ivalua

MAY 30, 2025

The need for human expertise: Procurement still requires skilled specialists to oversee strategic sourcing, complex negotiations, and supplier relationship management. Human oversight ensures AI recommendations align with business strategy and ethical standards.

Procurement

Planergy

MAY 8, 2025

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. These strategies help reduce the total cost of ownership while building long-term supplier relationships.[1] “5 Procurement Best Practices to Improve Strategic Sourcing.” Available at: [link].

Strategy

TYA Suite

MAY 13, 2025

This strong internal engagement helps align with overall business objectives, ensuring that procurement activities contribute to broader goals such as cost reduction, operational efficiency, or product development. As a result, procurement becomes not just a function, but a core driver of business strategy.

Procurement

Procurement Freelancers

APRIL 22, 2023

Many professionals are always seeking ways to lower expenses while maintaining the highest quality of… The post Steps Followed By Strategic Sourcing Agents For A Comprehensive Business Strategy first appeared on Procurement Blog | Procurement & Supply Chain News.

Strategic sourcing

Una

NOVEMBER 1, 2022

Benefits of Strategic Sourcing and Best Practices. Let’s look at what strategic sourcing is, its best practices, and five key benefits: What is the difference between strategic sourcing and procurement? Strategic sourcing best practices. Here are four best practices for strategic sourcing: 1.

Strategic sourcing

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

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

Supply Chain Game Changer

MARCH 14, 2022

Strategic Sourcing & Vendor Managed Inventory. While there are plenty of great ways to save money on inventory , Strategic Sourcing and Vendor Managed Inventory (VMI) can be a particularly effective approach in managing costs and creating competitive supply chains. Supply Chain Management Strategy.

Supply chain management

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

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. Will a product or feature drive specific and measurable business value?

Product development

Empowering CPO

JULY 16, 2023

Our expert team works alongside your organization, offering comprehensive and customized procurement solutions that align with your business goals. Our services range from spend analysis and supplier relationship management to contract management, strategic sourcing, and e-procurement solutions.

Supply Chain Efficiency

World of Procurement blog

APRIL 23, 2024

Supply Chain Lifecycle The supply chain lifecycle consists of several key phases: Planning : This involves the demand planning, supply planning, and overall business strategy. Sourcing : Choosing suppliers that provide the goods and services needed to create the product.

Supply chain management

World of Procurement blog

APRIL 23, 2024

Supply Chain Lifecycle The supply chain lifecycle consists of several key phases: Planning : This involves the demand planning, supply planning, and overall business strategy. Sourcing : Choosing suppliers that provide the goods and services needed to create the product.

Supply chain management

Supply Chain Opz

JUNE 1, 2014

There are two things Boeing and Airbus have in common, utilization of lean manufacturing system and strategic sourcing concept. However, the overall implementation of strategic sourcing is a bit different between the two companies. VMI program at Wal-Mart is not 100% on consignment basis.

Agile and Lean Supply Chain

IBM Supply Chain Blog

DECEMBER 13, 2023

Understand the organization’s needs—whether it’s increased sales, managing cash flow, shorter time-frames, improved forecasting, quality management or sustainability—and how they align with the overall business strategy and long-term plan.

Procurement strategies

Empowering CPO

JULY 16, 2023

Our expert team works alongside your organization, offering comprehensive and customized procurement solutions that align with your business goals. Our services range from spend analysis and supplier relationship management to contract management, strategic sourcing, and e-procurement solutions.

Supply Chain Efficiency

Planergy

SEPTEMBER 5, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Sets Financial Goals and Objectives A well-prepared budget serves as a roadmap for your business’s financial growth. How to gain visibility and control of your indirect spend.

supply chain budgeting

Pipefy

DECEMBER 20, 2023

Strategic procurement leverages data to reduce risks across the entire procure-to-pay process and identify opportunities for long-term and continuous forecasting and optimizations. This also leads to more advantageous strategic sourcing.

Procurement

Empowering CPO

JUNE 14, 2023

This foundation will enable us to appreciate the full context and nuances of this transformative business strategy. Partial Procurement Outsourcing: Here, only certain aspects of procurement are outsourced, such as strategic sourcing or contract management.

Procurement

Empowering CPO

JUNE 30, 2023

As a leading provider of procurement intelligence services, our mission is to empower Chief Procurement Officers (CPOs) and their teams with insightful, actionable data that drives strategic decision-making. At EmpoweringCPO, we view procurement not as a separate function, but as an integral part of your business strategy.

Supply Chain Optimization

Empowering CPO

JUNE 21, 2023

These insights help organizations make data-driven decisions, prioritize cost-saving opportunities, and optimize their procurement strategies. Opportunity Assessment: EmpoweringCPO conducts opportunity assessments to help organizations identify categories that should be prioritized for strategic sourcing initiatives.

Real-time Visibility

Planergy

SEPTEMBER 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend.

Supply Chain Efficiency

Empowering CPO

JUNE 9, 2023

Strategic Role of Procurement: As procurement metrics become more aligned with business strategy, procurement will play an increasingly strategic role in organizations. Companies that can leverage new trends and technologies to enhance their procurement metrics will gain a competitive edge.

Procurement

Planergy

OCTOBER 13, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. How To Set Up An Amazon Business Account. Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. Download Free Copy. Written by. Rob Biedron.

Purchasing

Empowering CPO

JUNE 25, 2023

The industrial revolution in the 18th and 19th centuries marked a significant turning point, as businesses started to realize the strategic importance of procurement. Secondly, data analytics has empowered businesses to make data-driven procurement decisions.

Procurement

Let's Talk Supply Chain

MARCH 23, 2023

With over 20 years of professional experience spanning private and public sectors in Pharmaceutical, Petroleum, Chemical Manufacturing, Private Real Estate, and Utility industries, my professional experiences include Business Management, Business Administration, Human Resources, Supply Chain Management, and Supplier Diversity.

Agile and Lean Supply Chain

Planergy

NOVEMBER 18, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. How to Set SMART Goals In Business: What They Are, Examples, and How To Use Them. Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend.

Project management

Let's Talk Supply Chain

JANUARY 9, 2023

As a global technology company, they provide networked innovation, quality, and compliance solutions to consumer brands that want to reduce supply chain risk, innovate faster, speed up business processes, and take control of data. Today I’m joined by TraceGains , the world’s only networked ingredients marketplace.

Agile and Lean Supply Chain

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