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

ivalua

NOVEMBER 12, 2019

11, 2019 /PRNewswire/ — Ivalua, a global leader in spend management , today announced that it was selected as the winner of both the Innovations in Third Party Management and Innovations in Digitization awards, presented at the Future of Sourcing Awards event in Carlsbad, CA. SOURCE Ivalua. REDWOOD CITY, Calif. , Nov.

Sourcing 150

Sourcing Chief Procurement Officer Procurement Innovation 150

Una

MARCH 16, 2023

Pain Points in Procurement Series How to Build Procurement Influence and Why it Matters How to build procurement influence as a way to stay engaged with other business functions, drive value, and achieve more desirable outcomes. The problem lies with a lack of influence. Why do so many companies lack procurement influence?

Influencing 105

Influencing Procurement Cost of ownership Supplier relationship management 105

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.,

Agile and Lean Supply Chain 130

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

SCMDOJO

OCTOBER 28, 2024

Procurement professionals can contribute significantly to the S&OP process by providing valuable insights into supply chain dynamics, identifying potential risks, and optimizing sourcing strategies. Discuss bottlenecks in the supply of raw materials or alternate sources to procure balance and level production plans.

Procurement 91

Procurement Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 91

Spend Matters

APRIL 10, 2025

AI is the game-changer that allows procurement professionals to escape the cycle of transactional work and focus on what really moves the needle: strategic sourcing, supplier collaboration, and advanced analytics. Forward-thinking organizations are already using AI to amplify human expertise.

Supply Chain Efficiency 106

Supply Chain Efficiency Procurement Supply Chain Optimization Procurement team 106

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

SCMDOJO

DECEMBER 29, 2024

This course will teach you a lot about procurement and purchasing, trends and tendencies in procurement, the role and influence of the procurement function in the company, types of procurement, and more. Beyond her professional endeavors, Fatima is a recognized social media influencer. You can follow her on LinkedIn or Instagram.

Supply Chain Optimization 98

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

Spend Matters

DECEMBER 23, 2024

Customers want to quickly adjust sourcing strategies and build agility into their supply chains. On regulatory compliance, data protection regulations such as GDPR continue to influence procuretech investment. The need for resilient supply chains is also a key factor driving procurement digitalization.

Procurement 123

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supplier consolidation 123

Procurement Heads

FEBRUARY 22, 2023

For example, I have chartered aircraft to transport helicopters, equipped a workshop with tooling to build an armoured truck and sourced ventilators for the Zurich Foundation during the pandemic – which were donated to a clinic in India that was really struggling. What do you think are the key focus areas for procurement right now?

Sustainability 246

Sustainability Influencing Suppliers Supply chain 246

Spend Matters

OCTOBER 31, 2024

The combination of the above, together with strong experience in the field, means that the solution can be used on the buyer’s side to influence design decisions and on the supplier’s side to attract and develop business. Also, its approach could potentially change how the traditional sourcing process is executed.

Buyers 117

Buyers Raw materials Networking Suppliers 117

ivalua

JUNE 29, 2021

Redwood City, CA, June 30, 2021 – Ivalua, a global leader in Cloud Spend Management solutions, announces an extension of its source-to-pay platform with a new payments solution to digitize and streamline global supplier payments. Enabling the complete source-to-pay process within the Ivalua Platform has always been a strategic objective.

Supply Chain Efficiency 130

Supply Chain Efficiency Suppliers Sourcing Real-time Visibility 130

Procurement Insights

MARCH 6, 2025

To better understand the pros and cons of a GenerativeAI Gartner Magic Quadrant Mock-up, you must first understand the pros and cons of the original source, e.g., quantifying how far the AI apple actually falls from its tree or original source. Its a time-saver for procurement teams or C-level execs needing a starting point.

Sourcing 52

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

Spend Matters

JANUARY 23, 2025

This, given the productivity constraints of modern strategic sourcing teams, means that they often must choose between refining the assumptions and calculations in their model and doing other things, like studying the broader market, building supplier relationships or solving tactical challenges like shortages. supplier count, event size).

