SCMDOJO

FEBRUARY 21, 2025

Why Your Procurement Strategy is More Critical Now Than Ever Before In an era of global supply chain disruptions, a robust procurement strategy is no longer optionalits essential. The right procurement strategy ensures that organizations: Mitigate risks before they escalate. Want to achieve these benefits?

Supply Chain Optimization 54

Supply Chain Optimization Agile and Lean Supply Chain Supply Chain Efficiency Supply chain 54

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. Strategic Sourcing for SMEs The Human Factor in Strategic Sourcing Benefits of Strategic Sourcing 5.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supplier relationship management 52

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

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 59

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 59

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

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. Building Robust Supplier Relationships Successful strategic sourcing extends beyond transactional interactions with suppliers.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

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 52

Strategic sourcing Strategic sourcing Sourcing Ethics 52

IBM Supply Chain Blog

DECEMBER 13, 2023

The role of procurement extends beyond transactional activities. A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. What is a procurement strategy?

Procurement strategies 65

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 65

Procurement Insights

MARCH 16, 2025

pricing trends, geopolitical risks) and contextually compare it with internal procurement data. MCP ensures that AI remembers industry-specific risks and adapts procurement recommendations accordingly. Improved Outcome: More adaptive procurement strategies , helping organizations respond to supply chain disruptions.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

Spend Matters

JANUARY 6, 2023

Categories: Best Practice , Commentary , Procurement Strategy & Planning Tags: EU , Insights Series For several years now, Spend Matters has been collecting and publishing a series of articles about predictions and insights on procurement, supply and services trends for the year ahead from expert tech and service providers in the market.

Procurement solutions 104

Procurement solutions Procurement Strategic sourcing Strategic sourcing 104

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

Procurement Insights

MARCH 11, 2025

What is the difference between RAM and forestreet: Here are a couple of excerpts: RAM leveraged advanced self-learning algorithms through agent-based adaptability, interactive feedback loops, and a relational integration of data, enabling it to refine procurement strategies autonomously. NYCTA) Strategic sourcing (e.g.,

Suppliers 52

Suppliers Strategic sourcing Strategic sourcing Procurement strategies 52

Empowering CPO

JUNE 22, 2023

Introduction Welcome to our complete guide on the role of spend analysis in strategic sourcing. In the ever-evolving world of business, strategic sourcing has become a linchpin in corporate success. But how do we fuel the engine of strategic sourcing? Spend analysis is the catalyst for strategic sourcing.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Tactics

JUNE 7, 2023

PPV can indicate the success of procurement initiatives when analyzed in the appropriate context. It is important to take note that an unfavorable variance does not always suggest a procurement strategy issue. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2.

Price 130

Price Purchasing Raw materials Negotiation 130

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 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

Procurement Insights

DECEMBER 11, 2024

**Cognitive Computing Integration** : Cognitive computing systems, which mimic human thought processes, will be integral to procurement. This integration will streamline strategic sourcing, reducing cycle times and enhancing efficiency. Dangerous Myths 2007 – [link] Dangerous Myths (2007 2024) – [link] 8.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Sustainability 59

World of Procurement blog

APRIL 23, 2024

In this blog, we're diving deep into the realm of procurement strategy—discussing its importance, how to craft an effective plan, communicate it within your firm, measure its success, and understand different procurement methodologies, including agile procurement.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

World of Procurement blog

APRIL 23, 2024

In this blog, we're diving deep into the realm of procurement strategy—discussing its importance, how to craft an effective plan, communicate it within your firm, measure its success, and understand different procurement methodologies, including agile procurement.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Procurement Tactics

JUNE 28, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2.  Menu Course Library 1.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

World of Procurement blog

MAY 8, 2024

The procurement team manages the order, monitors quality, ensures on-time delivery, processes invoices, and handles any issues that arise during fulfillment. The key elements of procurement strategy include: Aligning with Corporate Strategy Procurement strategy starts with understanding the overall corporate strategy and business objectives.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Jaggaer

NOVEMBER 14, 2024

Strategic Sourcing with Superior Supplier Intelligence Superior supplier intelligence is a major value driver especially at the sourcing stage. It empowers procurement teams to make data-driven decisions that go beyond standard commercial metrics.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Chief Procurement Officer Supply Chain Optimization 52

Spend Matters

MARCH 8, 2023

Categories: Procurement Strategy & Planning , Procurement Systems & Architecture , Strategic Sourcing Tags: PRO In this Spend Matters PRO Vendor Analysis, we give an overview of akirolabs, a category strategy management solution built to support the transformation of procurement from a tactical function to the role of value orchestrator.

