ivalua

JULY 27, 2015

attempt to make a point about the relative value of strategic sourcing, I failed to realize that thought leadership is apparently the exclusive domain of pundits. It involves close collaboration with suppliers, but also with multi-disciplinary teams who represent business stakeholders such as product design, quality, and supply chain.

Leadership 149

Leadership Suppliers Strategic sourcing Strategic sourcing 149

SCMDOJO

APRIL 3, 2025

It affects revenue, customer relationships, and overall business strategy. Agile Planning and Sourcing : Be ready to quickly adjust demand forecasts, change orders, and find new suppliers. Review Supply Chain Strategy : Regularly review your supply chain strategy.

Agile and Lean Supply Chain 95

Agile and Lean Supply Chain Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 95

ivalua

AUGUST 26, 2015

Block a supplier from participating in a sourcing event. In today’s business environment, even long-term suppliers can run into difficulties. Manufacturers must be diligent in terms of monitoring their financial health, business strategy, compliance levels, and performance. Here are three examples.

Suppliers 173

Suppliers Real-time Visibility Sourcing Quality 173

ivalua

AUGUST 1, 2022

Aligning suppliers to overall Procurement and broader business strategy is critical to create sustained long-term value. . When supplier management operates in a silo–disconnected from all other procurement processes (from sourcing to payment), it captures only a fraction of the value.

Suppliers 130

Suppliers Management Supply Chain Efficiency Supplier relationship management 130

ivalua

MARCH 31, 2020

Key findings include: 97% of advanced procurement departments say procurement strategy is well aligned with overall business strategy versus only 14% of beginners. 51% of advanced procurement departments measure performance weekly or biweekly, versus only 26% of beginners.

Procurement team 47

Procurement team Procurement supply chain software solutions Spend management 47

ivalua

JULY 27, 2015

attempt to make a point about the relative value of strategic sourcing, I failed to realize that thought leadership is apparently the exclusive domain of pundits. It involves close collaboration with suppliers, but also with multi-disciplinary teams who represent business stakeholders such as product design, quality, and supply chain.

Leadership 100

Leadership Suppliers Strategic sourcing Strategic sourcing 100

ivalua

NOVEMBER 25, 2019

Jon provides advisory services on cloud technology and digital business strategy for private equity and buyout transactions. Specialties: Jon specializes in Cloud Technologies, Supply Chain Strategy, Strategic Sourcing and Procurement, and electronic payments. Jon has extensive software and technology experience.

supply chain software solutions 20

supply chain software solutions Business strategy Strategic sourcing Strategic sourcing 20

Supply Chain Game Changer

MARCH 14, 2022

Supply Planning & Sourcing Analytics. Planning and sourcing processes are often done in silos , leading to inefficiencies in supply chains. To help companies solve these problems, supply planning and sourcing analytics tools can be utilized. Strategic Sourcing & Vendor Managed Inventory.

Supply chain management 115

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 115

Procurement Insights

JANUARY 3, 2025

20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. Analytics and insights from procurement data were minimal.

Agile and Lean Supply Chain 52

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

Procurement Leaders

JULY 15, 2024

Finally, Rio Tinto board member Ngaire Woods closed the event with a conversation on the evolving role of corporations and company executives, and the blurring lines between government and corporates as political pressures influence business strategies.

Chief Procurement Officer 130

Chief Procurement Officer Influencing Sustainability Business strategy 130

Procurement Tactics

SEPTEMBER 19, 2022

Commonly, sustainability initiatives include identifying the source of raw materials, ensuring a safe workplace for employees, and reducing carbon emissions. . Sustainable supply chain consulting are firms that find sources of materials or services when companies cannot find them for their own needs. Bain & Company. LEARN MORE.

Sustainability 130

Sustainability supply chain software solutions Supply chain Supply 130

ivalua

AUGUST 26, 2015

Block a supplier from participating in a sourcing event. In today’s business environment, even long-term suppliers can run into difficulties. Manufacturers must be diligent in terms of monitoring their financial health, business strategy, compliance levels, and performance. Here are three examples.

Suppliers 100

Suppliers Real-time Visibility Sourcing Quality 100

Procurement Tactics

NOVEMBER 20, 2022

However, what is a sustainable business? For this article, we will discuss what sustainable business is. We will tackle its importance and tell you how you can create your sustainable business strategy. Creating a Sustainable Business Strategy. Ultimate Supplier Plotting Checklist 2022.

