Remove Spend management Remove Strategic sourcing Remove Supply Chain Optimization
article thumbnail

Strategic Sourcing Success – Techniques Deployed by Leaders in S2P

Jaggaer

Strategic Sourcing Success: Best Practices and Key Strategies Of course, there are many definition s of source-to-pay but put simply, strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. How Has Strategic Sourcing Evolved?

article thumbnail

Rev Group Partners with Consus Global to Drive Supply Chain Efficiencies

ivalua

REV Group embarked on its sourcing and procurement transformation earlier this year, which included four appointments to REV’s global sourcing and supply chain team, representing the Fire & Emergency, Commercial and Recreation segments. Benefits include: Shortened sourcing cycle times. ABOUT CONSUS GLOBAL.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Using Digitization to Unlock Supply Chain Value for Manufacturers

ivalua

Procurement needs digitization at its core to enable automation, efficiency, and innovation within the supply chain. These platforms bring key stakeholders together to address customer expectations, regulation compliance, supply risks, and much more. Digitization Benefit #2: Strategic Sourcing Alignment.

article thumbnail

Expanding the influence and impact of Procurement

Spend Matters

This focus and track record however, was in some ways at the expense of fully optimizing and maximizing procurements total strategic value to the enterprise as a whole. This meant that implementing one of the full end-to-end spend management suites was not feasible from a cost and change management perspective.

article thumbnail

How to Improve Your Indirect Spend Management Strategy

Procurement Express

When you’re comparing direct and indirect spend, half the battle comes down to managing changes in the supply chain. They streamline expense reports, improve supply chain management, and prioritize operational efficiency to stay ahead. Create vendor and supplier expense management policies.

article thumbnail

What is Source to Pay? Steps, Benefits, and Best Practices

Jaggaer

But before this can happen someone has to identify suitable vendors to secure goods and services at the best value (not necessarily the lowest price) within a variety of constraints (risk management, ESG and regulatory factors etc.). Strategic sourcing: The word strategic is added for good reason.

article thumbnail

Scandinavian Tobacco Group Goes Live with Ivalua’s Platform to Accelerate Procurement Digital Transformation

ivalua

Massy, France 05 July , 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that Scandinavian Tobacco Group (STG) has selected and implemented its platform as the foundation for its procurement digital transformation. Ivalua is a leading provider of cloud-based Spend Management solutions.