ivalua

MAY 30, 2023

When businesses start sourcing local goods and services, they are presented with new opportunities to network and form strong bonds with local business owners. Developing and executing category strategies is critical to effective strategic sourcing.

Eprocurement 49

Eprocurement Procurement Supply Chain Efficiency Supply chain resilience 49

Procurement Heads

FEBRUARY 9, 2023

Importance of strategic sourcing As businesses become more focused on sustainability and ethical sourcing, the importance of strategic sourcing will only continue to grow. Read procurement articles and blogs, attend conferences and events, and network with your peers to stay informed about the latest developments.

Procurement 130

Procurement Strategic sourcing Strategic sourcing supply chain budgeting 130

Procurement Insights

DECEMBER 11, 2024

This integration will streamline strategic sourcing, reducing cycle times and enhancing efficiency. Automation and the gig economy will lead to a core team overseeing a network of specialized contractors and automated systems, enhancing agility and responsiveness. Gig economy – [link] Decentralization – [link] 6.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Sustainability 59

Procurement Insights

MARCH 11, 2025

Comparison Table Attribute 1998 RAM (Niche) 2025 RAM (Leader) Forestreet (Visionary) Purpose Procurement optimization (MRO focus) Upgraded procurement efficiency Market intelligence, sourcing Tech Base Early AI, self-learning agents Modern AI (e.g., NYCTA) Strategic sourcing (e.g., NYCTA) Strategic sourcing (e.g.,

Suppliers 52

Suppliers Strategic sourcing Strategic sourcing Procurement strategies 52

Arkestro

DECEMBER 26, 2024

By automating routine work, procurement professionals can focus on high-impact tasks like strategic sourcing and relationship building with key suppliers. E-procurement uses networked systems and web interfaces for supply chain operations. It utilizes a supplier’s closed system, so only registered customers can use it.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

World of Procurement blog

MAY 8, 2024

Conferences, training programs and networking groups also help build procurement expertise. Cost Savings - The total cost reduction achieved through strategic sourcing, price negotiations, product rationalization etc. Ongoing learning and development prepares procurement professionals for greater responsibilities.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

ivalua

NOVEMBER 25, 2019

Jon led the largest B2B Network Network allow a company to connect and transact effectively with their supply chain partners. He is a frequent speaker at conferences and seminars on Cloud Technology, Business Networks, Supply Chain Strategy and Alliance Management.

supply chain software solutions 20

supply chain software solutions Business strategy Strategic sourcing Strategic sourcing 20

Strategic Sourceror

JANUARY 20, 2023

As Yale Environment 360 points out , ports are critical distribution centers to a much wider (and more complicated) network of suppliers, vendors and manufacturers. Brought to you by the StrategicSourceror.

Supply chain 142

Supply chain Raw materials Supply Strategic sourcing 142

IBM Supply Chain Blog

FEBRUARY 28, 2024

Sourcing is getting smarter. To start, many organizations have already pivoted from a tactical to a strategic sourcing mindset—which can make all the difference when it comes to gaining and retaining a competitive advantage. But now, the benefits of strategic sourcing are becoming even more attainable thanks to innovation.

Sourcing 94

Sourcing Strategy Supply Chain Efficiency e2e 94

Spend Matters

NOVEMBER 2, 2022

Categories: E-Sourcing , Procurement Systems & Architecture , Sourcing , Strategic Sourcing Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Globality and its services sourcing solution. Globality’s solution uses AI technology to implement a self-service approach to services procurement.

Sourcing 98

Sourcing Strategic sourcing Strategic sourcing Ethics 98

Procurement Insights

APRIL 3, 2025

Networking Opportunities Global Collaboration : DPW attracts a diverse audience of procurement professionals, technology providers, and thought leaders, fostering valuable connections and knowledge-sharing. Networking Opportunities Facilitates global collaboration among professionals and vendors 1 5.

Innovation 52

Innovation Real-time Visibility Sustainability Collaboration 52

ivalua

DECEMBER 8, 2020

This helps organizations avoid supply disruptions in times of crisis such as during Covid-19, support strategic objectives such as increasing spend with diverse suppliers and improve quality and savings from strategic sourcing, especially for new categories where there is less knowledge of the market.

Suppliers 29

Suppliers Eprocurement Spend management Sourcing 29

Supply Chain Game Changer

AUGUST 24, 2021

Additionally, you can use networked cameras to monitor your workers on your site. In addition, supply chain analytics can boost inventory optimization and visibility, real-time product intelligence, and strategic sourcing. They can also be used in monitoring logistical movement and mining equipment. Robots And Automation.

