ivalua

NOVEMBER 27, 2019

So what does “good” strategic sourcing look like? The primary difference between Strategic Sourcing and “good” Strategic Sourcing is contextualized flexibility. Procurement must be able to apply the general principals of Strategic Sourcing in a way specific enough to maximize the value of each spend category.

Strategic sourcing 113

Strategic sourcing Strategic sourcing Sourcing Suppliers 113

ivalua

MAY 18, 2022

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. Gain control of your supplier data.

Suppliers 130

Suppliers Management Supply Chain Efficiency Collaboration 130

Procurement Tactics

APRIL 17, 2023

Also, it can help improve the company’s financials by using the resources efficiently. Thus, they help you to achieve sustainability by reducing your purchasing impacts through your supply chain. If they are selling to you unethically sourced materials, then you risk losing your credibility in striving for sustainability.

Sustainability 182

Sustainability Suppliers Influencing Purchasing 182

ivalua

JANUARY 31, 2022

Enterprises will continue to undergo the financial burden of revenue disruptions, consumer , and uncontrolled supply chain variables. . Disruptions in global supply chains, labor market shortages, strong consumer demand. The Criticality of the Supply Chain (and Suppliers). What can we expect in 2022?

Procurement 130

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

SCMDOJO

APRIL 26, 2023

It involves segmenting spending into areas that contain similar or related products, allowing for a focused approach on categories that offer opportunities for consolidation and efficiencies. Sourcing decisions also play a role in the categorization of items or services. What will a Category Management plan entail?

Category management 108

Category management Management Supplier relationship management supply chain software solutions 108

Procurement Leaders

MARCH 26, 2024

For many procurement and supply chain leaders, it is standard practice to involve suppliers early when developing new products and services. Part of the explanation was the then famous ‘Toyota Production System’, an approach to organising manufacturing and logistics efficiently and without waste. But does it work?

Suppliers 130

Suppliers Product development Supply Chain Efficiency supply chain budgeting 130

Una

MARCH 30, 2023

In episode 100 of The Sourcing Hero podcast, our host Kelly Barner reels off a list of not-so-flattering nicknames for procurement she’s encountered that would make any purchasing professional wince. That’s why we’re urging the profession to expand the focus beyond cost to unearth other sources of value. Great question!

Procurement 104

Procurement Supply Chain Efficiency Procurement team Sustainability 104

Future Purchasing

OCTOBER 4, 2022

Category management is the strategic end-to-end process for managing categories of related supplier spend that aligns business goals and requirements with supply market capability. Value is usually secured via three implementation routes – internal business change, supplier management and sourcing. Business requirements.

Category management 59

Category management Strategic sourcing Strategic sourcing Sourcing 59

Procurement Heads

APRIL 26, 2023

I studied procurement and obtained a Master’s degree in supply chain and international procurement. I found the unique role that procurement plays in being at the heart of a business’ strategy as well as at the very source of its operational performance really interesting. How did you get into procurement?

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Procurement Heads

APRIL 26, 2023

I studied procurement and obtained a Master’s degree in supply chain and international procurement. I found the unique role that procurement plays in being at the heart of a business’ strategy as well as at the very source of its operational performance really interesting. How did you get into procurement?

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Zycus Cognitive Procurement

JANUARY 12, 2021

What is Source to contract? Source to contract (S2C) refers to the set of procurement processes that come into play while sourcing a product or service. How is Source to contract affected during a crisis? How is Source to contract affected during a crisis? 2] Collaborative Sourcing.

Contract 52

Contract Sourcing Chief Procurement Officer Contract management 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. 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

Spend Matters

MARCH 27, 2024

So where and how is this great leveller of procurement effectiveness being used in the real world (the practical) and how is it viewed by the CPOs and heads of procurement and supply chain who are on the front line fighting the daily efficiency battle. That takes leaders. It can be hard for the user to know the difference.” “On

Procurement 112

Procurement Negotiation Supply Chain Efficiency Supply Chain Optimization 112

Spend Matters

NOVEMBER 2, 2023

Beroe for supply market intelligence) that’s woven into the solutions to enhance better decision making. We were also happy to learn about the network-intelligence powered opportunity analytics from SAP’s incubator venture Source Agent that is slated for inclusion into the base edition of the planned Spend Control Tower solution.

