Skill Dynamics

JANUARY 14, 2025

They can improve performance, lead to stronger strategic alignment, and enhance the career development opportunities for your procurement staff. A typical procurement competency framework covers several key areas, including but not limited to strategic sourcing, supplier management, risk management, and contract negotiation.

Procurement

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.

Procurement

Procurement Insights

JANUARY 3, 2025

20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. Analytics and insights from procurement data were minimal.

Agile and Lean Supply Chain

Supply Chain Game Changer

JULY 24, 2025

In today’s varying and dynamic business environment, sourcing and procurement have matured from approaches to securing inventory to becoming important arbiters of strategic advantage. Sourcing and procurement take on a meaning that transcends the mere buying of materials or services.

Sourcing

Procurement Insights

AUGUST 9, 2025

ISO standards influence procurement documentation and audit readiness. The 1980s–1990s rise of strategic sourcing marks the first steps away from a transactional cost focus. Compliance was internal—often varying widely by department. Procurement is seen as an administrative function.

Real-time Visibility

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. Moreover, it highlights the field’s evolving nature and emphasizes the influence of digital transformation, Industry 4.0,

Supply Chain Efficiency

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

ivalua

JULY 3, 2025

Impact on Margin, Delivery, and Risk Direct procurement plays a central role in determining your cost of goods sold (COGS), which directly influences your margins and overall profitability. By breaking down silos and providing a single source of truth, procurement teams can adapt to changing business needs while delivering measurable value.

supply chain budgeting

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

SCMDOJO

MARCH 24, 2025

The metric results in either a favorable or unfavorable variance, influenced by internal or external factors. Purchase Price Variance (PPV) can be tracked monthly, quarterly, biannually, or annually for a specific item or the overall spending over a given period.

Price

Procurement Software

JUNE 1, 2025

Strategic sourcing It continues to drive value creation. But modern sourcing requires less manual analysis and more strategic thinking. Procurement professionals must often influence without direct authority. They identify decision-making patterns and influence networks.

Procurement

ivalua

JUNE 23, 2025

Source-to-Contract (S2C) refers to the initial stages of the overarching Source-to-Pay (S2P) process. While S2P encompasses procurement’s full lifecycle, S2C focuses on strategic sourcing, supplier management, contract lifecycle management, and related processes.

Contract

HICX

AUGUST 11, 2025

Key Components of Procurement Orchestration Achieving effective procurement orchestration relies on several key areas to work together to streamline processes and enhance overall efficiency: Strategic Sourcing: Improves supplier selection by focusing on supplier compliance management , quality and cost-efficiency.

Supply Chain Efficiency

ivalua

AUGUST 6, 2025

Contracts might be negotiated directly by business units, and the data needed for strategic sourcing is often fragmented or, worse yet, unavailable. Without standardization and consistent oversight, indirect spend remains a major source of inefficiency and potential risk.

Real-time Visibility

Procurement Insights

MARCH 16, 2025

While they are distinct concepts, they complement each other in AI-driven procurement, strategic sourcing, and market intelligence. ABM helps simulate real-world procurement interactions , leading to better strategic sourcing, risk mitigation, and negotiation tactics. In summary, while Jon W.

Supply Chain Optimization

Pipefy

JULY 2, 2025

Because they directly influence your bottom line. Every late delivery, subpar component, or compliance slip can ripple across your supply chain.

Suppliers

Jaggaer

OCTOBER 24, 2024

However, establishing supply continuity, improving the customer experience, and minimizing risk across multiple supplier tiers can pay untold dividends. Environmental, social, and governance (ESG) goals : Your overall ESG footprint is impacted by suppliers.

Collaboration

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.

Price

Jaggaer

MAY 16, 2025

Procurement professionals are increasingly evolving into strategic value creation partners. This means that, beyond cost savings, they can also influence the top line. Procurement can influence logistics costs through tendering and smart negotiation. But the procurement transformation journey is far from over.

supply chain budgeting

Procurement Insights

APRIL 3, 2025

Partnerships with firms like Deloitte (announced October 2023) enhance its influence and resources. Potential Bias Post-Acquisition: ORO Labs acquisition of ProcureTech in March 2025, which includes ties to ProcureTech 100, could subtly influence DPWs ecosystem. While DPW remains independent, OROs prominence (e.g., Negative Aspects 1.

Real-time Visibility

Procurement Insights

JULY 2, 2025

The candy company case, along with numerous other examples of failed initiatives, demonstrates that effective channels of communication and collaboration between diverse stakeholders, both within and external to an organization, significantly influence the likelihood of achieving a collective “best result” outcome.