Supply Chain Optimization 119

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

ivalua

APRIL 1, 2019

It is either a data input, such as what we gather and use in spend analysis, or it is a process by-product, such as the information we gather from prospective suppliers during strategic sourcing. Procurement knows supplier information is useful and important, and that it needs to be cleansed and standardized after we collect it.

Suppliers 133

Suppliers Management Contract Strategic sourcing 133

Jaggaer

OCTOBER 24, 2024

Partnering collaboratively with full visibility and a fee-free network, you can systematically and strategically improve cost reduction, quality, on-time delivery, and technology. Accessing a full-service supplier network : Success and competitiveness hinge on the effectiveness and robustness of an organization’s supplier network , which is pivotal (..)

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

ivalua

MARCH 14, 2019

But now with strategic sourcing and category management, the process has become much easier to track, monitor and control. Add sourcing workflow to the mix, and introduce machine learning that can link directly to the supplier and track savings, then you can start to see where the science comes in. appeared first on Ivalua.

Procurement 100

Procurement Innovation Networking Strategic sourcing 100

Strategic Sourceror

DECEMBER 20, 2022

A company that is in the midst of expanding its automated fulfillment network is Chewy, an e-commerce retailer specializing in pet supplies. Filled volumes from there were roughly 20% cheaper relative to the company's non-automated network, Singh further explained. Brought to you by the StrategicSourceror.

Supply Chain Optimization 108

Supply Chain Optimization Supply Chain Efficiency Order Fulfillment Demand 108

Spend Matters

JUNE 20, 2023

However, as procurement has been increasing its influence and credibility across many departments and risk management initiatives, the scope of its role in cyber security within the extended supplier network is growing. And so it should.

Risk 98

Risk supply chain software solutions Risk management Real-time Visibility 98

Jaggaer

OCTOBER 24, 2024

With the right supplier management tools , you can empower your procurement team to assess suppliers based on critical factors such as risk, sustainability, and real-time performance. A leading strategic sourcing solution should give you a 360° view.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Procurement Heads

JANUARY 4, 2023

Even at that point blue chip corporations recognised the value of procurement and understood that when you’ve got substantial third-party spend, it’s important to use strategic sourcing approaches. Visit suppliers’ premises, listen and speak at events, and network with other professionals. Join networks.

Supply Chain Efficiency 246

Supply Chain Efficiency Agile and Lean Supply Chain Sustainability Suppliers 246

Procurement Insights

MARCH 17, 2025

large enterprises, strategic sourcing). Backed by a 20-year negotiation dataset and Beroes global network, it has potential for broader impact. Appeals to users valuing transparency and control over negotiation prep. nnamu : Targets mature procurement teams ready for AI-driven automation (e.g.,

Negotiation 52

Negotiation Procurement team Real-time Visibility Cost of ownership 52

Supply Chain Game Changer

NOVEMBER 13, 2018

As companies seek to discover ways to increase overall excellence and competitiveness, a new source of value has emerged – Strategic Sourcing. What is Strategic Sourcing? Strategic Sourcing does exactly the same by addressing the total cost. A Paradigm Shift in the Procurement Function.

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

ivalua

AUGUST 16, 2021

This reliance can increase supplier risk or uncover a large source of value and supplier innovation for organizations. . In order that sourcing and procurement teams fully optimize their supplier network, there needs to be a change in the way organizations view all suppliers. Secure executive sponsorship.

Risk 130

Risk Suppliers Management Supply Chain Efficiency 130

Spend Matters

JANUARY 15, 2024

This will require them to look for e-procurement solutions that equally support a supplier network that enables these business owners to identify, compete and manage awarded Government contracts with a single e-procurement solution. Effective contract administration is the last outcome of the S2C focus in public procurement.

