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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Sourcing Strategy Supply Chain Efficiency e2e 99

Spend Matters

NOVEMBER 2, 2022

Categories: E-Sourcing , Procurement Systems & Architecture , Sourcing , Strategic Sourcing Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Globality and its services sourcing solution. B2B vendors that use a B2C model are learning to create a fair, ethical model for sourcing services.

Sourcing 71

Sourcing Strategic sourcing Strategic sourcing Ethics 71

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

World of Procurement blog

APRIL 23, 2024

Leverage Technology and Automation Adopting procurement software and technologies can significantly streamline processes, from e-sourcing to electronic payment systems. Implement Strategic Sourcing Strategic sourcing involves a methodical approach to finding, selecting, and managing suppliers.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement Strategic sourcing 52

World of Procurement blog

APRIL 23, 2024

Leverage Technology and Automation Adopting procurement software and technologies can significantly streamline processes, from e-sourcing to electronic payment systems. Implement Strategic Sourcing Strategic sourcing involves a methodical approach to finding, selecting, and managing suppliers.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement Strategic sourcing 52

Procurement Heads

FEBRUARY 9, 2023

Importance of strategic sourcing As businesses become more focused on sustainability and ethical sourcing, the importance of strategic sourcing will only continue to grow.

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Procurement Strategic sourcing Strategic sourcing supply chain budgeting 130

Procurement Tactics

JANUARY 13, 2023

Strategic sourcing manager. The strategic sourcing manager is responsible for high-value purchases. To be a strategic sourcing manager, you must have an analytical mind and tactical spending. However, a strategic sourcing manager is often seen in bigger companies. . Procurement consultant.

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Procurement Chief Procurement Officer Strategic sourcing Strategic sourcing 171

Empowering CPO

FEBRUARY 23, 2024

Introduction In the dynamic world of procurement, artificial intelligence (AI) is rapidly reshaping the sourcing landscape. Ethical Use: Transparency, fairness, and bias mitigation are critical. Ethical AI practices build trust. Communication is key to fostering acceptance.

Procurement 52

Procurement Ethics Agile and Lean Supply Chain Supply Chain Optimization 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. Automation increases efficiency and reduces errors, leading to faster and more accurate procurement cycles.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Una

MAY 3, 2023

EPISODE 113 Learning to Work Side-by-Side with ChatGPT with Joshua Palacios By Kelly Barner | May 3, 2023 In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Joshua Palacios. Josh is a Senior Sourcing Manager at Ro and according to his LinkedIn profile he “refuses to be overlooked due to his work ethic and achievements.”

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Strategic sourcing Strategic sourcing Ethics Negotiation 89

World of Procurement blog

MAY 10, 2024

This supports strategic sourcing efforts. This maximizes value from sourcing partnerships. Supplier consolidation, contract negotiation, and other strategic sourcing levers can be applied to categories with the greatest savings potential. Overall, AI delivers unprecedented visibility into suppliers.

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Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Empowering CPO

JULY 2, 2023

However, with time, the function evolved, incorporating strategic elements such as supplier relationship management, risk management, and sustainable sourcing. Managed procurement services can cover a vast range of functions – from sourcing and supplier management to purchasing, invoicing, and payment processes.

Management 52

Management Procurement Strategic sourcing Strategic sourcing 52

IBM Supply Chain Blog

DECEMBER 13, 2023

It can nurture collaborative partnerships with suppliers and integrate ethical and environmental (green purchasing) considerations into the sourcing strategy. It should be a strategic roadmap that, when effectively designed and implemented, aligns with the mission of the organization and greatly contributes to its success.

Procurement strategies 68

Procurement strategies Strategy Procurement Supply Chain Efficiency 68

Supply Chain Game Changer

JULY 3, 2019

Sustainability is created at the source of our products, services, and consumption. Sustainability is created from Responsible Sourcing. How can you make Responsible Sourcing a Reality? If you can excite the people around you about sourcing responsibly, chances are you’ll be able to formulate a network of internal champions.

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Sustainability Sourcing Supply Chain Efficiency Real-time Visibility 58

Sourcing Solved

MARCH 31, 2022

I was delighted when Tesca Group CPO Nadia Stoykov agreed to write an article for the Sourcing Solved Community Blog. Her post, which you can access through the provided link , delivers several key insights into successfully identifying, pursuing, and retaining procurement talent by treating it as a strategic sourcing process.

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Strategic sourcing Strategic sourcing Agile and Lean Supply Chain Chief Procurement Officer 52

Procurement Tactics

JUNE 28, 2023

This includes checking standards of ethics, legal requirements, supplier diversity, and minimizing any risk that may arise in connection with the procurement activities. It provides an opportunity for organizations to prove that they comply with sustainability and ethical sourcing standards.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Una

NOVEMBER 29, 2023

Strategic sourcing Invest in strategic sourcing by thoroughly analyzing your organization’s procurement needs and identifying opportunities for cost savings, quality improvements, and risk mitigation. Evaluate suppliers’ sustainability practices and ensure compliance with ethical and environmental standards.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supplier relationship management Strategic sourcing 52

Arkestro

SEPTEMBER 29, 2023

Systems use this data to automate routine procurement tasks and make informed decisions about sourcing, pricing, and supplier relationships. These insights guide procurement decisions and help identify trends, patterns, and opportunities for cost reduction and strategic sourcing. Why is autonomous procurement important?

