Spend Matters

SEPTEMBER 24, 2024

Blair Romain, Senior Manager, Content Marketing at Arkestro The essence of competitive outcomes in Procurement — Procurement is a critical function that requires strategic planning to ensure the best value for the organization. Sourcing as a discovery and competitive process — Sourcing is fundamentally a discovery process.

Strategy 114

Strategy Procurement Strategic planning Suppliers 114

Let's Talk Supply Chain

MARCH 5, 2025

Join us as we delve into the intricate world of borderlands Mexico, where strategic planning and logistical prowess reign supreme in the ‍fight for economic resilience. in a dynamic trade environment, where tariffs can fluctuate rapidly, strategic planning is paramount for businesses operating in the region.

Supply Chain Optimization 52

Supply Chain Optimization Agile and Lean Supply Chain Supply chain Strategic planning 52

Let's Talk Supply Chain

FEBRUARY 25, 2025

Strategic reconsideration of supply chain routes and partners. The‍ situation highlights the importance of adaptability and strategic planning for businesses involved in international trade.To

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Strategic planning 52

SCMDOJO

OCTOBER 30, 2024

By engaging in these simulated environments, students gain practical experience in decision-making, strategic planning, and crisis management. For instance, a student interested in sustainable supply chain practices might choose courses focused on green logistics, ethical sourcing, and environmental impact assessment.

supply chain budgeting 97

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 97

ivalua

FEBRUARY 24, 2021

Jose Bustillo Sourcing Excellence. Jose joined Bulgari in 2018 to lead the strategic planning, training and implementation of IVALUA for North and South America. Jose is now, part of the Global Sourcing Excellence organization led by Rome strengthening IVALUA related activities, trainings, and processes worldwide.

Strategic planning 100

Strategic planning Global sourcing Sourcing Purchasing 100

Jaggaer

DECEMBER 12, 2024

release includes improvements for Source-to-Contract (S2C). JAGGAERs Value Tracker within Supplier 360 is enhanced to give teams more strategic planning and supplier management capabilities with an updated view of a suppliers role in savings projects. Bulk amend framework for efficiently updating connected supplier agreements.

Supply Chain Optimization 52

Supply Chain Optimization Bill of materials Supply Chain Efficiency Contract 52

Spend Matters

APRIL 2, 2024

For example, a VMS solution may use traditional AI for candidate matching, predictive analytics for workforce planning or automated sourcing based on predefined criteria. AI-powered platforms can also assist in the writing, negotiation and finalization of a SOW while providing key analytics on the performance tied to the SOW.

Vendor management 117

Vendor management Management Strategic planning Sourcing 117

Una

AUGUST 10, 2022

In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Minesh Pore. Minesh has over two decades worth of experience leading multinational organizations in Intraprenuership, corporate transformation, business development, and strategic planning. Latest Episodes from The Sourcing Hero Podcast.

Strategic planning 111

Strategic planning Purchasing Sourcing Networking 111

ivalua

APRIL 12, 2019

If we get that right, then AI can digitize the full P2P process, eliminate manual processes and free capacity for strategic planning – which takes us nicely into the session from Vishal Patel of Ivalua, who told and showed us more about Ivalua’ s approach to AI.

Procurement team 176

Procurement team Data Contract Suppliers 176

Procurement Tactics

JULY 14, 2022

These include strategic planning, supplier collaboration, implementing best practices , strategic sourcing , and negotiation. . International emergency aid and project-driven organizations employ them to source and distribute relief goods. It has its own staffing and assists its clients with a variety of tasks.

Procurement 130

Procurement Supply Chain Efficiency Negotiation Strategic planning 130

Procurement Tactics

AUGUST 15, 2022

Supply Planning. The supply plan involves sourcing or procuring raw materials, components, and other materials needed for production. The goal of supply planning is to meet the demand for the product in the best way possible. . Supply Chain Planning Process. Strategic Planning. LEARN MORE.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply Chain Optimization Supply chain Supply 130

Arkestro

MARCH 20, 2025

Alan has previously held leadership roles in finance, operations, procurement, supply chain, and sales, directing high-performance teams through strategic planning and expansion. “Organizations worldwide are seeking faster ways to optimize sourcing and mitigate risk, yet traditional procurement processes remain a bottleneck.

