Bidding, Strategic sourcing and Supply Chain Optimization

Spot the mistakes Strategic Sourcing Framework

Procurement Templates

MARCH 3, 2024

I asked my assistant to help me mock up a strategic sourcing framework and she did a fairly good job but made a few mistakes. Risks may include budget constraints, supply chain disruptions, quality issues, legal compliance, etc. Develop strategies to mitigate these risks and build resilience within the supply chain.

Strategic sourcing

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency

Benefits of Strategic Sourcing

Una

NOVEMBER 1, 2022

Benefits of Strategic Sourcing and Best Practices. In doing so, procurement professionals are ascending the corporate stairs to have a more visible seat in their business’s strategic sourcing. Strategic sourcing best practices. Here are four best practices for strategic sourcing: 1.

Strategic sourcing

Strategic sourcing Strategic sourcing Sourcing Cost of ownership

How to Implement a Strategic Sourcing Process

Una

OCTOBER 9, 2023

How to Implement a Strategic Sourcing Process A play-by-play manual showing how to implement a strategic sourcing process that aligns with your organization’s goals, optimizes spend, and creates long-term value. At its core, strategic sourcing formalizes the process of finding, assessing, and choosing suppliers.

Strategic sourcing

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency

Webinars

Manufacturing Sustainability Surge: Your Guide to Data-Driven Energy Optimization & Decarbonization

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Rev Group Partners with Consus Global to Drive Supply Chain Efficiencies

ivalua

JULY 21, 2021

REV Group embarked on its sourcing and procurement transformation earlier this year, which included four appointments to REV’s global sourcing and supply chain team, representing the Fire & Emergency, Commercial and Recreation segments. Benefits include: Shortened sourcing cycle times. ABOUT CONSUS GLOBAL.

Supply Chain Efficiency

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Procurement Best Practices You Should Know

World of Procurement blog

APRIL 23, 2024

Leverage Technology and Automation Adopting procurement software and technologies can significantly streamline processes, from e-sourcing to electronic payment systems. Implement Strategic Sourcing Strategic sourcing involves a methodical approach to finding, selecting, and managing suppliers.

Cost of ownership

Cost of ownership Supply Chain Efficiency Procurement Strategic sourcing

Procurement Best Practices You Should Know

World of Procurement blog

APRIL 23, 2024

Leverage Technology and Automation Adopting procurement software and technologies can significantly streamline processes, from e-sourcing to electronic payment systems. Implement Strategic Sourcing Strategic sourcing involves a methodical approach to finding, selecting, and managing suppliers.

Cost of ownership

Cost of ownership Supply Chain Efficiency Procurement Strategic sourcing

Large-scale Sourcing Cheat Sheet: Essential Guide to Sourcing Optimization

Zycus Cognitive Procurement

FEBRUARY 4, 2021

Despite sourcing being central to supply chain and procurement processes and the business as a whole, it continues to take a backseat in most organizations’ digital transformation priorities. each event sees participation from scores of suppliers – often 250+ – placing bids across 60,000 to 80,000+ lanes.

Supply Chain Optimization

Supply Chain Optimization Sourcing Bidding Suppliers

Elevating Procurement: Autonomous Technology’s Role in Efficiency and Innovation

Arkestro

SEPTEMBER 29, 2023

Autonomous procurement refers to the use of advanced technologies to streamline and optimize the procurement process. By leveraging the latest technology to improve efficiency, organizations can increase cost savings, reduce risks in the supply chain, and enhance overall performance. What is autonomous procurement?

Supply Chain Efficiency

Supply Chain Efficiency Innovation Procurement Supply Chain Optimization

11 Things You Can Do While a GPO Works Behind the Scenes

Una

NOVEMBER 29, 2023

This can include implementing a formal Supplier Relationship Management (SRM) program, sharing your strategy with key suppliers, collaborating on cost-saving initiatives, and ensuring a reliable and efficient supply chain. This may involve seeking out new suppliers, optimizing supplier portfolios, and conducting competitive bids.

Supply Chain Efficiency

Supply Chain Efficiency Supply Chain Optimization Supplier relationship management Strategic sourcing

Digital Twin is an old idea – just new to supply chain

Solvoyo

JANUARY 3, 2020

The supply chain world is just discovering the digital twin concept and we are nowhere close to the level of detail and sophistication of these decades-old examples. However, I also believe that the old-fashioned digital representation of a supply chain with nodes and arcs is like drawing a stick figure.

Supply Chain Optimization

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Boosting Business Growth With the Help of a GPO

Una

JANUARY 8, 2024

When it's finally time to bid them farewell, they are recyclable, contributing to a greener planet. When it's time to bid farewell, they're easily recyclable. Procurement can promote employee value all the way down the value chain by ensuring suppliers comply with fair labor practices, ethical standards, and employee well-being.

supply chain budgeting

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

Innovative Procurement Models: Exploring Different Approaches

Empowering CPO

JUNE 14, 2023

At its core, procurement is the process of finding, agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. AI can analyze vast amounts of data to identify trends, predict future demand, and suggest optimal buying decisions.

