IBM Supply Chain Blog

FEBRUARY 28, 2024

Sourcing is getting smarter. To start, many organizations have already pivoted from a tactical to a strategic sourcing mindset—which can make all the difference when it comes to gaining and retaining a competitive advantage. But now, the benefits of strategic sourcing are becoming even more attainable thanks to innovation.

Sourcing 112

Sourcing Strategy Supply Chain Efficiency e2e 112

Procurement Templates

MARCH 3, 2024

I asked my assistant to help me mock up a strategic sourcing framework and she did a fairly good job but made a few mistakes. By the way, when doing sourcing preparations it doesn’t mean that you can’t work on multiple parts at once and go back and forth before the tender is issued but there is a typical order.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

ProcurePort

JUNE 29, 2022

• Robust and flexible procurement strategy can help you reduce operational and logistical experiences and equally serve as a competitive advantage. So, it’s advisable to put considerable time into designing a procurement strategy […]. . •

Strategy 130

Strategy Sourcing Procurement Procurement strategies 130

ivalua

FEBRUARY 10, 2023

Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. S2P: Where to Start Ivalua provides a comprehensive set of integrated solutions that span the entire Source-to-Pay lifecycle. Let’s explore further.

Price 264

Price Strategy Sourcing Real-time Visibility 264

Una

JULY 19, 2022

3 Reasons to Develop a Comprehensive Procurement Strategy. Because of this, it isn’t necessarily wise to approach procurement with a one-size-fits-all mentality. Benefits of building a comprehensive procurement strategy. Minimize costs and reduce sourcing errors. By Mackenzie Oakley | July 19, 2022.

Procurement strategies 98

Procurement strategies Strategy Procurement Supplier relationship management 98

Spend Matters

MARCH 11, 2024

At Spend Matters, it’s as important for us to get to know the requirements and opinions of the procurement community of practitioners as it is for us to understand the world of tech solutions and their providers. So it was good to see a nice mix of both presenting at Procurement Strategies and Innovation (PSI) last week.

Procurement strategies 94

Procurement strategies Innovation Strategy Procurement 94

World of Procurement blog

MAY 8, 2024

What is Procurement? Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

ProcurePort

APRIL 21, 2021

Source to pay is one of the core processes alongside procure-to-pay that procurement teams rely on to ensure raw materials and required services are available as and when needed. Understanding the S2P life cycle is vitally important as it will assist you in devising a strong procurement strategy, […].

Sourcing 130

Sourcing Raw materials Procurement team Procurement strategies 130

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

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. However, not many people know their real role in procurement. . In this article, we will discuss what a strategic sourcing manager is.

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

Supply Chain Dive

MARCH 14, 2024

The company has revamped its procurement strategy to focus on acquiring inventory from distressed and overstocked retailers and brands.

Sourcing 119

Sourcing Procurement strategies Inventory Strategy 119

Procurement Tactics

MARCH 23, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Source-to-Contract — The Ultimate Guide Source-to-contract is an important process in procurement. If you want to know about source-to-contract, then this is for you!

Contract 156

Contract Sourcing Purchase orders Bidding 156

ivalua

AUGUST 11, 2021

Responsible sourcing is the incorporation of ethical, sustainable and socially conscious principles into sourcing, procurement and overall supply chain management practices. Responsible sourcing requires a shift in thinking and priorities. This is actually proving to be a profitable strategy for many.

Sourcing 130

Sourcing Ethics Sustainability Suppliers 130

ivalua

APRIL 9, 2021

However, the research reveals that many organisations feel their procurement strategies are being hampered by outdated technology: Organisations believe that overly dispersed (72%), unactionable data (70%), and a lack of embedded best practices (70%) are limiting overall value from technology solutions.

Procurement strategies 130

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 130

Procurement Tactics

DECEMBER 5, 2022

Manufacturing Sourcing Company in India — The Ultimate Guide of 2023. However, why do companies source in India? In this article, we will talk about what a manufacturing sourcing company is. We will discuss why companies are starting to source in India. We will also show you some sourcing companies that you can trust. .

Sourcing 182

Sourcing Quality Suppliers Price 182

Arkestro

JUNE 20, 2023

Research-backed procurement strategies can help CFOs achieve their goals while minimizing risk exposure across global supply chains. By implementing the right strategies, CFOs can reduce costs while still maintaining high quality standards. You would like to work effectively together, but where do you even get started?

Procurement strategies 52

Procurement strategies Supply Chain Efficiency Strategy supply chain budgeting 52

ivalua

APRIL 8, 2021

However, the research reveals that many organizations feel their procurement strategies are being hampered by outdated technology: . For many organizations, procurement was crucial to keeping supplies flowing during the pandemic and minimizing the impact on profitability. comments David Khuat-Duy, Corporate CEO at Ivalua.

Procurement strategies 130

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 130

NLPA (Next Level Purchasing Association)

AUGUST 23, 2022

Annual strategy reviews are critical to strategic, tactical, and operational management. A Procurement strategy is a game plan or action plan by which a Procurement Function Mandate is implemented. Your organization has a Procurement Strategy, right? Table 1, Supply Chain Strategy data. We got you.

