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Spot the mistakes Strategic Sourcing Framework

Procurement Templates

I asked my assistant to help me mock up a strategic sourcing framework and she did a fairly good job but made a few mistakes. By the way, when doing sourcing preparations it doesn’t mean that you can’t work on multiple parts at once and go back and forth before the tender is issued but there is a typical order.

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What is a Sourcing Agency and How does it work?

SCMDOJO

In the global world of businesses, companies often seek help from sourcing agencies to figure out how to get the things they need. But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s explore this world of sourcing agencies and understand what they do.

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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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Canada’s Federated Co-operatives Ltd. (FCL) goes live with Ivalua’s Source-to-Contract (S2C) solution with seamless integration to TealBook’s AI-powered supplier data foundation

ivalua

Redwood, CA, 20th December 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that Canada’s largest co-operative, Federated Co-operatives Limited (FCL), has gone live with its source-to-contract solution which includes a seamless integration to TealBook, the leading supplier data foundation.

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Beginners Guide to Supply Chain Management

World of Procurement blog

Sourcing : Choosing suppliers that provide the goods and services needed to create the product. Delivering : Also known as logistics, this phase involves transportation, warehousing, and delivery to customers. Making : The manufacturing step where raw materials are converted into finished products.

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Beginners Guide to Supply Chain Management

World of Procurement blog

Sourcing : Choosing suppliers that provide the goods and services needed to create the product. Delivering : Also known as logistics, this phase involves transportation, warehousing, and delivery to customers. Making : The manufacturing step where raw materials are converted into finished products.

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Chat GPT Take on Procurement Leadership

Procurement Templates

For the most up-to-date information, I recommend referring to industry publications, company announcements, and business news sources. These courses cover topics such as strategic sourcing, supplier management, contract negotiation, procurement analytics, and risk management.