Procurement solutions 105

Procurement solutions Procurement Contract administration Contract 105

Procurement Insights

FEBRUARY 20, 2025

SAP Ariba : A leading procurement software company, SAP Ariba offers a comprehensive suite of solutions for supplier management, strategic sourcing, procurement, and financial supply chain management. Here are a couple of links that you will find most interesting: Why are liquid networks in procurement important to understand?

supply chain software solutions 52

supply chain software solutions Supply Chain Optimization Real-time Visibility Supply Chain Efficiency 52

Supply Chain Game Changer

OCTOBER 28, 2021

The COVID-19 crisis highlighted the need to better understand the end-to-end supplier network and the risks that exist beyond direct suppliers” (Deloitte 2021). Yet only 26% were able to confidently predict risk within their supply bases. And, only 15% had visibility into tier 2 or beyond.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

Arkestro

NOVEMBER 12, 2024

Prior to joining Arkestro, Matt has led pre-sales solutions consulting, customer success and value engineering practices at numerous early-stage, SaaS software companies in the supply chain and procurement space, such as Supplyframe, ONE Network, Everstream Analytics, LevaData, and Resilinc.

Procurement 52

Procurement Bidding Procurement team Supply Chain Efficiency 52

Strategic Sourceror

FEBRUARY 10, 2023

"We have robust working relationships with our suppliers and dealer network and are working diligently to maximize production and delivery efficiency." " Differing points of view has been a theme for much of the past year in regard OEM's supply chain. Brought to you by the StrategicSourceror.

Supply Chain Efficiency 90

Supply Chain Efficiency Consumer demands Strategic sourcing Strategic sourcing 90

ivalua

MARCH 11, 2015

In a recent Sourcing Journal Online article, Sourcing is Hard , Mike Todaro, managing director of the Americas Apparel Producers’ Network, quotes Barbara Zeins, an industry expert that published a short list of “9 Big FAT Garment Lies,” which we might as well call “Global Sourcing Lies,” more generally.

Global sourcing 100

Global sourcing Sourcing Supply chain Supply 100

Jaggaer

JUNE 28, 2024

Riyadh, Saudi Arabia, 11 June, 2024: JAGGAER, the global leader in strategic sourcing and procurement, has held a series of roundtables in Saudi Arabia and the UAE to address the top priorities for Chief Procurement Officers (CPOs). Over $500 billion of goods flows frictionlessly through our Enterprise Commerce Network every year.

Chief Procurement Officer 52

Chief Procurement Officer Strategic sourcing Strategic sourcing supply chain software solutions 52

SCMDOJO

DECEMBER 14, 2023

READ MORE ON: “STRATEGIC SOURCING VS. PURCHASING – 7 KEY DIFFERENCES” at our website SCMDOJO! The Inner Workings of a Sourcing Agency: 1. Client Consultation: Understanding Needs The journey begins with a detailed consultation between the sourcing agency and the client.

Sourcing 104

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

Spend Matters

SEPTEMBER 14, 2023

Strategic sourcing remains critical, especially given our inflationary environment. A recurring request is to reduce risk and contain costs. Risk reduction is especially important in the supply chain, where leaders are focused on supply and supplier transparency to assess vulnerabilities.

Procurement 114

Procurement Supply Chain Efficiency Category management e2e 114

Strategic Sourceror

FEBRUARY 1, 2023

Each tool your organization uses can be compromised and could lead to your network facing serious malware, spyware or ransomware issues. As the supply chain space has become more digitized and reliant on technology, it has also ramped up the levels of risk that it faces. Brought to you by the StrategicSourceror.

Supply chain 73

Supply chain Import Supply Strategic sourcing 73

Supply Chain Game Changer

APRIL 15, 2020

Above all, LinkedIn Groups focused around procurement & sourcing keep you in large networks, amongst your peers. The inner ring & central focus areas being: Strategic Sourcing Contract Management Requisitioning Purchasing/Spot Buys Payment Spend Analysis. Looking to be a part of the conversation on LinkedIn?

Procurement 90

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 90

Strategic Sourceror

FEBRUARY 3, 2023

Having a clear picture of what is going on across your network at all times, and using that data to create informed plans is invaluable for your business. Brought to you by the StrategicSourceror.

e2e 67

e2e supply chain budgeting Supply Chain Efficiency Supply chain 67

Supply Chain Opz

JUNE 1, 2014

There are two things Boeing and Airbus have in common, utilization of lean manufacturing system and strategic sourcing concept. However, the overall implementation of strategic sourcing is a bit different between the two companies. Then, a poor planning will result in a massive loss.

Agile and Lean Supply Chain 95

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Supply chain 95

Una

FEBRUARY 13, 2023

Activate your supply chain backup plan First, risk management 101 in procurement involves having a network of backup suppliers for when disruption occurs. It's best to plan ahead to the best of your ability, avoid making any rash decisions, and maintain relationships whenever possible.

Supply chain 98

Supply chain Supply Contract Suppliers 98