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

SCMDOJO

MARCH 24, 2025

A favorable variance indicates that the company is spending less than planned, whereas a positive outcome means the company is spending more than the planned budget. Every business aims to increase its profit margin, and one effective way to achieve this is by cutting costs. per unit, reducing the actual cost to $90,000.

Price 69

Price Purchasing supply chain budgeting Raw materials 69

Procurement Insights

JANUARY 3, 2025

Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.

Agile and Lean Supply Chain 52

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

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. She’s added in category analysis twice and then she added a RFQ before a PQQ which means the flow isn’t quite right. This may include procurement methods, sourcing strategies, contract terms, etc.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Spend Matters

JULY 14, 2022

Categories: Procurement Systems & Architecture , Professional Services , Solution Providers , Sourcing , Technology Tags: PRO This three-part Spend Matters PRO Vendor Analysis focuses on Efficio’s eFlow, the company's S2C solution. London-based Efficio is the world's largest pure-play procurement and supply chain consultancy (i.e.,

Market analysis 98

Market analysis supply chain budgeting Sustainability Procurement team 98

Una

NOVEMBER 9, 2022

The procurement cycle outlines the key steps procurement professionals should be taking each time they source and procure new goods and services. At this stage, it’s important to understand your budget constraints, the overall objectives of your business, and the priorities of individual departments. Complete a market analysis.

Procurement 98

Procurement supply chain budgeting Purchase orders Market analysis 98

Procurement Tactics

SEPTEMBER 9, 2022

The purpose of why he created the Matrix was to help companies in maximizing supply security and reduce costs by using most of their purchasing power. Kraljic Matrix is a strategic tool used by procurement and supply chain professionals to find and minimize supply risks nowadays. Market Analysis.

supply chain budgeting 130

supply chain budgeting Purchasing Risk Market analysis 130