SCMDOJO

JULY 28, 2022

However, when you buy something, you may not always know all the suppliers that offer a particular product. Then the Supplier registration form comes in handy. This means that every time you host a sourcing event, the same suppliers bid on the same products at the same prices. So, where does the Supplier registration fit in?

Suppliers 131

Suppliers Bidding Purchasing Quality 131

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.

Business strategy 69

Business strategy Strategy Leadership supply chain budgeting 69

SCMDOJO

APRIL 3, 2025

It affects revenue, customer relationships, and overall business strategy. Negotiate better prices with suppliers, use alternative materials, or implement lean manufacturing. Identify what your business does best and put resources into those areas. Find new regions and suppliers less affected to reduce disruptions.

Agile and Lean Supply Chain 90

Agile and Lean Supply Chain Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 90

ivalua

AUGUST 26, 2015

In my last blog post , I talked about how the need for better supplier information was a dominant theme across the automotive industry, as well as for many other discrete manufacturers. The impact suppliers have on the products you make and sell, good and bad, is just too significant to be ignored. Here are three examples.

Suppliers 100

Suppliers Real-time Visibility Sourcing Quality 100

Supply Chain Brain

FEBRUARY 5, 2023

Expect to see corporate executives assessing supplier diversity and environmental sustainability initiatives together under the ESG umbrella.

Business strategy 59

Business strategy Suppliers Strategy Sustainability 59

ivalua

JULY 27, 2015

That said, I concede that Pierre made some very good points about the confusion created by the traditional upstream/downstream, linear way of thinking about sourcing and supplier management. I’m going with Supplier Value Management. Let’s get busy working on Supplier Value Management.

Leadership 100

Leadership Suppliers Strategic sourcing Strategic sourcing 100

Supply Chain Game Changer

AUGUST 5, 2021

What is Supplier Relationship Management (SRM)? The Supplier Management Secret Recipe article and permission to publish here provided by Sam Jenks. Building a secret recipe for smooth supplier management requires a foundation, which you can build upon, experiment with, and eventually make your very own. Subscribe Here!

Suppliers 98

Suppliers Management Supply Chain Efficiency Agile and Lean Supply Chain 98

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. “Increasing adoption of technology will allow procurement teams to gain complete visibility into all suppliers and spend. .

Procurement team 47

Procurement team Procurement supply chain software solutions Spend management 47

Spend Matters

AUGUST 29, 2022

Categories: Sponsored Article , Supplier Management , supplier networks , Supply Chain Management Tags: Sponsored Article In the modern world of business, outsourcing has become increasingly popular due to its multitude of benefits; from cost-saving to accessing specialized skill sets and resources.

Supply chain 131

Supply chain Supply chain management Supply chain management Supply 131

Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Success: Best Practices and Key Strategies Of course, there are many definition s of source-to-pay but put simply, strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. How Has Strategic Sourcing Evolved?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

Barkers Procurement

DECEMBER 19, 2024

Social Monitoring This area scrutinises how well a company and its suppliers adhere to labour laws and ethical standards concerning worker rights, health and safety, community engagement, and diversity practices. Establish clear, measurable objectives based on the material aspects of ESG that align with your business strategy.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Supply Ethics 52

ivalua

AUGUST 29, 2019

In today’s turbulent business landscape, the challenges facing organisations have become increasingly complex, with uncertainty from geopolitical events such as Brexit and tariff negotiations impacting day-to-day operations. Leading the charge in navigating this constantly shifting trading environment is the Procurement department.

Procurement 154

Procurement Procurement team Supply Chain Efficiency Business strategy 154

Jaggaer

JULY 21, 2023

Watch this video to see how Tealbook and JAGGAER are partnering together to deliver AI-powered, automated supplier data.

Business strategy 52

Business strategy Strategy Suppliers Data 52

Jaggaer

FEBRUARY 5, 2025

A successful approach requires careful assessment of supplier bids, followed by structured onboarding, continuous monitoring, and performance measurement. Now well dive into best practices in these critical areas to ensure a more effective and resilient sourcing strategy. Automation can also play a role here.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

Procurement Tactics

JANUARY 9, 2023

Sustainability transformation necessitates a great understanding of new technologies, strong engagement with stakeholders and suppliers, and huge investments in sustainability. . As a business, you have suppliers that support your goal. You have your strategy and have executed what you are planning.

Sustainability 210

Sustainability Collaboration Strategy Suppliers 210

ivalua

SEPTEMBER 13, 2021

Redwood, CA – 14 th September 2021 – Ivalua , a leading global spend management cloud provider , announced today the results of a commissioned study conducted by Forrester Research on behalf of Ivalua which shows that companies have been prioritizing CSR initiatives as part of their core business strategies – and it has paid off.

Collaboration 130

Collaboration Sustainability Ethics Supply chain 130

Planergy

MAY 8, 2025

4][5] Supplier Portals Enhance Collaboration: Digital supplier portals are now in use across 35% of procurement platforms. 5] Finance Leaders Are Collaborating More Closely with Procurement: Nearly 48% of CFOs are leveraging procurement data to support broader financial strategies, from fraud detection to cost optimization. [1]

Strategy 52

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

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? Why is CPFR Important?

Supply Chain Efficiency 200

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

Arkestro

AUGUST 1, 2022

Constrained supply chains and the associated shortages have resulted in mounting pressures from the government and investors for organizations to diversify their supplier bases. The supplier relationship management dynamic has changed, with procurement processes becoming increasingly supplier-centric. Supplier Frustrations.

