Remove Agile and Lean Supply Chain Remove Ethics Remove Global sourcing Remove supply chain budgeting
article thumbnail

Procurement in the Age of Uncertainty: 4 Lessons from the New Forrester Study

ivalua

Furthermore, their rapidly shifting nature requires a new level of agility. Being more agile and addressing more strategic objectives requires procurement to be more collaborative. Ensuring supply continuity requires timely and open sharing of information. Second, map your sub-tier. To download the full report, click here.

article thumbnail

Strategic Sourcing Essential Techniques for Sustainable Success

Empowering CPO

Introduction In the ever-evolving landscape of procurement, organizations are turning to strategic sourcing services to navigate the complexities and achieve sustainable success. At EmpoweringCPO, we understand the pivotal role it plays in optimizing the supply chain, reducing costs, and fostering long-term competitiveness.

professionals

Sign Up for our Newsletter

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

article thumbnail

A Gameplan for Procurement Transformation

NLPA (Next Level Purchasing Association)

Improved communication, regular performance assessments, and joint value creation efforts lead to better supplier performance, reduced risks, and potential cost savings through optimized partnerships. This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery.

article thumbnail

What are the different types of sourcing?

IBM Supply Chain Blog

Sourcing isn’t just a concern for procurement teams. With rising consumer and stakeholder expectations around ethical and responsible supply chains, who supplies your organization’s goods and services is also a C-suite consideration. Near-sourcing can also reduce risk.

Sourcing 100