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Business strategy Sourcing supply chain budgeting 
SCMDOJO
APRIL 3, 2025
Global trade is complex, and supply chains are intertwined and interconnected. Supply chain leaders must adapt and use smart strategies to remain competitive. This article explains how to understand US tariffs and lessen their impact on supply chains.
Procurement Templates
DECEMBER 11, 2024
Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Savings can be cashable or non cashable i.e. cost avoidance. Supplier Relationship Management: Build and maintain strong supplier partnerships to ensure long-term business value.
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ivalua
MAY 30, 2025
AI is reshaping the way organizations source, manage suppliers, and drive value today. As supply chains become more interconnected and risks more dynamic, traditional procurement tools fall short. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle.
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Procurement Tactics
MAY 8, 2023
18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details → Or receive our famous weekly newsletter CPFR in Supply Chain — Everything You Should Know CPFR in supply chain allows both businesses and suppliers to fulfill customer demand. However, what is it? What is CPFR?
Planergy
SEPTEMBER 5, 2023
How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Using financial tools can help save time and resources while improving accuracy in the budgeting process. Why is Business Budgeting Important?
Jaggaer
FEBRUARY 5, 2025
Strategic Sourcing Simplified: Best Practices for Maximizing Value Strategic sourcing goes beyond cost savings its about making informed decisions that drive long-term value. Now well dive into best practices in these critical areas to ensure a more effective and resilient sourcing strategy.
Procurement Insights
JANUARY 3, 2025
Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.
IBM Supply Chain Blog
DECEMBER 20, 2023
A successful business strategy dictates the allocation of resources and outlines how a company will achieve its strategic goals. Whether the organization is focused on developing new products or marketing an existing service to an under-served demographic, having a solid strategy will help an organization realize its long-term goals.
SCMDOJO
MARCH 25, 2022
In the current era, it is clear that new modes of production are concomitant with new modes of distribution, which advances the field of logistics, the science of physical distribution or even supply chain management. Reminder of Key Definitions – Logistics & Supply Chain Management. and J-P Rodrigue (2004)).
Supply Chain Game Changer
AUGUST 21, 2022
Subscribe to Supply Chain Game Changer. Supply Chain’s Moment of Truth Has Arrived! A solid supply chain and logistics strategy is essential for large companies. Logistics plays a critical role in a company’s supply chain. Subscribe Here! Email Address.
Supply Chain Opz
NOVEMBER 9, 2014
Companies of all sizes have been capturing the value from Global Supply Chain to increase the economies of scale and scope for years. Due to the rapid change in global business environment, managers find it difficult to gain the edge over competitors. delivery reliability”), but is that really “supply chain thinking”?
TYA Suite
MAY 13, 2025
These are typically routine or recurring purchasessuch as office supplies, raw materials, tools, or maintenance servicesthat support the companys ongoing operations. While it may not seem as strategic or high-profile as long-term sourcing deals, operational procurement is essential. What is the goal of operational procurement?
40 
Planergy
MAY 8, 2025
How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. 4] Organizations are not just saving time; theyre also reducing errors, improving approval cycles, and increasing compliance. How to gain visibility and control of your indirect spend.
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Supply Chain Opz
JUNE 1, 2014
Professionals in supply chain management use various methods to identify best practices to improve the operations. Analysis of case study is certainly one of the most popular methods for people from business management background. Supply Chain of fashion industry involves a time based competition.
Procurement Tactics
SEPTEMBER 22, 2022
Of course, there are companies that have already adopted sustainability in their supply chain. . In this article, we will briefly discuss sustainability in procurement and its significance to businesses. Additionally, we will show you some companies that have embraced sustainability in their supply chain. .
130 
Spend Matters
AUGUST 2, 2023
To kick off the first in the vendor series, we spoke with James Stirk, Chief Revenue Officer at business commerce platform Tradeshift. Businesses are inevitably looking at ways to reduce costs, but that’s rarely the primary motivator we’ve seen for change, even in the current economic climate.
SCMDOJO
OCTOBER 7, 2024
The Global Supply Chain is thriving with each passing day. Business profitability and customer satisfaction always go hand in hand. However, the game-changer is how Cost Efficiency and Cost Effectiveness play their role in the supply chain. What is Cost Efficiency?
The Good Spending
AUGUST 23, 2022
This post attempts to provide the most comprehensive view on procurement value and practical methods of its realizations compared to many other web sources replicating slogans and mystifying logical and straightforward concepts. Cost avoidance Future years. If you managed to fully or partially waive it, then it's cost avoidance.
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Empowering CPO
JUNE 30, 2023
Introduction In the dynamic world of business, the ability to effectively manage and optimize supply chains has emerged as a critical success factor. The aim is not only to streamline operations but also to extract maximum value from every link in the supply chain. This is where EmpoweringCPO stands apart.
Let's Talk Supply Chain
MAY 16, 2024
Supply Chain is no stranger to change, challenges, and yes, general chaos, but this year has been its own kind of animal charged by a strained global economy, shifting tensions across continents, and a major presidential election that could have resounding impacts across business and commerce this coming fall.
Let's Talk Supply Chain
JUNE 19, 2024
Summer is here and we’re already cooking with fresh global supply chain disruptions. The Supply Chain Act driving sustainability and putting environmental conservation first for European businesses is presenting new challenges for businesses looking to find compatible logistics and sourcing partners.
Jaggaer
APRIL 14, 2020
Define your procurement response strategy. Catch the on-demand webinar on building business continuity plans and business strategies for the short, mid and long-term. This is perhaps an extreme example, but it highlights how COVID-19 is causing severe disruptions to supply chains. The longer-term impacts.
