ivalua

NOVEMBER 27, 2019

That is hardly optimal given the diversity of products, services and supply partnerships in place at most companies. That creates the opportunity to introduce new suppliers and pricing models, opening the door to greater efficiency and a true competition of ideas.

Strategic sourcing 113

Strategic sourcing Strategic sourcing Sourcing Suppliers 113

Supply Chain Game Changer

NOVEMBER 13, 2018

Drive a thorough understanding of both the supply market and internal company requirements. Today’s uncertain and volatile markets make agility and change inevitable as well as essential. With some suppliers, it’s also possible to use strategic sourcing projects to optimize total cost of ownership.

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

Spend Matters

NOVEMBER 2, 2023

Beroe for supply market intelligence) that’s woven into the solutions to enhance better decision making. The 2024 roadmap does however have some interesting focus beyond GenAI to also include spend channel optimization, exception handling (with feedback/learning) and other areas. using RAG ).

Networking 105

Networking Spend management Suppliers Supply Chain Optimization 105

Procurify

JULY 20, 2022

Companies that adapt to supply chain volatility can swim against the tide. . With the current state of supply chains, purchasing managers need transparent market and supplier intelligence. A lack of supply market and supplier visibility impacts company spending, negotiations, supplier partnerships, and more.

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 52

Spend Matters

FEBRUARY 13, 2025

This focus and track record however, was in some ways at the expense of fully optimizing and maximizing procurements total strategic value to the enterprise as a whole. The historical approach focused on reacting to operational elements, like a plant being short of potatoes, instead of demand driven supply management processes.

Influencing 64

Influencing Procurement supply chain budgeting Strategic sourcing 64

TYA Suite

NOVEMBER 25, 2024

Strategic-sourcing uses this data to make smarter choices that improve cost efficiency. In the second step, companies use strategic sourcing to research the supplier market. This approach can lead to poor choices that may impact product quality and supply chain stability. What Is the main focus of strategic sourcing?

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 40

Una

JUNE 8, 2023

We need to focus on those that are critical for maintaining a reliable supply chain, optimizing costs, driving innovation, improving efficiency , and supporting strategic objectives. The focus for these items is usually on building strong relationships with suppliers and ensuring a stable supply chain.

Suppliers 52

Suppliers Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 52

Empowering CPO

JULY 2, 2023

This approach allows businesses to leverage the expertise of procurement specialists to streamline operations, optimize supplier relationships, and most importantly, reduce costs. As companies grapple with economic uncertainties and rapidly evolving market dynamics, the focus is shifting from mere cost-cutting to strategic cost management.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40