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 87

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 87

Empowering CPO

FEBRUARY 11, 2024

Introduction In the ever-evolving landscape of procurement, organizations are turning to strategic sourcing services to navigate the complexities and achieve sustainable success. Building Robust Supplier Relationships Successful strategic sourcing extends beyond transactional interactions with suppliers.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

World of Procurement blog

APRIL 23, 2024

Strategic Sourcing : Identifying and developing key suppliers and products to optimize spend. Ethical Judgment and Integrity : Maintaining high ethical standards and transparency in dealings. Category Management : Managing product or service categories as strategic business units.

Ethics 52

Ethics Procurement Supplier relationship management Market knowledge 52

World of Procurement blog

APRIL 23, 2024

Strategic Sourcing : Identifying and developing key suppliers and products to optimize spend. Ethical Judgment and Integrity : Maintaining high ethical standards and transparency in dealings. Category Management : Managing product or service categories as strategic business units.

Ethics 52

Ethics Procurement Supplier relationship management Market knowledge 52

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

Initiatives that prioritize environmentally friendly practices, fair labor, and responsible sourcing improve brand reputation and mitigate potential legal and reputational risks.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Empowering CPO

JULY 5, 2023

It’s about being able to navigate the complex landscape of global sourcing, regulatory compliance, risk management, and more. We have helped businesses navigate the challenges of global sourcing, compliance, risk management, and more, delivering tangible results in terms of cost savings, process efficiency, and strategic value.

Management 52

Management Procurement Real-time Visibility Ethics 52

IBM Supply Chain Blog

JANUARY 31, 2024

Sourcing isn’t just a concern for procurement teams. With rising consumer and stakeholder expectations around ethical and responsible supply chains, who supplies your organization’s goods and services is also a C-suite consideration. Strategic sourcing also considers sustainability and corporate social responsibility.

Sourcing 103

Sourcing supply chain budgeting Supply Chain Efficiency Agile and Lean Supply Chain 103