Product development Strategic sourcing supply chain budgeting 
ivalua
AUGUST 12, 2025
Enterprises today must treat strategic sourcing as a driver of long-term value rather than simply a cost-cutting measure. With rising supplier risk, evolving ESG mandates, and increasing pressure to innovate, traditional sourcing approaches can no longer keep up.
ivalua
JULY 3, 2025
Direct and indirect procurement are two fundamental approaches in supply chain management, each serving distinct functions within an organization. Both focus on improving efficiency and reducing costs but differ in their strategic approach and impact on the core business operations.
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Procurement Software
JULY 6, 2025
Think of common indirect categories: IT infrastructure Facilities management Capex for machinery & equipment Property maintenance Fabricated spare parts Promotional goods All of these require skilled negotiation to avoid costs that would otherwise hit the company’s budget. There’s no foolproof method.
Jaggaer
OCTOBER 24, 2024
Supplier Collaboration for Agility Your world is characterized by dynamic market conditions, shifting customer demands, new technologies, rapidly changing regulations, and frequent supply chain disruptions. Decision-makers must plan supply chain resilience strategies for a wide range of risk scenarios.
Procurement Software
JUNE 1, 2025
Strategic sourcing It continues to drive value creation. But modern sourcing requires less manual analysis and more strategic thinking. They understand product development cycles, marketing strategies, and operational challenges. Modern procurement teams compete for executive attention and budget allocation.
TYA Suite
MAY 13, 2025
The procurement team reviews these requests to ensure theyre aligned with the companys budget and strategy. Typically, a manager or procurement officer will examine the request to ensure it fits within the budget and complies with company policies. If necessary, they may suggest alternative solutions or adjustments to save costs.
IBM Supply Chain Blog
JANUARY 16, 2024
To remain competitive in today’s relentlessly paced and ever-expanding marketplace, companies must think carefully about what products they’re developing and how they’re developing them, continuously iterating their processes to maintain a competitive edge. These seven stages of product development are: 1.
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