Supply Chain Efficiency 52

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

ivalua

MARCH 30, 2022

A company’s supply chain is a key source of competitive advantage and Supply Chain Management (SCM) is designed to allow a company to monitor its suppliers and utilize the available resources to improve performance. But most sourcing and procurement teams need to pivot and modify the way they handle SCM decisions.

Suppliers 130

Suppliers Supplier relationship management supply chain software solutions Supply Chain Efficiency 130

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

Procurement Leaders

JUNE 10, 2024

This is one of those Holy Grail quests for CPOs and the technology and data providers that serve the procurement function – tracing individual supply chains back to the source is time-consuming and expensive. Which leaves 28% of those who responded admitting that the visibility they have is “not great” and, at best, goes as far as Tier-1.

e2e 100

e2e Real-time Visibility Supply Chain Efficiency Raw materials 100

Procurement Insights

FEBRUARY 24, 2025

This theory emphasizes the importance of recognizing and analyzing these hidden connections to enhance decision-making and strategic planning. Standardization and Integration: Ontologies offer standardized vocabularies and frameworks that facilitate the integration of diverse data sources.

Influencing 52

Influencing Procurement Suppliers supply chain software solutions 52

Procurement Templates

APRIL 15, 2024

Sustainability: Integrate sustainability considerations into procurement processes by sourcing eco-friendly products and promoting responsible supplier practices. Future Planning: Develop a strategic plan for the next phase, outlining priorities, initiatives, and goals for the coming months and years.

Procurement team 130

Procurement team Contract management Innovation Contract 130

World of Procurement blog

MAY 8, 2024

It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. What is Procurement?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Let's Talk Supply Chain

FEBRUARY 25, 2025

Strategic Planning: A forward-thinking approach to supply chain management, including forecasting, risk management, and cost optimization, is crucial for long-term success. Effective Communication: Clear and concise communication is essential for aligning team efforts and ensuring smooth coordination across all supply chain functions.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supply chain Ethics 52

Procurement Leaders

JUNE 3, 2024

The study is a culmination of several different community discussions and workshops and provides a great source of inspiration for those CPOs exploring operating model evolution.) Our Performance Glide Path report is a good place to start.

Market knowledge 100

Market knowledge Strategic planning Procurement Sourcing 100

Procurement Tactics

JANUARY 9, 2023

Strategically plan your sustainability. It has also encouraged other sportswear businesses to source more sustainably. . One of its notable initiatives is the Parley Ocean Plastic plan which uses plastic waste from the oceans to create recycled shoes. . Market products that evoke sustainable choices from consumers.

Sustainability 210

Sustainability Collaboration Strategy Suppliers 210

Procurement Heads

JUNE 28, 2022

Great businesses have always looked to procurement for a balanced scorecard across the strategic planning cycle. I do think there is one angle that is interesting to see how it is going to play out and that is the combination of innovation and responsible, environmental, ethical sourcing.

Chief Procurement Officer 130

Chief Procurement Officer Supply Chain Optimization supply chain budgeting Innovation 130

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. Unlike traditional sourcing, which usually aims to find the lowest cost option and looks at the bigger picture.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 40

Supply Chain Opz

JUNE 23, 2013

So there are some points need to be highlighted, - Value Chain is a strategic planning tool and it is centered around the focal company. Only 9 of out 20 articles cite Porter as the source of the concept (only 3 of them explain the concept appropriately, the rest of them do value system analysis using unknown methodology).

