Procurement Tactics

MARCH 23, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Source-to-Contract — The Ultimate Guide Source-to-contract is an important process in procurement. If you want to know about source-to-contract, then this is for you! What is Source-to-Contract?

Contract 156

Contract Sourcing Purchase orders Bidding 156

HICX

OCTOBER 16, 2023

In practice, it is hugely dependent upon good supplier data, which is notoriously hard to achieve and maintain. Exploring why turns the spotlight to its source: suppliers. So, are suppliers themselves the reason we struggle with data? Elevating ESG, however, is tough to deliver. The answer is yes — but only reactively.

Chief Procurement Officer 52

Chief Procurement Officer Data Sourcing Suppliers 52

ivalua

JUNE 24, 2015

Big data is more than a buzz term, and if you are a strategic sourcing professional, it is a concept that should not be ignored. Big data is about synthesizing and making sense of information — better and quicker than your competition. So are you getting the most out of big data ?

Strategic sourcing 138

Strategic sourcing Strategic sourcing Data Sourcing 138

HICX

SEPTEMBER 28, 2023

In practice, it is hugely dependent upon good supplier data, which is notoriously hard to achieve and maintain. Exploring why turns the spotlight to its source: suppliers. So, do suppliers themselves cause brands to struggle with data? Elevating ESG, however, is tough to deliver.

Chief Procurement Officer 52

Chief Procurement Officer Data Sourcing Suppliers 52

HICX

AUGUST 28, 2023

In practice, it is hugely dependent upon good supplier data, which is notoriously hard to achieve and maintain. Exploring why turns the spotlight to its source: suppliers. Are suppliers themselves the reason we struggle with data? And by default, suppliers deposit their data in whichever tool they’re expected to use.

Chief Procurement Officer 52

Chief Procurement Officer Data Sourcing Suppliers 52

HICX

AUGUST 18, 2023

In practice, it is hugely dependent upon good supplier data, which is notoriously hard to achieve and maintain. Exploring why turns the spotlight to its source: suppliers. So, are suppliers themselves the reason we struggle with data? Elevating ESG, however, is tough to deliver.

Chief Procurement Officer 52

Chief Procurement Officer Data Sourcing Suppliers 52

IBM Supply Chain Blog

APRIL 16, 2024

As technology expands, at TechD , we know that the quality of generative AI (gen AI) depends on accurate data sourcing. A reliable and trustworthy data source is essential for sharing information across departments. IBM Db2 serves as the backbone, providing a robust database for storing and managing data.

Data 88

Data Sourcing Quality Innovation 88

HICX

AUGUST 15, 2023

In practice, it is hugely dependent upon good supplier data, which is notoriously hard to achieve and maintain. Exploring why turns the spotlight to its source: suppliers. So, do suppliers themselves cause brands to struggle with data? Elevating ESG, however, is tough to deliver.

Chief Procurement Officer 52

Chief Procurement Officer Data Sourcing Suppliers 52

Una

MARCH 7, 2024

EPISODE 156 Accelerating the Data Feedback Loop feat. In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Emilie Schario. A data engineer by training, she is now applying her skills to the supply chain space. Emilie Schario By Kelly Barner | March 13, 2024 In 1748, Benjamin Franklin wrote “Time is money.”

Data 80

Data Sourcing Inventory Supply chain 80

ivalua

APRIL 28, 2022

One of the drivers for these issues is focused around the lack of access to reliable “data”. To be of use, supply chain data must be of good quality and trustworthy. Today organizations are assessed based on their people, processes, technology and “data”. View the report HERE. Would you like to see the report come to life?

Quality 130

Quality Data Supply chain Supply 130

Supply Chain Brain

APRIL 14, 2024

Many companies are seeking to become data-driven organizations, but the best path toward achieving that goal may not be evident to them.

Data 59

Data Sourcing 59

IBM Supply Chain Blog

FEBRUARY 13, 2024

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.

Strategic sourcing 86

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 86

ivalua

DECEMBER 21, 2021

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.

Contract 130

Contract Sourcing Suppliers Data 130

ivalua

JUNE 6, 2022

Every year, the International Association for Data Quality Governance and Analytics (or IADQGA) runs their Data Quality and Governance study. Among the most valuable topics we addressed was a deceptively complex question: what is quality data? Supply chains are in a battle for data supremacy.

Data 130

Data Procurement Quality Suppliers 130

IBM Supply Chain Blog

DECEMBER 15, 2023

Open-source artificial intelligence (AI) refers to AI technologies where the source code is freely available for anyone to use, modify and distribute. Open-source AI projects and libraries, freely available on platforms like GitHub, fuel digital innovation in industries like healthcare, finance and education.

Sourcing 72

Sourcing Innovation Data Collaboration 72

IBM Supply Chain Blog

SEPTEMBER 19, 2023

Though you may encounter the terms “data science” and “data analytics” being used interchangeably in conversations or online, they refer to two distinctly different concepts. Meanwhile, data analytics is the act of examining datasets to extract value and find answers to specific questions.

Data 84

Data Quantity Strategy Product development 84

IBM Supply Chain Blog

SEPTEMBER 6, 2023

According to the IBM survey, when CMOs were asked what they thought the primary challenges were in adopting generative AI, they listed three top concerns: managing the complexity of implementation, building the data set and brand and intellectual property (IP) risk. The journey starts with sound data.

Data 122

Data Strategy Ethics Quality 122

Spend Matters

MARCH 11, 2024

In this Spend Matters Vendor Analysis we provide an overview of VORTAL and its source-to-pay (S2P) solution. To overcome these challenges organizations often look for a technology solution that offers automation, centralized data management and streamlined workflows. This content is for members only.