Innovation

Innovation Procurement Supply Chain Efficiency Sustainability

CFO Beating You Up Over Rising Freight Costs? Hit Back with a TMS

Supply Chain Collaborator

MAY 23, 2018

Supply chain management leaders, especially in transportation, are under heavy fire from CFOs for the dramatic increases in freight spend that are eroding the profitability of shippers in every industry. Automation, supply chain digitization, Big Data analytics and other trends will continue their accelerated march into the future.

Supply Chain Efficiency

Supply Chain Efficiency Freight Audit supply chain budgeting Logistics

Your Business Guide to Outsourced Procurement

Una

MARCH 6, 2024

Digital Marketing Outsourcing digital marketing activities like social media management, content creation, and search engine optimization (SEO) can help businesses build a strong online presence, reach a wider audience, and drive growth. Strategic Sourcing Need some expert advice? And truly, Una membership is free.

Procurement

Procurement Agile and Lean Supply Chain Purchasing Supply Chain Efficiency

Top 20 Verified Supply Chain Experts You Can Hire

SCMDOJO

NOVEMBER 2, 2023

Effective supply chain management is essential for success in the dynamism and connectivity of modern companies. To accomplish this, you require the skills of supply chain experts who can manage the complexity and difficulties of today’s global supply chains. They come from a variety of backgrounds.

Agile and Lean Supply Chain

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

The Power of Predictive Procurement Orchestration for Food & Beverage Supply Chain

Arkestro

AUGUST 22, 2023

Resources / Blog / The Power of Predictive Procurement Orchestration for Food & Beverage Supply Chain The Power of Predictive Procurement Orchestration for Food & Beverage Supply Chain Food and beverage procurement professionals have had their work cut out for them during the last few years.

Food and Beverage Supply Chain

Food and Beverage Supply Chain supply chain budgeting Supply Chain Optimization Supply Chain Efficiency

5 Reasons why eAuctions Drive Better Savings

SCMDOJO

APRIL 3, 2022

Digital bidding, or eAuctions, are a more efficient way of negotiating with vendors in the international market. Procurement eAuctions may be used in a multitude of sectors and domains, including industrial machinery, supply chains and logistical operations, telecommunications, commodities, and business technical support programs.

Supply Chain Efficiency

Supply Chain Efficiency Bidding Procurement team supply chain software solutions

CFO Beating You Up Over Rising Freight Costs? Hit Back with a TMS

Supply Chain Collaborator

MAY 23, 2018

Supply chain management leaders, especially in transportation, are under heavy fire from CFOs for the dramatic increases in freight spend that are eroding the profitability of shippers in every industry. Automation, supply chain digitization, Big Data analytics and other trends will continue their accelerated march into the future.

Supply Chain Efficiency

Supply Chain Efficiency Freight Audit supply chain budgeting Logistics

11 Best eSourcing Software for Mid-Market Companies

Procurement Software

JUNE 13, 2023

MySupply MySupply is a small but growing German eSourcing software startup offering an automated sourcing platform. It claims a ‘guided approach to sourcing optimization, AI-based algorithms and an intuitive user interface’. It also works in the other direction, analysing optimal prices and highlighting biggest opportunities.

supply chain software solutions

supply chain software solutions Contract management Contract Sourcing

Services Procurement: What Is It and How To Manage It

Planergy

JULY 21, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This contingent labor allows you to optimize your marketing without fully engaging an internal marketing department or marketing agency. How to gain visibility and control of your indirect spend.

Management

Management Procurement supply chain budgeting Budget

Procurement Interview Questions & Answers

Supply Chain Game Changer

JANUARY 9, 2019

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. Further analyzing that spend can help you determine opportunities for implementing cost savings practices like supplier consolidation, strategic sourcing , and standardization. Subscribe Here!

Procurement

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Purchasing & Procurement Zone

Spot the mistakes Strategic Sourcing Framework

Benefits of Strategic Sourcing

Webinars

Trending Sources

How to Implement a Strategic Sourcing Process

Webinars

Rev Group Partners with Consus Global to Drive Supply Chain Efficiencies

Procurement Best Practices You Should Know

Procurement Best Practices You Should Know

Large-scale Sourcing Cheat Sheet: Essential Guide to Sourcing Optimization

Elevating Procurement: Autonomous Technology’s Role in Efficiency and Innovation

11 Things You Can Do While a GPO Works Behind the Scenes

Digital Twin is an old idea – just new to supply chain

Boosting Business Growth With the Help of a GPO

Innovative Procurement Models: Exploring Different Approaches

CFO Beating You Up Over Rising Freight Costs? Hit Back with a TMS

Your Business Guide to Outsourced Procurement

Top 20 Verified Supply Chain Experts You Can Hire

The Power of Predictive Procurement Orchestration for Food & Beverage Supply Chain

5 Reasons why eAuctions Drive Better Savings

CFO Beating You Up Over Rising Freight Costs? Hit Back with a TMS

11 Best eSourcing Software for Mid-Market Companies

Services Procurement: What Is It and How To Manage It

Procurement Interview Questions & Answers

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