Remove Sourcing Remove Strategic sourcing Remove Supply Chain Visibility
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Strategic sourcing enters a new age. Are you keeping up? (Part 2)

ivalua

In last week’s blog , I began discussing telltale signs that you have entered the new age of strategic sourcing. Leading manufacturers have proven that best-in-class strategic sourcing can create measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability.

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Navigating the Top 3 Procurement Challenges in 2025

Jaggaer

However, simply cutting costs isnt a sustainable strategy CPOs must move beyond tactical price reductions and embrace strategic cost management. Solutions: Strategic Sourcing: Move beyond transactional purchasing and embrace strategic sourcing.

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Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience

ivalua

Below, we list 8 steps that manufacturers can take to build a more resilient supply chain in a post-covid world. Work to achieve 100% supply chain visibility. Why is visibility so important? Digital transformation will lead to the evolution and digitization of key procurement processes, from source-to-pay.

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ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain

ivalua

For example, a single-stack approach can lead to low user adoption, because the incumbent sourcing solution, for example, fails to meet the needs of various business units. . This capability is not available in any ERP, but a best-in-class supply chain solution will provide dozens of models for you to shape your usage for the future.

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Webinar Recap: Procurement 2022, Big Trends and Predictions

ivalua

How can we mitigate technical, logistical, weather-related, and demand-driven supply chain disruptions? Organizations must shift focus toward strengthening their procurement processes and procedures to gain 100% supply chain visibility. Digital Transformation is the Top CPO Priority. More on that here.

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Building Stronger Relationships: Effective Approaches to Multi-Tier Supplier Collaboration

Jaggaer

Enhancing collaboration pays off, both by increasing transparency with suppliers and improving the bottom line through multi-tier supply chain visibility. Analytics also help you better evaluate potential suppliers, pinpoint cost-saving opportunities, and strengthen future sourcing strategies.

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Supplier Collaboration and Coordination. Who’s Your Role Model?

ivalua

Early collaboration among engineering, sourcing, and suppliers brings better ideas to the table in terms of product design, features, and costs. Time to market also improves substantially due to fewer changes in design and more efficient sourcing. Suppliers are always looking to hide sources of cost. Conclusion.