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

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

Procurement Insights

APRIL 2, 2025

Chevrons procurement and supply chain challenges in 2025oil price volatility, geopolitical disruptions, ESG compliance, talent shortages, technology adoption, and logistics bottlenecksrequire tailored solutions from ProcureTech providers. Less focused on cost volatility or logistics but enhances Shared Services hubs.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement solutions Supply Chain Efficiency Procurement 52

Jaggaer

NOVEMBER 14, 2024

Collaborative tools enable the integration of Engineering, R&D, Quality, Logistics, and Procurement from the initial design phases. Strategic Sourcing with Superior Supplier Intelligence Superior supplier intelligence is a major value driver especially at the sourcing stage.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Chief Procurement Officer Supply Chain Optimization 52

Supply Chain Dive

APRIL 29, 2024

Larry Elliott will oversee strategic sourcing, logistics and customer service and continuous improvement at the company.

Strategic sourcing 97

Strategic sourcing Strategic sourcing Supply chain Logistics 97

Procurement Templates

DECEMBER 11, 2024

Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Elevate Stakeholder Management Achieve True Integration: Create cross-functional sourcing teams involving R&D, marketing, and logistics.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

Procurement Insights

MARCH 23, 2025

The analysis covers key indirect spending categories including MRO, office supplies, facilities management, IT services, professional services, utilities, logistics, corporate travel, HR benefits, temporary labor, and outsourcing. Savings Potential: 5-10% via automation and strategic sourcing. ingredients). utilities).

Supplier consolidation 52

Supplier consolidation Supply Chain Optimization Logistics Strategic sourcing 52

Supply Chain Game Changer

MARCH 14, 2022

With four core courses and an MBA-level capstone, the Supply Chain Management program provides students with both foundational knowledge and business acumen necessary to succeed in the logistics and operations industry. Supply Chain Logistics. Here are some highlights from Business School’s supply chain management program.

Supply chain management 115

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

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.

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

SCMDOJO

FEBRUARY 21, 2025

Logistics & Transportation Failures: Port congestion, rising freight costs, and fuel shortages. 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.

Agile and Lean Supply Chain 59

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

Procurement Leaders

JUNE 20, 2023

As such, we tend to see the maturity of categories evolve as the business gradually realises the value of strategic sourcing. Second, commodified indirects, such as IT, travel and logistics. This often occurs in a (relatively) consistent order. Here, the wins are fast and the savings generated are high.

Procurement team 147

Procurement team Procurement Influencing Buyers 147

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.

Strategic sourcing 97

Strategic sourcing Strategic sourcing Agile and Lean Supply Chain Category management 97

Procurement Tactics

AUGUST 25, 2022

Kearney where he spent 10 years in the consulting firm’s strategic IT and operations practice which drives client business transformation and optimization initiatives. He is a member of the advisory board for the world’s premiere global association for sourcing and procurement professionals.

Procurement 231

Procurement Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 231

SCMDOJO

DECEMBER 14, 2023

Comprehensive Services: Offers a broader range of services, including market research, logistics coordination, and risk mitigation. READ MORE ON: “STRATEGIC SOURCING VS. PURCHASING – 7 KEY DIFFERENCES” at our website SCMDOJO! Limited Scope: Offers a more focused and individualized approach to the procurement process.

Sourcing 104

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

ivalua

DECEMBER 21, 2021

“We’d like to thank FCL for their trust and our partners for a rapid deployment of this innovative solution that helps avoid supply disruptions in times of crisis, improve the quality and efficiency of savings from strategic sourcing, but also drives supplier innovation and enhances ESG programs“, said Dan Amzallag, Ivalua’s COO.

Contract 130

Contract Sourcing Suppliers Data 130

ivalua

MARCH 24, 2021

Digitization Benefit #2: Strategic Sourcing Alignment. Manufacturing organizations see the value in digitizing their spend management, but many have done so only for their indirect spend, which can include tooling/Maintenance, Repair, and Operations (MRO), packaging, and logistics. .