Strategy 98

Strategy Strategic sourcing Strategic sourcing Management 98

Arkestro

JUNE 4, 2024

Resources / Blog / Unleashing Efficiency: The Benefits of Autonomous Sourcing in Procurement Strategies Unleashing Efficiency: The Benefits of Autonomous Sourcing in Procurement Strategies Discover how autonomous sourcing revolutionizes procurement strategies, streamlining processes and maximizing efficiency for businesses of all sizes.

Procurement strategies 52

Procurement strategies Sourcing Strategy Procurement 52

CPO Rising

SEPTEMBER 17, 2024

Join Ardent Partners and Market Dojo on September 26th (2 PM ET) for a discussion on Sprint to Sourcing Gold: Optimize Your Procurement Strategy.

Procurement strategies 52

Procurement strategies Chief Procurement Officer Sourcing Strategy 52

Procurement Templates

JUNE 18, 2023

Elon Musk (Tesla, SpaceX): While primarily known for his involvement in the electric vehicle and space exploration industries, Elon Musk has demonstrated strong procurement leadership. He has implemented innovative procurement strategies to secure sustainable and cost-effective supply chains for Tesla and SpaceX.

Leadership 147

Leadership Procurement Agile and Lean Supply Chain Supply Chain Efficiency 147

Procurement Tactics

SEPTEMBER 8, 2022

Additionally, it should not be confused with strategic sourcing which is more focused on the long-term approach. Strategic sourcing promotes the timely supply of goods or services that are needed to meet the objectives of an organization. .

Procurement 226

Procurement Purchase orders Purchasing Strategic sourcing 226

Procurement Tactics

MAY 24, 2023

Strategic sourcing managers and procurement managers are typically responsible for managing supplier scorecards. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2. Procurement Strategy Course Take the lead with our proven 5-step procurement strategy 3.

Supply Chain Efficiency 186

Supply Chain Efficiency Vendor management Negotiation Quality 186

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

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 94

Sourcing Strategy Supply Chain Efficiency e2e 94

Spend Matters

FEBRUARY 27, 2023

Categories: Analytics , Procurement Strategy & Planning , Spend Analysis , Supplier Information Management Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Vendigital, its solution for spend and supplier analytics and how it pairs these tools with its consulting capabilities.

Suppliers 98

Suppliers Buyers Strategic sourcing Strategic sourcing 98

Procurement Tactics

AUGUST 25, 2022

Kearney where he spent 10 years in the consulting firm’s strategic IT and operations practice which drives client business transformation and optimization initiatives. He is a member of the advisory board for the world’s premiere global association for sourcing and procurement professionals. Editor's note: Hi there!

Procurement 231

Procurement Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 231

Procurement Insights

MAY 10, 2025

His Proprietary Historic Industry Archives include decades of case studies, articles, and insights, such as the Nokia-Ericsson supply chain risk study or his work with the Department of National Defence (DND) on indirect materials procurement. Cost reductions: Up to 30% through improved analytics and strategic sourcing.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 52

CPO Rising

SEPTEMBER 27, 2024

If you missed yesterday’s webinar “Sprint to Sourcing Gold: Optimize Your Procurement Strategy,” I emphasized the critical importance that eSourcing technology plays in a strategic sourcing program when it comes… The post eSourcing 2.0:

Chief Procurement Officer 52

Chief Procurement Officer Strategic sourcing Strategic sourcing Procurement strategies 52

SCMDOJO

DECEMBER 14, 2023

Limited Scope: Offers a more focused and individualized approach to the procurement process. Diverse Expertise: Leverages collective knowledge and resources for a more comprehensive and streamlined procurement process. READ MORE ON: “STRATEGIC SOURCING VS. PURCHASING – 7 KEY DIFFERENCES” at our website SCMDOJO!

Sourcing 103

Sourcing Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 103

Spend Matters

SEPTEMBER 20, 2022

Categories: Analysis , P2P , Procurement Strategy & Planning , Spend Analysis , Strategic Sourcing Tags: PRO This Spend Matters PRO Vendor Analysis updates an analysis of Cirtuo, a strategy management solution.

Strategy 74

Strategy Management Strategic sourcing Strategic sourcing 74

Una

JANUARY 4, 2023

Discover the basics of group purchasing and the benefits of working with a group purchasing organization to develop a comprehensive procurement strategy. By joining a group purchasing organization, businesses can often save money on their purchases, streamline their procurement processes, and access a wider range of goods and services.

Purchasing 92

Purchasing supply chain budgeting Procurement strategies Contract 92

Strategic Sourceror

JULY 28, 2022

And there is a consensus amongst analysts that over-optimistic procurement strategies across the retail sector have led to a predictable level of overstocking. The key thing to remember is that Walmart is certainly not alone in having to make some tough pricing choices. " Brought to you by the StrategicSourceror.

Inventory 100

Inventory Price Consumer demands Strategic sourcing 100