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement Supply Chain Optimization 52

Una

JANUARY 8, 2024

Boosting Business Growth With the Help of a Group Purchasing Organization A playbook for boosting business growth, moving beyond the outdated perceptions of procurement, and turning it into one of your organization’s most important sources of value. By being the ethical compass. But don’t worry, we’ve got you covered.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Agile and Lean Supply Chain Purchasing 52

Skill Dynamics

OCTOBER 19, 2023

Starbucks’ commitment to fair trade negotiations resulted in three worthwhile endeavors: sustainable and ethical sourcing practices, improved living conditions for coffee farmers, and a unique selling point that attracted socially conscious consumers.

Negotiation 52

Negotiation Procurement Procurement strategies Buyers 52

Una

OCTOBER 26, 2023

From being seen as a compliance-related cost-center, ESG is now understood as a source of potential value generation. Managing ESG Procurement will mean you can make a truly positive social and environmental impact by influencing procurement decisions that reduce environmental harm, promote fair labor practices, and uphold ethical governance.

Management 52

Management Procurement Supply Chain Efficiency Stakeholder engagement 52

Empowering CPO

FEBRUARY 14, 2024

With a steadfast commitment to driving business success, our seasoned experts offer an array of services, including Spend Analysis, Strategic Sourcing, and Procurement Tools and Dashboard.

Procurement 40

Procurement Procurement strategies Supply Chain Efficiency Supply Chain Optimization 40

Empowering CPO

JULY 5, 2023

Introduction In the globalized and rapidly evolving business landscape of the 21st century, the strategic importance of procurement cannot be overstated. They began to take on a more strategic role, with responsibilities such as supplier relationship management, risk management, sustainability initiatives, and even innovation sourcing.

Management 52

Management Procurement Real-time Visibility Ethics 52

SCMDOJO

JULY 3, 2023

Choose between a broad overview of procurement and a focused course that focuses on certain topics like strategic sourcing, contract management, or supplier relationship management. Throughout this course, you will gain valuable knowledge and practical insights on various aspects of the sourcing process in procurement.

Cost of ownership 81

Cost of ownership Procurement Category management supply chain software solutions 81

Planergy

JANUARY 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Knowing your suppliers can have far-reaching implications for a business, from quality control to legal ramifications and ethical concerns. How to gain visibility and control of your indirect spend. Download Free Copy.

Suppliers 52

Suppliers Supply Chain Efficiency Raw materials supply chain budgeting 52

Empowering CPO

JUNE 14, 2023

At its core, procurement is the process of finding, agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. This includes environmental protection, fair labor practices, ethical business conduct, and more. Case Studies of Innovative Procurement A.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Procurement Heads

FEBRUARY 16, 2023

Similarly, if we care about equity and diversity, ethical business conduct or human rights but do not include any of these considerations in how we select our suppliers, we are again not contributing to the development of our communities.

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Influencing Sustainability Procurement Supply Chain Efficiency 130

Empowering CPO

JUNE 22, 2023

On the other hand, Sustainable Procurement is an ethical purchasing and supply chain strategy that integrates environmental, social, and economic aspects to add overall value. Understanding Spend Analysis Spend Analysis is an integral part of strategic sourcing and procurement.

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Sustainability Procurement Supplier consolidation Supply Chain Efficiency 52

Una

NOVEMBER 14, 2022

Some companies and organizations thought about the end-customer experience and strategic sourcing , but these concepts were more outliers than standard practice. Greater public transparency for ethical procurement. Want a perhaps more reliable source of truth? Contact our team of sourcing advisors to learn more.

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Procurement Agile and Lean Supply Chain Supply Chain Efficiency Procurement team 98

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. Near-sourcing can also reduce risk.

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Sourcing supply chain budgeting Supply Chain Efficiency Agile and Lean Supply Chain 96

Empowering CPO

JUNE 9, 2023

It is the process of sourcing, negotiating, and purchasing the goods and services a business requires to carry out its operations. This can range from raw materials for production, to office supplies, to strategic partnerships. Introduction A. The Importance of Procurement in Business Procurement is the lifeblood of any business.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

Empowering CPO

JULY 17, 2023

The Landscape of Procurement Services In the bustling marketplace of today’s world, procurement has rapidly evolved from a transactional, back-end process into a strategic function integral to a company’s success. Additionally, they can identify cost-saving opportunities through spend analysis and strategic sourcing.

Management 52

Management Procurement Vendor relationships Supply Chain Efficiency 52

Planergy

JULY 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Ethical Sustainability & Responsibility Procurement. Only 20% said their organizations use sustainability measures as primary criteria and sourcing decisions and supplier reviews. Download Free Copy. Written by.

Sustainability 52

Sustainability Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 52

Supply Chain Game Changer

FEBRUARY 16, 2020

In fact, it made me think of a specific chapter I read from Magnus Carlsson’s Strategic Sourcing and Category Management: Lessons Learned at IKEA. In 1995 IKEA faced an organizational shift in purchasing and sourcing methodology. Now bear with me here…. In my eyes, IWAY was at the center of Ikea’s rapid expansion.

Procurement 54

Procurement Supplier relationship management Suppliers Supply Chain Efficiency 54

Planergy

NOVEMBER 1, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Ethical Sustainability & Responsibility Procurement Supplier Relationship Management. How to report and analyze indirect spend to identify savings opportunities. Download Free Copy. Written by. Keith Murphy. 15 min read.

Contract 52

Contract Suppliers Buyers Price 52

Empowering CPO

JUNE 27, 2023

We are committed to assisting our clients in unlocking the full potential of their procurement processes, enabling them to make data-driven decisions, achieve cost savings, and drive strategic sourcing initiatives. We take a people-first approach, recognizing that every organization has unique requirements and objectives.

Real-time Visibility 40

Real-time Visibility Supply Chain Optimization Data Suppliers 40