Sustainability 147

Sustainability Ethics Agile and Lean Supply Chain Strategy 147

SCMDOJO

JULY 28, 2022

This means that every time you host a sourcing event, the same suppliers bid on the same products at the same prices. There is no variety, and you may miss out on business opportunities. This can lead to dual sourcing and more competition among suppliers, ultimately reducing procurement costs and ensuring higher product quality.

Suppliers 132

Suppliers Bidding Purchasing Quality 132

Procurement Templates

SEPTEMBER 14, 2023

Procurement, traditionally seen as a function focused on sourcing goods and services at the best possible prices, has now evolved into a strategic driver for sustainability. This transformation is not merely a trend but a necessity, as businesses recognize the profound impact they have on the planet and society at large.

Sustainability 130

Sustainability Supply Chain Efficiency Procurement Ethics 130

Planergy

MAY 8, 2025

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Predictive tools help teams flag supplier vulnerabilities early and make smarter sourcing decisionsleading to a 20% improvement in risk management outcomes.[7] ” Gartner Business Quarterly 1Q24. ” Gartner.

Strategy 52

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

Procurement Tactics

MAY 8, 2023

The collaboration in CPFR usually includes business planning, forecasting , and replenishment of raw materials and finished products. CPFR is a business strategy that involves the collaboration of multiple partners to satisfy customer demand. It enhances trust between partners and enables customers to be heard.

Supply Chain Efficiency 200

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 200

ivalua

MARCH 31, 2020

Key findings include: 97% of advanced procurement departments say procurement strategy is well aligned with overall business strategy versus only 14% of beginners. . 51% of advanced procurement departments measure performance weekly or biweekly, versus only 26% of beginners. .

Procurement 130

Procurement Procurement team supply chain software solutions Supply chain 130

Procurement Tactics

SEPTEMBER 22, 2022

IKEA is one of the businesses that is recognized worldwide for its efforts in achieving sustainability throughout its supply chain. IKEA sources almost half of its wood from sustainable forests which is also the same for its cotton suppliers. Unilever has a sustainable living plan which sets a sustainable business strategy.

Sustainability 130

Sustainability Procurement supply chain budgeting Supply Chain Efficiency 130

Procurement Tactics

JANUARY 9, 2023

Integrating sustainability in your business means that there are needed changes in your business strategies. Thus, innovations can help you to adjust the businesses towards greater sustainability which includes: Empowering stakeholders to focus on sustainability and drive execution. Innovation .

Sustainability 210

Sustainability Collaboration Strategy Suppliers 210

TYA Suite

MAY 13, 2025

While it may not seem as strategic or high-profile as long-term sourcing deals, operational procurement is essential. Increased sustainability and ethical sourcing Modern businesses are increasingly aware of their environmental and social impact, and operational procurement management is at the forefront of this change.

Procurement 40

Procurement supply chain budgeting Supply Chain Efficiency Raw materials 40

ivalua

MARCH 14, 2019

But now with strategic sourcing and category management, the process has become much easier to track, monitor and control. Add sourcing workflow to the mix, and introduce machine learning that can link directly to the supplier and track savings, then you can start to see where the science comes in.

Procurement 100

Procurement Innovation Networking Strategic sourcing 100

Spend Matters

JUNE 18, 2024

The ability to bring together data from various sources helps to mitigate risk through things like consolidated scoring and automated fraud detection. Increased agility — Given how quickly procurement needs to respond to changing policies and business strategies, the process we build today may not be the right process tomorrow.

Procurement 117

Procurement Project management Budget Leadership 117

ivalua

APRIL 8, 2020

They share Urgo’s business strategy, how it drives Procurement objectives and finally how strategic suppliers are valuable stakeholders of it. Indeed, some preparation is necessary before this innovation event: fifty new suppliers were sourced and only ten were selected for speed dating. What are they transparent about?

