Jaggaer

FEBRUARY 5, 2025

Complete Source to Pay cycle and Strategic Sourcing Guide An optimized Source-to-Pay (S2P) process helps businesses enhance procurement efficiency, reduce costs, and improve supplier collaboration. What is Source-to-Pay? A well-executed S2P strategy reduces costs, increases visibility, and ensures compliance.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Real-time Visibility 52

ProcurePort

SEPTEMBER 28, 2022

• In today’s business environment, a strategic sourcing strategy is critical for optimal operations. Strategic sourcing takes a long-term and proactive view of a company’s purchasing activities. The post 7 Key Trends of Strategic Sourcing appeared first on ProcurePort Blog.

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Strategic sourcing Strategic sourcing Sourcing Purchasing 130

ProcurePort

JULY 1, 2021

The strategies and tactics that procurement professionals develop and choose to implement often affect one another. Constructing a strategy out of complimentary tactics, then, is a good way to optimize value […]. Constructing a strategy out of complimentary tactics, then, is a good way to optimize value […].

Strategic sourcing 130

Strategic sourcing Strategic sourcing Category management Sourcing 130

ProcurePort

APRIL 13, 2021

When it comes to procurement efforts there is an entire library of information on tactics, strategies, and practices. Two of the most common supplier-management strategies in the history of procurement are category management and strategic sourcing. Both are valid options of developing […].

Strategic sourcing 130

Strategic sourcing Strategic sourcing Category management Sourcing 130

Una

NOVEMBER 1, 2022

Benefits of Strategic Sourcing and Best Practices. In doing so, procurement professionals are ascending the corporate stairs to have a more visible seat in their business’s strategic sourcing. Strategic sourcing best practices. Here are four best practices for strategic sourcing: 1.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

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.

Strategic sourcing 113

Strategic sourcing Strategic sourcing Sourcing Suppliers 113

Procurement Templates

NOVEMBER 21, 2024

Mastering these skills not only optimizes procurement processes but also positions managers as strategic business partners. Detailed strategies for improving procurement skills Improving procurement skills involves a mix of education, practice, mentorship, and exposure to new tools and methodologies. Coursera, LinkedIn Learning).

Agile and Lean Supply Chain 130

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

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. Development of Procurement Strategy : Based on the assessment findings, organizations can develop a procurement strategy outlining the approach to be taken for acquiring the identified goods, services, or works.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

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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Strategic sourcing Strategic sourcing Business strategy Sourcing 97

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.

Strategic sourcing 95

Strategic sourcing Strategic sourcing Sourcing Supply chain 95

Spend Matters

NOVEMBER 5, 2024

Ongoing training is important for procurement teams to keep up with the constantly evolving and advancing procurement tech and services landscape, specifically in niche areas such as category management, supplier management, negotiation and strategic sourcing and in the broader areas of change management and leadership.

Procurement 110

Procurement Competitive analysis Strategic sourcing Strategic sourcing 110

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. Tom Reynolds / Robert Fretwell. 0207 436 0420.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Buyers 130

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.

Strategic sourcing 89

Strategic sourcing Strategic sourcing Sourcing Import 89

ProcurePort

MAY 17, 2022

• Strategic sourcing is a combination of activities aimed at aligning a company’s procurement spend with its overall objectives. The sourcing strategy balances numerous variables in supply chains as well as the various interests of internal […]. The post What is Sourcing Strategy and Why is it Important?

Sourcing 130

Sourcing Import Strategy Strategic sourcing 130

ivalua

JUNE 26, 2023

Vishal Patel and Peter Hunt delivered their session ‘Creating Value with Strategic Sourcing’ to discuss how Procurement professionals are recognizing that the fast-paced digital landscape of today demands new approaches to category management and strategic sourcing. The answer is simple – automation.

Supply Chain Efficiency 244

Supply Chain Efficiency Strategic sourcing Strategic sourcing Procurement 244

Procurement Templates

DECEMBER 11, 2024

Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Foster Strategic Alliances: Build long-term partnerships with suppliers through joint ventures and co-development projects. Savings can be cashable or non cashable i.e. cost avoidance.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

Procurement Tactics

MARCH 16, 2023

So without further ado, let us now delve into strategic procurement. What is Strategic Procurement? Strategic procurement is a crucial aspect for businesses across the globe as every organization wants to create an effective procurement strategy to ensure success and maximize value contribution.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

Spend Matters

APRIL 10, 2025

AI is the game-changer that allows procurement professionals to escape the cycle of transactional work and focus on what really moves the needle: strategic sourcing, supplier collaboration, and advanced analytics. Smaller teams, in particular, feel the squeeze and struggle to balance compliance, efficiency and innovation.

Supply Chain Efficiency 99

Supply Chain Efficiency Procurement Supply Chain Optimization Procurement team 99

Supply Chain Brain

OCTOBER 7, 2020

As organizations retool their supply chains for 2021, they have an opportunity to revisit their sourcing strategies, too.

Strategic sourcing 105

Strategic sourcing Strategic sourcing Sourcing Suppliers 105

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.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

Spend Matters

FEBRUARY 13, 2025

Utzs Procurement team had never focused on influencing budget owners in the corporate services area to strategically source their categories. Part of the teams strategy was to reorganize how Procurement engaged with all budget owners and influenced how we buy, what we buy across many other spend categories.

