Supply Chain Opz

JANUARY 19, 2015

Strategic Sourcing has been used by companies of all sizes for years. In many companies, purchasing thus underwent a significant shift from being rather transactional and tactical, to a more strategic function, able to influence company growth. This commentary highlights some of the key principles to strategic sourcing.

Strategic sourcing 56

Strategic sourcing Strategic sourcing Sourcing Product development 56

Jaggaer

JULY 4, 2024

Christian Heinrich, Co-Founder and Managing Director, c arbmee The 80% Challenge I was recently delighted to participate in a JAGGAER live webinar focused on the introduction, in recent years, of carbon emissions measurement as a factor in strategic sourcing. The objective of net zero carbon footprint is now familiar.

Strategic sourcing 59

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 59

Procurement Templates

DECEMBER 11, 2024

Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Here are some typical procurement objectives that every procurement professional should consider. Savings can be cashable or non cashable i.e. cost avoidance.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

SCMDOJO

DECEMBER 29, 2024

However, it covers key differences between purchasing and procurement, explores common contract types, and emphasizes the importance of strategic sourcing, supplier relationships, and risk management. Moreover, it highlights the field’s evolving nature and emphasizes the influence of digital transformation, Industry 4.0,

Supply Chain Efficiency 95

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 95

Procurement Leaders

JUNE 20, 2023

Others aim for a steady state approach, gradually embarking on new categories as the function’s influence expands. As such, we tend to see the maturity of categories evolve as the business gradually realises the value of strategic sourcing. These areas of spend have historically resisted procurement influence.

Procurement team 147

Procurement team Procurement Influencing Buyers 147

Empowering CPO

DECEMBER 14, 2020

To answer this question, it is much simpler first to list down the reasons as to when a specific category should be taken up for Strategic Sourcing. This helps a procurement organization to list down its plan for the New Year and identify categories that should be taken up for sourcing. Once every year is the right frequency.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 52

SCMDOJO

MARCH 24, 2025

The metric results in either a favorable or unfavorable variance, influenced by internal or external factors. Purchase Price Variance (PPV) can be tracked monthly, quarterly, biannually, or annually for a specific item or the overall spending over a given period.

Price 69

Price Purchasing supply chain budgeting Raw materials 69

Procurement Insights

MARCH 16, 2025

While they are distinct concepts, they complement each other in AI-driven procurement, strategic sourcing, and market intelligence. ABM helps simulate real-world procurement interactions , leading to better strategic sourcing, risk mitigation, and negotiation tactics. In summary, while Jon W.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 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

Skill Dynamics

JANUARY 14, 2025

They can improve performance, lead to stronger strategic alignment, and enhance the career development opportunities for your procurement staff. A typical procurement competency framework covers several key areas, including but not limited to strategic sourcing, supplier management, risk management, and contract negotiation.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

Procurement Heads

FEBRUARY 16, 2023

For Procurement Heads ‘ latest CPO Spotlight, Sebastien spoke with Rupert Gaster about his career, how CPOs can influence an organisation’s sustainability agenda and what key achievements he’s most proud of. You play this pivotal role, and you have a lot of influence, but you don’t have a lot of power.

Influencing 130

Influencing Sustainability Procurement Supply Chain Efficiency 130

ProcurePort

MAY 26, 2022

• The sourcing function within any organization is part of the broader procurement efforts. The sourcing function ensures that the organization is getting its products from the most suitable suppliers. • An effective sourcing strategy considers […].

Sourcing 130

Sourcing Influencing Supply market Suppliers 130

Supply Chain Game Changer

MARCH 14, 2022

Strategic Sourcing & Vendor Managed Inventory. While there are plenty of great ways to save money on inventory , Strategic Sourcing and Vendor Managed Inventory (VMI) can be a particularly effective approach in managing costs and creating competitive supply chains. Operations Management.

Supply chain management 115

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 115

Procurement Tactics

JUNE 7, 2023

For example, external market forces like supply chain disruptions may influence pricing. Effective Strategic Sourcing Strategic sourcing can have a positive impact on purchase price variance by helping companies to improve their procurement processes and negotiate better prices with suppliers.

Price 130

Price Purchasing Raw materials Negotiation 130

Procurement Templates

JUNE 18, 2023

These courses cover topics such as strategic sourcing, supplier management, contract negotiation, procurement analytics, and risk management. Strategic Sourcing: Strategic sourcing is a key component of procurement leadership.

Leadership 147

Leadership Procurement Agile and Lean Supply Chain Supply Chain Efficiency 147

SCMDOJO

AUGUST 21, 2023

In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. As TikTok and influencers gain prominence, they’re reshaping consumer behavior and marketing. Discover the Top 10 TikTokers reshaping how you view supply chains.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 98

Procurement Insights

MARCH 17, 2025

large enterprises, strategic sourcing). nnamu : Gained prominence through its unique tech and Beroe acquisition, signaling growing influence. Appeals to users valuing transparency and control over negotiation prep. nnamu : Targets mature procurement teams ready for AI-driven automation (e.g.,

Negotiation 52

Negotiation Procurement team Real-time Visibility Cost of ownership 52

Strategic Sourceror

JULY 14, 2022

Those influences, in part, bled into 2022, as spud farmers planted 25,000 fewer acres this year than they did in 2021, according to the Idaho Farm Bureau Federation and Intermountain Farm & Ranch. Brought to you by the StrategicSourceror.

Supply chain 102

Supply chain Supply Strategic sourcing Strategic sourcing 102

Supply Chain Game Changer

NOVEMBER 13, 2018

As companies seek to discover ways to increase overall excellence and competitiveness, a new source of value has emerged – Strategic Sourcing. What is Strategic Sourcing? Strategic Sourcing does exactly the same by addressing the total cost. A Paradigm Shift in the Procurement Function.

