Remove Market analysis Remove Sourcing Remove supply chain software solutions
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Mastering Strategic Sourcing: Efficiency and Cost Savings in Procurement

Jaggaer

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.

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State of Flux (SupplierBase): Vendor Analysis, 2022 Update (Part 1) — SxM solution overview, market analysis, tech selection tips

Spend Matters

Part 2 examines the solution strengths/weaknesses, provides a detailed overview of each module and an analyst summary. To do so, the company provides services (consulting and training) and a software solution, SupplierBase, that supports the methodology and philosophy of State of Flux. Read more. ).

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What is Purchase Price Variance (PPV) and How to Calculate it?

SCMDOJO

Strategic Sourcing: Strategic sourcing involves managing suppliers, while their selection is done through Request for Quotation (RFQs) forms from multiple suppliers to compare and evaluate them based on pricing, quality, and delivery speed. Failure to do a market analysis, may lead to overspending on products.

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2011 To 2025: The Evolution Of How The C-Suite And Boardroom Views Procurement

Procurement Insights

Technology Adoption in Early Stages : Adoption of procurement software was growing but not yet widespread, with many organizations relying on manual or semi-automated processes. Analytics and insights from procurement data were minimal. Analytics and insights from procurement data were minimal.

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Commodity Trading — Everything You Should Know

Procurement Tactics

Commodity Trading Tools and Software In engaging in the field of commodity trading, you can use several tools and software that helps with market analysis, monitoring prices, and managing trades, making it easier to make informed decisions. Here are some tools and software available for commodity trading: 1.

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Category Management in Procurement: A Comprehensive Overview & Best Practices

SCMDOJO

Category Management Software What is Category Management in Procurement? Category management may involve the splitting of products (goods or items) or services or may relate to the dissecting of products or services by value, supplier, type, or volume into various categories to allow for easy management and sourcing.

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Role-Based Training for Procurement & Supply Chain Teams

Skill Dynamics

This leads to professional growth and supply chain efficiency – just two benefits of role-based training , of which there are many more. Elevating Procurement Excellence Through Targeted Training Role-based procurement training is ideal because procurement and supply chain roles often come with role-specific challenges.