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.

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Strategic sourcing Strategic sourcing Supply Chain Efficiency Sourcing 52

ProcurePort

JULY 1, 2021

The post How to Improve Strategic Sourcing with Category Management appeared first on ProcurePort Blog. This is because there are certain tactics that pair well together, and when done correctly, each is elevated by the presence of the other.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Category management Sourcing 130

ProcurePort

APRIL 13, 2021

Two of the most common supplier-management strategies in the history of procurement are category management and strategic sourcing. The post Category Management vs Strategic Sourcing – Breaking Down the Differences appeared first on ProcurePort Blog.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Category management Sourcing 130

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?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

Jaggaer

FEBRUARY 5, 2025

Complete Source to Pay cycle and Strategic Sourcing Guide An optimized Source-to-Pay (S2P) process helps businesses enhance procurement efficiency, reduce costs, and improve supplier collaboration. What is Source-to-Pay?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Real-time Visibility 52

ProcurePort

JULY 22, 2020

What is strategic sourcing? According to businessdictionary.com strategic sourcing is defined as “A method of managing procurement processes for an organization in which the procedures, methods, and sources are constantly re-evaluated to optimize value to the organization.”

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Procurement 130

ProcurePort

NOVEMBER 25, 2021

Strategic sourcing involves optimizing a school’s overall spending with few suppliers, going through the process of establishing contracts as a university or as one educational institution, as opposed to every department or school having to go through this process themselves.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Contract 130

Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Simplified: Best Practices for Maximizing Value Strategic sourcing goes beyond cost savings its about making informed decisions that drive long-term value. Now well dive into best practices in these critical areas to ensure a more effective and resilient sourcing strategy.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

ProcurePort

JULY 27, 2022

• Strategic sourcing is a practice in procurement that seeks to utilize a single, integrated process for purchasing and supply chain management. So, as opposed to sourcing which is the actual […]. So, as opposed to sourcing which is the actual […].

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

ivalua

OCTOBER 4, 2021

Wide-ranging digital procurement transformation will streamline Crelan’s sourcing processes . Redwood City, CA, 4th October, 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that Crelan, a cooperative Belgian bank, has selected its platform to digitize the entire source-to-contract process.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supplier relationship management 130

ivalua

NOVEMBER 27, 2019

Doug Keeley, Product Marketing Manager, Ivalua. So what does “good” strategic sourcing look like? The primary difference between Strategic Sourcing and “good” Strategic Sourcing is contextualized flexibility. Good” strategic sourcing….

Strategic sourcing 113

Strategic sourcing Strategic sourcing Sourcing Suppliers 113

CPO Rising

NOVEMBER 27, 2024

Join Ardent Partners and Coupa on December 11th (2 PM ET) as they discuss CPO 2025: Evaluating the Four Pillars of Strategic Sourcing.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Chief Procurement Officer Sourcing 52

Una

NOVEMBER 1, 2022

Benefits of Strategic Sourcing and Best Practices. Procurement professionals are abandoning traditional sourcing practices in favor of more responsive strategies to supply chain management in pursuit of more significant cost savings and organizational efficiencies. Strategic sourcing best practices.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

Supply Chain Brain

JULY 26, 2023

To be able to respond quickly to future supply chain disruptions, companies need to embrace strategic sourcing and inventory management.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Inventory Sourcing 98

ivalua

DECEMBER 7, 2022

Ivalua, a global leader in spend management , today announced that bol.com, the largest online retailer in the Netherlands and Belgium, has selected Ivalua’s solution to digitalize its indirect Source-to-Contract (S2C) processes. Ivalua is a leading provider of cloud-based Spend Management software. About Ivalua.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Contract Sourcing 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. Categories can range from raw materials, components, and finished goods to services such as IT, marketing, facilities management, and logistics. Can you spot the mistakes!

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

ivalua

MARCH 18, 2021

Solution deployed in 10 days to improve direct material sourcing, increasing profitability. The platform was configured in 10 business days to deliver rapid value in the sourcing of direct materials. A reverse auction can be added to the process, managed by CKS as a trusted third party. About Ivalua.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Buyers 130

ProcurePort

NOVEMBER 19, 2020

The best businesspeople manage to find additional value where others cannot. This means mining through data, staying updated on the latest technology being used within the organization for strategic sourcing, and staying on top of current market trends as well.

Sourcing 264

Sourcing Strategic sourcing Strategic sourcing Data 264

Spend Matters

NOVEMBER 5, 2024

Ongoing training is important for procurement teams to keep up with the constantly evolving and advancing procurement tech and services landscape, specifically in niche areas such as category management, supplier management, negotiation and strategic sourcing and in the broader areas of change management and leadership.

Procurement 110

Procurement Competitive analysis Strategic sourcing Strategic sourcing 110

Spend Matters

NOVEMBER 25, 2024

In this Spend Matters Vendor Analysis we provide an overview of SpendHQ and its solution for spend analytics and procurement performance management. Part 1 of this vendor analysis provides a detailed overview of each module and includes an analyst summary.

