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

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 105

Sourcing Strategy Supply Chain Efficiency e2e 105

ivalua

NOVEMBER 13, 2022

Ivalua, a global leader in spend management , today announced that Tchibo, one of the largest coffee roasters in the world, has chosen Ivalua and its partner Capgemini to digitize Source-to-Contract (S2C) for its indirect purchasing of goods and services. Founded in 1949, the company today has a turnover of €3.2 About Ivalua. ivalua.com.

Purchasing 246

Purchasing Contract Sourcing Supplier relationship management 246

Procurement Tactics

JULY 20, 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. Also, we will share some tips when sourcing goods or services in China.

Sourcing 130

Sourcing Quality Price Suppliers 130

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! What is Source-to-Contract?

Contract 156

Contract Sourcing Purchase orders Bidding 156

IBM Supply Chain Blog

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals.

Strategic sourcing 86

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 86

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. There is a growing trend among consumers for responsible sourcing or ethical sourcing.

Sourcing 130

Sourcing Ethics Sustainability Suppliers 130

ivalua

MARCH 18, 2021

Solution deployed in 10 days to improve direct material sourcing, increasing profitability. The platform was configured in 10 business days to deliver rapid value in the sourcing of direct materials. The platform was configured in 10 business days to deliver rapid value in the sourcing of direct materials.

Strategic sourcing 246

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 246

Supply Chain Trend

JANUARY 22, 2023

Decision making According to authors of the book Decision Quality , a decision is only made when resources are irrevocably allocation to the execution of the decision. Decision Quality If we make decisions, we want to have some decision quality. If not, the decision quality is near zero. So, what’s that?

Quality 88

Quality Inventory Demand Planning Influencing 88

IBM Supply Chain Blog

NOVEMBER 29, 2023

Sharing and monetizing a high-quality, privacy-protected synthetic replica with internal stakeholders or external business partners. Although adding noise slightly reduces output accuracy (this is the “cost” of differential privacy), it does not compromise utility or data quality compared to traditional data masking techniques.

Quality 88

Quality Data Risk Networking 88

Spend Matters

FEBRUARY 26, 2024

This is the first in a three-part series that covers Fairmarkit’s sourcing offerings. Part of the ‘tail spend challenge’ relates how much effort it can take to understand it, acquire sufficient visibility and ‘data quality’ and address it with SxM and sourcing solutions. This content is for members only.

Market analysis 97

Market analysis Sourcing Spend management Purchasing 97

Procurement Freelancers

NOVEMBER 20, 2023

Quality control (QC) is one of the most important facets of any sourcing or procurement…

Quality 74

Quality Procurement Sourcing Import 74

IBM Supply Chain Blog

MAY 15, 2023

The tool can help farmers improve water quality, protect biodiversity, save on fertilizer costs and make farming practices more sustainable. Apply to the 3rd Cohort by 5/31 Maintaining good water quality is crucial for the overall well-being of people and the environment.

Quality 83

Quality Sustainability Management Collaboration 83

Una

NOVEMBER 1, 2022

Benefits of Strategic Sourcing and Best Practices. In doing so, procurement professionals are ascending the corporate stairs to have a more visible seat in their business’s strategic sourcing. Strategic sourcing best practices. Here are four best practices for strategic sourcing: 1. Strategic sourcing is similar.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

Procurement Freelancers

APRIL 22, 2023

Many professionals are always seeking ways to lower expenses while maintaining the highest quality of… The post Steps Followed By Strategic Sourcing Agents For A Comprehensive Business Strategy first appeared on Procurement Blog | Procurement & Supply Chain News.

Strategic sourcing 97

Strategic sourcing Strategic sourcing Business strategy Sourcing 97

IBM Supply Chain Blog

JUNE 12, 2023

However, analytics are only as good as the quality of the data, which must be error-free, trustworthy and transparent. According to a Gartner report , poor data quality costs organizations an average of USD 12.9 What is data quality? Data quality is also critical for data governance. million each year.

Quality 68

Quality Data Strategy Sourcing 68

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. The Power of Data-Driven Decision-Making At the core of successful strategic sourcing lies the ability to make informed decisions based on robust data analysis.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

ivalua

MARCH 18, 2021

Solution deployed in 10 days to improve direct material sourcing, increasing profitability. The platform was configured in 10 business days to deliver rapid value in the sourcing of direct materials. The platform was configured in 10 business days to deliver rapid value in the sourcing of direct materials. 0207 436 0420.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Buyers 130

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

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

IBM Supply Chain Blog

AUGUST 2, 2023

However, analytics are only as good as the quality of the data, which aims to be error-free, trustworthy, and transparent. According to a Gartner report , poor data quality costs organizations an average of USD $12.9 What is data quality? Data quality is critical for data governance. million each year.

Quality 65

Quality Data Leadership Strategy 65

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

OCTOBER 26, 2022

Categories: Procurement Research , Sourcing , Supplier Management Tags: PRO This Spend Matters PRO Vendor Analysis gives an overview of MESH, a solution built for small to mid-sized US-based manufacturers that need to streamline their sourcing and quality engineering workflows. .

