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

Una

OCTOBER 9, 2023

How to Implement a Strategic Sourcing Process A play-by-play manual showing how to implement a strategic sourcing process that aligns with your organization’s goals, optimizes spend, and creates long-term value. At its core, strategic sourcing formalizes the process of finding, assessing, and choosing suppliers.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Empowering CPO

JANUARY 28, 2024

At EmpoweringCPO, we excel in Strategic Sourcing Outsourcing , a methodical approach to procurement that emphasizes data-driven decision-making, market intelligence, and innovative procurement analytics tools. It integrates market intelligence, data analytics, and robust supplier relationships.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Supply Chain Optimization 40

Empowering CPO

FEBRUARY 1, 2024

Introduction In the ever-evolving landscape of procurement, organizations are realizing that strategic sourcing is not merely a process but a comprehensive approach that can redefine the trajectory of businesses. Our approach encompasses the development and implementation of cutting-edge procurement dashboards and tools.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Sustainability 40

Empowering CPO

JUNE 22, 2023

Introduction Welcome to our complete guide on the role of spend analysis in strategic sourcing. In the ever-evolving world of business, strategic sourcing has become a linchpin in corporate success. But how do we fuel the engine of strategic sourcing? The answer lies in the powerful tool of spend analysis.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Future Purchasing

OCTOBER 4, 2022

Joint teams of technical and commercial experts work together collaboratively to create insightful category strategies that use facts and data to create a compelling case for change. In contrast, strategic sourcing is the process used by Procurement teams to source products and services for the business. Further reading.

Category management 59

Category management Strategic sourcing Strategic sourcing Sourcing 59

ivalua

JULY 15, 2015

Since its inception in the late 1980s, strategic sourcing has always been about getting the best value for the goods and services purchased from third party suppliers. Strategic sourcing requires an intense focus on the total cost of ownership, while incorporating customer needs, organizational goals, and market conditions.

Strategic sourcing 147

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 147

ivalua

JUNE 26, 2023

Vishal Patel and Peter Hunt delivered their session ‘Creating Value with Strategic Sourcing’ to discuss how Procurement professionals are recognizing that the fast-paced digital landscape of today demands new approaches to category management and strategic sourcing. The answer is simple – automation.

Supply Chain Efficiency 244

Supply Chain Efficiency Strategic sourcing Strategic sourcing Procurement 244

ProcurePort

NOVEMBER 19, 2020

This means mining through data, staying updated on the latest technology being used within the organization for strategic sourcing, and staying on top of current market trends as well. However, taking this sentiment one step further, strategic businesspeople conduct continuous internal evaluations on their […].

Sourcing 264

Sourcing Strategic sourcing Strategic sourcing Data 264

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, […].

Sourcing 52

Sourcing Data Strategic sourcing Strategic sourcing 52

IBM Supply Chain Blog

FEBRUARY 28, 2024

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.

Sourcing 104

Sourcing Strategy Supply Chain Efficiency e2e 104

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

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

Empowering CPO

DECEMBER 9, 2020

Baseline preparation is one of the most important phase during any Strategic Sourcing process. Procurement service provider completes this step immediately after the collection of historic data and after understanding of the requirement for the next contract period. And this again depends of the level of data available.

Data 52

Data Cost of ownership Strategic sourcing Strategic sourcing 52

Procurement Tactics

MARCH 16, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Strategic Procurement — Everything You Should Know Strategic procurement allows businesses to meet the demand of the current procurement landscape by making sense of the data and automating the procurement process.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

NLPA (Next Level Purchasing Association)

FEBRUARY 29, 2024

By leveraging data analytics, procurement teams can identify areas for cost savings, such as negotiating better contracts with existing suppliers or consolidating purchases to leverage economies of scale. Strategic Sourcing: Develop a strategic sourcing strategy for each defined category.

Category management 52

Category management Management Procurement Supplier relationship management 52

World of Procurement blog

APRIL 24, 2024

It enables us to streamline the procurement process, identify strategic sourcing opportunities early, and leverage data-driven insights for better decision-making. AI-driven intake orchestration thus acts as a bridge connecting the initial spark of intent with the strategic foundations of procurement. A: Absolutely.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Risk management 52

World of Procurement blog

APRIL 23, 2024

Leverage Technology and Automation Adopting procurement software and technologies can significantly streamline processes, from e-sourcing to electronic payment systems. Automation reduces manual errors, speeds up operations, and allows for better data analysis.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement Strategic sourcing 52

World of Procurement blog

APRIL 23, 2024

Leverage Technology and Automation Adopting procurement software and technologies can significantly streamline processes, from e-sourcing to electronic payment systems. Automation reduces manual errors, speeds up operations, and allows for better data analysis.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement Strategic sourcing 52

Planergy

DECEMBER 25, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Gone are the days when you must rely on historical data and make reactive decisions. Thanks to AI and other tools, you can now make better decisions with real-time data. Let’s delve into the details. Absolutely.

Real-time Visibility 52

Real-time Visibility Data Budget Strategic planning 52

Planergy

OCTOBER 4, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Big Data Analytics: What It Is and Why It Is Important. Big Data Business Intelligence (BI) Spend Analytics. What is Big Data Analytics? How Big Data Analytics Works? How Big Data Analytics Works?

