Remove Price Remove Real-time Visibility Remove Strategic sourcing Remove supply chain software solutions
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4 strategic sourcing use cases to strengthen your supply chain

IBM Supply Chain Blog

In this age of supply chain 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, strategic sourcing is for long-term business goals.

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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

The goal is to find suppliers capable of delivering based on specifications, pricing, quality, capacity, and other factors. Contract Negotiation After selecting the best supplier, the procurement team negotiates final contract terms like pricing, service levels, delivery timelines, warranties, and other legal and commercial conditions.

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7 Spend Analytics Software for Mid-Market Businesses

Procurement Software

Spend analytics software would be the first tech investment I’d make in a greenfield Head of Procurement role. To do this quickly and efficiently, spend analytics software is your best friend. This usually justifies the business case to invest in spend analytics software to categorise this quickly and more easily.

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The AI Advantage: Unlocking New Value for Procurement Teams

World of Procurement blog

Conducting market research : AI can scan the web to collect pricing information, identify potential suppliers, assess supplier reputations, and keep up-to-date with market and industry trends. This supports strategic sourcing efforts. Miscategorized expenses lead to incorrect reporting and missed opportunities for savings.

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Top 3 Reasons Predictive Procurement Orchestration is the Future of Procurement

Arkestro

Ensure your company has a steady supply of what it needs to produce its end product on time and at the lowest possible price. Strategic sourcing was in the spotlight. Ongoing Supply Chain Challenges. He writes: “The conflict in Ukraine is only the latest jolt to global supply chains.

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ESG In Supply Chain: Creating a Sustainable Value Chain

Planergy

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. ESG In Supply Chain: Creating a Sustainable Value Chain. How to report and analyze indirect spend to identify savings opportunities. Written by.

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The Future of Spend Analysis: Trends to Watch Out For

Empowering CPO

From data-driven decision making to real-time spend visibility, predictive analytics, supplier collaboration, intelligent automation, and data security, we will explore each trend in depth, shedding light on their significance and potential impact on businesses.