Procurement strategies 52

Procurement strategies Strategy Procurement Supply Chain Efficiency 52

Empowering CPO

FEBRUARY 11, 2024

Introduction In the ever-evolving landscape of procurement, organizations are turning to strategic sourcing services to navigate the complexities and achieve sustainable success. This intelligence empowers decision-makers to proactively adapt their sourcing strategies, ensuring resilience and agility in the face of market fluctuations.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

Procurement Tactics

MARCH 16, 2023

So without further ado, let us now delve into strategic procurement. What is Strategic Procurement? Strategic procurement is a crucial aspect for businesses across the globe as every organization wants to create an effective procurement strategy to ensure success and maximize value contribution.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

Procurement Tactics

JULY 20, 2022

33 Procurement Interview Questions in 2022. China Sourcing — The Ultimate Guide of 2022. China sourcing is popular with many professionals in the field of procurement. For this article, we will discuss what China Sourcing is. We will check how sourcing in China can be best for businesses. First Name.

Sourcing 130

Sourcing Quality Price Suppliers 130

Spend Matters

MARCH 6, 2023

Categories: Commentary , Conferences , ERP , Source to Pay Tags: Webinar Jaggaer has released the recording of its recently held webinar “Elevating your source-to-pay tech strategy in 2023.”

Sourcing 86

Sourcing Strategy Procurement strategies Procurement 86

Zycus Cognitive Procurement

JANUARY 24, 2023

Zycus recently conducted a virtual event for CPOs, Procurement Leadership Agenda and Narratives (PLAN 2023), where we invited industry experts and procurement thought leaders across the Europe to discuss the upcoming technology trends and procurement strategies for 2023.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Una

AUGUST 31, 2023

Overcoming Challenges with Strategic Sourcing for SMEs Explore how strategic sourcing for SMEs can help procurement professionals overcome the unique challenges of operating a small business. Should smaller organizations stay in their lane and concentrate on day-to-day tactical sourcing?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supplier relationship management 52

Una

NOVEMBER 1, 2022

Benefits of Strategic Sourcing and Best Practices. For decades, procurement professionals saw as much daylight as the basement-dwelling character Milton Waddams in Office Space. In doing so, procurement professionals are ascending the corporate stairs to have a more visible seat in their business’s strategic sourcing.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

Una

OCTOBER 9, 2023

How to Implement a Strategic Sourcing Process A play-by-play manual showing how to implement a strategic sourcing process that aligns with your organization’s goals, optimizes spend, and creates long-term value. At its core, strategic sourcing formalizes the process of finding, assessing, and choosing suppliers.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Spend Matters

NOVEMBER 17, 2022

The 73 providers that participate in Spend Matters SolutionMap are benchmarked and ranked in this way to give users an accurate update of procurement tech functionality that is data-driven to help them make informed choices about their software partners.

Sourcing 88

Sourcing Procurement strategies Sustainability Procurement 88

Spend Matters

FEBRUARY 8, 2023

Categories: Procurement Systems & Architecture , Sourcing Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of DeepStream and its solution for e-sourcing, which covers the entire Source-to-Contract (S2C) process. DeepStream was created to address these everyday pain points. Read more. )

Sourcing 64

Sourcing Buyers Procurement strategies Procurement 64

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. Why is procurement slow? The golden rule is to work smarter, not harder.

Sourcing 98

Sourcing Procurement Procurement team Contract 98

Barkers Procurement

MARCH 14, 2023

As well as benefiting from the digital tools the consultant has at their disposal (and which they may place at yours too), the consultancy can lend a major boost to your procurement strategy. From there, your team, business or department can make decisions and work with your consultants to devise a solid procurement strategy.

Procurement strategies 59

Procurement strategies Strategy Procurement Suppliers 59

Spend Matters

FEBRUARY 22, 2023

Categories: Cost Management , Procurement Strategy & Planning , Sourcing , Spend Analysis Tags: PRO In this Spend Matters PRO Vendor Analysis we give an update of LevaData, a solution built to support the sourcing process for direct materials.

Sourcing 79

Sourcing Supply Chain Optimization Procurement strategies Supply chain 79

Spend Matters

APRIL 22, 2024

Penny is a cloud-based procurement solution that covers the procurement journey from purchase requisition to sourcing to payments. Customers can pick and choose from an array of modules (Purchase Requisition, E-Sourcing, Orders, GRN, Bills, Payments).

Procurement strategies 85

Procurement strategies Purchasing Procurement solutions Buyers 85

Barkers Procurement

MARCH 14, 2023

As well as benefiting from the digital tools the consultant has at their disposal (and which they may place at yours too), the consultancy can lend a major boost to your procurement strategy. An IT procurement consultancy can identify your requirements Do you need a new system? Do you need procurement advice and support?

Procurement strategies 52

Procurement strategies Strategy Procurement Suppliers 52

Supply Chain Game Changer

APRIL 28, 2020

In many cases the use of single sourcing, or sole sourcing, Procurement strategies has limited the ability for Supply Chains to access alternate sources of supply and more rapidly support higher than normal demand levels. What is Single Sourcing or Sole Sourcing?

Sourcing 82

Sourcing Bidding Supply chain Suppliers 82

Supply Chain Game Changer

SEPTEMBER 25, 2019

All over the business landscape, more companies in more diverse industries are transforming their Procurement functions. They’re leaving behind more transactional models and becoming more strategic, implementing total cost of ownership Strategic Sourcing models, either centre-led or decentralized. Hey Procurement!

Procurement strategies 51

Procurement strategies Strategy Procurement Cost of ownership 51

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! Clear communication about your strategy is essential.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Ethics 52

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. Procurement Strategy Course Take the lead with our proven 5-step procurement strategy 3. Is your company sourcing directly or through third parties?

Supply chain analysis 226

Supply chain analysis Sustainability Supply Chain Efficiency Supply Chain Optimization 226