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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. Specific types of sourcing minimize costs in different ways.

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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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Procurement Tracking – Everything You Should Know

Procurement Tactics

It typically looks for details such as supplier information, item descriptions, quantities, prices, or arrival dates. These tools allow for automated, integration to suppliers and visibility in procurement data at any time.

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The Role of Procurement Outsourcing Services in Global Business Operations

Empowering CPO

Managed procurement services can be defined as an external service that helps streamline a company’s acquisition processes, offering an end-to-end solution that takes into account all aspects of procurement – from sourcing to payment. This is where managed procurement services come into the picture.

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The Role of Managed Procurement Services in Global Business Operations

Empowering CPO

Managed procurement services can be defined as an external service that helps streamline a company’s acquisition processes, offering an end-to-end solution that takes into account all aspects of procurement – from sourcing to payment. This is where managed procurement services come into the picture.

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The Intelligent IBP Manifesto – key principles for a new planning paradigm

Supply Chain Trend

However, only 3% of companies apply automated execution and 7% autonomous end to end planning. For example a monthly triggered risk analysis (set of simulations) from your e2e supply chain. Add to this more complex planning decisions (For example with relationship complexity, NPD or price decisions with suppliers and customers).

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How Managed Procurement Services Enhance Supplier Risk Management

Empowering CPO

Volatility of Market Conditions: Changes in market conditions such as fluctuating commodity prices, exchange rates, and geopolitical situations can impact suppliers and create risks that are hard to predict and manage. The consequences of not managing these supplier risks effectively can be severe.