Supply Chain Optimization

Procurement Insights

MARCH 17, 2025

large enterprises, strategic sourcing). nnamu : Gained prominence through its unique tech and Beroe acquisition, signaling growing influence. Appeals to users valuing transparency and control over negotiation prep. nnamu : Targets mature procurement teams ready for AI-driven automation (e.g.,

Negotiation

Procurement Insights

JULY 1, 2025

Fit Score Link : This translates into high Fit Score alignment in areas like cross-functional collaboration, tech interoperability, and strategic sourcing visibility. Agent-based Model In Practice : Hansen emphasizes distributed decision-making by empowered nodes (people, bots, policies).

Agile and Lean Supply Chain

Supply Chain Game Changer

MARCH 3, 2025

Operating a beach gear store in Florida demands careful planning and strategic sourcing to ensure that customers find exactly what they need for their seaside adventures. It involves developing an appealing brand, and implementing effective online strategies for maximum reach and influence.

Sourcing

Una

NOVEMBER 1, 2022

Benefits of Strategic Sourcing and Best Practices. Let’s look at what strategic sourcing is, its best practices, and five key benefits: What is the difference between strategic sourcing and procurement? Strategic sourcing best practices. Here are four best practices for strategic sourcing: 1.

Strategic sourcing

Una

AUGUST 21, 2023

The Human Factor in Strategic Sourcing How to allow for the human factor in strategic sourcing to drive the success of procurement process optimization and cost efficiency efforts. Strategic sourcing in procurement would be so easy if people weren’t involved!

Strategic sourcing

Supply Chain Opz

JANUARY 19, 2015

Strategic Sourcing has been used by companies of all sizes for years. In many companies, purchasing thus underwent a significant shift from being rather transactional and tactical, to a more strategic function, able to influence company growth. This commentary highlights some of the key principles to strategic sourcing.

Strategic sourcing

Jaggaer

JULY 4, 2024

Christian Heinrich, Co-Founder and Managing Director, c arbmee The 80% Challenge I was recently delighted to participate in a JAGGAER live webinar focused on the introduction, in recent years, of carbon emissions measurement as a factor in strategic sourcing. The objective of net zero carbon footprint is now familiar.

Strategic sourcing

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

Empowering CPO

DECEMBER 14, 2020

To answer this question, it is much simpler first to list down the reasons as to when a specific category should be taken up for Strategic Sourcing. This helps a procurement organization to list down its plan for the New Year and identify categories that should be taken up for sourcing. Once every year is the right frequency.

Strategic sourcing

Procurement Heads

FEBRUARY 16, 2023

For Procurement Heads ‘ latest CPO Spotlight, Sebastien spoke with Rupert Gaster about his career, how CPOs can influence an organisation’s sustainability agenda and what key achievements he’s most proud of. You play this pivotal role, and you have a lot of influence, but you don’t have a lot of power.

Influencing

Supply Chain Game Changer

MARCH 14, 2022

Strategic Sourcing & Vendor Managed Inventory. While there are plenty of great ways to save money on inventory , Strategic Sourcing and Vendor Managed Inventory (VMI) can be a particularly effective approach in managing costs and creating competitive supply chains. Operations Management.

Supply chain management

Procurement Tactics

JUNE 7, 2023

For example, external market forces like supply chain disruptions may influence pricing. Effective Strategic Sourcing Strategic sourcing can have a positive impact on purchase price variance by helping companies to improve their procurement processes and negotiate better prices with suppliers.

Price

ProcurePort

MAY 26, 2022

• The sourcing function within any organization is part of the broader procurement efforts. The sourcing function ensures that the organization is getting its products from the most suitable suppliers. • An effective sourcing strategy considers […].

Sourcing

Procurement Templates

JUNE 18, 2023

These courses cover topics such as strategic sourcing, supplier management, contract negotiation, procurement analytics, and risk management. Strategic Sourcing: Strategic sourcing is a key component of procurement leadership.

Leadership

Supply Chain Game Changer

NOVEMBER 13, 2018

As companies seek to discover ways to increase overall excellence and competitiveness, a new source of value has emerged – Strategic Sourcing. What is Strategic Sourcing? Strategic Sourcing does exactly the same by addressing the total cost. A Paradigm Shift in the Procurement Function.

Procurement

SCMDOJO

AUGUST 21, 2023

In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. As TikTok and influencers gain prominence, they’re reshaping consumer behavior and marketing. Discover the Top 10 TikTokers reshaping how you view supply chains.

Supply Chain Optimization