Remove Strategic sourcing Remove Suppliers Remove Supply Chain Visibility
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Strategic sourcing enters a new age. Are you keeping up? (Part 2)

ivalua

In last week’s blog , I began discussing telltale signs that you have entered the new age of strategic sourcing. Leading manufacturers have proven that best-in-class strategic sourcing can create measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability.

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Building Stronger Relationships: Effective Approaches to Multi-Tier Supplier Collaboration

Jaggaer

Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Tier 1 suppliers and their suppliers—and their supplierssuppliers—make up an organization’s multi-tier supply chain.

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Navigating the Top 3 Procurement Challenges in 2025

Jaggaer

Generating More Value: The Relentless Pursuit of Spend Cost Reduction For the second year running, reducing supplier spend remains a top priority for procurement organizations in this years Hackett Group Report. Solutions: Strategic Sourcing: Move beyond transactional purchasing and embrace strategic sourcing.

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Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience

ivalua

As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these. Work to achieve 100% supply chain visibility. Why is visibility so important? Create speed and transparency.

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Supplier Collaboration and Coordination. Who’s Your Role Model?

ivalua

But one critical area remains in need of significant attention … the need for better supplier collaboration AND internal teamwork. Early collaboration among engineering, sourcing, and suppliers brings better ideas to the table in terms of product design, features, and costs. Suppliers are always looking to hide sources of cost.

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ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain

ivalua

They may not consider potential issues of integrations, supplier onboarding, supply chain data management, change management and system optimization, all of which add to complexity and costs. Implementation is challenging: Healthcare organizations tend to underestimate what’s involved with successful implementation.

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Webinar Recap: Procurement 2022, Big Trends and Predictions

ivalua

The Criticality of the Supply Chain (and Suppliers). Building and maintaining supply chain resilience will be critical in a post-Covid-19 world. How can we mitigate technical, logistical, weather-related, and demand-driven supply chain disruptions? More on that here. The Best Way Forward for 2022.