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.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

Procurement Templates

NOVEMBER 21, 2024

Here’s a detailed guide to enhance procurement capabilities across various domains: Strategic Sourcing and Supplier Management Actionable Steps: Analyze Spend Data: Use spend analysis tools to identify areas where costs can be reduced or efficiencies improved. Resources: Online courses on strategic sourcing (e.g.,

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization supply chain software solutions 130

Una

NOVEMBER 1, 2022

Benefits of Strategic Sourcing and Best Practices. Let’s look at what strategic sourcing is, its best practices, and five key benefits: What is the difference between strategic sourcing and procurement? Strategic sourcing best practices. Here are four best practices for strategic sourcing: 1.

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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. Risk Assessment : Identifying potential risks associated with procurement activities is essential for effective planning and mitigation. Can you spot the mistakes!

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Spend Matters

NOVEMBER 25, 2024

Additionally, spend analytics enables procurement teams to track compliance with procurement policies, identify potential risks and ensure that resources are allocated efficiently. Additionally, it can model and marry a variety of data alongside the spend, from contracts to risk. This content is for members only.

Procurement team 117

Procurement team Market analysis Strategic sourcing Strategic sourcing 117

ivalua

DECEMBER 7, 2022

Our complete, unified platform empowers businesses to effectively manage all categories of spend and all suppliers, increasing profitability, improving ESG performance, lowering risk and improving employee productivity. Learn more at www.ivalua.com. 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. Tom Reynolds / Robert Fretwell. 0207 436 0420.

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Strategic sourcing Strategic sourcing Sourcing Buyers 130

ivalua

JUNE 26, 2023

Vishal Patel and Peter Hunt delivered their session ‘Creating Value with Strategic Sourcing’ to discuss how Procurement professionals are recognizing that the fast-paced digital landscape of today demands new approaches to category management and strategic sourcing. The answer is simple – automation.

Supply Chain Efficiency 244

Supply Chain Efficiency Strategic sourcing Strategic sourcing Procurement 244

ivalua

AUGUST 16, 2021

A checklist guide to getting the most out of your supplier risk management program. This reliance can increase supplier risk or uncover a large source of value and supplier innovation for organizations. . Objectives for Supplier Risk and Performance Management. Assess and mitigate risk across the supply chain.

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Risk Suppliers Management Supply Chain Efficiency 130

IBM Supply Chain Blog

FEBRUARY 13, 2024

Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. Sourcing and procurement professionals operating with a strategic sourcing mindset assess a supplier’s quality, reputation and service.

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Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

ivalua

DECEMBER 1, 2022

Third-party Risk Management (TPRM) within Services organizations, especially Financial Services (FSI), has become critical over the last few years. Some of this is due to regulation but a lot is simply due to the increase in risk occurrences of varying types and the increasing complexity of third- party relationships.

Risk management 130

Risk management Risk Management Contract 130

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.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

Spend Matters

AUGUST 4, 2022

Categories: Sourcing , Sponsored Article , Supply Management Tags: Sponsored Article When it comes to wildfire risk, sourcing can play a key role in mitigating potential disasters. Develops a long-term sourcing strategy for undergrounding programs and creating deep and lasting partnerships. Read more. ).

Strategic sourcing 75

Strategic sourcing Strategic sourcing Sourcing Negotiation 75

Una

AUGUST 31, 2023

Overcoming Challenges with Strategic Sourcing for SMEs Explore how strategic sourcing for SMEs can help procurement professionals overcome the unique challenges of operating a small business. Supplier diversity Maintaining a diverse supplier base is important in terms of risk mitigation and ESG.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supplier relationship management 52

Procurement Tactics

MARCH 16, 2023

However, the entire department must work together for a strategic procurement process to happen. 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. Why is it important?

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

ProcurePort

JULY 7, 2021

Are you thinking of developing a new sourcing risk management plan? Wondering how to better mitigate supply chain risk when sourcing? Or just keen to explore some of the best risk management practices Chief Procurement Officers (CPOs) can adopt? You see, risk management […].

Chief Procurement Officer 130

Chief Procurement Officer Risk Sourcing Supply chain 130

Una

AUGUST 21, 2023

The Human Factor in Strategic Sourcing How to allow for the human factor in strategic sourcing to drive the success of procurement process optimization and cost efficiency efforts. It’s a reminder that even the most carefully laid plans must allow for the human element, or risk derailment.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Ethics 52

Una

OCTOBER 9, 2023

How to Implement a Strategic Sourcing Process A play-by-play manual showing how to implement a strategic sourcing process that aligns with your organization’s goals, optimizes spend, and creates long-term value. At its core, strategic sourcing formalizes the process of finding, assessing, and choosing suppliers.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Spend Matters

FEBRUARY 13, 2025

Utzs Procurement team had never focused on influencing budget owners in the corporate services area to strategically source their categories. These tools helped Procurement to be more effective when engaging with stakeholders in strategic sourcing and competitive bidding activities.

Influencing 103

Influencing Procurement supply chain budgeting Strategic sourcing 103

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. AI technology will also be used to conduct risk scenarios to assess how the supply chain will respond to various challenges.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

ivalua

FEBRUARY 8, 2023

As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these. Additionally, procurement technology can help organizations improve compliance with regulations and reduce risk.

