NLPA (Next Level Purchasing Association)

SEPTEMBER 13, 2021

Finding new sources. There are many sources available for finding potential new suppliers. If your company deems it important to consider special categories of suppliers in its sourcing activities, be sure to expend a reasonable amount of effort to identify potential suppliers in any of these categories.

Supply market 52

Supply market Bidding Supply Suppliers 52

Procurement Tactics

APRIL 17, 2023

If they are selling to you unethically sourced materials, then you risk losing your credibility in striving for sustainability. Thus, you are assured that what you are purchasing from them is ethically sourced. Thus, it is important to choose your suppliers wisely. Do you want to learn more about sustainable suppliers? Enroll now!

Sustainability 182

Sustainability Suppliers Influencing Purchasing 182

Spend Matters

MARCH 11, 2025

It can change where you source your goods, the way you engineer your goods, how you know who you’re procuring from, where your supply chains traverse and what types of duty deferral program you do or don’t set up.

Supply Chain Optimization 79

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 79

Jaggaer

OCTOBER 24, 2024

Decision-makers must plan supply chain resilience strategies for a wide range of risk scenarios. These include crises such as the 2020 pandemic as well as structural changes in supply markets like the effect of domestic electric vehicle (EV) loans and subsidies on critical metals availability.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Jaggaer

SEPTEMBER 8, 2020

JAGGAER understands the traditional roadblocks to spend management and how important it is to gain insight into operational ineffectiveness in order to improve your sourcing success. Identify all the sources available for your spend data, from all of your departments, plants and business units. Step One: Identify. Step Six: Analyze.

Eprocurement 123

Eprocurement Buyers Purchasing Contract 123

Procurement Heads

OCTOBER 17, 2022

Procurement doesn’t just buy from supply markets, procurement shapes markets. It could go a number of ways, I think the dominant way in which it is going at the moment is supply market concentration, which is concerning. Technology also adds a lot of potential bias to our sourcing choices.

Supply Chain Efficiency 278

Supply Chain Efficiency Supply chain Sustainability Procurement 278

Spend Matters

SEPTEMBER 26, 2024

While these circumstances have brought a tremendous opportunity for the procurement function to position itself as not just a ‘cost-cutter’ but a potential source of competitive advantage, they also brought a number of challenges.” Simple financial checks at the time of validation of a supplier/third-party don’t cut it anymore.

Risk management 117

Risk management Risk Management Procurement 117

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

ivalua

JANUARY 31, 2022

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. More on that here.

Procurement 130

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

Spend Matters

OCTOBER 11, 2022

Now, procurement professionals are tasked with servicing the complex sourcing requests from numerous stakeholders addressing new regulatory compliance requirements to furthering their organization’s ESG commitments, to name a few. The solution to this conundrum is not a traditional S2P suite or best-of-breed application.

Procurement 98

Procurement Category management Procurement team Risk management 98

Procurement Leaders

JUNE 20, 2023

As such, we tend to see the maturity of categories evolve as the business gradually realises the value of strategic sourcing. Evolving category maturity in procurement First, directs and commodified markets are subject to greater oversight and control. This often occurs in a (relatively) consistent order.

Procurement team 147

Procurement team Procurement Influencing Buyers 147

Procurement Tactics

JUNE 7, 2023

Additionally, a sustainable procurement strategy allows businesses to ensure that the products and services that they will source have no negative environmental and social impacts. It allows them to push for sustainability while also ensuring that the company meets its goals and objectives, as well as increasing its profits.

Procurement strategies 171

Procurement strategies Sustainability Strategy Procurement 171

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

ivalua

MARCH 28, 2019

capturing and exploiting innovation from supply markets and individual suppliers becoming a top priority for organisations and therefore procurement functions.

Procurement 167

Procurement Agile and Lean Supply Chain Real-time Visibility Innovation 167

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. Yet, too few businesses do so well.

Suppliers 130

Suppliers Management Supply Chain Efficiency Collaboration 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

SCMDOJO

APRIL 26, 2023

Category management may involve the splitting of products (goods or items) or services or may relate to the dissecting of products or services by value, supplier, type, or volume into various categories to allow for easy management and sourcing. Sourcing decisions also play a role in the categorization of items or services.

Category management 108

Category management Management Supplier relationship management supply chain software solutions 108

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

Spend Matters

MARCH 27, 2024

At Spend Matters, chief research officer and managing director, Pierre Mitchell, echoes that: “For procurement, Gen AI, and the technology around it, is basically a supply market like any other where the technology is used in concert with other supply markets. And as Pierre explained, AI is a supply market.

