article thumbnail

Want to be a Strategic Sourcing Rising Star? Think New Products.

ivalua

If you happen to be a strategic sourcing professional within the manufacturing industry, you probably are experiencing many challenging days at the office. See one of our latest white papers: NPI Success through Early Involvement ). The post Want to be a Strategic Sourcing Rising Star? Think New Products.

article thumbnail

Getting Procurement Out of The Digital Transformation Rabbit Hole, e.g., Cost Savings and Digitalization

Procurement Insights

What is worth noting is that back in 2007, the executive participants in a CPO Agenda Roundtable said that one strategic sourcing professional is worth ten run-of-the-mill buyers. Also, what buyer behaviors have they rewarded? Reference Link: [link] Geraint John , Kate Vitasek , Geoff Talbot and Dawn Tiura. So, what does this all mean?

professionals

Sign Up for our Newsletter

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

article thumbnail

SIG’s Procurement Technology Summit

Arkestro

They turned to Arkestro strategic sourcing software powered by AI. Download Now Spend Matters White Paper We are living in challenging times; companies are facing unprecedented challenges on multiple fronts. Supply scarcity and shortages, inflation, and supply chain disruptions are a few examples.

article thumbnail

Direct and Indirect Spending

NLPA (Next Level Purchasing Association)

After each classification, the procurement professional can develop a cost savings and sourcing strategy for each category. Do you need more information on how to analyze your spending (both direct and indirect spending), put together a savings strategy, conduct strategic sourcing, and save money for your organization?

article thumbnail

What is Spend Analysis?

Jaggaer

Other departments can also use this data to perform inventory management, budget and plan, and set a strategic sourcing roadmap. This data enables you to transform your procurement process from technical to strategic sourcing. Read our white paper! Download It Now. The post What is Spend Analysis?

article thumbnail

Unlocking Value Creation: The Evolving Role of Procurement

NLPA (Next Level Purchasing Association)

This data can inform strategic sourcing decisions, optimize costs, and identify new value-creation opportunities. The Learning site also includes learning resources, including live and on-demand webinars, publications and reports, articles, templates, white papers, and much more!

article thumbnail

Category Management in Procurement

NLPA (Next Level Purchasing Association)

Additionally, category management fosters a focus on strategic sourcing , allowing teams to explore new sourcing opportunities that align with business growth objectives. Strategic Sourcing: Develop a strategic sourcing strategy for each defined category.