Supply chain resilience 242

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

Empowering CPO

FEBRUARY 11, 2024

Introduction In the ever-evolving landscape of procurement, organizations are turning to strategic sourcing services to navigate the complexities and achieve sustainable success. By harnessing the power of data, organizations can identify opportunities for cost optimization, risk mitigation, and process efficiency.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

Spend Matters

JUNE 20, 2023

This content does not express the views or opinions of Spend Matters In our previous installment on Spend Matters, we discussed the rapid evolution of Supply Chain Risk Management happening within procurement organizations. But what is procurement’s role in managing something as technologically complex as cyber risk across the supply chain?

Risk 98

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

Jaggaer

JULY 4, 2024

Christian Heinrich, Co-Founder and Managing Director, c arbmee The 80% Challenge I was recently delighted to participate in a JAGGAER live webinar focused on the introduction, in recent years, of carbon emissions measurement as a factor in strategic sourcing. The objective of net zero carbon footprint is now familiar.

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Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 59

Skill Dynamics

FEBRUARY 4, 2025

Strategic Sourcing and Supplier Relationship Management Strategic sourcing skills are crucial for procurement professionals to effectively identify and then leverage opportunities within the supply base to create value. Strategic sourcing can also help reduce the overall risk in a given supply chain.

Procurement 59

Procurement Supply Chain Efficiency Supply Chain Optimization supply chain budgeting 59

Spend Matters

OCTOBER 31, 2024

The idea for True ValueHub was born out of the pain points our Founder, Gautam Pasari, experienced first-hand over the years working for various manufacturing companies while leading their strategic sourcing, category management and digital transformation functions.

Real-time Visibility 120

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

Spend Matters

JANUARY 23, 2025

This, given the productivity constraints of modern strategic sourcing teams, means that they often must choose between refining the assumptions and calculations in their model and doing other things, like studying the broader market, building supplier relationships or solving tactical challenges like shortages.

Price 104

Price Negotiation supply chain software solutions Supply Chain Optimization 104

SCMDOJO

FEBRUARY 21, 2025

The right procurement strategy ensures that organizations: Mitigate risks before they escalate. This is why having a strong procurement strategy is criticalit ensures business continuity, cost control, and risk mitigation in times of uncertainty. Risk Reduction: A diversified supply base and contingency planning minimize disruptions.

Agile and Lean Supply Chain 59

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

Jaggaer

JULY 10, 2024

But to do this effectively you must first enrich your information with data on supplier risk and ESG. Sourcing: Category and supplier management strategies can then inform your sourcing events to include commercial costs as well as risk and sustainability factors. Spend management: It begins here in most organizations.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Bidding 52

TYA Suite

NOVEMBER 25, 2024

What is strategic sourcing and how does it work? Strategic sourcing is a method used by businesses to buy goods and services in a way that focuses on long-term value, not just short-term savings. Strategic is about building strong, lasting relationships with suppliers that deliver the best overall value.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 40

ProcurePort

OCTOBER 20, 2023

• Opting for procurement services offers cost savings through improved negotiations, volume discounts, and strategic sourcing, along with significant time efficiency gains and streamlined processes.

Procurement 130

Procurement Strategic sourcing Strategic sourcing Risk management 130

Procurement Insights

APRIL 2, 2025

AdaptOne Overview: A supplier management platform focused on diversity, risk, and compliance, often integrated with S2P suites like Coupa or SAP Ariba. Could diversify 20-30% of Chevrons supplier base, mitigating geopolitical risks. Risk Mitigation: Real-time supplier risk scoring (e.g.,

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement solutions Supply Chain Efficiency Procurement 52

Procurement Insights

MARCH 16, 2025

Smart Supplier Recommendations & Risk Analysis AI models track historical supplier interactions, contract performance, and risk factors to provide real-time recommendations. MCP ensures that previous supplier evaluations, compliance issues, and sustainability scores are factored into ongoing sourcing decisions.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

Jaggaer

FEBRUARY 28, 2025

The most recent Hackett Group Report highlights key priorities reshaping procurement in 2025, including technology adoption, the rise of Generative AI, and managing emerging risks. However, simply cutting costs isnt a sustainable strategy CPOs must move beyond tactical price reductions and embrace strategic cost management.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Supply Chain Optimization Real-time Visibility 52

ivalua

FEBRUARY 13, 2019

Canada , the Middle East , South America and Asia are now using Ivalua’s procurement empowerment platform to power their digital transformations, improving efficiency, reducing costs, managing risk and growing revenue. in “ The Forrester Wave : Supplier Risk And Performance Management (SRPM) Platforms, Q1 2018.”

Bill of materials 35

Bill of materials supply chain budgeting Supply Chain Efficiency Innovation 35

CPO Rising

SEPTEMBER 13, 2024

Each list will include a variety of procurement tips, trends, insights, research, lists, strategies, and/or recommendations designed to help… The post CPO Rising Listicle: 8 Reasons Why a CPO Needs a Strong Strategic Sourcing Operation appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Chief Procurement Officer Sourcing 52

Procurement Insights

JANUARY 3, 2025

20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. Analytics and insights from procurement data were minimal.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52