Claritum

MAY 11, 2018

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. Without good visibility, maximising the benefits from global sourcing is impossible, as it is impossible to track exactly how much is being spent.

Global sourcing 32

Global sourcing Sourcing Chief Procurement Officer Real-time Visibility 32

IBM Supply Chain Blog

JANUARY 31, 2024

The sourcing process sits within supply chain management and is used for identifying, vetting and selecting the best suppliers. Think of it this way: sourcing is the “who” (the suppliers themselves) and procurement is the “what” (goods and services).

Sourcing 91

Sourcing supply chain budgeting Supply Chain Efficiency Agile and Lean Supply Chain 91

SCMDOJO

FEBRUARY 29, 2024

It is arguably true that supplier performance management is considered a business practice for measuring, analyzing, and managing supplier performance to reduce cost, and risk and also drive continuous improvement. Managing and optimizing a supplier’s performance is as essential as it is difficult. How is it possible?

Suppliers 67

Suppliers Management Quality Import 67

ivalua

MAY 8, 2019

Daniel Koh is currently leading a team of 130 sourcing and pricing professionals globally. He had taken on a few leadership roles in Flex such as Procurement Compliance Director, led the Global Sourcing team, and is currently member of Flex Supply Chain Council and Supply Chain Risk Management.

Supply Chain Efficiency 20

Supply Chain Efficiency Global sourcing Leadership Risk management 20

ivalua

JULY 21, 2021

REV Group embarked on its sourcing and procurement transformation earlier this year, which included four appointments to REV’s global sourcing and supply chain team, representing the Fire & Emergency, Commercial and Recreation segments. For more information, visit www.consus-global.com. ABOUT IVALUA .

Supply Chain Efficiency 130

Supply Chain Efficiency Supply Chain Optimization Supply chain Competitive bidding 130

Supply Chain Opz

MARCH 21, 2014

Background Even though re-shoring concept has been adopted more and more by companies of all sizes, maintaining the good control of overseas facilities and keep the good relationship with overseas suppliers is still very important. To drive cost of generic products down, using overseas suppliers is a very good option.

Supply chain 105

Supply chain Supply Global sourcing Quality 105

ivalua

MAY 9, 2023

As the lynchpin to suppliers, they play a pivotal role in combatting the effects of inflation, ensuring supply continuity, complying with regulatory requirements, improving sustainability and other top business priorities. The biggest gains in sustainability typically come from working with suppliers rather than finding new ones.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Procurement Collaboration Supply Chain Efficiency 130

Una

AUGUST 17, 2022

Whether it is through improved relationships with internal stakeholders and key suppliers, or distributed authority to generate ideas and make decisions, everyone has a role to play. In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Brian Chaplin, Director of Global Sourcing for Medline Industries.

Procurement 98

Procurement Global sourcing Purchasing Sourcing 98

Zycus Cognitive Procurement

DECEMBER 9, 2020

Now that the situation is slowly moving towards normalcy, supply chain and procurement teams are under insurmountable pressure to monitor and mitigate supplier risks and compromise competitiveness closely. The increased complexity of supply chains and global nature has expanded the scope of supply chain risk management.

Risk management 52

Risk management Risk Suppliers Management 52

SCMDOJO

JANUARY 30, 2023

Additionally, she was key in implementing lean manufacturing principles and practices, leading initiatives to improve sustainability and building strong relationships with suppliers.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Supply chain 130

Procurement Insights

APRIL 30, 2025

supplier relationship management). Forrester Research Forresters Profile: Respected for the Wave report, using ~30-40 granular criteria to evaluate S2P suites, with a focus on AI and supplier collaboration. supplier onboarding) can enhance Hacketts Operational Excellence evaluations, offering practical context for vendor capabilities.