Procurement solutions 101

Procurement solutions Sourcing Procurement Market analysis 101

Jaggaer

MARCH 30, 2020

“Big Data” is everywhere. The value of quality data has never been higher, and the power to process that data is more readily available than ever. To better understand the impact of big data analytics on procurement, we turned to industry veteran Walter Charles, CPO at Allergan, who sees big data as a major disruptor.

Sourcing 99

Sourcing Data Bidding Supply Chain Efficiency 99

SCMDOJO

APRIL 9, 2024

From the ubiquity of the Internet and various electronic gadgets, we are now in the era of next-level digital space where businesses and individuals can easily leverage the power of cloud computing, big data analytics, AI, and the Internet of Things (IoT). These have become part of many aspects of modern life, including commercial logistics.

Logistics 76

Logistics Data Supply Chain Efficiency Route optimization 76

CPO Rising

MARCH 25, 2022

The Intersection of Data and Sourcing Prior to my time as an analyst, I was a strategic sourcing consultant, or more specifically, an eSourcing consultant, since I always used an eSourcing tool.

Chief Procurement Officer 40

Chief Procurement Officer Sourcing Data Strategic sourcing 40

IBM Supply Chain Blog

MAY 9, 2023

Over the past decade, deep learning arose from a seismic collision of data availability and sheer compute power, enabling a host of impressive AI capabilities. Data must be laboriously collected, curated, and labeled with task-specific annotations to train AI models. Data: the foundation of your foundation model Data quality matters.

Data 134

Data Quality Sourcing Sustainability 134

CPO Rising

JANUARY 2, 2023

The Intersection of Data and Sourcing Prior to my time as an analyst, I was a strategic sourcing consultant, or more specifically, an eSourcing consultant, […]. Editor’s Note: Over the next few weeks on CPO Rising, we’re publishing some “best of” 2021 articles as we reflect on the year and prepare for the new year ahead.

Sourcing 52

Sourcing Data Strategic sourcing Strategic sourcing 52

Supply Chain Trend

JANUARY 29, 2024

“Companies with flaky master data would be wise to cleaning that up first before embarking on DI.”, I surely agree, data is absolutely important when implementing technology. However, data sometimes seems to be turning into the ultimate excuse to maintain the status quo and do nothing. What data needs improved quality?

Data 60

Data Quality Leadership Supply chain 60

Spend Matters

FEBRUARY 26, 2024

This is the first in a three-part series that covers Fairmarkit’s sourcing offerings. Part of the ‘tail spend challenge’ relates how much effort it can take to understand it, acquire sufficient visibility and ‘data quality’ and address it with SxM and sourcing solutions. This content is for members only.

Market analysis 97

Market analysis Sourcing Spend management Purchasing 97

Una

NOVEMBER 1, 2022

Benefits of Strategic Sourcing and Best Practices. In doing so, procurement professionals are ascending the corporate stairs to have a more visible seat in their business’s strategic sourcing. Strategic sourcing best practices. Here are four best practices for strategic sourcing: 1. Strategic sourcing is similar.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

Supply Chain Brain

APRIL 3, 2024

Supply chain network design, a branch of operations research, helps in strategic decision-making about nodes, sourcing, transportation modes and inventory levels.

Networking 100

Networking Supply chain Data Inventory 100

IBM Supply Chain Blog

OCTOBER 18, 2023

On December 5–6, 2023 at the Computer History Museum in Mountain View, CA, hundreds of developers and software engineers will come together at PrestoCon 2023 to support and learn more about Presto, the open-source SQL query engine for data analytics and the Open Data Lakehouse.

Sourcing 93

Sourcing Innovation Data Price 93

Procurement Freelancers

JUNE 10, 2023

To optimise an organisation’s supplier base, procurement experts employ strategic sourcing, a methodical, data-driven strategy.… … The post An Insight Into Strategic Sourcing first appeared on Procurement Blog | Procurement & Supply Chain News.

Strategic sourcing 87

Strategic sourcing Strategic sourcing Sourcing Supply chain 87

Empowering CPO

FEBRUARY 11, 2024

Introduction In the ever-evolving landscape of procurement, organizations are turning to strategic sourcing services to navigate the complexities and achieve sustainable success. The Power of Data-Driven Decision-Making At the core of successful strategic sourcing lies the ability to make informed decisions based on robust data analysis.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

IBM Supply Chain Blog

SEPTEMBER 5, 2023

Mainframes sported green-screen terminals (or terminal emulators), mainframe-specific tools and programming languages, and entirely different ways of organizing and accessing data, managing security, and leveraging any operating system-level functionality. Open-source software. Such an architecture includes many open-source elements.

Sourcing 128

Sourcing Collaboration Strategy Management 128

IBM Supply Chain Blog

MARCH 27, 2024

EclipseStore, a groundbreaking data storage platform from MicroStream , is revolutionizing the development of cutting-edge software applications. Programming languages like Java have incompatible object models with today’s database-specific data structures and formats. Simple implementation that enables faster time-to-market.

Data 103

Data Demand Collaboration Innovation 103

Una

AUGUST 31, 2023

Overcoming Challenges with Strategic Sourcing for SMEs Explore how strategic sourcing for SMEs can help procurement professionals overcome the unique challenges of operating a small business. Should smaller organizations stay in their lane and concentrate on day-to-day tactical sourcing?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supplier relationship management 52

Spend Matters

JUNE 19, 2023

In this article, our analyst Bertrand Maltaverne looks at Direct Materials Sourcing solutions. What does a Direct Materials Sourcing solution do? See ‘ Sourcing Optimization ‘ for the sourcing of direct services such as complex logistics.

Sourcing 75

Sourcing Bidding Price Suppliers 75