Influencing 101

Influencing Procurement supply chain budgeting Strategic sourcing 101

ivalua

MAY 30, 2023

Ivalua Spend Management Insights [ivory-search] 3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation May 30, 2023 | | Procurement Strategy by Sara Omer What is the Saudi Vision 2030 Program? Developing and executing category strategies is critical to effective strategic sourcing.

Eprocurement 49

Eprocurement Procurement Supply Chain Efficiency Supply chain resilience 49

IBM Supply Chain Blog

FEBRUARY 28, 2024

Sourcing is getting smarter. To start, many organizations have already pivoted from a tactical to a strategic sourcing mindset—which can make all the difference when it comes to gaining and retaining a competitive advantage. But now, the benefits of strategic sourcing are becoming even more attainable thanks to innovation.

Sourcing 94

Sourcing Strategy Supply Chain Efficiency e2e 94

ProcurePort

JUNE 29, 2022

• Robust and flexible procurement strategy can help you reduce operational and logistical experiences and equally serve as a competitive advantage. So, it’s advisable to put considerable time into designing a procurement strategy […].

Strategy 130

Strategy Sourcing Procurement Procurement strategies 130

Art of Procurement

MAY 16, 2024

Strategic sourcing is one of the foundations of modern procurement. The post How to Build A Strategic Sourcing Strategy (that Goes Beyond Category and Supplier Management) appeared first on Art of Procurement. When executed well, it’s about holistically managing the entire acquisition.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

Spend Matters

JANUARY 23, 2025

This, given the productivity constraints of modern strategic sourcing teams, means that they often must choose between refining the assumptions and calculations in their model and doing other things, like studying the broader market, building supplier relationships or solving tactical challenges like shortages.

Price 103

Price Negotiation supply chain software solutions Supply Chain Optimization 103

Spend Matters

AUGUST 4, 2022

However, creating a comprehensive strategy and plan to minimize fire potential is not a one-step process. Instead, efforts should be focused on implementing a new, multi-step sourcing approach that: Ramps up the volume of available resources to complete projects in unprecedented time frames. Read more. ).

Strategic sourcing 75

Strategic sourcing Strategic sourcing Sourcing Negotiation 75

Spend Matters

MARCH 8, 2023

Categories: Procurement Strategy & Planning , Procurement Systems & Architecture , Strategic Sourcing Tags: PRO In this Spend Matters PRO Vendor Analysis, we give an overview of akirolabs, a category strategy management solution built to support the transformation of procurement from a tactical function to the role of value orchestrator.

Strategy 98

Strategy Strategic sourcing Strategic sourcing Management 98

Jaggaer

JULY 4, 2024

Christian Heinrich, Co-Founder and Managing Director, c arbmee The 80% Challenge I was recently delighted to participate in a JAGGAER live webinar focused on the introduction, in recent years, of carbon emissions measurement as a factor in strategic sourcing. The objective of net zero carbon footprint is now familiar.

Strategic sourcing 59

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 59

ivalua

MAY 9, 2023

However, this strategy may lead to a lack of options and price volatility within the market. Prior to his time at Ivalua, Jarrod held various roles in category and supplier management—including strategic sourcing and procurement team management where he led teams to implement shared service procurement models and Source-to-Pay systems.

Procurement 246

Procurement Strategy Strategic sourcing Strategic sourcing 246

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. This intelligence empowers decision-makers to proactively adapt their sourcing strategies, ensuring resilience and agility in the face of market fluctuations.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

CPO Rising

SEPTEMBER 9, 2024

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

Strategic sourcing 52

Strategic sourcing Strategic sourcing Chief Procurement Officer Sourcing 52

SCMDOJO

MARCH 24, 2025

To develop cost-saving strategies, a company must first identify where it is falling short and where it has an advantage in savings. This is where Purchase Price Variance (PPV) plays a crucial role and as per Emiliani, (2010), helps strategy makers evaluate spending and create well-structured cost-saving strategies.

Price 69

Price Purchasing supply chain budgeting Raw materials 69

CPO Rising

SEPTEMBER 13, 2024

Fridays (in 2024) means that it’s time for another CPO Rising Listicle.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Chief Procurement Officer Sourcing 52

Procurement Tactics

JANUARY 13, 2023

Procurement success in 2023 with our Strategy Course. This is where you will discuss with other procurement professionals all strategies and options to streamline your procurement process. . Strategic sourcing manager. The strategic sourcing manager is responsible for high-value purchases.

Procurement 171

Procurement Chief Procurement Officer Strategic sourcing Strategic sourcing 171

SCMDOJO

FEBRUARY 21, 2025

Why Your Procurement Strategy is More Critical Now Than Ever Before In an era of global supply chain disruptions, a robust procurement strategy is no longer optionalits essential. The right procurement strategy ensures that organizations: Mitigate risks before they escalate. Supercharge your strategy! Download Now

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 59

Jaggaer

JULY 10, 2024

Category management: You can then take this enriched data and turn it into insights that help to inform and define executable category strategies. Supplier management: The next step is to break down category strategies into specific actions and initiatives with individual suppliers.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Bidding 52