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In a recent Sourcing Journal Online article, Sourcing is Hard , Mike Todaro, managing director of the Americas Apparel Producers’ Network, quotes Barbara Zeins, an industry expert that published a short list of “9 Big FAT Garment Lies,” which we might as well call “GlobalSourcing Lies,” more generally.
In this age of supplychain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. Where tactical sourcing is a short-term strategy, strategicsourcing is for long-term business goals.
REV Group embarked on its sourcing and procurement transformation earlier this year, which included four appointments to REV’s globalsourcing and supplychain team, representing the Fire & Emergency, Commercial and Recreation segments. Benefits include: Shortened sourcing cycle times. ABOUT IVALUA .
Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategicsourcing. Explore alternative sourcing models , such as consortium buying or globalsourcing hubs. Savings can be cashable or non cashable i.e. cost avoidance.
Sourcing Innovation Launch Date: June 2006 Overview: Authored by Michael Lamoureux, a Computer Science PhD, Sourcing Innovation focuses on procurement technology, strategicsourcing, and supplychain management. AI, e-sourcing), spend analytics, and best practices.
Introduction In the ever-evolving landscape of procurement, organizations are turning to strategicsourcing services to navigate the complexities and achieve sustainable success. At EmpoweringCPO, we understand the pivotal role it plays in optimizing the supplychain, reducing costs, and fostering long-term competitiveness.
Sourcing isn’t just a concern for procurement teams. With rising consumer and stakeholder expectations around ethical and responsible supplychains, who supplies your organization’s goods and services is also a C-suite consideration. Near-sourcing can also reduce risk.
Introduction In the dynamic realm of procurement, organizations strive to not only meet their immediate needs but also to establish sustainable and cost-effective supplychains. By adopting this approach, organizations can strategically manage their procurement processes to achieve significant cost savings and operational efficiency.
EPISODE 137 Using Visibility to Combat SupplyChain 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.
Resources / Blog / Cars on Demand: Production to Order is Changing the Automotive Industry’s SupplyChain Cars on Demand: Production to Order is Changing the Automotive Industry’s SupplyChain The automotive industry has always been at the forefront of implementing innovative production methods to meet consumer demands efficiently.
With the geopolitical environment continuing its downward pressure on globalsupplychains, the economic volatility further cemented any cost-cutting measures that were already in place. We started getting hearing from companies of all sizes that wanted to explore using our Autonomous Sourcing for all types of spend.
[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.
Initiatives that prioritize environmentally friendly practices, fair labor, and responsible sourcing improve brand reputation and mitigate potential legal and reputational risks. Procurement teams equipped with risk management tools can ensure business continuity and minimize potential negative impacts.
Depending on the scope and nature of the product, this could be as simple as hiring additional engineers and as complex as implementing new supplychain processes across the organization. In cases of complex globalsourcing and manufacturing needs, a business may elect to use software or databases specifically built for the task.
In the current business scenario, where market dynamics are constantly changing, and supplychain resilience is being tested, managed procurement services have gained significant relevance. Risk Management: Procurement involves a variety of risks, from supplychain disruptions to compliance issues.
Matchory Matchory is a German procurement startup offering a data-driven strategicsourcing solution. This collects supplier data from a range of sources, then applies machine learning and other technologies to analyse it. Along with a cloud-based supplier search engine that aims to fully automate globalsourcing.
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