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 85

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 85

Empowering CPO

FEBRUARY 11, 2024

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. Consulting firms like ours leverage cutting-edge tools and analytics to gain deep insights into market trends, supplier performance, and cost structures.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

Empowering CPO

JULY 5, 2023

Procurement, which refers to the process of finding, acquiring, and buying goods, services, or works from an external source, often via a tendering or competitive bidding process, plays a critical role in determining a company’s efficiency and profitability. Do you need to improve supplier relationships?

Management 52

Management Procurement Real-time Visibility Ethics 52