NLPA (Next Level Purchasing Association)

DECEMBER 11, 2024

Thinking Globally to Stay Ahead of the Competition In an interconnected world, procurement teams cant afford to think small. Global sourcing remained a critical part of procurement strategies in 2024, allowing teams to reduce risks and seize new opportunities. Thats where the right preparation can make all the difference.

Procurement strategies 52

Procurement strategies Agile and Lean Supply Chain Strategy Procurement 52

ivalua

MAY 18, 2022

Such solutions, especially if embedded in spend management suites, can help unify data across the enterprise and fix duplicates and other issues at the source. The permanent transparency helped drive a rationalization of its supply base to improve performance, relationships and deliver savings and lower risk.

Suppliers 130

Suppliers Management Supply Chain Efficiency Collaboration 130

CPO Rising

JUNE 28, 2024

[Editor’s Note: Ardent Partners recently published its Procurement-themed report, “Procurement 2024: BIG Trends and Predictions.” Over the next few weeks, this site will feature articles highlighting the key discussion points from the report.

Chief Procurement Officer 40

Chief Procurement Officer Global sourcing Sourcing Procurement 40

Supply Chain Opz

MARCH 21, 2014

As a result, issues in global supply chain management such as international trade, international transportation, global sourcing, regulatory compliance, risk management, humanitarian and sustainability won''t go away any time soon. Global supply chain environment is dynamic and many issues changes quickly.

Supply chain 61

Supply chain Supply Global sourcing Quality 61

World of Procurement blog

APRIL 23, 2024

Strategic Sourcing : Identifying and developing key suppliers and products to optimize spend. Risk Management : Assessing and mitigating risks associated with suppliers and agreements. Supplier Relationship Management : Building and maintaining positive relationships with suppliers.

Procurement 52

Procurement Ethics 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. Risk Management : Assessing and mitigating risks associated with suppliers and agreements. Supplier Relationship Management : Building and maintaining positive relationships with suppliers.

Procurement 52

Procurement Ethics Supplier relationship management Market knowledge 52

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. Procurement teams equipped with risk management tools can ensure business continuity and minimize potential negative impacts.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

IBM Supply Chain Blog

FEBRUARY 13, 2024

Near-sourcing, in addition to lowering emissions, also cuts transportation costs and delivery times. And global sourcing provides businesses with access to less expensive resources in low-cost regions. Strategic sourcing can help mitigate some of that stress by reducing potential risks associated with supplier relationships.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

ivalua

MAY 9, 2023

Some suites have embedded MDM capabilities that can unify data across the enterprise and fix issues at the source. Chassis Brakes Int’l (now part of Hitachi), presents a great example, having unified supplier data across all 25 global ERP environments through it’s global Source-to-Pay (S2P) platform.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Procurement Collaboration Supply Chain Efficiency 130

Empowering CPO

JUNE 30, 2023

The Need for Outsourcing Procurement Services Managing procurement in-house can pose a host of challenges for businesses. The complexities of global sourcing, the need for specialized knowledge and skills, the demands of compliance and risk management, and the pressure to achieve cost savings and efficiency can be daunting.

Management 40

Management Procurement Supplier relationship management Supply Chain Efficiency 40

Procurement Insights

APRIL 30, 2025

Market Pricing & Deal Reviews: Insights into market pricing and supplier proposals help clients negotiate better deals, supported by IDC’s acquisition of ETBS for global sourcing data. Supplier Performance & Risk Management: Enhanced supplier evaluation, risk mitigation, and compliance.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 52

Empowering CPO

JULY 5, 2023

However, as businesses recognized the strategic value of procurement in achieving their broader objectives, the role of managed procurement services providers also started to evolve. It’s about being able to navigate the complex landscape of global sourcing, regulatory compliance, risk management, and more.

Management 52

Management Procurement Real-time Visibility Ethics 52

SCMDOJO

APRIL 16, 2025

For manufacturers and logistics providers, understanding the legal risks tied to JIT systems is essential for risk management. Recent global events have highlighted the fragility of such lean systems. The average cost of a supply chain disruption is estimated at $1.5 million per day, varying by industry.

Supply Chain Efficiency 69

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 69

Claritum

JUNE 13, 2019

Cost (value) management. Risk Management. Knowledge of technology impact on sourcing (innovation opportunities). Identifying current and future critical supply chain risks and mitigating these (government, financial and environmental impacts on supply for example). Multiple / global sourcing of critical components.

Procurement 32

Procurement Supply Chain Efficiency Raw materials supply chain software solutions 32

HICX

APRIL 14, 2025

F&B companies depending on globally sourced ingredients (like soy, palm oil, or cocoa) could face shortages or surging prices. Impact : Increased COGS (cost of goods sold) Reformulation of products Brand risk from inconsistent quality or availability 2. Countries affected by U.S.

Suppliers 40

Suppliers Real-time Visibility Management Agile and Lean Supply Chain 40