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4 strategic sourcing use cases to strengthen your supply chain

IBM Supply Chain Blog

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. And from that group, 71% would pay a premium for it.

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Strategic sourcing: Improve your buying power

TYA Suite

What is strategic sourcing and how does it work? Strategic sourcing is a method used by businesses to buy goods and services in a way that focuses on long-term value, not just short-term savings. Strategic is about building strong, lasting relationships with suppliers that deliver the best overall value.

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Upskilling Supply Chain & Procurement To Gain Strategic Skills

Skill Dynamics

Increased globalization, constant digital transformation, and ever-evolving consumer demands have led to a situation where traditional supply chain skills are simply no longer enough for success. Supply chain and procurement have undergone a seismic change in recent years.

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3 reasons why supply remains tight for food retailers

Strategic Sourceror

Growth in consumer demand Depending on the season, certain items tend to be purchased at a higher rate, such as cabbage and corned beef in mid-March and Bell's seasoning and pumpkin filling in late November. That's up from 42% when a similar survey was conducted in 2021. Brought to you by the StrategicSourceror.

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Inflation is giving retailers inventory headaches

Strategic Sourceror

Add supply chain delays and seasonal purchasing habits into the mix, and retailers have been left with a double hit of unwanted inventory and limited consumer demand. " Brought to you by the StrategicSourceror.

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Supply chain, labor issues forcing candy makers to problem solve

Strategic Sourceror

But as with a number of other industries, the candy sector is in the midst of labor shortage, unable to produce as much product as they have in the past and at the pace of consumer demand. Brought to you by the StrategicSourceror.

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Inventories pile up as customers buy less

Strategic Sourceror

But with the COVID-19 lockdowns lifted and life largely back to normal, retailers appear to have overestimated consumer demand, with their inventories far exceeding the once torrid pace of sales. Brought to you by the StrategicSourceror.

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