ProcurePort

NOVEMBER 25, 2021

Strategic sourcing involves optimizing a school’s overall spending with few suppliers, going through the process of establishing contracts as a university or as one educational institution, as opposed to every department or school having to go through this process themselves.

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Procurement Templates

MARCH 3, 2024

I asked my assistant to help me mock up a strategic sourcing framework and she did a fairly good job but made a few mistakes. Can you spot the mistakes! She’s added in category analysis twice and then she added a RFQ before a PQQ which means the flow isn’t quite right.

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ProcurePort

MARCH 16, 2022

A strategic sourcing consultant is a person that helps other businesses to find the right suppliers for the items they need. In most cases, companies will engage a strategic sourcing consultant when sourcing from another country. It leads […]. It leads […].

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Una

NOVEMBER 1, 2022

Benefits of Strategic Sourcing and Best Practices. Let’s look at what strategic sourcing is, its best practices, and five key benefits: What is the difference between strategic sourcing and procurement? Strategic sourcing best practices. Here are four best practices for strategic sourcing: 1.

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ProcurePort

JULY 27, 2022

• Strategic sourcing is a practice in procurement that seeks to utilize a single, integrated process for purchasing and supply chain management. Strategic sourcing tailors data collection, spend analysis, negotiation, market research, and contracting to achieve profitability and efficiency in purchasing and supply chain management.

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ProcurePort

MARCH 3, 2021

The post Why do businesses need strategic sourcing? In biology, for example, it’s widely accepted that the very first organisms were single-cell organisms, the few arguments being that there was an even simpler organism that existed prior to that of the single-cell-organism. appeared first on ProcurePort Blog.

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ProcurePort

JULY 13, 2022

. • Companies cannot limit themselves to only sourcing from one supplier or market when value opportunities abound elsewhere. The post Global Procurement Services and Strategic Sourcing – ProcurePort appeared first on ProcurePort Blog.

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Procurement Freelancers

JUNE 10, 2023

To optimise an organisation’s supplier base, procurement experts employ strategic sourcing, a methodical, data-driven strategy.… … The post An Insight Into Strategic Sourcing first appeared on Procurement Blog | Procurement & Supply Chain News.

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ProcurePort

JULY 22, 2020

What is strategic sourcing? According to businessdictionary.com strategic sourcing is defined as “A method of managing procurement processes for an organization in which the procedures, methods, and sources are constantly re-evaluated to optimize value to the organization.” The post What is Strategic Sourcing?

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ivalua

MARCH 18, 2021

Massy, France 18 March , 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, and CKS BeNeLux today announced that Punch Powertrain has successfully deployed Ivalua’s platform to support the digital transformation of the strategic sourcing process.

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CPO Rising

SEPTEMBER 20, 2024

Ardent Partners believes that there are “four pillars” that should serve as the foundation for any strategic sourcing program.

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ProcurePort

JANUARY 29, 2020

In the same vein, the era of manual sourcing is eclipsing, while automated procurement solutions are evolving as a result of digital transformation. With the help of strategic sourcing solutions, businesses can maintain better relationships with strategic business partners, […].

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Art of Procurement

MAY 16, 2024

Strategic sourcing is one of those phrases that means different things to different people. The post Strategic Sourcing, Explained for Beginners appeared first on Art of Procurement. In the hundreds of Art of.

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ProcurePort

JULY 1, 2021

The post How to Improve Strategic Sourcing with Category Management appeared first on ProcurePort Blog. This is because there are certain tactics that pair well together, and when done correctly, each is elevated by the presence of the other.

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ivalua

AUGUST 12, 2021

The post Consero: Procurement & Strategic Sourcing Forum appeared first on Ivalua.

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ProcurePort

JULY 28, 2021

The post What is the Difference Between Strategic Sourcing and Contracts? They are two separate parts of the procurement process and they each have their own distinguishing features. It’s these differences that we are going to explore in this blog but let’s begin with a few definitions. What is […].

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CPO Rising

SEPTEMBER 9, 2024

We are happy to announce the official launch of Ardent Partners’ 2024 Strategic Sourcing Technology Advisor report.

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ivalua

OCTOBER 4, 2021

The post Crelan Digitizes Strategic Sourcing with Ivalua appeared first on Ivalua. “We look forward to contributing to Crelan’s success thanks to our significant expertise in helping our Financial Services sector customers reach their process optimization and regulatory compliance goals.”.