Price 106

Price Negotiation supply chain software solutions Supply Chain Optimization 106

Spend Matters

APRIL 16, 2025

Our coverage also explores the latest thought leadership topics about procurement and supply, the technology that serves it and comparative analyses based on demos and the scoring of 500+ RFI requirements across 12 source-to-pay (S2P) categories that create our Vendor Ranking data.

Procurement 101

Procurement Real-time Visibility supply chain software solutions Supply Chain Efficiency 101

Spend Matters

MARCH 25, 2025

largely control procurements level of influence. Procurements ability to engage, influence and align with stakeholders determines the extent to which digital transformation efforts deliver sustainable and measurable benefits. However, the reality is that stakeholders, including budget owners, business units, etc.,

Stakeholder engagement 96

Stakeholder engagement Management Procurement Influencing 96

Una

NOVEMBER 1, 2022

Benefits of Strategic Sourcing and Best Practices. In doing so, procurement professionals are ascending the corporate stairs to have a more visible seat in their business’s strategic sourcing. Strategic sourcing best practices. Here are four best practices for strategic sourcing: 1. Strategic sourcing is similar.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

Una

MARCH 23, 2023

Pain Points in Procurement Series Improving Time-to-Source in Procurement Improving time-to-source in procurement can lead to greater customer satisfaction, streamlined sourcing processes, and increased cost savings. How to improve time-to-source in procurement But how can we speed up time-to-source?

Sourcing 98

Sourcing Procurement Procurement team Contract 98

Procurement Tactics

APRIL 17, 2023

If they are selling to you unethically sourced materials, then you risk losing your credibility in striving for sustainability. Thus, you are assured that what you are purchasing from them is ethically sourced. Thus, it is important to choose your suppliers wisely.

Sustainability 182

Sustainability Suppliers Influencing Purchasing 182

Spend Matters

APRIL 23, 2025

For the past 12 years, Sammy Rashed has applied the experience he gained from being a procurement and strategic sourcing leader at Novartis and Merck to serve as the expert facilitator of several practitioners-only Procurement Think Tanks globally.

Procurement team 72

Procurement team Procurement Data Sourcing 72

Spend Matters

NOVEMBER 19, 2024

Overall, customers want tech that integrates diverse data sources, speeds up risk analysis and offers clear guidance on potential mitigation steps. How has the evolution in customer needs influenced your product? This move towards proactive and predictive risk management is transforming how businesses handle risks.

Risk management 113

Risk management Risk Management Real-time Visibility 113

ivalua

JUNE 14, 2023

It is important to support this workstream through a team of key individuals: Sponsor: A high-level executive who champions the procurement application implementation, the sponsor provides critical support, resources, and influence. An Analysis by Ivalua Read More : What is Source to Pay Best Practice?

Procurement 239

Procurement Change management supply chain budgeting Supply Chain Optimization 239

Spend Matters

OCTOBER 31, 2024

A unified platform providing a single source of truth enables better collaboration, regular oversight and audit readiness. How has the evolution in customer needs influenced your product? To address this businesses seek digital solutions that streamline onboarding whilst providing continuous compliance and risk management processes.

Risk management 116

Risk management Risk Management Real-time Visibility 116

Una

NOVEMBER 29, 2022

In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Tim Hughes. Tim is the CEO and Co-Founder of DLA Ignite as well as the Author of Social Selling: Techniques to Influence Buyers and Changemakers. Social Selling: Techniques to Influence Buyers and Changemakers. Tim Hughes on LinkedIn. Connect With Us.

Procurement 133

Procurement Influencing Buyers Purchasing 133

Let's Talk Supply Chain

FEBRUARY 20, 2025

By diversifying sourcing options and fostering strong relationships with global partners, the company has been able to adapt to changes in the trade landscape swiftly and effectively. By engaging with policymakers and stakeholders, GM aims to influence trade policies in a way that bolsters its competitive edge and preserves its bottom line.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Supply chain resilience Supply Chain Efficiency Supply Chain Optimization 98

Arkestro

MAY 2, 2025

Expand Reach and Influence on Spend Predictive Procurement can drive efficiency across procurement by identifying patterns that reduce the amount of time spent on tactical activities. Resources / Infographics / Reclaiming Opportunities with Predictive Procurement Reclaiming Opportunities with Predictive Procurement 1.

