Jaggaer

FEBRUARY 5, 2025

Mastering Strategic Sourcing: Efficiency and Cost Savings in Procurement Strategic sourcing is a data-driven approach that focuses on long-term supplier partnerships rather than one-time cost reductions. Key elements include total cost of ownership (TCO) analysis, supplier relationship management, and category management.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Real-time Visibility 52

Planergy

MAY 8, 2025

5] Finance Leaders Are Collaborating More Closely with Procurement: Nearly 48% of CFOs are leveraging procurement data to support broader financial strategies, from fraud detection to cost optimization. [1] 7] This proactive approach supports continuity and reduces the impact of supply chain disruptions.

Strategy 52

Strategy Real-time Visibility Procurement Agile and Lean Supply Chain 52

Jaggaer

APRIL 24, 2025

I recently hosted a webinar in which our star speaker was Lora Cecere, Founder at Supply Chain Insight. Supply chain management typically does not fit very well with procurement, which is a challenge at the best of times, and can be a disaster in difficult times. As late as the 1990s, supply chains were very local.

Demand 52

Demand Logistics Real-time Visibility Supply Chain Optimization 52

Jaggaer

APRIL 9, 2025

Seamless integration with ERP and supply chain systems: MES synchronizes manufacturing operations with business planning, inventory management, and customer demand. Faster time-to-market: By streamlining processes and improving production agility, MES helps manufacturers respond quickly to changing customer demands.

Supply Chain Efficiency 52

Supply Chain Efficiency Agile and Lean Supply Chain Raw materials supply chain software solutions 52

Procurement Leaders

FEBRUARY 26, 2024

This brings multiple benefits – not least potential access to third-party investment dollars, as well as improved agility, faster decisions, and a greater degree of trust. At the same time, high-impact procurement teams are close allies of their business stakeholders, bringing their needs into the crosshairs of the right partners.

Cost of ownership 130

Cost of ownership Agile and Lean Supply Chain Sustainability Procurement team 130

Supply Chain Game Changer

MARCH 20, 2019

Subscribe to Supply Chain Game Changer. What Supply Chain Management problem does this solve? The biggest problem in the transitional supply chain is lack of open and trustworthy information availability across the supply chain caused by multiple issues – trust, technology and legacy practices being the top ones.

Agile and Lean Supply Chain 79

Agile and Lean Supply Chain Supply Chain Efficiency supply chain software solutions Supply chain 79

Jaggaer

FEBRUARY 5, 2025

It is a process that creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. Supplier Onboarding and Supply Chain Collaboration – An often overlooked or underestimated challenge is supplier onboarding.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

Supply Chain Game Changer

JANUARY 14, 2020

Subscribe to Supply Chain Game Changer. At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. As such we have introduced our “Seasoned Leadership in Action™” Interview series here at Supply Chain Game Changer.

Leadership 66

Leadership Agile and Lean Supply Chain Supply Chain Optimization Supply chain 66

Supply Chain Game Changer

MARCH 30, 2022

Subscribe to Supply Chain Game Changer. It is needed to ensure the efficiency of the cost of ownership of the technological landscape of financial services. You lean your smartphone, tablet or smartwatch against the payment terminal — the payment has passed. appeared first on Supply Chain Game Changer™.

supply chain software solutions 89

supply chain software solutions Agile and Lean Supply Chain Cost of ownership Supply Chain Efficiency 89

NLPA (Next Level Purchasing Association)

JANUARY 17, 2023

Supply chains are becoming more and more complex, constrained, and daunting by the day. Covid and post-Covid periods have reaped havoc on supply lines. Supply Chain Agility and Visibility. Visibility of the interaction between the five critical supply chain dimensions is vital to supply chain success.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Spend management Cost of ownership 52

Supply Chain Game Changer

NOVEMBER 13, 2018

Strategic Sourcing is a proven approach to understanding and delivering significant cost reduction based on Total Cost of Ownership (TCO), building a sustained value – creating relationship with the suppliers and category spend reduction in order to create and sustain a competitive advantage.

