Jaggaer

OCTOBER 24, 2024

With the right supplier management tools , you can empower your procurement team to assess suppliers based on critical factors such as risk, sustainability, and real-time performance. A leading strategic sourcing solution should give you a 360° view. That makes agility a foundational part of your manufacturing strategy.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Supply Chain Game Changer

MARCH 26, 2019

In my Manufacturing experience the Procurement function was essentially split between Commodity Management (or Strategic Sourcing) and Tactical Buying. They would be responsible for Supplier selection, negotiations, terms and conditions, sourcing decisions, competitiveness, and performance management. Commodity Management.

Category management 62

Category management Management Strategic sourcing Strategic sourcing 62

Procurement Templates

JUNE 18, 2023

Strategic sourcing: Adopting strategic sourcing practices enables procurement to analyze the entire supply chain and identify cost drivers. By understanding the components and processes that contribute to the final product’s cost, procurement can explore opportunities to optimize and reduce expenses.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Supply Chain Opz

JUNE 1, 2014

Moreover, the aircraft manufacturers have to do whatever it takes to win the order long before the commencement of production. There are two things Boeing and Airbus have in common, utilization of lean manufacturing system and strategic sourcing concept. BMW uses a 12-year planning horizon and divides it into an annual period.

Agile and Lean Supply Chain 95

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Supply chain 95

TYA Suite

MAY 13, 2025

This strong internal engagement helps align with overall business objectives, ensuring that procurement activities contribute to broader goals such as cost reduction, operational efficiency, or product development. As a result, procurement becomes not just a function, but a core driver of business strategy.

Procurement 40

Procurement supply chain budgeting Supply Chain Efficiency Raw materials 40

Empowering CPO

NOVEMBER 20, 2020

Their procurement and sourcing department is more efficient and effective compared to their competitors. These best in class companies have a robust Spend Management and Strategic Sourcing Programs in place, every year they conduct spend analysis and opportunity assessment , and prepare sourcing road-map.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Quality 52

Let's Talk Supply Chain

JANUARY 9, 2023

15.34] A deeper dive into TraceGains Gather, a marketplace that invites customers to “experience sourcing nirvana.”. 19.56] A closer look at TraceGains’ configurable solutions for product development, which support customers in creating new formulas and finished goods. Let’s just get all these companies to connect.”.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Food and Beverage Supply Chain supply chain software solutions Supply Chain Efficiency 52

Empowering CPO

JUNE 30, 2023

These services can range from strategic sourcing and supplier management to purchase order management and invoicing. In an era where efficiency, cost-effectiveness, and strategic value are paramount, managed procurement services play a vital role. What Makes Up Managed Procurement Services?

Management 40

Management Procurement Supply Chain Efficiency Purchase orders 40

Supply Chain Game Changer

NOVEMBER 17, 2018

The evolution of buying & expediting, which was so common early on, to strategic sourcing and supplier relationship management was a significant transformation through the 1990s and beyond. My message is for young professionals to keep their options open and value diversity in opportunities.

Leadership 74

Leadership Supply Chain Optimization Supply chain Supply 74

Procurement Software

MARCH 5, 2024

This enables you to catch potential disruptions earlier in the design process to avoid delays in production. Part Analytics’s enterprise parts catalog, Part IQ, accelerates new product development. Their platform also offers thorough spend intelligence, allowing for in-depth strategic sourcing.

Real-time Visibility 52

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

Una

JANUARY 8, 2024

Businesses that constantly shake things up – whether in product development, processes, or business models – stay ahead of the curve. Procurement’s strategic sourcing can be the financial wizardry that keeps the business in a healthy financial position.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Agile and Lean Supply Chain Purchasing 52

Empowering CPO

JUNE 14, 2023

It is a strategic process that involves identifying business needs, sourcing suppliers, negotiating contracts, managing supplier relationships, and ensuring the timely delivery of high-quality products or services. This could involve joint product development, shared risk and reward models, or long-term partnerships.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Supply Chain Game Changer

JUNE 8, 2021

The more they can do to broaden their skillsets, whether in various supply chain functions or even on the dark side of product development, marketing, or other key business areas, the more valuable they will be to potential employers. My message is for young professionals to keep their options open and value diversity in opportunities.

Supply Chain Efficiency 97

Supply Chain Efficiency supply chain budgeting Supply chain Leadership 97

Planergy

OCTOBER 4, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Product Development. Product development is an important area where big data can be used to improve results. Businesses can determine what products people want and need by analyzing customer data.

Data 52

Data Import supply chain software solutions Quality 52

Supply Chain Game Changer

NOVEMBER 10, 2018

For example, when one retailer collaborated with a manufacturer on a co-branded product line, the manufacturer agreed to absorb the upfront product-development costs in return for an expanded share of the retailer’s product offerings across a wider set of categories.

Collaboration 66

Collaboration Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 66

Planergy

SEPTEMBER 6, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The Strategic Budgeting Process Creating a strategic budget involves the following steps: Set Long-Term Goals and Objectives Begin the strategic budgeting process by defining your organization’s long-term goals.

Budget 52

Budget Real-time Visibility Innovation Data 52

Procurement Software

MAY 23, 2023

Excellence in procurement is not just about the well-estabished pillars of strategic sourcing and delivering annual cost savings. Redesign Redesign the supply chain – for example by near-shoring and multi-sourcing to ensure the ability to react quickly to any shocks.

Procurement 52

Procurement supply chain budgeting Agile and Lean Supply Chain Suppliers 52