Suppliers 147

Suppliers Management Supply Chain Efficiency Innovation 147

Spend Matters

OCTOBER 26, 2023

akirolabs derives procurement strategies from the overarching business strategy. So, akirolabs leverages data so that procurement can better incorporate these larger strategic objectives into its tactical landscape of sourcing from the best suppliers — however they deem the best to be. We wanted green steel.

e2e 117

e2e Strategy Procurement team Procurement strategies 117

Jaggaer

APRIL 22, 2019

With that, global businesses are committing to key sustainability objectives such as reducing greenhouse gas emissions , eliminating slave labor , avoiding plastics , conserving water used in production , tapping into renewable energy sources and more. Are you evaluating the true cost of your award decisions? About the Author.

Sustainability 91

Sustainability Supply Chain Efficiency Procurement supply chain software solutions 91

IBM Supply Chain Blog

JANUARY 16, 2024

Successful companies fuse product development practices with overarching business strategies to ensure sustainable innovations that will resonate efficiently and sustainably with customers—both in existing markets and among new target audiences. This will become the sample as materials and vendors are sourced for mass production.

Product development 74

Product development Strategy supply chain budgeting supply chain software solutions 74

IBM Supply Chain Blog

JANUARY 23, 2024

Preferred supplier programs with well-negotiated contracts and prices, in sync with key business strategies, can enhance the delivery of goods and services—and, as important, customer satisfaction. How is procurement linking stakeholders’ needs with the suppliers who can deliver the right capabilities?

Procurement 86

Procurement Real-time Visibility Contract Suppliers 86

Supply Chain Game Changer

APRIL 29, 2021

Now there are increasingly competitive and political pressures to bolster their domestic production, resume hiring, and minimize or eliminate their reliance on external sources that are perceived as risky. In addition, organizations need to rethink their lean manufacturing strategies. Source: supplychaindigital.com. Industry 4.0,

Supply Chain Optimization 135

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 135

Supply Chain Game Changer

JUNE 11, 2019

SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials, information and financial capital in the areas that broadly include demand planning, sourcing, production, inventory management and storage, transportation — or logistics — and return for excess or defective products.

Agile and Lean Supply Chain 105

Agile and Lean Supply Chain supply chain software solutions Supply Chain Optimization Supply chain 105

Supply Chain Game Changer

NOVEMBER 13, 2018

Source: [link] ). Source: [link] ). SCM is the management of a network of all business processes and activities involving procurement of raw materials, manufacturing and distribution management of Finished Goods. Source: [link] ). Source: [link] ). Source: [link] ). Source: [link] ).

Supply chain management 72

Supply chain management Supply chain management supply chain software solutions Supply Chain Optimization 72

Supply Chain Game Changer

AUGUST 5, 2021

To make sure a supplier management strategy is properly aligned with the broader business strategy and adopted by the broader procurement organization then it’s important to have transformational & process leaders in place! Find the right Data Sources (the Where). Build Business Intelligence (the How?).

Suppliers 98

Suppliers Management Supply Chain Efficiency Agile and Lean Supply Chain 98

IBM Supply Chain Blog

FEBRUARY 19, 2024

Here’s how companies are using different strategies to address supply chain management and meet their business goals. Why supply chain management matters Supply chain management involves coordinating and managing all the activities involved in sourcing , procurement, conversion and logistics.

supply chain software solutions 81

supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 81

Procurement Heads

FEBRUARY 6, 2023

He defines and drives business strategy, leading teams across different geographies and cultures and he has delivered procurement transformation (process, people, technology, organisation) and procurement cost reduction across direct and indirect categories, for a wide range of clients over the last 25 years. That involves everything.

Procurement 130

Procurement Price Negotiation Management 130

Spend Matters

AUGUST 2, 2023

So we are seeing businesses take a much more holistic view of how they can deploy automation to balance that equation and deliver better outcomes from sourcing through to payment. Let’s suppose all of this isn’t motivation enough for businesses to put ESG at the center of their business strategy.

supply chain budgeting 98

supply chain budgeting Procurement Supply chain Suppliers 98

Procurement Heads

APRIL 26, 2023

I found the unique role that procurement plays in being at the heart of a business’ strategy as well as at the very source of its operational performance really interesting. The function is split between business-facing, supply-facing, and enabling teams. What inspires you as a procurement leader?

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Procurement Heads

APRIL 26, 2023

I found the unique role that procurement plays in being at the heart of a business’ strategy as well as at the very source of its operational performance really interesting. The function is split between business-facing, supply-facing, and enabling teams. What inspires you as a procurement leader?

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130