Networking 114

Networking Spend management Suppliers Supply Chain Optimization 114

SCMDOJO

FEBRUARY 13, 2023

To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supply chain management. They also manage the organization’s supply base to ensure coordination and efficiency.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

Supply Chain Game Changer

NOVEMBER 13, 2018

As companies seek to discover ways to increase overall excellence and competitiveness, a new source of value has emerged – Strategic Sourcing. What is Strategic Sourcing? Strategic Sourcing does exactly the same by addressing the total cost. A Paradigm Shift in the Procurement Function. So what are the new realities?

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

Jaggaer

JULY 23, 2019

More than virtually any other sector, sourcing and supplier management in the fashion industry have been exposed to intense scrutiny in recent years, while the functions have become of increasingly strategic importance to business success. Supply chains are multi-tiered and therefore difficult to manage.

Suppliers 40

Suppliers Sourcing Management Supply Chain Efficiency 40

Claritum

MARCH 10, 2020

The sourcing of products and/or services within the Category; the management of suppliers associated with the category; and strategic planning for this category. Focusing by category allows optimisation of the supply chain for that specific category. Supplier and Market research. Project Procurement.

Procurement 41

Procurement Supply Chain Efficiency Purchasing Category management 41

Procurify

JULY 20, 2022

Companies that adapt to supply chain volatility can swim against the tide. . With the current state of supply chains, purchasing managers need transparent market and supplier intelligence. A lack of supply market and supplier visibility impacts company spending, negotiations, supplier partnerships, and more.

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 52

Una

JUNE 8, 2023

In this article, we explore the factors that make a supplier strategic, touch on the popular Kraljic Matrix, and gain some valuable insights on strategic suppliers from Chandhrika Venkataraman, a former guest on The Sourcing Hero podcast. Top left] Leverage items: These items have a high profit impact and a low supply risk. [Top

Suppliers 52

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

Sourcing and Supply Chain

JUNE 24, 2021

Later on, it is categorically understood that for multiple sources of consumption or multi factory plants, sourcing a similar product by different persons may lead to consumption of more time, money, and resources. It maximizes value, efficiency, quality, and innovation, as well as mitigating risk. Demand management.

Category management 52

Category management Management Procurement Market analysis 52

Procurement Heads

DECEMBER 16, 2022

We now support the whole supply chain really from the initial sourcing activity right the way through to contract termination, so the whole lifecycle. What are the main challenges that you and your team are currently facing? You are working as an important part of an overall business who you need to work with.

Contract 130

Contract Procurement Sustainability Purchasing 130

Claritum

MARCH 10, 2020

The sourcing of products and/or services within the Category; the management of suppliers associated with the category; and strategic planning for this category. of responsibility for their organisation’s application of the category – especially for direct categories that support strategic supply lines.”. Supplier and Market research.

Procurement 32

Procurement Supply Chain Efficiency Category management Purchasing 32

Planergy

AUGUST 16, 2022

Supplier development is an important part of a company’s overall supply chain management strategy and is essential for ensuring that the right suppliers are selected to deliver quality products and services. This can be done by being transparent and honest with suppliers, as well as by sharing information and ideas freely.

Suppliers 52

Suppliers Management supply chain budgeting Supplier relationship management 52

Empowering CPO

JULY 2, 2023

As companies grapple with economic uncertainties and rapidly evolving market dynamics, the focus is shifting from mere cost-cutting to strategic cost management. In this context, Managed Procurement Services offer an effective path to achieve this objective, leveraging innovation, process efficiency, and expert insights.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Claritum

JUNE 13, 2019

To my mind, your challenges depend on where you are in transformational change within your organisation, the scope of your function within Procurement and the nature of the organisation’s supply chain. For example, is your focus on strategic long-term supply relationships to support your manufactured product? Speed of supply.

Procurement 32

Procurement Supply Chain Efficiency Raw materials supply chain software solutions 32