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Strategic Sourcing + Smart Solutions: The Unbeatable Duo for Procurement Success

SCMDOJO

Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Think of them as apples and gearseach essential and effective on its own, yet when combined; they create a formidable mechanism for achieving procurement excellence.

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Körber strengthens strategic and operational procurement with Ivalua and OptiBuy

ivalua

Redwood City/Warsaw/ Hamburg – March 17th, 2020 | Ivalua, a leading global provider of procurement management solutions, and OptiBuy, Ivalua’s long-standing implementation partner, announced their selection by Körber to enable a digital procurement transformation.

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Enhancing Manufacturing Value Through Procurement

Jaggaer

In today’s dynamic market, procurement is far more than just a buying and purchasing center. 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.

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Beyond enabling technology: digital platforms will transform procurement organizations into critical contributors to competitiveness and growth

ivalua

Accenture’s recently published “ Is Yours a Procurement Organization of One? provides a bold look into the near future of procurement organizations. This is a mindset shift for procurement teams, but it should not be such a stretch. Digital platforms and technologies, Accenture emphasizes, are no longer just enablers.

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Inflation & Procurement

Procurement Templates

Money buys less than before How should procurement manage inflation? ChatGPT Procurement departments can take several steps to manage inflation effectively. Procurement professionals should consider diversifying their supplier base to have alternative options available.

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CPO Crunch: What does the future hold?

Procurement Leaders

A few weeks ago, I wrote about how procurement, R&D and sustainability were being rolled under one leadership at Mars Wrigley. The call I refer to focused in part on the recent news of how Swedish manufacturer Electrolux had taken the decision to align sustainability with product development.

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PMI’s approach to collaborating cross-functionally to transform its new product strategy

Procurement Leaders

Procurement teams can have all the right people, skills, systems and processes in place, but without the right connections and relationships with the rest of the business the function can still fail to meet its potential and deliver against the needs of the wider organisation. Implementing a new operating model.