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.
Procurement Insights
JUNE 1, 2025
Hansen was publicly referencing and implementing AI concepts in the late 1990s , notably through “advanced self-learning algorithms” in procurement and supply chain applications. Success Rates: Success was tied to ERP and e-sourcing rollouts, not AI. By May 2017, it had risen to No. In summary: Jon W.
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Let's Talk Supply Chain
OCTOBER 27, 2023
The number of women in supply chain is still rising, increasing 3 to 5% annually, now making up 41% of the industry. This decade has brought a greater understanding and awareness of how supply chains impact communities globally. The recently overwhelmingly male-dominated industry is shifting and evolving.
Arkestro
FEBRUARY 25, 2025
Organizations across the globe are rethinking their procurement practices and policies, recognizing that ethical procurement isnt just about following trends; its about building a more inclusive, efficient, and equitable supply chain. While this represents a substantial investment, the benefits are undeniable.
IBM Supply Chain Blog
JUNE 29, 2023
Integrated planning incorporates supply chain planning, demand planning, and demand forecasts so the company can quickly assess the impact on inventory levels, supply chain logistics, production plans, and customer service capacity.
Empowering CPO
JULY 16, 2023
Managed procurement services can be defined as an external service that helps streamline a company’s acquisition processes, offering an end-to-end solution that takes into account all aspects of procurement – from sourcing to payment.
Skill Dynamics
FEBRUARY 6, 2024
Supplier relationship management is a business strategy utilized by organizations to strategically build relationships with their suppliers that are mutually beneficial. Often it involves attempting to streamline the procurement process and minimise waste within the supply chain.
Pipefy
OCTOBER 25, 2023
From reducing waste and containing costs to mitigating risks such as procurement fraud and inflated expenses, procurement’s insights and expertise can help businesses navigate some of their most pressing challenges. For companies with less than $100 million in revenue, 22% reported losses of at least $1 million. Profitability.
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Pipefy
AUGUST 1, 2023
Any business that wants to excel, or even compete, in the current capricious market must have the ability to make the best, most efficient use of its resources. In the past, that meant cutting facilities budgets or reigning in travel allowances. Businesses must set cost objectives at the creation stage of their operations strategy.
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Finale Inventory
JULY 21, 2024
Determining the total manufacturing cost allows companies to make well-informed decisions regarding product pricing and overall business strategies. Conversely, using lower-quality materials may reduce manufacturing costs but could affect product durability and customer satisfaction.
IBM Supply Chain Blog
NOVEMBER 30, 2023
Armed with domain expertise and provisions of scalability (hence cost effectiveness), they offer a better return on investment to the businesses that may not have expansive budgets for security. “We experienced a transformative impact on our business after implementing QRadar SIEM’s multi-tenancy solution.
65 
Pipefy
JANUARY 30, 2024
That’s where procurement, sourcing, and purchasing technology comes in. Because procurement teams provide critical insights to inform business strategy , identifying opportunities to cut costs is one of the most important ways they do this. To do any of these effectively, they need the right procurement technology.
Empowering CPO
JUNE 25, 2023
Understanding Procurement and its Business Significance At the heart of every thriving business is an effective and efficient procurement process. Procurement, in its simplest form, is the process by which businesses acquire the goods, services, or works they need from external sources.
52 
IBM Supply Chain Blog
APRIL 18, 2024
While leaders have some reservations about the benefits of current AI, organizations are actively investing in gen AI deployment, significantly increasing budgets, expanding use cases, and transitioning projects from experimentation to production. 46% of survey respondents in 2024 showed a preference for open source models.
89 
Empowering CPO
JULY 16, 2023
Managed procurement services can be defined as an external service that helps streamline a company’s acquisition processes, offering an end-to-end solution that takes into account all aspects of procurement – from sourcing to payment.
Pipefy
NOVEMBER 24, 2023
Procurement solutions encompass a wide range of specific functions due to the many aspects of the procurement process, including purchase requests centralization, procure-to-pay, sourcing, budget management, supplier management, and forecasting. Sourcing tools can help organizations choose vendors that deliver greater long-term value.
52 
Empowering CPO
JUNE 14, 2023
Introduction Welcome to the dynamic world of procurement, where businesses are constantly seeking innovative ways to manage their supply chains more efficiently and effectively. One strategy that has captured considerable attention is procurement outsourcing.
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Empowering CPO
JUNE 22, 2023
With a suite of spend analysis services that blend advanced technology, industry expertise, and deep commitment to client success, EmpoweringCPO assists businesses in navigating their spending patterns. We believe in empowering companies to contribute to a more diverse and equitable business landscape, one procurement decision at a time.
52 
Planergy
SEPTEMBER 12, 2023
How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Strategic Considerations: Understanding and selecting the right integration strategy can significantly impact a company’s growth and success. How to gain visibility and control of your indirect spend.
Pipefy
JULY 24, 2024
Traditional automation tools can perform predefined tasks, but AI allows automated systems to learn from sources like historical data and user interactions. Businesses with IA can also automate inventory management for both raw materials and finished products, including tracking and auditing.
Zycus Cognitive Procurement
JANUARY 31, 2023
By engaging in SRM practices, businesses can identify the best suppliers from which to source materials and services, optimize costs, mitigate risk, explore new opportunities for top-line growth through supplier innovation, streamline operational processes and receive preferential treatment as a customer of choice.
Pipefy
MARCH 6, 2023
Supply chain interruptions, worker shortages, and rising inflation costs that emerged with the pandemic have forever changed the economic landscape. Far more businesses have quickly adapted to online models and remote work than anyone expected. But amid what seem to be perpetual shake-ups, there is good news.
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