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

World of Procurement blog

APRIL 23, 2024

In this blog, we're diving deep into the realm of procurement strategy—discussing its importance, how to craft an effective plan, communicate it within your firm, measure its success, and understand different procurement methodologies, including agile procurement.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

World of Procurement blog

APRIL 23, 2024

In this blog, we're diving deep into the realm of procurement strategy—discussing its importance, how to craft an effective plan, communicate it within your firm, measure its success, and understand different procurement methodologies, including agile procurement.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Empowering CPO

FEBRUARY 11, 2024

At EmpoweringCPO, we understand the pivotal role it plays in optimizing the supply chain, reducing costs, and fostering long-term competitiveness. 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

Jaggaer

OCTOBER 24, 2024

What is Cost Saving in Supply Chain Management? Cost saving in supply chain management involves reducing the total cost of ownership (TCO) while maintaining, or even enhancing, the quality and reliability of goods and services. Any reduction in price is considered a cost saving.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain budgeting 52

NLPA (Next Level Purchasing Association)

OCTOBER 17, 2022

Continuous Improvement and Risk Management Systems have long been essential to realizing supply chain and organizational success. This is especially true at a time when organizations are preoccupied with ensuring reliable supply lines, cost reduction, risk mitigation, business continuity, and so on. . PDCA stands for: .

supply chain budgeting 52

supply chain budgeting Risk Agile and Lean Supply Chain Risk management 52

IBM Supply Chain Blog

MAY 13, 2024

Access to multiple options enables rapid adaptation when new trends or strategic shifts occur, maintaining agility and resilience. Optimize costs across use cases : Different models have varying cost implications. By accessing a range of models, businesses can select the most cost-effective option for each application.

Cost of ownership 70

Cost of ownership Ethics Risk Innovation 70

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery. Procurement teams equipped with risk management tools can ensure business continuity and minimize potential negative impacts.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Jaggaer

OCTOBER 3, 2024

Ensure supply continuity This was number 1 on the 2023 list of priorities. We’ve also seen disruptions to supply with shipping being targeted in the Red Sea. First, organizations need to get full supply chain visibility. What is the probability of a supply chain disruption?

Supply Chain Optimization 52

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

IBM Supply Chain Blog

NOVEMBER 24, 2023

Typical benefits realized would range from increased agility, cost-effectiveness and competitiveness, while challenges include complexity and resource demands. Many enterprises are realizing that moving to cloud is not giving them the desired value nor agility/speed beyond basic platform-level automation.

Real-time Visibility 89

Real-time Visibility Data Cost of ownership Change management 89

Jaggaer

DECEMBER 13, 2024

The Essential Guide to Source to Pay, Source to Contract, and Procure to Pay Whether youre new to the world of procurement and supply chain management, or a seasoned veteran; whether you work in a major manufacturing industry, a university, or a medium-sized clinical research organization, you may find procurement jargon rather confusing.

Sourcing 52

Sourcing Contract Procurement Chief Procurement Officer 52

IBM Supply Chain Blog

MAY 8, 2024

Today, our enterprise-grade platform is optimized to help clients manage mission-critical workloads while addressing resiliency, performance, security, compliance and total cost of ownership. The security of our client’s data is at the heart of everything we do.

Cost of ownership 61

Cost of ownership Data Innovation Management 61

IBM Supply Chain Blog

MARCH 14, 2024

By using decades of database expertise in performance by IBM and combining it with AWS’s scalability, security and governance features, customers can achieve enhanced flexibility, agility and cost efficiency in the cloud. This approach enables customers to modernize their infrastructure at their own pace.