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

ivalua

JULY 7, 2020

Overall, Procurement organisations can influence entire ecosystems of suppliers to develop with this balance in mind. Technologies such as strategic sourcing, procure-to-pay or full source-to-pay that are instrumental in managing spend must empower versus limit. Building Resilience.

supply chain software solutions 130

supply chain software solutions Suppliers Procurement Sourcing 130

Procurement Insights

SEPTEMBER 15, 2023

To help you understand the future of the new rules of procurement engagement and take the next steps in your transformation journey, we have engaged with global influencers who are beacons of inspiration, setting new standards for effective strategic sourcing and serving as models for others to follow.

Sourcing 52

Sourcing Strategic sourcing Strategic sourcing Procurement 52

Jaggaer

OCTOBER 24, 2024

However, establishing supply continuity, improving the customer experience, and minimizing risk across multiple supplier tiers can pay untold dividends. Environmental, social, and governance (ESG) goals : Your overall ESG footprint is impacted by suppliers.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

Spend Matters

JUNE 20, 2023

However, as procurement has been increasing its influence and credibility across many departments and risk management initiatives, the scope of its role in cyber security within the extended supplier network is growing. And so it should.

Risk 98

Risk supply chain software solutions Risk management Real-time Visibility 98

ivalua

DECEMBER 8, 2020

To both confirm the right opportunities and then execute against them, procurement must expand that engagement and its influence to other parts of the business. Sprint’s strategic sourcing transformation, presents a great example, in multiple ways. Only effective collaboration will reveal the possibilities.

Procurement 130

Procurement Leadership Innovation Agile and Lean Supply Chain 130

Procurement Insights

APRIL 3, 2025

Partnerships with firms like Deloitte (announced October 2023) enhance its influence and resources. Potential Bias Post-Acquisition: ORO Labs acquisition of ProcureTech in March 2025, which includes ties to ProcureTech 100, could subtly influence DPWs ecosystem. While DPW remains independent, OROs prominence (e.g., Negative Aspects 1.

Innovation 52

Innovation Real-time Visibility Sustainability Collaboration 52

Spend Matters

SEPTEMBER 14, 2023

Strategic sourcing remains critical, especially given our inflationary environment. With an increasing influence on operational and financial performance, tracking and managing ESG goals has become a top priority for companies, too, as they look at ways to incorporate sustainability into all points of the supply chain.

Procurement 114

Procurement Supply Chain Efficiency Category management e2e 114

Procurement Templates

JUNE 18, 2023

They may use various monetary and fiscal policies, such as adjusting interest rates, implementing open market operations, or controlling government spending, to influence inflation levels. Strategic sourcing: Adopting strategic sourcing practices enables procurement to analyze the entire supply chain and identify cost drivers.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Spend Matters

JULY 10, 2024

SxM Matchory is a supplier discovery tool that aims to streamline the strategic sourcing process. It provides a supplier database with over 14 million suppliers and an AI AI-powered search tool to find best-fitting suppliers.

Procurement 114

Procurement Management Contract Sourcing 114

Positive Purchasing

DECEMBER 5, 2024

Traditionally reliant on face-to-face interactions and personal influence, the negotiation process is evolving in the digital age, driven by AI, data analytics, and online platforms. Transforming Negotiations with Procurement Technology In our latest webinar, we explored how procurement technology is revolutionizing negotiations.

Negotiation 52

Negotiation Supplier negotiation Procurement Strategic sourcing 52

SCMDOJO

JANUARY 17, 2024

Their responsibilities include: Negotiating and entering into contracts with suppliers Zeroing in on the material and capacity requirements Creating production schedules Managing purchasing orders Aligning sourcing and inventory requirements with the demand and/or sales plan In this area, materials specialists aren’t the only role available.

Supply chain management 98

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 98

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

Strategic Sourceror

SEPTEMBER 16, 2022

Home prices are influenced by numerous factors, including inventory, geography, demand and the materials that are used during the construction process. Chief among those materials is lumber, and for the better part of two years, lumber prices have see-sawed wildly, fueling frustration among developers as well as would-be homebuyers.

Price 70

Price Inventory Strategic sourcing Strategic sourcing 70

Strategic Sourceror

DECEMBER 16, 2022

While the higher price of borrowing money is largely to blame for the sales decline, the drop in starts has also been influenced by how much more it's costing contractors to build. For the past several years, lumber has been the primary building material experiencing price growth, influenced largely by shortages as well as tariffs.

supply chain budgeting 57

supply chain budgeting Price Influencing Buyers 57

Procurement Rising

APRIL 18, 2021

Ian Maher is the Vice President & Head of Strategic Sourcing at Global Atlantic Financial Group, but he wasn’t always. Thinking about taking a new job in procurement? Thinking about taking a new job in procurement?

Chief Procurement Officer 40

Chief Procurement Officer Strategic sourcing Strategic sourcing Influencing 40

Empowering CPO

MARCH 21, 2024

The complexity of numerous categories, baseline assumptions, and resistance from healthcare providers impedes the realization of projected savings from strategic sourcing efforts. ” Implementing a robust compliance tracking process is essential to realizing projected savings on the ground as envisioned during strategic sourcing.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Optimization Sourcing 52

Empowering CPO

MARCH 17, 2024

The complexity of numerous categories, baseline assumptions, and resistance from healthcare providers impedes the realization of projected savings from strategic sourcing efforts. Typically, this involves four major stages in the savings lifecycle.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Optimization Sourcing 52

Empowering CPO

MARCH 17, 2024

The complexity of numerous categories, baseline assumptions, and resistance from healthcare providers impedes the realization of projected savings from strategic sourcing efforts. Typically, this involves four major stages in the savings lifecycle.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Optimization Sourcing 52