Agile and Lean Supply Chain 93

Agile and Lean Supply Chain Supply chain Supply Supply chain management 93

IBM Supply Chain Blog

JUNE 29, 2023

Learn more about IBM Planning Analytics Integrated business planning framework Integrated Business Planning (IBP) is a holistic approach that integrates strategic planning, operational planning, and financial planning within an organization. Making up the IBP framework are six key pillars: 1.

supply chain software solutions 76

supply chain software solutions Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization 76

Procurement Leaders

MARCH 6, 2023

Since the outbreak of Covid-19, the function has been called upon to ensure continuity of supply, source essential safety equipment, tackle the challenge of soaring prices and ensure that logistics routes continue to flow.

supply chain budgeting 189

supply chain budgeting Suppliers Risk Procurement 189

Una

MARCH 6, 2023

Innovation” can simply mean finding smarter ways to do things by tweaking a process, removing waste, or speeding up time-to-source. The exciting part is that automation frees up your team for big-picture projects, supplier relationship management, strategic planning, and continuous improvement.

Purchasing 98

Purchasing Innovation Agile and Lean Supply Chain Supplier relationship management 98

SCMDOJO

JUNE 27, 2024

Impact of Political Stability in Oil-Producing Regions Political instability in key oil-producing regions can disrupt supply lines and inflate costs, necessitating robust contingency planning and diversification of supply sources.

Supply Chain Efficiency 98

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

Let's Talk Supply Chain

NOVEMBER 16, 2022

More now than ever, brokerages understand the importance of strategic planning and positioning themselves to handle whatever comes next. Unfortunately, many brokers don’t strategically approach building their carrier network proactively.

Price 98

Price Networking supply chain software solutions Strategic planning 98

Procurement Templates

DECEMBER 28, 2023

Neom actively involves manufacturers in infrastructure planning, ensuring alignment with operational requirements. And right alongside all those amazing development plans–the strategic planning, compliance efforts, and nitty gritty contract and execution details to be ironed out.

Sustainability 113

Sustainability Strategic planning Innovation Procurement 113

Procurement Heads

JUNE 20, 2023

We do have certain limitations with some of our customers about where we can source goods. We have a five-year strategic plan, and it now encompasses all of supply chain. But we also, from a continuity of supply perspective, need to be thinking around what if supply from certain countries is no longer flowing? Are we prepared?

Supply Chain Efficiency 244

Supply Chain Efficiency Supply chain Procurement Import 244

ivalua

JANUARY 12, 2023

Further, the right solution can integrate data from various systems and sources of data to expose organization wide insights that can drive strategic planning and generate considerable value. . Adopting Automation .

Strategy 130

Strategy Real-time Visibility Procurement Procurement team 130

SCMDOJO

APRIL 3, 2022

Introduction to Strategic Sourcing. . Retrieved from Future of Sourcing: [link]. Data-driven telecommunication operations and services have become the business standard, and electronic procurement platforms are streamlining and automating the purchasing process. It’s time for the Auctioneer to take the stage! 2021, 1 8).

Supply Chain Efficiency 141

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 141

SCMDOJO

APRIL 4, 2023

To accomplish this, supply chain analytics collects, analyzes, and synthesizes data from a wide variety of sources. This involves examining and enhancing processes like sourcing, manufacturing, logistics, inventory management, and delivery.

Supply Chain Analytics 111

Supply Chain Analytics supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 111

Pipefy

DECEMBER 20, 2023

Strategic procurement, or procurement strategic planning, is a data-driven process that helps businesses align procurement and business goals. What is strategic procurement? This also leads to more advantageous strategic sourcing. Business needs identification to better align sourcing strategies.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Strategic planning 52

Una

SEPTEMBER 22, 2022

A guide to IT procurement for navigating the complex IT sourcing process in a way that drives organizational efficiencies and improves your bottom line. Have procurement be a part of IT's planning cycles with monthly or quarterly touch points and proactively show IT what the function is capable of. IT Procurement Best Practices.

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98

IBM Supply Chain Blog

MAY 6, 2024

It helps them determine where to start their modernization initiatives and how to prioritize, organize and plan to see the value of this investment. This alignment is critical to enterprises that run their core operations on SAP ECC for years.

Change management 67

Change management Strategic planning Sustainability Strategy 67