Data 75

Data Innovation Cost of ownership Management 75

Finale Inventory

JULY 17, 2024

ERP software integrates and manages various aspects of a manufacturing company’s operations, including inventory management, production planning, supply chain management, human resources, finance, and more. One of the standout features of Software 4 is its advanced supply chain management capabilities.

supply chain software solutions 52

supply chain software solutions Supply Chain Optimization supply chain budgeting Real-time Visibility 52

Finale Inventory

JUNE 21, 2024

Moreover, ERP systems often include modules for human resources, inventory management, and supply chain optimization. Inventory Management: Manages inventory levels, tracks stock movements, and optimizes supply chain operations.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions supply chain budgeting Real-time Visibility 52

Finale Inventory

JUNE 21, 2024

Moreover, ERP systems often include modules for human resources, inventory management, and supply chain optimization. Inventory Management: Manages inventory levels, tracks stock movements, and optimizes supply chain operations.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions supply chain budgeting Real-time Visibility 52

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

With the increasing complexity of supply chains and the growing importance of sustainability and social responsibility, the role of procurement professionals has become more critical than ever. These competencies are essential for ensuring that organizations can secure the goods and services they need at the best possible value.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

Empowering CPO

MAY 4, 2023

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. Adopt a Total Cost of Ownership Approach A. Some of the key benefits include: 1. Implement Centralized Procurement A.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Empowering CPO

FEBRUARY 1, 2024

These technological advancements empower organizations with real-time insights, facilitating agile decision-making to navigate market complexities. By outsourcing strategic sourcing processes, organizations not only achieve immediate cost savings but also build internal capabilities for sustained success.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Sustainability 40

Una

JANUARY 8, 2024

The value here isn't just held in the initial cost but in the total cost of ownership, environmental impact, and overall efficiency. Office Furniture Cost-First Crusader You decide to pinch pennies on office furniture. This efficiency doesn’t just cut costs; it enhances the overall productivity of the business.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Agile and Lean Supply Chain Purchasing 52

Supply Chain Game Changer

MARCH 6, 2019

Subscribe to Supply Chain Game Changer. Initiatives are being put in place to make these statements a reality, but are these organizations agile enough to shift strategies, process and operations — for real? appeared first on Supply Chain Game Changer™. Subscribe Here! Email Address. Circular Economy.

Procurement 50

Procurement Procurement team Supply Chain Efficiency Innovation 50

Empowering CPO

JULY 16, 2023

These services deliver crucial benefits, including cost reduction through strategic sourcing and volume pricing, enhanced supplier performance through rigorous selection and management, improved compliance to regulations, and minimized risk of supply chain disruptions.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

The Good Spending

NOVEMBER 5, 2021

TLC analysis requires a deep understanding of supply chain costs - customs, duties, tariffs, and 3PL services. Total Cost of Ownership (TCO) TCO considers all costs associated with acquiring, operating, and maintaining evaluating bids. My Udemy course "Adaptive Sourcing: Agile Procurement in Practice."

Procurement 52

Procurement Bidding Contract Supply Chain Efficiency 52

Planergy

SEPTEMBER 8, 2022

If suppliers feel like you’re constantly criticizing them or looking for ways to reduce costs, they may be less likely to want to do business with you in the future. This includes things like cost per unit (CPU), the total cost of ownership (TCO), scrap/rework costs, etc. Flexibility / Agility.

Suppliers 52

Suppliers Management Supplier relationship management supply chain budgeting 52

Sourcing and Supply Chain

JUNE 24, 2021

Category strategy can be defined as a plan of action to map each spending category’s most cost-effective and efficient procurement plan. Developed strategy livers as shown below based on the impact on supplies and prices from various key drivers driving the decision-making process.

Category management 52

Category management Management Procurement Market analysis 52

Una

OCTOBER 9, 2023

DOWNLOAD PLAYBOOK Table of Contents Introduction In procurement and supply chain, staying ahead of the game is not just a goal – it’s a necessity. Strategic sourcing takes into account a few key concepts: Total Cost of Ownership TCO shows how strategic sourcing looks beyond the initial purchase price.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Empowering CPO

JULY 16, 2023

These services deliver crucial benefits, including cost reduction through strategic sourcing and volume pricing, enhanced supplier performance through rigorous selection and management, improved compliance to regulations, and minimized risk of supply chain disruptions.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40