Remove Market analysis Remove Strategic sourcing Remove Supply Chain Efficiency
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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. Which Suppliers Are Truly Strategic? Strategic sourcing makes sense for suppliers that are of strategic importance to your organization.

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Spot the mistakes Strategic Sourcing Framework

Procurement Templates

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. Can you spot the mistakes!

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Procurement Strategy’s Role in Guarding Against Supply Chain Disruptions

SCMDOJO

Why Your Procurement Strategy is More Critical Now Than Ever Before In an era of global supply chain disruptions, a robust procurement strategy is no longer optionalits essential. Optimize costs without compromising supply chain continuity. Enhanced Agility: Enables rapid response to unexpected supply chain changes.

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

SCMDOJO

This positive variance is achieved through effective negotiations, efficient internal management, and leveraging market opportunities. Market Fluctuations and Inflation : External factors such as inflation, rising raw material costs, and global supply chain disruptions have a significant impact on procurement costs.

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

Procurement Insights

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.

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Understanding 10 Stages of the Procurement Cycle

Una

The procurement cycle outlines the key steps procurement professionals should be taking each time they source and procure new goods and services. Here are 10 steps in the procurement process and hacks for making your procurement department more efficient: 1. Complete a market analysis. The procurement cycle.

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Category Management in Procurement: A Comprehensive Overview & Best Practices

SCMDOJO

It involves segmenting spending into areas that contain similar or related products, allowing for a focused approach on categories that offer opportunities for consolidation and efficiencies. Using category management software is ideal as it creates visibility and efficient management. Market forces determine supply risks.