Procurement 112

Procurement Negotiation Supply Chain Efficiency Supply Chain Optimization 112

Procurement Leaders

MARCH 26, 2024

By allowing suppliers to contribute directly to product/part design, the buying organisation can connect to diverse knowledge sources more effectively, as long as it retains control over the architecture and interface design.

Suppliers 130

Suppliers Product development Supply Chain Efficiency supply chain budgeting 130

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. This is not easy given the current volatility in supply markets.

Suppliers 40

Suppliers Sourcing Management Supply Chain Efficiency 40

CPO Rising

FEBRUARY 23, 2024

The analysts spend hours discussing key learnings from their different market research surveys, as well as the highlights from their […] For more than a decade, Ardent Partners’ senior analyst team has gathered in Boston for a multi-day company strategy and planning meeting.

Buyers 40

Buyers Supply market Strategy Procurement 40

Una

NOVEMBER 7, 2022

Research from OECD found that companies “get their most significant ideas for innovative products, services, and processes from outside the business” – with one of the most important outside sources being your supply base. Una’s team of Sourcing Advisors is here to help. Run innovation workshops. Get in Touch.

Innovation 93

Innovation Procurement Suppliers Purchasing 93

Procurement Heads

APRIL 26, 2023

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. Therefore, we need to ensure that we have a competitive supply chain, obviously, but more importantly that we drive a safe and sustainable supply chain.

Agile and Lean Supply Chain 130

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

Procurement Heads

APRIL 26, 2023

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. Therefore, we need to ensure that we have a competitive supply chain, obviously, but more importantly that we drive a safe and sustainable supply chain.

Agile and Lean Supply Chain 130

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

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. Procurement was once a transactional function focused on supply continuity.

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

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 is the process of collecting and collating the data of key drivers that impact the supplies as well as product prices.

Category management 52

Category management Management Procurement Market analysis 52

SCMDOJO

FEBRUARY 13, 2023

Supporting the organization’s goals through effective strategies: The procurement team supports the organization by monitoring supply markets and trends, identifying critical materials, and developing effective procurement strategies to increase competitiveness.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

Jaggaer

MARCH 23, 2020

And even if you got that far, you would also need to understand the underlying data and how to extract the subsets you needed from the data source. AI-assisted smart assistants now enable user to go beyond simple click-through self-service to guide you through model selection, insight explanation etc.

Procurement 78

Procurement Data Sourcing supply chain software solutions 78

Barkers Procurement

JANUARY 8, 2023

Category management is a long-term, strategic approach to procurement in which certain employees or teams of employees are responsible for procuring specific types of items, such as IT equipment, office supplies or construction materials. Strong supply market knowledge. Below is a look at these principles in more depth.

Category management 52

Category management Management Market knowledge Stakeholder engagement 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

FEBRUARY 24, 2020

Sourcing based on volume and supply across the business. Typically strategic to achieve lower unit prices and supply chain optimisation. Marketing campaigns are also project based activities. Making it more sensible to source within a project framework. Project based automation for Sourcing through to Payment.

Procurement 41

Procurement Purchasing Suppliers Sourcing 41

Barkers Procurement

JUNE 8, 2023

Do you want to understand sourcing at a granular level to spot savings opportunities? Identify information sources Establish all the different sources available for your data. Categorise office supplies, marketing, travel, legal, direct and indirect expenditures so you can form a category strategy and make some savings.

Procurement 52

Procurement Suppliers Data Purchasing 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.

Suppliers 52

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

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. Sourcing based on volume and supply across the business. Typically strategic to achieve lower unit prices and supply chain optimisation. Category Management.

Procurement 41

Procurement Supply Chain Efficiency Purchasing Category management 41

Supply Chain Game Changer

NOVEMBER 24, 2018

His job involved buying, negotiating, contracts, overseas travel, sourcing, suppliers, parts, services, managing, supplier qualification, product qualification, terms and conditions, quality issues and delivery problems. When I was young I thought I had a somewhat clearer understanding of what my Dad’s Purchasing job was.

Purchasing 62

Purchasing Procurement Purchase orders Supply Chain Optimization 62

Positive Purchasing

MAY 19, 2022

There is a tremendous opportunity to digitize and automate most, if not all, data collection: external supply market insights, internal data, perspectives from stakeholders, and other intelligence. Of data sources? Automating category management. All that insight is great, but what are you going to do with it?

Category management 52

Category management Management Procurement Strategy 52