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Procurement Freelancers

FEBRUARY 14, 2023

Planning and strategy are necessary when sourcing goods from another nation. It is not like… The post Importance Of Strategic Sourcing Consultants first appeared on Procurement Blog | Procurement & Supply Chain News.

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ProcurePort

APRIL 13, 2021

Two of the most common supplier-management strategies in the history of procurement are category management and strategic sourcing. The post Category Management vs Strategic Sourcing – Breaking Down the Differences appeared first on ProcurePort Blog. Both are valid options of developing […].

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Una

AUGUST 31, 2023

Overcoming Challenges with Strategic Sourcing for SMEs Explore how strategic sourcing for SMEs can help procurement professionals overcome the unique challenges of operating a small business. Strategic Sourcing for SMEs The Human Factor in Strategic Sourcing Benefits of Strategic Sourcing 5.

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ivalua

DECEMBER 7, 2022

The post <strong>Bol.com Selects Ivalua to Digitalize Strategic Source-to-Contract</strong> appeared first on Ivalua. Learn more at www.ivalua.com. Follow us at @Ivalua. Global Media Contact. Corporate Communications media@ivalua.com.

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All Things Supply Chain

MARCH 16, 2022

With the advent of COVID-19 pandemic, supply chains and demand have been massively disrupted and are causing inventory issues, unclear delivery reliability, and a significant risk in single-source supplier circumstances.…

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ivalua

NOVEMBER 28, 2020

The post Consero – Procurement & Strategic Sourcing Virtual Forum appeared first on Ivalua.

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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. If Procurement follows a Strategic Sourcing process flow like a checklist, then all Strategic Sourcing projects will start and end in the same way.

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IBM Supply Chain Blog

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals.

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Art of Procurement

JUNE 26, 2024

One of the first things you need to do in a new strategic sourcing project is to assess the internal. The post How to Create a Category Profile for Strategic Sourcing appeared first on Art of Procurement.

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Art of Procurement

MAY 28, 2024

The post RFx Types in Procurement and Strategic Sourcing appeared first on Art of Procurement. If you work in procurement you’ve probably had to explain the difference between an RFP and an RFI more than.

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Una

AUGUST 21, 2023

The Human Factor in Strategic Sourcing How to allow for the human factor in strategic sourcing to drive the success of procurement process optimization and cost efficiency efforts. Strategic sourcing in procurement would be so easy if people weren’t involved!

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RPF360

JUNE 22, 2022

The post RFP360 ascends to a leading position in G2’s Grid for Strategic Sourcing appeared first on RFP360. Customer reviews highlight RFP360's benefits including improved efficiency, increased productivity and enhanced collaboration. Read more in the full press release here.

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Procurement Freelancers

NOVEMBER 7, 2023

Strategic sourcing is crucial in today’s ever-changing corporate environment. Strategic sourcing of commodities, services, and…

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Empowering CPO

FEBRUARY 11, 2024

Introduction In the ever-evolving landscape of procurement, organizations are turning to strategic sourcing services to navigate the complexities and achieve sustainable success. Building Robust Supplier Relationships Successful strategic sourcing extends beyond transactional interactions with suppliers.

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Una

OCTOBER 9, 2023

How to Implement a Strategic Sourcing Process A play-by-play manual showing how to implement a strategic sourcing process that aligns with your organization’s goals, optimizes spend, and creates long-term value. At its core, strategic sourcing formalizes the process of finding, assessing, and choosing suppliers.

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Supply Chain Brain

JULY 26, 2023

To be able to respond quickly to future supply chain disruptions, companies need to embrace strategic sourcing and inventory management.

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CPO Rising

SEPTEMBER 13, 2024

Each list will include a variety of procurement tips, trends, insights, research, lists, strategies, and/or recommendations designed to help… The post CPO Rising Listicle: 8 Reasons Why a CPO Needs a Strong Strategic Sourcing Operation appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.

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Supply Chain Dive

AUGUST 8, 2024

Guy Wagner will oversee the sourcing and distribution of GPO products and services for surgery, nursing and more.

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Procurement Freelancers

APRIL 22, 2023

Many professionals are always seeking ways to lower expenses while maintaining the highest quality of… The post Steps Followed By Strategic Sourcing Agents For A Comprehensive Business Strategy first appeared on Procurement Blog | Procurement & Supply Chain News.

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