Supply Chain Efficiency 130

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 130

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

ProcurePort

JUNE 29, 2022

• Robust and flexible procurement strategy can help you reduce operational and logistical experiences and equally serve as a competitive advantage. Today, supply chain and transportation costs amount to 60% to 70% of total sales, depending on the company and industry. •

Strategy 130

Strategy Sourcing Procurement Procurement strategies 130

Supply Chain Opz

MAY 1, 2018

Are you a beginner and you want to learn about each logistics function? We will show you 5 logistics books that will help you learn faster than any other books. Why is Logistics a Good Career? In the United States, the median wages for a Logistics Manager is around $90,000 annually.

Logistics 40

Logistics Order Fulfillment Supply Chain Optimization Inventory control 40

Strategic Sourceror

SEPTEMBER 22, 2022

From eco-friendly warehouses to logistics entities investing in all-electric trucks to help with carbon emissions reduction, organizations aren't just advocating for sustainable supply chain practices, they're carrying them out by practicing what they support. Brought to you by the StrategicSourceror.

Supply chain 112

Supply chain Raw materials Supply Strategic sourcing 112

Procurement Tactics

JULY 14, 2022

These include strategic planning, supplier collaboration, implementing best practices , strategic sourcing , and negotiation. . Some firms include quality assurance, logistics, shipping, and management of all financial transactions. . It has its own staffing and assists its clients with a variety of tasks.

Procurement 130

Procurement Supply Chain Efficiency Negotiation Strategic planning 130

Supply Chain Collaborator

MAY 23, 2018

Cross-Posted at Talking Logistics. These solutions, when properly implemented , routinely achieve automation levels as high as 80-90% for critical logistics processes like rating, routing, tendering, spot bidding, carrier management, freight audit/settlement and more. What the hell is going on over there in transportation?!”

Supply Chain Efficiency 17

Supply Chain Efficiency supply chain budgeting Freight Audit Logistics 17

Procurement Leaders

JUNE 1, 2022

Five years ago, global logistics company UPS’s procurement function was far from playing a strategic role. To ensure the function had the necessary skills and capacity to deliver on its aims, new teams were also created within the COE that focus on: Strategic sourcing Advanced analytics Capabilities development.

Procurement 130

Procurement Strategic sourcing Strategic sourcing Leadership 130

IBM Supply Chain Blog

JANUARY 31, 2024

It can be considered an alternative outsourcing strategy: while outsourcing to distant countries may offer cheaper labor costs, it’s more difficult and costly to manage logistics. Strategic sourcing methods : ethical, responsible and sustainable sourcing There are many types of sourcing strategies.

Sourcing 91

Sourcing supply chain budgeting Supply Chain Efficiency Agile and Lean Supply Chain 91

SCMDOJO

JANUARY 17, 2024

Instead, you can choose to concentrate on the planning side of the equation, focus on logistics, or specialize in production. They can also be in charge of mapping out logistics for transporting the supply and fulfilling orders. A logistics resource planner coordinates workers and transport fleets to fulfill customers’ orders.

Supply chain management 98

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

Strategic Sourceror

JANUARY 9, 2023

In the days just before Christmas — typically the busiest time of the year for manufacturers, retailers and logistics entities — a polar vortex swept over much of the country, bringing with it freezing temperatures and driving snow. Brought to you by the StrategicSourceror.

Strategic sourcing 104

Strategic sourcing Strategic sourcing Supply chain Procurement 104

Supply Chain Game Changer

AUGUST 24, 2021

They can also be used in monitoring logistical movement and mining equipment. In addition, supply chain analytics can boost inventory optimization and visibility, real-time product intelligence, and strategic sourcing. It’s said that they may help reduce labor costs and boost production time. Robots And Automation.