Data 52

Data Import supply chain software solutions Quality 52

World of Procurement blog

APRIL 23, 2024

Analytical Thinking : Understanding and interpreting data to make informed purchasing decisions. Strategic Sourcing : Identifying and developing key suppliers and products to optimize spend. Risk Management : Assessing and mitigating risks associated with suppliers and agreements.

Ethics 52

Ethics Procurement Supplier relationship management Market knowledge 52

World of Procurement blog

APRIL 23, 2024

Analytical Thinking : Understanding and interpreting data to make informed purchasing decisions. Strategic Sourcing : Identifying and developing key suppliers and products to optimize spend. Risk Management : Assessing and mitigating risks associated with suppliers and agreements.

Ethics 52

Ethics Procurement Supplier relationship management Market knowledge 52

Empowering CPO

MARCH 21, 2024

The complexity of numerous categories, baseline assumptions, and resistance from healthcare providers impedes the realization of projected savings from strategic sourcing efforts. ” Implementing a robust compliance tracking process is essential to realizing projected savings on the ground as envisioned during strategic sourcing.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Optimization Sourcing 52

Empowering CPO

MARCH 17, 2024

The complexity of numerous categories, baseline assumptions, and resistance from healthcare providers impedes the realization of projected savings from strategic sourcing efforts. Typically, this involves four major stages in the savings lifecycle.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Optimization Sourcing 52

Empowering CPO

MARCH 17, 2024

The complexity of numerous categories, baseline assumptions, and resistance from healthcare providers impedes the realization of projected savings from strategic sourcing efforts. Typically, this involves four major stages in the savings lifecycle.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Optimization Sourcing 52

World of Procurement blog

APRIL 23, 2024

From automated systems to data analytics, technology is reshaping procurement, making it more strategic, efficient, and adaptable to changing market demands. Spend Analysis Tools These tools collect and analyze procurement data, offering insights into spending patterns, supplier performance, and potential cost savings.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 52

World of Procurement blog

APRIL 23, 2024

From automated systems to data analytics, technology is reshaping procurement, making it more strategic, efficient, and adaptable to changing market demands. Spend Analysis Tools These tools collect and analyze procurement data, offering insights into spending patterns, supplier performance, and potential cost savings.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 52

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

These insights enable data-driven decision-making, negotiation strategies, and risk mitigation, leading to more informed procurement choices. This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Empowering CPO

FEBRUARY 23, 2024

Introduction In the dynamic world of procurement, artificial intelligence (AI) is rapidly reshaping the sourcing landscape. As businesses seek agility, cost optimization, and data-driven decision-making, AI-powered solutions are becoming indispensable for procurement professionals. Data governance ensures reliable insights.

Procurement 52

Procurement Ethics Agile and Lean Supply Chain Supply Chain Optimization 52

Jaggaer

NOVEMBER 29, 2018

In a year full of recognition from industry analysts, JAGGAER was named by customers as a 2018 Gartner Peer Insights Customers’ Choice for Strategic Sourcing Application Suites. In order to be named a Customers’ Choice, a vendor must have a minimum of 50 published reviews with an average overall rating of 4.2 stars or higher.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Supply Chain Optimization 40

ivalua

JULY 21, 2021

“Partnering with Consus Global and our successful deployment of Ivalua will accelerate our progress in supply chain optimization at REV Group by applying a powerful toolset of data, supplier management, and competitive bidding capabilities to our team,” says Rob Vislosky, Chief Supply Officer of REV Group. “We

Supply Chain Efficiency 130

Supply Chain Efficiency Supply Chain Optimization Supply chain Competitive bidding 130

NLPA (Next Level Purchasing Association)

JANUARY 16, 2024

Embrace Data-Driven Decision-making : Leverage data analytics to gain insights into your spending patterns, supplier performance, and market trends. This data can inform strategic sourcing decisions, optimize costs, and identify new value-creation opportunities.

Procurement 52

Procurement Supply Chain Efficiency Procurement team Supply Chain Optimization 52

Spend Matters

FEBRUARY 27, 2023

As companies grow, the data they handle can easily become an unwieldy mess. What was once carefully curated data can become lost or varies in format, making it hard to aggregate overall. Without an accurate view of their data, businesses cannot know where to find cost savings or increased efficiencies. Read more. )

Suppliers 74

Suppliers Buyers Strategic sourcing Strategic sourcing 74

Procurement Software

APRIL 23, 2024

However, spend analytics – or data analytics software in general – is generally seen to be the preserve of enterprise organisations. If you’re a consultancy, an investor, or a solution provider and need to do deeper analysis of the market, we also offer subscriptions to our back end database , with all data points searchable.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Supply Chain Efficiency supply chain budgeting 52

Spend Matters

MARCH 8, 2023

Categories: Procurement Strategy & Planning , Procurement Systems & Architecture , Strategic Sourcing Tags: PRO In this Spend Matters PRO Vendor Analysis, we give an overview of akirolabs, a category strategy management solution built to support the transformation of procurement from a tactical function to the role of value orchestrator.

Strategy 75

Strategy Strategic sourcing Strategic sourcing Management 75

ivalua

JUNE 29, 2020

According to OECD and National Health Expenditure data, US healthcare spending per person was approx $10,224 in 2017. According to 2019 Definitive Healthcare data, U.S. Across this supply chain there is typically a lack of visibility due to siloed information and data. The only way to really understand that is data.

Agile and Lean Supply Chain 219

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 219