Procurement 52

Procurement Influencing Procurement solutions Price 52

SCMDOJO

APRIL 3, 2025

The US government is using tariffs in a bid to protect local industries and influence trade. Agile Planning and Sourcing : Be ready to quickly adjust demand forecasts, change orders, and find new suppliers. Understanding US Tariff Turbulence Tariffs are taxes on imported goods.

Agile and Lean Supply Chain 90

Agile and Lean Supply Chain Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 90

SCMDOJO

DECEMBER 29, 2024

However, it covers key differences between purchasing and procurement, explores common contract types, and emphasizes the importance of strategic sourcing, supplier relationships, and risk management. BoxFox Liquidation.com 360 Components J2 Sourcing Gain More Knowledge About Liquidate Inventory 4. and sustainability.

Supply Chain Efficiency 87

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 87

Jaggaer

MAY 16, 2025

Procurement teams now include specialists such as category managers with deep market knowledge who drive sourcing events and significantly impact the companys bottom line. This means that, beyond cost savings, they can also influence the top line. Procurement can influence logistics costs through tendering and smart negotiation.

supply chain budgeting 52

supply chain budgeting Procurement Agile and Lean Supply Chain Supply Chain Optimization 52

Procurement Insights

APRIL 14, 2025

EDITOR’S NOTE: Here are three separate third-party sources analyzing the success and impact of implementing the original RAM Agent-based Metaprise model to support the DND’s IT infrastructure. SOURCE #1 Jon W. Influence on the Procurement Industry 1.

Supply Chain Efficiency 52

Supply Chain Efficiency Ethics Influencing Procurement strategies 52

Procurement Insights

MAY 3, 2025

Sourcing Innovation Launch Date: June 2006 Overview: Authored by Michael Lamoureux, a Computer Science PhD, Sourcing Innovation focuses on procurement technology, strategic sourcing, and supply chain management. AI, e-sourcing), spend analytics, and best practices. organizational founding, industry presence).

Procurement 40

Procurement Supply Chain Optimization Ethics supply chain software solutions 40

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. Thus, your initial risks assessment must include answers to these questions: What and where are you sourcing? Is your company sourcing directly or through third parties?

Supply chain analysis 226

Supply chain analysis Sustainability Supply Chain Efficiency Supply Chain Optimization 226

Procurement Insights

MAY 3, 2025

Sourcing Innovation (launched 2006) notes their prevalence. Strategic Sourceror (2008) cites spreadsheets for sourcing analytics. 2030 ~4550% Major shift to cloud-based procurement platforms; AI-powered intake-to-pay and sourcing automation gain adoption. 2006 98% Minimal change; early ProcureTech (e.g.,

Procurement 52

Procurement supply chain budgeting Influencing Procurement team 52

Procurement Insights

DECEMBER 3, 2024

Reference to Triple Bottom Line post Consumer decision-making regarding ESG (Environmental, Social, and Governance) goals is influenced by several concerns, which can either encourage or hinder their commitment to purchasing products and services that align with ESG principles. Reference to Scoutbee buycott versus boycott post.

Chief Procurement Officer 58

Chief Procurement Officer Supply Chain Efficiency Influencing Supply chain resilience 58

Procurement Heads

MARCH 27, 2023

And of course, we’re all thinking about a general election that’s likely to happen in the next few years, which could influence procurement legislation being introduced following Brexit. Sustainability is one of those, and supply chains can influence carbon emissions in a huge way.

Sustainability 246

Sustainability Agile and Lean Supply Chain Influencing Contract 246

Spend Matters

AUGUST 19, 2024

This Spend Matters Vendor Analysis gives an overview of True ValueHub, a costing solution built to enable companies to unlock incremental savings beyond what traditional methods and levers like e-sourcing, aggregation and low-cost country sourcing deliver.

Category management 120

Category management Buyers Influencing Sourcing 120

Procurement Leaders

JUNE 20, 2023

Others aim for a steady state approach, gradually embarking on new categories as the function’s influence expands. As such, we tend to see the maturity of categories evolve as the business gradually realises the value of strategic sourcing. These areas of spend have historically resisted procurement influence.

Procurement team 147

Procurement team Procurement Influencing Buyers 147