Supply Chain Optimization 119

Supply Chain Optimization Supply Chain Efficiency Supply chain Real-time Visibility 119

Strategic Sourceror

SEPTEMBER 16, 2022

But for the better part of two years now, the Port of Los Angeles has been the most problematic port, beset by supply chain pinch points and bottlenecks that have beleaguered the business owners and logistics entities that rely on them. Brought to you by the StrategicSourceror.

Supply Chain Efficiency 102

Supply Chain Efficiency Strategic sourcing Strategic sourcing Supply chain 102

Strategic Sourceror

JULY 29, 2022

On the West Coast of the United States, there is a potential strike brewing which could severely damage logistics, especially for goods coming in from Asia. That situation might just get worse before it gets better. Brought to you by the StrategicSourceror.

Supply chain 98

Supply chain Raw materials Supply Strategic sourcing 98

Supply Chain Game Changer

MARCH 26, 2019

For a considerable portion of my career I have worked in the Manufacturing and Logistics/Distribution Industries. In my Manufacturing experience the Procurement function was essentially split between Commodity Management (or Strategic Sourcing) and Tactical Buying. Subscribe to Supply Chain Game Changer. Commodity Management.

Category management 62

Category management Management Strategic sourcing Strategic sourcing 62

Supply Chain Game Changer

APRIL 19, 2022

Over the past 20 years I have been fortunate to have worked in various industries (Automotive, Electronics, Plastics, Oil/Gas, Financial and Communication Equipment) for various world class companies, with a focus on Strategic Sourcing and Procurement. What are some of your greatest achievements in Business?

Leadership 85

Leadership Raw materials supply chain software solutions Strategic sourcing 85

ivalua

JANUARY 31, 2022

How can we mitigate technical, logistical, weather-related, and demand-driven supply chain disruptions? Last year, 62% of enterprises that made an investment in supply management technology over the past two years took the suite-based approach (strategic sourcing suite or full Source-to Settle suites. More on that here.

Procurement 130

Procurement supply chain budgeting Agile and Lean Supply Chain supply chain software solutions 130

ivalua

JANUARY 13, 2016

When incorporated into an efficient strategic sourcing process, collaboration can result in better visibility into total costs and a better negotiation position. It goes beyond type of materials used and includes suggestions related to process, production, logistics, and more. Collaboration around margin enhancement.

Collaboration 100

Collaboration Suppliers Supply Chain Efficiency Supply Chain Visibility 100

Supply Chain Game Changer

JULY 31, 2019

Procurement – the effective purchasing of raw materials, back-office goods and professional services – as well as Logistics – the orchestration of the movement of those goods – might not seem to be as important as sales, marketing, R&D or finance at first blush. what sort of 3 rd party logistics solution will you look to leverage?),

Supply Chain Efficiency 72

Supply Chain Efficiency Supply chain Supply chain management Supply chain management 72

SCMDOJO

AUGUST 21, 2023

Impact on Supply Chain: The realm of Supply Chain has witnessed a profound impact courtesy of Professor Rodriguez, a distinguished Supply Chain Management instructor and seasoned logistics professional. > Watch Now: Top Supply Chain Job Search Boards > Watch Now: Industry Terms You Need to Know 4) Dr. . >

Supply Chain Optimization 98

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

Strategic Sourceror

JULY 23, 2022

The current high cost of filling a car with fuel has generated headlines all over the world, and the knock-on effect to the commercial shipping and logistics industry has arguably highlighted the need for cheaper and more environmentally friendly vehicles. Brought to you by the StrategicSourceror.

Supply chain 98

Supply chain Supply Purchasing Strategic sourcing 98

Strategic Sourceror

JUNE 30, 2022

A study done of best in class logistics providers by the Government of Canada found that the positives of a greener supply chain can be felt company wide. Outside of the obvious benefit of reducing emissions to help slow rampant climate change, there are some very clear benefits for moving your organization to green supply chain practices.

Supply Chain Efficiency 88

Supply Chain Efficiency Supply chain Supply Sustainability 88