article thumbnail

Strategic sourcing enters a new age. Are you keeping up? (Part 2)

ivalua

In last week’s blog , I began discussing telltale signs that you have entered the new age of strategic sourcing. Leading manufacturers have proven that best-in-class strategic sourcing can create measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability.

article thumbnail

Webinar Recap: Procurement 2022, Big Trends and Predictions

ivalua

Disruptions in global supply chains, labor market shortages, strong consumer demand. Building and maintaining supply chain resilience will be critical in a post-Covid-19 world. How can we mitigate technical, logistical, weather-related, and demand-driven supply chain disruptions?

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain

ivalua

A purpose-built solution can enforce proper governance and standards, automate master data optimization activities, identify product standardization opportunities, and automate category management for strategic sourcing in supply chain. Demand planning capabilities. Point-of-use data capture.

article thumbnail

Role-Based Training for Procurement & Supply Chain Teams

Skill Dynamics

Equipped with a strategic mindset, they align procurement goals with overall business objectives, identifying cost-saving opportunities and optimizing supplier portfolios to meet the company’s needs efficiently. These specific skills help sourcing managers foresee potential industry changes and potential supply chain problems.

article thumbnail

5 Advantages of Supplier Relationship Management Software

Procurement Software

Parallel to this, they offer the ability to streamline supplier governance and due diligence activities to cover increasing demands on compliance and supply chain visibility. Studied cases at Kodiak Hub show between 1–3 % loss of brand exposure resulting from a non-compliant supply chain. About Kodiak: .

article thumbnail

5 Advantages of Supplier Relationship Management Software

Procurement Software

Parallel to this, they offer the ability to streamline supplier governance and due diligence activities to cover increasing demands on compliance and supply chain visibility. Studied cases at Kodiak Hub show between 1–3 % loss of brand exposure resulting from a non-compliant supply chain. About Kodiak: .

article thumbnail

Coronavirus & The CPG World: What to do now and how to prepare for the future?

Solvoyo

2) Real-time visibility is extremely valuable during times of crisis! In the supply chain, visibility involves status reporting from suppliers, through the production&distribution infrastructure and all the way down to the shelf level. End-to-end scenario analyses require this visibility data as input.

e2e 40