Spend Matters

NOVEMBER 5, 2024

Ongoing training is important for procurement teams to keep up with the constantly evolving and advancing procurement tech and services landscape, specifically in niche areas such as category management, supplier management, negotiation and strategic sourcing and in the broader areas of change management and leadership.

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Procurement Competitive analysis Strategic sourcing Strategic sourcing 110

Procurement Templates

DECEMBER 11, 2024

It’s been a very long time since I’ve had to consider about procurement objectives. Here are some typical procurement objectives that every procurement professional should consider. Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing.

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Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

ProcurePort

JANUARY 29, 2020

In the same vein, the era of manual sourcing is eclipsing, while automated procurement solutions are evolving as a result of digital transformation. With the help of strategic sourcing solutions, businesses can maintain better relationships with strategic business partners, […].

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ProcurePort

JULY 22, 2020

What is strategic sourcing? According to businessdictionary.com strategic sourcing is defined as “A method of managing procurement processes for an organization in which the procedures, methods, and sources are constantly re-evaluated to optimize value to the organization.”

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Strategic sourcing Strategic sourcing Sourcing Procurement 130

ivalua

AUGUST 12, 2021

The post Consero: Procurement & Strategic Sourcing Forum appeared first on Ivalua.

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Strategic sourcing Strategic sourcing Sourcing Procurement 130

All Things Supply Chain

MARCH 16, 2022

With the advent of COVID-19 pandemic, supply chains and demand have been massively disrupted and are causing inventory issues, unclear delivery reliability, and a significant risk in single-source supplier circumstances.…

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Strategic sourcing Strategic sourcing Sourcing Inventory 264

ivalua

NOVEMBER 28, 2020

The post Consero – Procurement & Strategic Sourcing Virtual Forum appeared first on Ivalua.

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Strategic sourcing Strategic sourcing Sourcing Procurement 130

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

Jaggaer

FEBRUARY 5, 2025

Complete Source to Pay cycle and Strategic Sourcing Guide An optimized Source-to-Pay (S2P) process helps businesses enhance procurement efficiency, reduce costs, and improve supplier collaboration. What is Source-to-Pay?

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Strategic sourcing Strategic sourcing Sourcing Real-time Visibility 52

ProcurePort

MAY 11, 2022

• The role of the procurement department in businesses today exceeds just finding the lowest possible price for items the organization needs. The global nature of business today is such that a business can source items from anywhere in the world if it makes logistical and business sense.

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Strategic sourcing Strategic sourcing Sourcing Management 130

ProcurePort

JULY 13, 2022

. • Companies cannot limit themselves to only sourcing from one supplier or market when value opportunities abound elsewhere. The post Global Procurement Services and Strategic Sourcing – ProcurePort appeared first on ProcurePort Blog.

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Strategic sourcing Strategic sourcing Sourcing Agile and Lean Supply Chain 130

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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ProcurePort

MAY 10, 2023

• Improved Cost Efficiency: Strategic sourcing software enables businesses to analyze and optimize their procurement processes, resulting in significant cost reductions and improved supplier negotiation outcomes.

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Strategic sourcing Strategic sourcing Sourcing Supplier negotiation 130

ProcurePort

NOVEMBER 25, 2021

Strategic sourcing involves optimizing a school’s overall spending with few suppliers, going through the process of establishing contracts as a university or as one educational institution, as opposed to every department or school having to go through this process themselves.

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Strategic sourcing Strategic sourcing Sourcing Contract 130

Spend Matters

FEBRUARY 13, 2025

As many procurement professionals have discovered, transforming your processes to meet todays challenges in an effective manner is not as simple as writing a new mission statement. The success of the Procurement team at Utz Brands, Inc. , The success of the Procurement team at Utz Brands, Inc. ,

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Influencing Procurement supply chain budgeting Strategic sourcing 103

ProcurePort

SEPTEMBER 28, 2022

• In today’s business environment, a strategic sourcing strategy is critical for optimal operations. Businesses need to formalize the manner in which they gather and use information that informs their procurement activities. Strategic sourcing takes a long-term and proactive view of a company’s purchasing activities.

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ProcurePort

MARCH 16, 2022

A strategic sourcing consultant is a person that helps other businesses to find the right suppliers for the items they need. In most cases, companies will engage a strategic sourcing consultant when sourcing from another country. It leads […]. It leads […].

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Strategic sourcing Strategic sourcing Sourcing Suppliers 130

ivalua

JUNE 26, 2023

Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change.

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Supply Chain Efficiency Strategic sourcing Strategic sourcing Procurement 244

ProcurePort

JULY 27, 2022

• Strategic sourcing is a practice in procurement that seeks to utilize a single, integrated process for purchasing and supply chain management. So, as opposed to sourcing which is the actual […]. So, as opposed to sourcing which is the actual […].

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Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

ProcurePort

JULY 1, 2021

The strategies and tactics that procurement professionals develop and choose to implement often affect one another. The post How to Improve Strategic Sourcing with Category Management appeared first on ProcurePort Blog. Constructing a strategy out of complimentary tactics, then, is a good way to optimize value […].

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Strategic sourcing Strategic sourcing Category management Sourcing 130

ProcurePort

APRIL 13, 2021

When it comes to procurement efforts there is an entire library of information on tactics, strategies, and practices. Two of the most common supplier-management strategies in the history of procurement are category management and strategic sourcing. Both are valid options of developing […].