Procurement 52

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

ivalua

DECEMBER 19, 2018

Over the course of the year-long project, PKP Energetyka will implement the modules facilitating the registration of Contracts, e-Catalogs, Tender Management, Supplier Relationship Management (SRM) and finally, Invoice handling. The key goals are not only the safety or optimization and acceleration of the Procurement processes as such.

Supplier relationship management 100

Supplier relationship management Contract Buyers Procurement solutions 100

Procurement Insights

APRIL 18, 2025

Explanation: Other indirect MRO parts experience price changes due to inflation and supplier adjustments, but not the dramatic swings seen in computer parts 3 6. Global sourcing and labor shortages further amplify volatility. The index rises from 100 to 112, with some minor dips and peaks.

Price 75

Price Demand Supply chain Real-time Visibility 75

NLPA (Next Level Purchasing Association)

DECEMBER 11, 2024

Whether its about navigating complex supplier relationships, managing costs, or preparing for unpredictable challenges, procurement leaders have shown that adaptability and innovation are key. If this resonates with you, theres no better time to explore courses in sustainable procurement and supplier diversity.

Procurement strategies 52

Procurement strategies Agile and Lean Supply Chain Strategy Procurement 52

Una

FEBRUARY 18, 2025

Procurement and sourcing professionals play a critical role helping decision makers discuss and rank those variables and then use them to select and contract with suppliers. In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Eric Westerduin.

Supply Chain Optimization 58

Supply Chain Optimization Supply Chain Efficiency Sourcing Supply chain 58

Spend Matters

DECEMBER 22, 2023

We’re working with customers on GenAI event creation, sourcing of upcoming renewals, policy adherence, autonomous negotiations, contract renewals, RFP scoring and supplier engagement. A GenAI solution that would delight the business user while collecting sourcing requirements, especially when lacking strong P2P compliance.

Procurement solutions 112

Procurement solutions supply chain budgeting Procurement Budget 112

Una

OCTOBER 25, 2023

Space Force, is shaking up procurement processes and approaches: Finding ways to speed up the procurement process so the U.S. Space Force, is shaking up procurement processes and approaches: Finding ways to speed up the procurement process so the U.S.

Procurement 81

Procurement Global sourcing Sourcing Supply chain 81

Spend Matters

JULY 24, 2023

Happily, nearly all CPOs in the survey understand the power of digitization and cite it as the second most important priority after (unsurprisingly) supplier collaboration. Supplier management and enablement layer between all enterprise functions and third parties of all types.

supply chain budgeting 98

supply chain budgeting Budget Agile and Lean Supply Chain Risk 98

Supply Chain Opz

OCTOBER 14, 2013

Padmanabhan and Seungjin Whang Information is then grouped and converted in the infographic as below, 7 Ways to Improve Visibility 1) Shorten pipeline : the prevalent use of outsourcing, global sourcing in particular, increase the members of supply chain including related processes.

Supply Chain Visibility 98

Supply Chain Visibility Agile and Lean Supply Chain supply chain software solutions Supply chain 98

Supply Chain Game Changer

NOVEMBER 13, 2018

It is an umbrella term which encompasses the end-to-end aspects of Finance, Operations, Development, Sales, Manufacturing, Distribution, Customer Management, Supplier Management, Technology and I/T. Source: [link] ). Source: [link] ). Source: [link] ).

Supply chain management 72

Supply chain management Supply chain management supply chain software solutions Supply Chain Optimization 72

Una

JUNE 1, 2023

From supplier relationship management and global sourcing to risk assessment and sustainability initiatives, each day brings new hurdles to overcome. These types of jobs quickly become boring, draining your energy, engagement, and stifling innovation.

Procurement 98

Procurement supply chain budgeting Sustainability Negotiation 98

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

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

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

Supply Chain Opz

MARCH 21, 2014

Background Even though re-shoring concept has been adopted more and more by companies of all sizes, maintaining the good control of overseas facilities and keep the good relationship with overseas suppliers is still very important. To drive cost of generic products down, using overseas suppliers is a very good option.

