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How is technology transforming global sourcing ?

Claritum

However, you could also face many challenges when globally sourcing across geopolitical boundaries. Your business could struggle to achieve visibility of its global supply chain. Fortunately, technology is revolutionising the way organisations can process and track every stage of their global sourcing operation.

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4 strategic sourcing use cases to strengthen your supply chain

IBM Supply Chain Blog

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. 3 Building a viable and sustainable ecosystem of partners is complex.

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Strategic Sourcing Essential Techniques for Sustainable Success

Empowering CPO

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.

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What to Look for in a Managed Procurement Services Provider

Empowering CPO

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?

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The 10 Hottest German Procurement Startups

Procurement Software

At the same time, it also provides AI-powered management of contractual obligations and deliverables. Specific and sustainable supplier catalogues are included, allowing users to benefit from Hivebuy’s bulk buyer conditions. The app is built around its large supplier database. Scalue aims to deliver total spend transparency.

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Episode 137: Using Visibility to Combat Supply Chain Abstraction with Frank Kenney

Una

EPISODE 137 Using Visibility to Combat Supply Chain Abstraction with Frank Kenney By Kelly Barner | October 18, 2023 In the race to build global empires of data and digital systems, today’s businesses must not risk forgetting what all of those zeroes and ones mean.