IBM Supply Chain Blog
FEBRUARY 13, 2024
Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. Sourcing and procurement professionals operating with a strategic sourcing mindset assess a supplier’s quality, reputation and service.
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.
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Strategic Sourceror
FEBRUARY 3, 2023
These tasks, combined with the increasing levels of complexity and risk that modern supply chains have had to go through, has made tracing exactly what's going on even more difficult than it had been in the past. Why is visibility so important? Reduced costs Ultimately, visibility boils down into long-term operational efficiency.
ivalua
JULY 21, 2021
Benefits include: Shortened sourcing cycle times. 100% visibility of sourcing processes. Adoption of best-in-class strategic sourcing practices. We’re excited to support REV Group on their digital transformation journey and accelerate their end-to-end sourcing for all spend types.
Procurement Tactics
AUGUST 23, 2022
Contract management, also known as contract lifecycle management, in the field of procurement refers to the handling of end-to-end contracting with the suppliers and other third parties of an organization. . Enhancing strategic sourcing through data analysis. Creating policies and contingencies easily to mitigate risks.
Empowering CPO
JULY 2, 2023
One of the key areas we focus on is enhancing supplier risk management through our managed procurement services. Supplier risk management is an integral aspect of procurement, tasked with identifying, assessing, and mitigating risks associated with a company’s supply chain.
Procurement Tactics
JUNE 28, 2023
It enables managers and businesses to minimize costs, prevent and mitigate risks, and essentially identify issues and problems early on in the procurement process. Compliance and Risk Management Throughout the procurement process, monitoring compliance with the applicable legislation and regulations is crucial.
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