Supply chain 61

Supply chain Supply Global sourcing Quality 61

Una

OCTOBER 17, 2023

By Mackenzie Oakley | January 5, 2023 Search Search While cost savings is likely at the forefront of any procurement initiative, the profession continues to evolve with more focus than ever being placed on risk reduction, sustainability, strengthening supplier relationships, compliance and business continuity.

supply chain budgeting 81

supply chain budgeting Real-time Visibility Supply Chain Efficiency Supply chain 81

CPO Rising

FEBRUARY 6, 2023

Unrestricted trade coupled with abundant low-cost labor and inexpensive transportation provided global sourcing teams with ample suppliers and continuous innovation — all within a peaceful, conflict-free geopolitical landscape. That all began to change under new […]

Chief Procurement Officer 40

Chief Procurement Officer Global sourcing Innovation Sourcing 40

NLPA (Next Level Purchasing Association)

AUGUST 11, 2024

This can offer several advantages, such as: Shorter lead times : Because nearshore suppliers are located closer, there is less time required for transportation. Quality : The quality of goods or services can vary depending on the supplier’s location. Nearshoring can help to reduce these costs. The post Nearshoring or Offshoring?

Strategy 52

Strategy Quality supply chain software solutions Import 52

Arkestro

JULY 30, 2024

S2P stands for Source to Pay , a broader term that includes all activities from sourcing suppliers to making payments, encompassing strategic sourcing, contract management, purchasing, and payment processes. Next time we’ll go into details and differences of even more terms like Intake-to-Pay and Order-to-Cash.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Demand 52

Empowering CPO

JANUARY 28, 2024

Understanding Strategic Sourcing: Strategic Sourcing is a multifaceted strategy that extends beyond cost reduction, focusing on building resilient supply chains and optimizing long-term competitiveness. It integrates market intelligence, data analytics, and robust supplier relationships.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Supply Chain Optimization 40

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

The Future of Procurement Technology Supplier Relationship Management (SRM) Enhancement: Justification : Strengthening supplier relationships through SRM initiatives fosters collaboration, innovation, and mutual growth. This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

SCMDOJO

APRIL 16, 2025

Just-in-Time requires synchronization between all participants in the supply chain suppliers, manufacturers, and logistics partners to maintain smooth operations without delays. The state also hosts a dense concentration of manufacturing facilities, distribution centers, and supplier networks across multiple industries.

Supply Chain Efficiency 64

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 64

Empowering CPO

FEBRUARY 11, 2024

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.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

Procurement Software

JANUARY 23, 2024

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. This collects supplier data from a range of sources, then applies machine learning and other technologies to analyse it.

Procurement 52

Procurement supply chain software solutions Supply Chain Efficiency Real-time Visibility 52

Pipefy

JANUARY 30, 2024

The global source-to-pay and procure-to-pay outsourcing market is expanding rapidly with the market expected to reach $55.8 Between choosing suppliers, calibrating spend, and assessing risks to identifying opportunities and wasteful spending, the procure-to-pay process can play a decisive role in strategy. billion by 2028.

Agile and Lean Supply Chain 52

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

Arkestro

SEPTEMBER 5, 2024

I worked at Ford Motor Company as a buyer up through purchasing director, then at two leading auto suppliers, TI Fluid Systems and ZF Group, as a global purchasing director. Also, ensuring the sourcing and supplier management practices are taking advantage of new systems and new technologies is important.

Procurement 52

Procurement Procurement team Agile and Lean Supply Chain Buyers 52

Supply Chain Opz

OCTOBER 14, 2013

Padmanabhan and Seungjin Whang Information is then grouped and converted in the infographic as below, 7 Ways to Improve Visibility 1) Shorten pipeline : the prevalent use of outsourcing , global sourcing in particular, increase the members of supply chain including related processes.

Supply Chain Visibility 55

Supply Chain Visibility Agile and Lean Supply Chain supply chain software solutions Supply chain 55