Procurement Tactics

NOVEMBER 24, 2022

Responsible Sourcing — Everything You Should Know. Responsible sourcing requires a shift from the traditional way companies source their needs. However, what is responsible sourcing? This article will discuss what responsible sourcing is. Thus, allowing you to start your way in responsible sourcing. .

Sourcing 193

Sourcing Ethics Sustainability Supply chain 193

Procurement Tactics

MAY 12, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Scotland Import and Export Statistics Scotland’s imports and exports rely heavily on its vast economic strength however, after Brexit, the country feels its reconstructed trade agreement.

Export 192

Export Import Sustainability Negotiation 192

Procurement Tactics

OCTOBER 13, 2022

Strategic Sourcing Manager — The Ultimate Guide. A strategic sourcing manager is a key person in ensuring that the strategic process is effective and efficient. In this article, we will discuss what a strategic sourcing manager is. Additionally, we will tell you the skills needed to be a strategic sourcing manager. .

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

Procurement Tactics

JUNE 1, 2023

First Name Email Download 51 Prompts →  Or receive our famous weekly newsletter Vietnam Import and Export Statistics Vietnam’s import and export activities opened with a $58.49 Vietnam is an export-oriented country and these are its import and export activities according to the Trading Docket website: 6. billion 9.

Export 178

Export Import Sustainability Negotiation 178

Spend Matters

DECEMBER 11, 2024

Tariff management is a strategic subset of direct materials management and sourcing that involves navigating and optimizing the complex costs and regulatory implications of importing materials and goods across borders. Tariffs essentially taxes imposed on imports and exports directly impact product cost structures.

Supply Chain Optimization 112

Supply Chain Optimization Management Supply chain resilience Supply Chain Efficiency 112

Let's Talk Supply Chain

MAY 16, 2025

In a strategic dance of adaptation, household giant Clorox is contemplating a delicate tango of sourcing shifts to counterbalance the looming impact of a hefty $100 million tariff blow. This strategic evaluation involves meticulously analyzing sourcing alternatives and potential partnerships to navigate the evolving trade landscape.

Sourcing 52

Sourcing Agile and Lean Supply Chain Supply Chain Optimization Supply chain resilience 52

Jaggaer

FEBRUARY 5, 2025

What Is Strategic Sourcing? A Complete Guide Strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. It is called strategic because it replaces traditional ad hoc approaches to sourcing, which were almost entirely focused on cost savings, item by item.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Efficiency Sourcing 52

Jaggaer

FEBRUARY 20, 2025

What is Source to Pay (S2P)? Yet in the case of source to pay, it is wholly justified. That said, many organizations, including large enterprises, may not think in terms of source to pay as an end-to-end process, if they think about it at all. Yet there are good reasons to do so. the public sector).

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Success: Best Practices and Key Strategies Of course, there are many definition s of source-to-pay but put simply, strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. How Has Strategic Sourcing Evolved?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

Spend Matters

OCTOBER 28, 2024

In this Spend Matters Vendor Analysis we provide an overview of Onventis and its solution for source-to-pay (S2P). Source-to-pay solutions allow organizations to streamline how they manage their procurement lifecycle from start to finish. Onventis provides the above but it’s also important to note two other things about Onventis.

Market analysis 109

Market analysis Contract management Sourcing Buyers 109

Spend Matters

JANUARY 8, 2025

This Spend Matters Vendor Analysis provides an overview of Zip and its solution for intake, orchestration and source to pay (S2P). As procurement becomes increasingly strategic and digital, intake and orchestration processes require intricate coordination across various departments, tools and data sources.

Market analysis 113

Market analysis Procurement team Sourcing Buyers 113

Procurement Templates

NOVEMBER 21, 2024

Here’s a detailed guide to enhance procurement capabilities across various domains: Strategic Sourcing and Supplier Management Actionable Steps: Analyze Spend Data: Use spend analysis tools to identify areas where costs can be reduced or efficiencies improved. Resources: Online courses on strategic sourcing (e.g., Coursera, Udemy).

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization supply chain software solutions 130

Spend Matters

DECEMBER 16, 2024

It ensures that organizations have the right materials sourced from the right suppliers at the right time and for the best cost, making tariff management a natural part of these processes. Direct materials management is essential for aligning demand, supply and product objectives throughout the product lifecycle.

