supply Chain Concerns For These Five Industries (According To Who!?). Who Are You? After all, success begins at the top.
52 
Procurement Templates
JUNE 18, 2023
Tim Cook has been instrumental in overseeing the company’s global supply chain and procurement operations. His expertise in managing complex supply networks has played a crucial role in Apple’s success. Attend workshops, seminars, and conferences related to procurement and supply chain management.
147 
Una
AUGUST 31, 2023
Overcoming Challenges with Strategic Sourcing for SMEs Explore how strategic sourcing for SMEs can help procurement professionals overcome the unique challenges of operating a small business. Supplier diversity Maintaining a diverse supplier base is important in terms of risk mitigation and ESG.
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.
Empowering CPO
FEBRUARY 11, 2024
Introduction In the ever-evolving landscape of procurement, organizations are turning to strategic sourcing services to navigate the complexities and achieve sustainable success. At EmpoweringCPO, we understand the pivotal role it plays in optimizing the supply chain, reducing costs, and fostering long-term competitiveness.
Skill Dynamics
JANUARY 14, 2025
Considering its importance, it makes sense that modern procurement teams have a structured approach to developing essential skills and capabilities. They can improve performance, lead to stronger strategic alignment, and enhance the career development opportunities for your procurement staff.
59 
SCMDOJO
AUGUST 21, 2023
Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. Discover the Top 10 TikTokers reshaping how you view supply chains.
Procurement Insights
MARCH 16, 2025
Contextualized Spend Analysis & Cost Optimization AI models use MCP to remember previous spend categories, budget constraints, and organizational purchasing behavior. Improved Outcome: More adaptive procurement strategies , helping organizations respond to supply chain disruptions.
Jaggaer
OCTOBER 24, 2024
Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain.
World of Procurement blog
MAY 8, 2024
Value-add : Procurement aims to add value by optimizing processes, consolidating spend, and building supplier relationships. Procurement is strategically important because it: Drives significant cost savings through economies of scale, supplier negotiations, and process efficiencies. Purchasing's value-add is more limited.
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.
Procurement Tactics
JUNE 28, 2023
In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution.
Empowering CPO
JUNE 30, 2023
Introduction In the dynamic world of business, the ability to effectively manage and optimize supply chains has emerged as a critical success factor. As the name suggests, Managed Procurement Services involves the strategic outsourcing of procurement processes to expert providers. But what exactly does it entail?
Jaggaer
OCTOBER 24, 2024
The primary goals of SRM are to foster hand-in-glove supplier relationships, manage risk, and optimize the value chain. Supplier Collaboration for Agility Your world is characterized by dynamic market conditions, shifting customer demands, new technologies, rapidly changing regulations, and frequent supply chain disruptions.
Empowering CPO
JUNE 22, 2023
Introduction Welcome to our complete guide on the role of spend analysis in strategic sourcing. In the ever-evolving world of business, strategic sourcing has become a linchpin in corporate success. But how do we fuel the engine of strategic sourcing? Spend analysis is the catalyst for strategic sourcing.
ivalua
MAY 1, 2020
The total costs, in terms of human lives, disrupted supply chains, ruined businesses and GDP impact, are still just projections in the array of charts presented daily by statisticians and data modelers. There are, however, already some clear lessons to be learned by Procurement and Supply Chain leaders.
Spend Matters
MAY 29, 2024
He emphasized the importance of a unified S2P platform and how genAI can improve regular processes without sacrificing security. Hazziez illuminated how the healthcare industry optimizes its supply chain. Khuat-Duy also noted that Ivalua was profitable in 2023. in a saturated market. in a saturated market.
Procurement Templates
JUNE 18, 2023
Strategic sourcing: Adopting strategic sourcing practices enables procurement to analyze the entire supply chain and identify cost drivers. By understanding the components and processes that contribute to the final product’s cost, procurement can explore opportunities to optimize and reduce expenses.
130 
Procurement Tactics
AUGUST 23, 2022
We will also discuss its importance and the stages of the contract management process. The contract management process does not get enough attention as much as supply chain management and process automation. Additionally, it plays a huge role in the relationship of the organization with everyone in its supply chain and market.
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. Hire the Expert Now or Start a Chat!
104 
The Good Spending
JANUARY 4, 2023
Its two dimensions suggest the flat Earth approach with insufficient room to cater to the complexities of modern category management and strategic sourcing situations. The Strategic Sourcing Matrix Let’s start with the classical view, which is the adapted Strategic Sourcing matrix.
Expert insights. Personalized for you.
We have resent the email to
Are you sure you want to cancel your subscriptions?
Let's personalize your content