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Strategic sourcing Strategic sourcing Category management Sourcing 130

ProcurePort

JULY 28, 2021

They are two separate parts of the procurement process and they each have their own distinguishing features. The post What is the Difference Between Strategic Sourcing and Contracts? You can’t have one without the other. It’s these differences that we are going to explore in this blog but let’s begin with a few definitions.

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Strategic sourcing Strategic sourcing Contract Sourcing 130

CPO Rising

NOVEMBER 27, 2024

Join Ardent Partners and Coupa on December 11th (2 PM ET) as they discuss CPO 2025: Evaluating the Four Pillars of Strategic Sourcing.

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Strategic sourcing Strategic sourcing Chief Procurement Officer Sourcing 52

ivalua

OCTOBER 4, 2021

Wide-ranging digital procurement transformation will streamline Crelan’s sourcing processes . The post Crelan Digitizes Strategic Sourcing with Ivalua appeared first on Ivalua. Project delivery is led by KPMG Belgium ’s Banking expert consulting team with support from Ivalua professional services.

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Strategic sourcing Strategic sourcing Sourcing Supplier relationship management 130

Una

NOVEMBER 1, 2022

Benefits of Strategic Sourcing and Best Practices. For decades, procurement professionals saw as much daylight as the basement-dwelling character Milton Waddams in Office Space. Today, however, the pandemic has shown procurement to be more than simply purchasing goods and services. Strategic sourcing best practices.

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Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

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

Spend Matters

DECEMBER 17, 2024

In readiness for our Q1 2025 theme of Procurement Transformation, which will include how to even start your digital journey, how to make the case for it, how to shape your digital roadmap and how to survive it, we have received input from some solution providers on their own customers journeys. 2- and 3-way matching).

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Procurement Change management Strategic sourcing Strategic sourcing 107

Procurement Tactics

MARCH 16, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Strategic Procurement — Everything You Should Know Strategic procurement allows businesses to meet the demand of the current procurement landscape by making sense of the data and automating the procurement process.

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Procurement Procurement strategies supply chain budgeting Contract management 238

Procurement Freelancers

JUNE 10, 2023

To optimise an organisation’s supplier base, procurement experts employ strategic sourcing, a methodical, data-driven strategy.… … The post An Insight Into Strategic Sourcing first appeared on Procurement Blog | Procurement & Supply Chain News.

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Strategic sourcing Strategic sourcing Sourcing Supply chain 95

ivalua

DECEMBER 7, 2022

Thanks to a number of integrations, the implementation of Ivalua’s platform will ensure end-to-end coverage of the Source-to-Pay (S2P) cycle, providing a seamless user experience resulting in higher adoption, and increased process as well as policy compliance. Learn more at www.ivalua.com. Follow us at @Ivalua. Global Media Contact.

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Strategic sourcing Strategic sourcing Contract Sourcing 130

ivalua

MARCH 18, 2021

Massy, France 18 March , 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, and CKS BeNeLux today announced that Punch Powertrain has successfully deployed Ivalua’s platform to support the digital transformation of the strategic sourcing process. About Ivalua. Learn more at www.ivalua.com. 0207 436 0420.

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Procurement Tactics

SEPTEMBER 8, 2022

33 Procurement Interview Questions in 2022. Operational Procurement — Everything You Should Know. Operational procurement sustains every business to do its daily operation. Do not worry if you do not know operational procurement as this article will help you understand it. The Definition of Operational Procurement.

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Procurement Purchase orders Purchasing Strategic sourcing 226

Spend Matters

NOVEMBER 25, 2024

In this Spend Matters Vendor Analysis we provide an overview of SpendHQ and its solution for spend analytics and procurement performance management. Spend analytics is crucial for procurement teams as it provides valuable insights into the organization’s spending patterns, supplier performance and potential cost-saving opportunities.

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Procurement team Market analysis Strategic sourcing Strategic sourcing 117

ivalua

MAY 30, 2023

Ivalua Spend Management Insights [ivory-search] 3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation May 30, 2023 | | Procurement Strategy by Sara Omer What is the Saudi Vision 2030 Program? Procurement and supply chain teams will play a crucial role in making this vision a reality.

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Eprocurement Procurement Supply Chain Efficiency Supply chain resilience 49

Procurement Freelancers

FEBRUARY 14, 2023

Planning and strategy are necessary when sourcing goods from another nation. It is not like… The post Importance Of Strategic Sourcing Consultants first appeared on Procurement Blog | Procurement & Supply Chain News.

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Procurement Tactics

AUGUST 25, 2022

33 Procurement Interview Questions in 2022. Procurement Speakers 2022 – 10 Most Popular Experts. Procurement speakers share their knowledge to inspire people in procurement that they are making a difference in the world. However, not all in the field of procurement are updated as they are more focused on their work. .

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Procurement Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 231

Procurement Tactics

JANUARY 13, 2023

Procurement success in 2023 with our Strategy Course. Procurement as a Career — 7 Reasons Why You Should Choose Procurement. Procurement as a career is a fulfilling one, especially if you enjoy putting your knowledge to use in the real world. For this article, we will discuss what procurement is as a career.

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