Procurement team 117

Procurement team Market analysis Strategic sourcing Strategic sourcing 117

Supply Chain Dive

JUNE 7, 2024

Justin Neff will build sourcing and aircraft management best practices, engine acquisitions and maintenance support agreements.

Strategic sourcing 131

Strategic sourcing Strategic sourcing Sourcing Supply chain 131

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.

Supply Chain Efficiency 244

Supply Chain Efficiency Strategic sourcing Strategic sourcing Procurement 244

Procurement Freelancers

FEBRUARY 14, 2023

Planning and strategy are necessary when sourcing goods from another nation. It is not like… The post Importance Of Strategic Sourcing Consultants first appeared on Procurement Blog | Procurement & Supply Chain News.

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Strategic sourcing Strategic sourcing Sourcing Import 89

Procurement Freelancers

APRIL 22, 2023

Many professionals are always seeking ways to lower expenses while maintaining the highest quality of… The post Steps Followed By Strategic Sourcing Agents For A Comprehensive Business Strategy first appeared on Procurement Blog | Procurement & Supply Chain News.

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Strategic sourcing Strategic sourcing Business strategy Sourcing 97

Spend Matters

FEBRUARY 13, 2025

This meant that implementing one of the full end-to-end spend management suites was not feasible from a cost and change management perspective. Utzs Procurement team had never focused on influencing budget owners in the corporate services area to strategically source their categories. It has been a home run.

Influencing 103

Influencing Procurement supply chain budgeting Strategic sourcing 103

Procurement Freelancers

NOVEMBER 7, 2023

Strategic sourcing is crucial in today’s ever-changing corporate environment. Strategic sourcing of commodities, services, and…

Strategic sourcing 68

Strategic sourcing Strategic sourcing Sourcing Management 68

ivalua

FEBRUARY 25, 2021

Best-in-Class for Healthcare Supply Chain Management? Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? What are the pros and cons, and what supply chain strategy will pave the way to higher margins, improved supply chain risk management in healthcare and improved patient care?

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

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.

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Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

Let's Talk Supply Chain

MARCH 2, 2025

In this fast-paced economic landscape, the importance of strategic supplier relationship management cannot be overstated. Join ‍us as we delve into the world of Supplier Relationship Management, unlocking the secrets to success in the face ‍of tariff uncertainty.

Supplier relationship management 52

Supplier relationship management Data Suppliers Supply chain resilience 52

Spend Matters

DECEMBER 17, 2024

We provide an analysis that shows the savings they can expect to achieve when they put more spend under management and increase user adoption. The main drivers of the ROI analysis are Spend Compliance (user and supplier compliance for value realization), Process Improvement, Price Reduction and Cash Management. 2- and 3-way matching).

Procurement 107

Procurement Change management Strategic sourcing Strategic sourcing 107

Procurement Templates

DECEMBER 11, 2024

Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Supplier Relationship Management: Build and maintain strong supplier partnerships to ensure long-term business value. Savings can be cashable or non cashable i.e. cost avoidance.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

Supply Chain Game Changer

MARCH 14, 2022

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. Luckily, Business School offers one of the most comprehensive supply chain management programs in the world. 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

RPF360

NOVEMBER 17, 2022

Spend Matters has recognized RFP360 as a strategic sourcing value leader in their Spring 2022 SolutionMap evaluation. The RFP management system features RFP automation, RFP process workflows and more making it a powerful request for proposal tool. Read more about the evaluation and results in this press release.

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Strategic sourcing Strategic sourcing Sourcing Management 185

Spend Matters

AUGUST 4, 2022

Categories: Sourcing , Sponsored Article , Supply Management Tags: Sponsored Article When it comes to wildfire risk, sourcing can play a key role in mitigating potential disasters. Utilizes vegetation management, transmission pole replacement, overhead system hardening and other projects to optimize costs.

Strategic sourcing 75

Strategic sourcing Strategic sourcing Sourcing Negotiation 75

CPO Rising

SEPTEMBER 20, 2024

Ardent Partners believes that there are “four pillars” that should serve as the foundation for any strategic sourcing program.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Chief Procurement Officer Sourcing 52

Procurement Heads

DECEMBER 7, 2022

I have a management consultancy background, I went into consultancy straight out of university, specialising in transformation projects. Your career has seen a shift from consultancy to management roles and now you are Vice President of Paysafe, when you started your career did you have this kind of trajectory in mind?

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Strategic sourcing Strategic sourcing Vendor management Category management 246

Art of Procurement

MAY 16, 2024

Strategic sourcing is one of the foundations of modern procurement. When executed well, it’s about holistically managing the entire acquisition. The post How to Build A Strategic Sourcing Strategy (that Goes Beyond Category and Supplier Management) appeared first on Art of Procurement.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52