Supplier relationship management 52

Supplier relationship management Suppliers Management Buyers 52

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. Strategy development considers how best to communicate with the chosen suppliers around specific needs and solutions.

Supplier relationship management 59

Supplier relationship management Suppliers Supply Chain Efficiency Management 59

Skill Dynamics

AUGUST 11, 2022

Managing strategic suppliers effectively is essential for procurement and supply chain teams to improve processes and drive competitive advantage for their organization. Investing time and effort in managing these suppliers will contribute considerably to the success of your organization. Identifying your strategic suppliers.

Procurement team 52

Procurement team Suppliers Supply chain Supplier relationship management 52

Spend Matters

DECEMBER 13, 2022

According to research from McKinsey, two-thirds of the average company’s ESG footprint lies with suppliers, but few companies have judiciously scrutinized their supply chain.

Sustainability 113

Sustainability Procurement Business strategy Supply chain 113

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. . Increasing adoption of technology will allow procurement teams to gain complete visibility into all suppliers and spend.

Procurement 130

Procurement Procurement team supply chain software solutions Supply chain 130

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

The Good Spending

JUNE 6, 2022

The relationship-based supplier segmentation model In our earlier post, we provided a comprehensive view of the theoretical and practical aspects of outsourcing. It's not only sound in the context of outsourcing but may be applied to structure your supplier relationship management (SRM) strategy.

Suppliers 52

Suppliers Supplier relationship management Contract Risk 52

Procurement Templates

SEPTEMBER 14, 2023

Procurement, often considered the gateway between an organization and its suppliers, plays a central role in this transformation. This involves selecting suppliers and partners who are committed to ethical and eco-friendly practices. Moreover, transparency and communication are critical in supplier relationships.

Sustainability 130

Sustainability Supply Chain Efficiency Procurement Ethics 130

Skill Dynamics

AUGUST 15, 2022

Strategic supplier relationship management (SRM) is a key factor for driving competitive advantage for multi-national organizations. We’ve highlighted the most important elements to help improve supplier relationship management: Foster the right behaviors. Get the most out of strategic suppliers. Effective communication.

Supplier relationship management 52

Supplier relationship management Suppliers Strategy Management 52

Una

NOVEMBER 1, 2022

These “back-office” workers were seen primarily as clerical support, entering and tracking purchase orders and researching suppliers. Investing in procurement technology , team training, and supplier relationship management will have greater rewards than short-term selections based on the lowest price or aggressive supplier negotiations.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

TYA Suite

MAY 13, 2025

This request typically includes details like the product specifications, quantities needed, and preferred suppliers. The procurement team reviews these requests to ensure theyre aligned with the companys budget and strategy. Issuing a purchase order (PO) After the request is approved, a is created and sent to the supplier.

Procurement 40

Procurement supply chain budgeting Supply Chain Efficiency Raw materials 40

Procurement Heads

SEPTEMBER 14, 2022

We spend about a billion pounds each year through our supply chain of approximately 500 suppliers. Procurement and supplier management are carried out by separate teams under my leadership. I also have accountability for the supply chain third-party management risk and environmental, social and governance (ESG) strategy.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Suppliers Supply chain Risk 130

Empowering CPO

JUNE 22, 2023

Introduction In an increasingly interconnected global economy, supplier diversity has emerged as a key strategy for companies seeking not only to foster social responsibility and inclusivity, but also to drive innovation, competitiveness, and market growth. This can also highlight areas where supplier diversity can be improved.

Suppliers 52

Suppliers Supply Chain Efficiency supply chain budgeting Data 52

Procurement Heads

SEPTEMBER 1, 2022

IT and technology category experts – are regularly in high demand, with lots of businesses looking for true subject matter experts in hardware, software and services categories. The turbulence of the last few years has seen the stagnation/postponement/cancellation of (potentially) business critical projects and programmes.

supply chain software solutions 130

supply chain software solutions Supply chain Supplier relationship management Demand 130

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. Ultimate Supplier Plotting Checklist 2022. Creating a Sustainable Business Strategy.

Sustainability 147

Sustainability Ethics Agile and Lean Supply Chain Strategy 147

Supply Chain Game Changer

JANUARY 19, 2022

Strategies to improve your Supply Chain article and permission to publish here provided by Claire Glassman. The supply chain is a significant part of your overall business strategy and inventory management. Improve Your Supplier Relationships. Great suppliers are reliable. The Supply Chain Renaissance Has Begun!

Supply Chain Efficiency 109

Supply Chain Efficiency Agile and Lean Supply Chain Supply chain Strategy 109

Finale Inventory

AUGUST 22, 2024

Running an auto parts supplier can be a lucrative venture if managed properly. Incorporating ecommerce into your business strategy can help drive profits even further. This article will guide you through the necessary skills and strategies to successfully manage an auto parts supplier for profit, with a focus on ecommerce.

Suppliers 52

Suppliers Management Inventory Price 52

Procurement Tactics

SEPTEMBER 19, 2022

The job of these officers may involve qualifying new suppliers, ensuring quality performance, and supporting supplier diversity policies. . BSR works with over 250+ companies, civil partners, and government agencies to develop ambitious business strategies. . What is Sustainable Supply Chain Consulting?

Sustainability 130

Sustainability supply chain software solutions Supply chain Supply 130

ivalua

SEPTEMBER 24, 2020

The role of procurement has transformed over the last decade, from cost-cutter to a vital ally that can inform and enable business strategy. Role of Procurement is not what it used to be. COVID-19 has only served to cement the procurement department’s status as a key stakeholder.

Procurement 26

Procurement Supply chain Risk Procurement team 26