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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.

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4 smart technologies modernizing sourcing strategy

IBM Supply Chain Blog

Sourcing is getting smarter. To start, many organizations have already pivoted from a tactical to a strategic sourcing mindset—which can make all the difference when it comes to gaining and retaining a competitive advantage. But now, the benefits of strategic sourcing are becoming even more attainable thanks to innovation.

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The AI Advantage: Unlocking New Value for Procurement Teams

World of Procurement blog

This frees up procurement professionals to focus on high-value strategic activities. Analyzing spend data : AI tools can quickly categorize expenses, identify spending patterns and trends, pinpoint areas of overspending, and generate actionable insights from vast amounts of procurement data. This enables more accurate planning.

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The 25 Hottest US Procurement Startups

Procurement Software

The 25 Hottest American Procurement Tech Startups Before we give you the list, we should briefly touch on what we’ve defined as a “Startup” Less than 50 employees, according to data on LinkedIn. Key Data: Founder / CEO: Anders Lillevik Date Founded: 2020 Visit Focal Point profile in our Software Finder 2.

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Unilever Gains Visibility & Control Over the Most Unpredictable Spend Category

Jaggaer

Over time, this engagement has expanded globally and is still focused on one of the most testing categories of sourcing and contract management within procurement: transport and logistics. In 2019 the company decided to embark on a project to implement global dashboards for sourcing and contracting events. The Challenge.

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The Disruptive Power of Digital Procurement

Una

Strategic sourcing experts are using machine learning to categorize and manage spend, AI to better predict demand, and act upon alerts such as contract expiry/renewals. Core digital capabilities that we now take for granted include spend analytics, eAuctions, electronic catalogs, data visualization, and more.

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Intake & Procurement Process Orchestration (2024 Guide)

Procurement Software

Key Takeaways: Why we need Intake and Procurement Process Orchestration Streamlining of Procurement Process: Process orchestration simplifies the intricate procurement process by automating and integrating each step from intake to procurement, ensuring operational efficiency and strategic alignment with business objectives.