Procurement Tactics

JUNE 5, 2023

First Name Email Download 51 Prompts →  Or receive our famous weekly newsletter Global Supply Chain — Everything About Supply Chain Global supply chain has become a popular way for businesses to source unique materials and products from other countries as they are unavailable domestically.

supply chain budgeting 192

supply chain budgeting supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 192

Spend Matters

OCTOBER 31, 2024

Today please get to know True ValueHub From our recent analyst-written Vendor Analysis : Here’s why True ValueHub matters: To the market — True ValueHub offers deep parts analysis (price/cost-focused) for direct materials using AI and deep supplier insights.

Real-time Visibility 120

Real-time Visibility Supply Chain Efficiency Buyers Supply Chain Optimization 120

Spend Matters

NOVEMBER 19, 2024

As part of our theme this quarter on Procurement’s role and value in supply chain risk management, we are speaking with practitioners in the field to understand their perceptions of risk — clearly different industries perceive types of risk in different ways. And we must remember that one cannot escape supply chain risks.

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Risk Strategy Agile and Lean Supply Chain Supply Chain Optimization 111

SCMDOJO

FEBRUARY 21, 2025

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. Increased costs due to emergency sourcing.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 59

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.

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Strategic sourcing Strategic sourcing Supply Chain Efficiency Sourcing 52

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?

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Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

Let's Talk Supply Chain

FEBRUARY 27, 2025

In an era of economic uncertainty and fluctuating market conditions, the service supply chain industry is bracing itself for a ‍seismic shift as double-digit inflation looms on the horizon. The impact of this economic phenomenon ‍on supply chain operations is profound ‍and multifaceted.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain Demand 52

Spend Matters

JANUARY 23, 2025

This article will outline those limitations and propose that invoking competitive negotiations with machine learning solutions such as Arkestro is the optimal way to evaluate the market competitiveness of price quotes. Thus, should-cost models often misrepresent what constitutes a good price. supplier count, event size).

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Price Negotiation supply chain software solutions Supply Chain Optimization 103

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.

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Strategic sourcing Strategic sourcing Sourcing Strategy 52

Procurement Tactics

JUNE 30, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter 9 Best US Lumber Suppliers — Industry Outlook, Considerations, Pricing, and Reviews The US based Forest Economic Advisors, LLC (FEA) predicted a 16% US housing drop in 2023.

Price 177

Price Suppliers Quality Negotiation 177

Jaggaer

FEBRUARY 20, 2025

What is Source to Pay (S2P)? Yet in the case of source to pay, it is wholly justified. That said, many organizations, including large enterprises, may not think in terms of source to pay as an end-to-end process, if they think about it at all. Yet there are good reasons to do so.

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

Procurement Tactics

DECEMBER 7, 2022

Financial Supply Chain — The Ultimate Guide of 2023. The financial supply chain is new to many procurement professionals, especially those who have just started their journey in the procurement and supply chain industry. . For this article, we will tackle what a financial supply chain is.

Supply Chain Efficiency 181

Supply Chain Efficiency supply chain software solutions Supply Chain Optimization Supply chain 181

Let's Talk Supply Chain

MARCH 24, 2025

In the intricate dance of the global electronics supply chain, a disruptive force has emerged, sending ripples of chaos through its intricate web of interconnected components. Welcome ‍to the frontline of change in the world of electronics supply chains.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Demand 52

Procurement Tactics

JUNE 30, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter 8 US Appliance Parts Suppliers — Top Factors, Choosing Guidelines, Pricing, and Review The US appliance parts industry experiences a period of significant growth and transformation. ” – Sharon S.

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Price Suppliers Negotiation Quality 183

Procurement Templates

DECEMBER 11, 2024

Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Risk Mitigation: Identify and manage procurement risks by ensuring supplier reliability, diversifying sources, and monitoring market trends. Savings can be cashable or non cashable i.e. cost avoidance.

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Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

Procurement Templates

AUGUST 28, 2024

The global supply chain in 2024 faces a myriad of challenges that continue to disrupt procurement processes across industries. In this post, we will explore the major procurement supply chain shocks in 2024, their causes, and the potential responses organizations are adopting to mitigate their impact.

Supply Chain Efficiency 130

Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain Supply Chain Optimization 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. By the way, when doing sourcing preparations it doesn’t mean that you can’t work on multiple parts at once and go back and forth before the tender is issued but there is a typical order.

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Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

SCMDOJO

APRIL 27, 2022

Managing the flow of goods within the apparel industry requires an extensive and well-established supply chain network. Since this particular industry is insanely fast-paced, any problem within the supply chain can lead to a loss of sales for the business. There are countless benefits of having an optimized supply chain.

Supply chain management 138

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 138

Jaggaer

MARCH 24, 2025

With numerous options available across the source-to-pay spectrum, weve compiled the top three key technologies CPOs should embrace in 2025: 1. These procurement technologies empower teams to move beyond traditional methods, using data-driven insights for smarter sourcing, demand forecasting, and risk management.

Procurement 52

Procurement Supply Chain Optimization Real-time Visibility supply chain budgeting 52

Supply Chain Game Changer

MARCH 14, 2022

Subscribe to Supply Chain Game Changer. Supply Chain Education and Certification – What’s Missing? 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. Supply Chain Management Courses.