Agile and Lean Supply Chain 112

Agile and Lean Supply Chain Management Supply Chain Efficiency Supply Chain Optimization 112

Jaggaer

FEBRUARY 5, 2025

The Power of Source-to-Pay Digital Transformation To put it briefly, source-to-pay refers to the entire process that starts with finding, negotiating with, and contracting the suppliers of materials, goods and services, and culminates in the final payment for those items. Who Should Prioritize an S2P Digital Transformation?

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

Procurement Templates

DECEMBER 11, 2024

Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Risk Mitigation: Identify and manage procurement risks by ensuring supplier reliability, diversifying sources, and monitoring market trends. Savings can be cashable or non cashable i.e. cost avoidance.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

Spend Matters

MAY 14, 2025

The move addresses a long-standing gap in many procurement technology offerings: helping teams define and manage procurement strategies, rather than just executing sourcing events. Supply disruptions , inflation, geopolitical tensions and regulatory demands are forcing companies to revisit sourcing decisions more often.

Category management 95

Category management Spend management Management Sourcing 95

Spend Matters

NOVEMBER 5, 2024

Ongoing training is important for procurement teams to keep up with the constantly evolving and advancing procurement tech and services landscape, specifically in niche areas such as category management, supplier management, negotiation and strategic sourcing and in the broader areas of change management and leadership.

Procurement 113

Procurement Competitive analysis Strategic sourcing Strategic sourcing 113

Spend Matters

NOVEMBER 19, 2024

He has spent about 20 years in supply chain and procurement, was involved in the sourcing of sustainable cocoa and confection for Unilever’s Ice cream brands and procured premium packaging and chemicals for Unilever’s Beauty and Wellbeing business. Risk mitigation requires strategic thought and conscious choices on sourcing.

Risk 113

Risk Strategy Agile and Lean Supply Chain Supply Chain Optimization 113

Procurement Leaders

MARCH 17, 2025

This time, a 200% tax on French wine and Champagne is being threatened as a backlash against EU plans to impose significant levies on the importation of American whiskey. There’s just as much risk that this will expand out, but the sources of supply aren’t [sufficient] from a local basis for a lot of that, the CPO continued.

Demand 130

Demand Sourcing Import Supply chain 130

Spend Matters

NOVEMBER 13, 2024

OECD Due Diligence Guidance (2011) covers responsible sourcing practices. Dodd-Frank Wall Street Reform and Consumer Protection Act Section 1502 (2010) is a US law that requires companies listed on US stock exchanges to be diligent regarding the source of minerals from the Democratic Republic of Congo and surrounding areas.

Risk 113

Risk Supply Chain Efficiency Supply chain Suppliers 113

Procurement Software

MARCH 2, 2025

Source-to-Pay software is the cornerstone of every procurement tech stack. That’s why it’s so important to get it right. As you will see, many of these Source-to-Pay software solutions straddle either SME and Mid-Market, or Mid-Market and Enterprise. Source-to-Pay software for SMEs: What do we look for?

Sourcing 52

Sourcing Procurement Contract management Price 52

TYA Suite

MAY 13, 2025

is important because it directly affects a companys profits, cash flow, and overall growth. How it works: Instead of sourcing from many suppliers, you concentrate your orders with fewer suppliers, often leading to discounts. practices are becoming an increasingly important cost reduction strategy in procurement.

Strategy 40

Strategy Import Procurement Raw materials 40

Spend Matters

OCTOBER 30, 2024

Finding new sources of supply: Securing alternative sources of supply from unaffected suppliers is time-consuming and not without risk. So it is important to consider how this risk might affect the entire supply chain. Secondly, buyers must be able to respond quickly and, importantly, more quickly than their competitors.

Risk 112

Risk Buyers Suppliers Supply chain 112

SCMDOJO

APRIL 3, 2025

Understanding US Tariff Turbulence Tariffs are taxes on imported goods. To understand this developing situation, it’s important to know a few things: Why Tariffs Are Used : Governments use tariffs for various reasons. They can raise consumer prices, reduce imports, change trade patterns, and cause other countries to retaliate.

