Procurement Insights

MAY 3, 2025

Sourcing Innovation Launch Date: June 2006 Overview: Authored by Michael Lamoureux, a Computer Science PhD, Sourcing Innovation focuses on procurement technology, strategic sourcing, and supply chain management. AI, e-sourcing), spend analytics, and best practices. organizational founding, industry presence).

Procurement

Supply Chain Game Changer

JULY 24, 2025

These include processes being open, documenting the grounds for their decisions, and upholding good ethical business practices.

Sourcing

SCMDOJO

FEBRUARY 21, 2025

A well-defined procurement strategy doesnt just mitigate risksit adds significant value to your organization : Cost Savings: Strategic sourcing and supplier negotiations reduce procurement costs. Regulatory Compliance: Ensures adherence to industry laws, ESG policies, and ethical sourcing.

Agile and Lean Supply Chain

ivalua

AUGUST 9, 2025

High-impact Use Cases of AI in Sourcing, P2P, CLM, and Spend Analysis AI is already woven into procurement workflows, delivering measurable improvements in speed, accuracy, and decision-making. With the improvement in automation, the autonomous capabilities and key human decision points, Ivalua lets sourcing team scale significantly.

Risk management

Skill Dynamics

FEBRUARY 13, 2025

Lets take a look at some of the key areas you should look at: Strategic Sourcing and Supplier Management : Theres been a clear shift away from traditional procurement methods and towards more strategic sourcing. What Is an End-to-End Supply Chain?

Supply Chain Optimization

ivalua

MAY 30, 2025

The need for human expertise: Procurement still requires skilled specialists to oversee strategic sourcing, complex negotiations, and supplier relationship management. Human oversight ensures AI recommendations align with business strategy and ethical standards.

Procurement

ivalua

MAY 30, 2025

The need for human expertise: Procurement still requires skilled specialists to oversee strategic sourcing, complex negotiations, and supplier relationship management. Human oversight ensures AI recommendations align with business strategy and ethical standards.

Procurement

Procurement Software

JULY 6, 2025

From reducing carbon footprints to ensuring ethical labour practices, these efforts create substantial long-term value that rarely appears in traditional savings reports. Why Procurement should be seen as a Growth Partner When fully integrated into a business’s value chain, Procurement drives tangible value through: 1.

Procurement

Procurement Software

JUNE 1, 2025

Strategic sourcing It continues to drive value creation. But modern sourcing requires less manual analysis and more strategic thinking. Most importantly, they understand AI’s limitations and biases and can provide human oversight that ensures ethical and effective AI deployment.

Procurement

Jaggaer

OCTOBER 24, 2024

With the right supplier management tools , you can empower your procurement team to assess suppliers based on critical factors such as risk, sustainability, and real-time performance. A leading strategic sourcing solution should give you a 360° view.

Collaboration

TYA Suite

MAY 13, 2025

Increased sustainability and ethical sourcing Modern businesses are increasingly aware of their environmental and social impact, and operational procurement management is at the forefront of this change. Businesses can make sure that their sourcing choices support corporate responsibility objectives by using procedures.

Procurement

Procurement Insights

JULY 1, 2025

Fit Score Link : This translates into high Fit Score alignment in areas like cross-functional collaboration, tech interoperability, and strategic sourcing visibility. Agent-based Model In Practice : Hansen emphasizes distributed decision-making by empowered nodes (people, bots, policies).

Agile and Lean Supply Chain

Finale Inventory

JULY 18, 2025

Track carbon footprint per unit, packaging waste reduction, and ethical labor compliance alongside traditional performance indicators. The traditional just-in-time inventory model excels in stable markets but requires strategic modification in volatile environments.

supply chain software solutions

Planergy

MARCH 24, 2025

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. There are a few out-of-the-box ways you can ethically bring in additional revenue. How to gain visibility and control of your indirect spend. How to report and analyze indirect spend to identify savings opportunities.

Sustainability

Procurement Templates

MARCH 3, 2024

I asked my assistant to help me mock up a strategic sourcing framework and she did a fairly good job but made a few mistakes. This may include criteria such as financial stability, relevant experience, technical capabilities, quality standards, compliance with regulations, and adherence to ethical standards.

Strategic sourcing

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

Una

AUGUST 21, 2023

The Human Factor in Strategic Sourcing How to allow for the human factor in strategic sourcing to drive the success of procurement process optimization and cost efficiency efforts. Strategic sourcing in procurement would be so easy if people weren’t involved!

Strategic sourcing

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

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.

Procurement

Procurement Templates

JUNE 18, 2023

These courses cover topics such as strategic sourcing, supplier management, contract negotiation, procurement analytics, and risk management. Strategic Sourcing: Strategic sourcing is a key component of procurement leadership.

Leadership

Empowering CPO

JUNE 22, 2023

Introduction Welcome to our complete guide on the role of spend analysis in strategic sourcing. In the ever-evolving world of business, strategic sourcing has become a linchpin in corporate success. But how do we fuel the engine of strategic sourcing? Spend analysis is the catalyst for strategic sourcing.

Strategic sourcing

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.

Procurement

World of Procurement blog

MAY 8, 2024

Enables adherence to policies and regulations through ethical, sustainable, and compliant practices. In summary, procurement is a strategic function focused on maximizing value, reducing costs, and building competitive advantage. Category and market expertise helps make informed sourcing decisions.

Strategic sourcing

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

Empowering CPO

FEBRUARY 1, 2024

Introduction In the ever-evolving landscape of procurement, organizations are realizing that strategic sourcing is not merely a process but a comprehensive approach that can redefine the trajectory of businesses. Our approach encompasses the development and implementation of cutting-edge procurement dashboards and tools.

Strategic sourcing

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

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.

Sourcing

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

Una

MAY 3, 2023

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.” Josh connected with The Sourcing Hero team in a very unique way… he is a regular listener and had the creative idea to ask ChatGPT what a Sourcing Hero is.

Ethics

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.

Procurement

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.

Procurement

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

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

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

Empowering CPO

FEBRUARY 23, 2024

Ethical Use: Transparency, fairness, and bias mitigation are critical. Ethical AI practices build trust. AI algorithms categorize expenses, identify cost-saving opportunities, and recommend strategic sourcing initiatives. Communication is key to fostering acceptance.

Procurement

Empowering CPO

JULY 2, 2023

Managed procurement services can cover a vast range of functions – from sourcing and supplier management to purchasing, invoicing, and payment processes. Increased Focus on Value Creation: Procurement is no longer just about cost savings, but also about creating value through innovation, supplier collaboration, and strategic sourcing.

Management

SCMDOJO

APRIL 26, 2023

Sustainable/ethical procurement. Category management strategy must be based on sustainable procurement and ethics. Both purchasing and supplying organizations must be ethical in their dealings throughout the category management process. Team leadership and management.

Category management