Sourcing 76

Sourcing Quality management Quality Buyers 76

ivalua

DECEMBER 21, 2021

Redwood, CA, 20th December 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that Canada’s largest co-operative, Federated Co-operatives Limited (FCL), has gone live with its source-to-contract solution which includes a seamless integration to TealBook, the leading supplier data foundation.

Contract 130

Contract Sourcing Suppliers Data 130

Una

JANUARY 31, 2024

Top Tips for Successful Sourcing From Overseas Suppliers in 2024 Get valuable insights into communication and cultural awareness and explore tips for successfully sourcing from overseas suppliers this year. In this environment, US sourcing professionals must sharpen their communication and cultural awareness skills to succeed.

Sourcing 52

Sourcing Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

ivalua

SEPTEMBER 20, 2021

Rapid Optimization of Contract Management, Supplier Management and Direct Materials Sourcing. This deployment is another significant step forward in the digital transformation of their overall supply chain processes, a journey that started last year with the successful rollout of Ivalua Sourcing solution for direct materials. .

Contract 130

Contract Collaboration Sourcing Contract management 130

Una

NOVEMBER 19, 2023

The Definition of a Sourcing Hero | Part Two Past guests from The Sourcing Hero podcast provide the definition of a sourcing hero and give examples of heroism in a business context. The definition of a sourcing hero At the close of every episode, Kelly traditionally asks each guest a question. We are all human.

Sourcing 52

Sourcing Agile and Lean Supply Chain supply chain software solutions Procurement 52

Procurement Insights

NOVEMBER 21, 2023

In my December 2019 post , Sorry, Charlie, there is something wrong with the world’s seafood supply chain I talked about consumer demand for tracking the seafood industry from source to plate. Here is my comment on their post regarding at which point should end-to-end, source-customer visibility begin in the manufacturing process?

e2e 81

e2e Real-time Visibility Sourcing Consumer demands 81

The Good Spending

JANUARY 26, 2022

Thoughtful sourcing management contributes to the competitive advantage. Suppliers contribute to it with quality, timeliness, cost-efficiency, and innovation. Yet, selecting the sourcing process - single or multiple - is a powerful tool to manage prices, improve relations , and mitigate risks.

Sourcing 52

Sourcing Quality Contract Suppliers 52

Arkestro

APRIL 25, 2023

Resources / Blog / Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Construction companies face a host of challenges in the post-COVID era. What Procurement Challenges Do Construction Companies Face?

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing supply chain budgeting Real-time Visibility 52

Supply Chain Game Changer

DECEMBER 10, 2020

Product Sourcing Agent article and permission to publish here provided by Joyce Chen at Epic Sourcing. A good supplier translates to high-quality products, satisfied buyers, good feedback, and repeat sales. On the other hand, a bad supplier means low-quality products, dissatisfied buyers, negative feedback, and a bad reputation.

Sourcing 53

Sourcing Supply Chain Efficiency Quality Buyers 53

Una

JULY 13, 2023

The Definition of a Sourcing Hero Past guests from The Sourcing Hero podcast provide the definition of a sourcing hero and give examples of heroism in a business context. The definition of a sourcing hero At the close of every episode, it has become a tradition of sorts for Kelly to ask each guest a question.

Sourcing 52

Sourcing Agile and Lean Supply Chain Supply Chain Efficiency Procurement 52

IBM Supply Chain Blog

NOVEMBER 3, 2023

Apache Kafka and Apache Flink working together Anyone who is familiar with the stream processing ecosystem is familiar with Apache Kafka: the de-facto enterprise standard for open-source event streaming. With the combination of Apache Flink and Apache Kafka, the open-source event streaming possibilities become exponential.

Sourcing 78

Sourcing Innovation Data Agile and Lean Supply Chain 78

Supply Chain Game Changer

SEPTEMBER 12, 2019

When you’re a food and beverage manufacturer, there’s no business more serious than quality control. Consumer safety and quality control go hand-in-hand for the food industry in a way that most other industries don’t have to deal with. An FDA-licensed food manufacturer must have detailed and rigorous quality control procedures.

Quality 55

Quality Supply Chain Efficiency supply chain software solutions Supply chain 55

Spend Matters

JULY 27, 2022

Categories: Sourcing , Supplier Information Management , supplier networks , Supplier Performance , Supplier Risk and Compliance Management , Suppliers Tags: PRO Direct materials management is a hot market for procurement solutions with few specialists on the market. and changed its name from Allocation Network to QAD Allocation.

Market analysis 87

Market analysis Sourcing Supplier relationship management Material management 87

Spend Matters

JULY 27, 2022

From the ability to have a material/BoM repository, to qualify and classify suppliers at a granular level, to run sourcing events with deep details on costs/cost drivers, to collaborate with suppliers on quality aspects, up to fostering cross-functional processes, the solution “speaks” to direct-material buyers. Read more. ).

Sourcing 76

Sourcing Material management Suppliers Buyers 76

IBM Supply Chain Blog

JUNE 14, 2023

But that’s all changing thanks to pre-trained, open source foundation models. Over the next few months, we’ll be making these models available for clients, alongside the open-source model catalog mentioned earlier. The foundation model capabilities within watsonx.ai

Sourcing 93

Sourcing Data Bidding Quality 93