Agile and Lean Supply Chain 95

Agile and Lean Supply Chain Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 95

Spend Matters

APRIL 10, 2025

The new tariff structure introduces sweeping changes to how imports are treated, starting with the US shifting away from Most-Favored Nation (MFN) tariff norms in several instances. This means that proving the origin of goods is now more important than ever.

Procurement 101

Procurement Raw materials Risk Supply chain 101

Procurement Tactics

MARCH 16, 2023

Additionally, we will talk about the importance and how you can implement strategic procurement. Strategic Sourcing Strategic sourcing assesses the patterns of business spending in order to find and choose the best suppliers that align with your business goals and objectives. Why is it important?

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

Procurement Heads

DECEMBER 7, 2022

I really enjoyed those projects and that led me to more and more projects focused on procurement and then into the procurement and sourcing focussed consulting practices and then into the role that I am in now within industry. The two key functional areas are strategic sourcing and category management.

Strategic sourcing 246

Strategic sourcing Strategic sourcing Vendor management Category management 246

SCMDOJO

DECEMBER 29, 2024

However, it offers a broad overview of the key concepts and principles of supply chain management that include: Planning Sourcing Production Delivery Returns To understand the entire supply chain ecosystem and its critical role in business success, get your hands on this course right now! Supply Chain KPIs add color to your organization.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain KPIs Supply Chain Efficiency Category management 98

ivalua

FEBRUARY 8, 2023

Why is visibility so important? Digital transformation will lead to the evolution and digitization of key procurement processes, from source-to-pay. Supply chain disruptions are becoming more and more common, so it’s important for businesses to be proactive in mitigating risk. Work to achieve 100% supply chain visibility.

Supply chain resilience 242

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

ivalua

MAY 30, 2023

It is an important part of the decision-making process and requires careful consideration of a wide range of factors, such as cost, quality, reliability, and delivery times. By maximizing resource utilization and implementing careful procurement management, the government can source the best goods and services at the most competitive prices.

Eprocurement 49

Eprocurement Procurement Supply Chain Efficiency Supply chain resilience 49

Spend Matters

OCTOBER 31, 2024

Also, its approach could potentially change how the traditional sourcing process is executed. Threats or challenges ahead It is important to remember that True ValueHub, like the other Future 5s, is a very young and small company.

Buyers 117

Buyers Raw materials Networking Suppliers 117

Procurement Tactics

APRIL 6, 2023

From sustainable sourcing , production, storage, and delivery, it monitors if these processes may cause harm to the environment and society. Importance of Sustainable Supply Chain The nature of the supply chain involves energy-intensive production and transportation as goods are made and moved around the world.

Supply chain analysis 226

Supply chain analysis Sustainability Supply Chain Efficiency Supply Chain Optimization 226

ivalua

JUNE 26, 2023

Vishal Patel and Peter Hunt delivered their session ‘Creating Value with Strategic Sourcing’ to discuss how Procurement professionals are recognizing that the fast-paced digital landscape of today demands new approaches to category management and strategic sourcing. The answer is simple – automation.

Supply Chain Efficiency 244

Supply Chain Efficiency Strategic sourcing Strategic sourcing Procurement 244

Procurement Tactics

MARCH 16, 2023

Therefore, making exportation and importation even tighter. International Trade The rule of importation and exportation. Ultimately, this impacts the steady flow of exportation and importation. Eggs come from a variety of sources: Commercial Egg Farms are the largest source of eggs in the US.

Price 229

Price Export Consumer demands Demand 229

Procurement Heads

FEBRUARY 15, 2023

An agency can quickly and efficiently source and screen a large pool of candidates, saving you time and resources. An agency can handle all aspects of the recruitment process, from sourcing and screening candidates to negotiating salaries and contracts, freeing up your time and resources to focus on other important tasks.

Procurement 246

Procurement Networking Risk Negotiation 246

Spend Matters

FEBRUARY 5, 2025

These terms are often used interchangeably, but they represent distinct concepts which are important to have in mind: Digitization refers to converting analog information into digital formats, such as scanning paper invoices. Weve all heard the buzzwords: digitization, digitalization and digital transformation.

Procurement 115

Procurement Change management Strategy supply chain budgeting 115