Supply chain management 115

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 115

Procurement Tactics

JULY 4, 2023

It is a powerful tool that helps procurement and supply chain professionals to evaluate and negotiate pricing with suppliers effectively and favorably and achieve cost savings. Importance of Should Cost Model A should-cost model is an essential tool for procurement and supply chain organizations. 2.5% -1.2%

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Raw materials supply chain software solutions supply chain budgeting Price 209

Let's Talk Supply Chain

MARCH 24, 2025

In a whirlwind of market turbulence, teh auto supply chain is grappling with the aftermath of a tariff blitz that‍ has sent shockwaves through component suppliers worldwide. Key strategies being adopted by component suppliers include: Diversifying the supply chain to reduce reliance on single sourcing.

Supply Chain Efficiency 40

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 40

SCMDOJO

APRIL 29, 2024

Are you interested in understanding how businesses effectively manage their supply chains? Look no further – this guide is here to help you grasp the fundamentals of supply chain management (SCM) and how it can lead to success. It encompasses activities such as procurement, supplier selection, and evaluation.

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Supply chain management Supply chain management Agile and Lean Supply Chain supply chain budgeting 98

IBM Supply Chain Blog

FEBRUARY 13, 2024

In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. 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

SCMDOJO

JUNE 27, 2024

In an era where efficiency equates to competitive advantage, the oil industry’s supply chain management plays a pivotal role in determining a company’s profitability and sustainability. What Are the Key Components of an Oil Company’s Supply Chain? How Do Global Market Conditions Affect Oil Supply Chains?

Supply Chain Efficiency 98

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain Supply chain 98

SCMDOJO

DECEMBER 14, 2023

In the global world of businesses, companies often seek help from sourcing agencies to figure out how to get the things they need. But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s explore this world of sourcing agencies and understand what they do.

Sourcing 104

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

Procurement Tactics

AUGUST 15, 2022

Supply Chain Planning — The Ultimate Guide of 2022. Supply chain planning helps organizations to meet customer demands efficiently. However, to achieve this, you will need to have effective supply chain planning. . For this article, we will show you steps on how to create a successful supply chain plan.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply Chain Optimization Supply chain Supply 130

Una

NOVEMBER 1, 2022

Benefits of Strategic Sourcing and Best Practices. In doing so, procurement professionals are ascending the corporate stairs to have a more visible seat in their business’s strategic sourcing. Strategic sourcing best practices. Here are four best practices for strategic sourcing: 1. Strategic sourcing is similar.

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Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

ivalua

MARCH 9, 2023

A comprehensive Source-to-Pay platform is a critical component of an organization’s IT environment. What is Source-to-Pay? The Source-to-Pay process itself is quite broad but it covers most if not all the aspects of a procurement organization, at least from a process and technology perspective.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Procurement Insights

MARCH 16, 2025

MCP ensures that previous supplier evaluations, compliance issues, and sustainability scores are factored into ongoing sourcing decisions. Contextualized Spend Analysis & Cost Optimization AI models use MCP to remember previous spend categories, budget constraints, and organizational purchasing behavior.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

Jaggaer

NOVEMBER 14, 2024

Forward-thinking organizations have transformed the department into an untapped gold mine that creates value for the entire end-to-end manufacturing process—from design and sourcing to production and delivery. An advanced source-to-pay platform is crucial for unleashing procurement’s potential and optimizing supply chain performance.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Chief Procurement Officer Supply Chain Optimization 52

SCMDOJO

MARCH 19, 2024

In today’s fast-paced business landscape, having an efficient supply chain department is more important than ever. A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 98

Procurement Tactics

MARCH 16, 2023

Strategic procurement is data-driven and uses a combination of tools and techniques that go far beyond unit price reduction. When strategic procurement is done correctly, it can help an organization to optimize its profit margin, reduce risks, and streamline the process of purchasing goods and services needed to achieve business goals.

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Procurement Procurement strategies supply chain budgeting Contract management 238

SCMDOJO

SEPTEMBER 24, 2024

Make vs Buy Analysis is an essential decision-making tool in supply chain management that significantly influences profitability, flexibility, and competitiveness. It helps businesses decide whether to produce goods internally (make) or source them externally (buy), weighing costs, quality, scalability, and capacity.

Supply Chain Efficiency 98

Supply Chain Efficiency supply chain budgeting Supply chain management Supply chain management 98

Jaggaer

OCTOBER 24, 2024

The primary goals of SRM are to foster hand-in-glove supplier relationships, manage risk, and optimize the value chain. Supplier Collaboration for Agility Your world is characterized by dynamic market conditions, shifting customer demands, new technologies, rapidly changing regulations, and frequent supply chain disruptions.

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Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Supply Chain Game Changer

AUGUST 21, 2022

Subscribe to Supply Chain Game Changer. Supply Chain’s Moment of Truth Has Arrived! A solid supply chain and logistics strategy is essential for large companies. Using a logistics-oriented strategy helps companies better understand their suppliers, improve customer service, and optimize shipping.

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Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Logistics 104

Procurement Insights

APRIL 8, 2025

MODEL #2 An agent-based model within a metaprise framework outperforms traditional equation-based intake and orchestration models in procurement because it better addresses the complexity, unpredictability, and multi-stakeholder nature of modern supply chains. Complex, multi-tiered supply chains Superior (e.g.,

Supply Chain Optimization 69

Supply Chain Optimization Supply Chain Efficiency Procurement Agile and Lean Supply Chain 69