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Strategic Sourcing Success – Techniques Deployed by Leaders in S2P

Jaggaer

Assessment of the supply market (who offers what?) The assessment of supply markets is broken down, at least in large organizations that source strategically, into category management, with a category manager assessing the supply market for similar products and services sought.

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Thought leader: How to get early supplier involvement right

Procurement Leaders

Early supplier involvement is a term that has evolved since the 1990s, when the world discovered that Japanese automotive OEMs such as Toyota and Honda outperformed their competitors in terms of design quality and time-to-market.

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Supplier Collaboration: Fundamental to Elevating Manufacturing Performance

Jaggaer

The quality, timeliness, and transparency of that collaboration can have a dramatic impact on manufacturing performance. Supplier collaboration is a business essential. Decision-makers must plan supply chain resilience strategies for a wide range of risk scenarios. Banking: Typically, a bank’s suppliers are also its customers.

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Sustainable Procurement Strategy — Embracing Sustainability

Procurement Tactics

Your strategy should at least include the following: Key findings about sustainability risks and opportunities, needs, and the supply market The actions required to manage key sustainability risks The recommended demand-related approach (e.g.

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Focusing Beyond Cost in Procurement

Una

This can lead to better quality, faster delivery times, and more innovative solutions. Additional resource: How to Prioritize SRM Activities Risk management Procurement can also focus on identifying and mitigating supply chain risks such as disruptions, delays, and quality issues.

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Webinar Recap: Procurement 2022, Big Trends and Predictions

ivalua

CPO’s and CFO’s will join forces to combat inflation and supply risk, supply assurance will be perceived as more important than price, convenience and customer service gaining significant popularity, and vigilance against commodity and supply market manipulation will be critical. #3.

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5 Steps Towards Modernizing Supplier Management

ivalua

At the same time, organizations have never been more exposed to risk from their supply chains, from supply continuity, quality, or ESG violations. To top it all off, extremely tight supply markets have further shifted negotiating leverage from buyers to suppliers.

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