NLPA (Next Level Purchasing Association)

SEPTEMBER 13, 2021

Particularly with Strategic Sourcing Opportunities, you must be careful with supplier selection. The post Supply Market Survey and Analysis appeared first on Next Level Purchasing Association (NLPA). Ferret out incapable suppliers early – it only gets more difficult later.

Supply market 52

Supply market Bidding Supply Suppliers 52

ProcurePort

MAY 26, 2022

• The sourcing function within any organization is part of the broader procurement efforts. The sourcing function ensures that the organization is getting its products from the most suitable suppliers. • An effective sourcing strategy considers […].

Sourcing 130

Sourcing Influencing Supply market Suppliers 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. A Paradigm Shift in the Procurement Function.

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

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

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

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

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

SCMDOJO

APRIL 26, 2023

Steps to Keep in Mind when Implementing a Category Management Strategy Know your supply market and product positioning to leverage spending and create opportunities. Well, in-depth knowledge of the supply market will inform the best category management strategy.

Category management 108

Category management Management Supplier relationship management supply chain software solutions 108

Sourcing and Supply Chain

JUNE 24, 2021

Unlike strategic sourcing, category management takes a proactive instead of a reactive approach to sourcing activity that provides detailed insight into factors affecting the price of a service or good. It works both in terms of strategic and operational points of view as shown in the above figure. Demand management.

Category management 52

Category management Management Procurement Market analysis 52

Empowering CPO

JULY 2, 2023

Modern procurement services encompass a wide range of activities such as strategic sourcing, category management, contract negotiation, risk management, and supplier relationship management. It plays a vital role in ensuring smooth operational continuity by securing the required resources and managing the supply chain effectively.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

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

Procurify

JULY 20, 2022

A lack of supply market and supplier visibility impacts company spending, negotiations, supplier partnerships, and more. That’s why purchasing teams must ensure they have accurate and timely information about the supply market and suppliers. . In 2020, 41% of procurement leaders found their supplier data inadequate.

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 52

HICX

AUGUST 4, 2022

Caption: Adam Brown, Procurement Strategy & Transformation, Maersk; Carmen Erhardt, Head of Digitalization, Henkel; Anthony Payne CMO, HICX; Ragnar Lorentzen, CCO, HICX; Nils Andersson, Senior Manager – Head of Strategic Sourcing Process, Orkla; and Aleks Hajdas PTP Program Lead, JTI share their views on Supplier Experience.

Suppliers 52

Suppliers e2e Real-time Visibility Collaboration 52

The Good Spending

AUGUST 17, 2023

In our earlier posts, we used to praise strategic sourcing. A sourcing strategy is at the core of strategic sourcing. This post will look at a sourcing strategy from an uncommon perspective, trying to prove its vital importance for the procurement profession.

Sourcing 52

Sourcing Strategy Import Strategic sourcing 52