Strategic Sourceror

JANUARY 20, 2023

When transportation centers near critical waterways are unable to deliver goods beyond their central distribution points, manufacturers located further inland are unable to source the raw materials needed to deliver finished products. Flooding could severely impact the resiliency of global supply chains.

Supply chain 142

Supply chain Raw materials Supply Strategic sourcing 142

ProcurePort

NOVEMBER 24, 2020

A lot of people often use the terms procurement and sourcing interchangeably. Procurement is best described as the business of obtaining the raw materials needed by a company. Sourcing, on the other hand, is the operational process concerned with finding and vetting all […]. The post What is Sourcing?

Sourcing 165

Sourcing Raw materials Procurement Strategic sourcing 165

Strategic Sourceror

JANUARY 20, 2023

As demand for solar panels continues to increase, manufacturers' overreliance on China-produced polysilicon and other raw materials used in the production of solar panels could put the solar supply chain at serious risk. Brought to you by the StrategicSourceror.

Raw materials 62

Raw materials Strategic sourcing Strategic sourcing Supply chain 62

Strategic Sourceror

JANUARY 20, 2023

Raw materials procurement could fuel further inflation Raw materials are in short supply and many manufacturers are finding it difficult to source the materials they need to fuel their production processes. Businesses might respond to inflation by overstocking warehouses, which could make inflation worse.

supply chain budgeting 62

supply chain budgeting Raw materials Supply chain Supply 62

Arkestro

DECEMBER 5, 2022

With globalization, raw materials may come from across the globe. Raw Materials Shortages. For instance, raw materials like wheat and corn could become more scarce with the Russia-Ukraine conflict. The company that can move more quickly will secure the contract for the raw materials that are in short supply.

Raw materials 98

Raw materials Procurement Agile and Lean Supply Chain Supply Chain Optimization 98

Strategic Sourceror

FEBRUARY 6, 2023

Brent Nykoliation, executive vice president of NextSource Materials, told the Journal that this could be a massive predicament for automakers, given how much of a traditional car battery is composed of graphite. "Graphite always seems to be the forgotten battery material, yet it's in half the battery," Nykoliation said.

Raw materials 140

Raw materials Strategic sourcing Strategic sourcing Demand 140

Spend Matters

APRIL 4, 2024

Category management ChAI is a pricing and market intelligence solution that allows customers to understand future raw material prices, providing insights for procurement, risk management and finance, so that they can stay on top of market changes and provide visibility of short- to long-term forecasts.

Procurement 84

Procurement Risk management Raw materials supply chain software solutions 84

Supply Chain Game Changer

APRIL 19, 2022

Over the past 20 years I have been fortunate to have worked in various industries (Automotive, Electronics, Plastics, Oil/Gas, Financial and Communication Equipment) for various world class companies, with a focus on Strategic Sourcing and Procurement. What are some of your greatest achievements in Business?

Leadership 85

Leadership Raw materials supply chain software solutions Strategic sourcing 85

Strategic Sourceror

JULY 29, 2022

Union disagreements with ownership have led to the possibility of 115,000 railway workers going on strike – threatening a crisis affecting not just raw material transport, but also crops and imported goods. The rail union strike also provides a significant risk to companies looking to ship goods across the country.

Supply chain 98

Supply chain Raw materials Supply Strategic sourcing 98

Strategic Sourceror

OCTOBER 27, 2022

Many of those supply chains remain in rough shape in a variety of respects, from raw materials being hard to come by to staffing shortages. This was a sentiment shared by just about every product-based company during the pandemic, when the efforts designed to stamp out COVID-19 wound up wiping out supply chains more than anything else.

Collaboration 105

Collaboration Supply Chain Efficiency supply chain software solutions Supply chain 105

Strategic Sourceror

MAY 13, 2022

This puts the suppliers that provide you with these necessities in a bit of a predicament — especially when they have other customers who are looking for the same hard-to-find raw materials that you are. An approach that can help you more effectively manage this issue is to strengthen the relationships you have with your suppliers.

Suppliers 52

Suppliers Raw materials Strategic sourcing Strategic sourcing 52

Supply Chain Game Changer

MARCH 14, 2022

Strategic Sourcing & Vendor Managed Inventory. While there are plenty of great ways to save money on inventory , Strategic Sourcing and Vendor Managed Inventory (VMI) can be a particularly effective approach in managing costs and creating competitive supply chains. Supply Chain Management Strategy.

Supply chain management 115

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 115

Strategic Sourceror

OCTOBER 1, 2022

Over the past two years, the costs of goods and services have risen sharply for just about everything, including gasoline, food, raw materials and electronics. As with households throughout the U.S., small-business owners are struggling with the effects of massive inflation. Brought to you by the StrategicSourceror.

Raw materials 75

Raw materials Strategic sourcing Strategic sourcing Price 75

Strategic Sourceror

FEBRUARY 8, 2023

As automakers have scaled up production to keep pace with demand, they've wound up depleting certain raw materials. Chief among them is lithium, a rare earth mineral used in EV batteries. Brought to you by the StrategicSourceror.

Raw materials 62

Raw materials Export Supply chain Strategic sourcing 62

Una

OCTOBER 12, 2023

Sometimes, there simply isn’t enough supply of a raw material or finished product in the U.S., Market Dynamics The target market’s size, location, and growth potential can influence the choice of sourcing strategy. Conversely, standardized, low-complexity items may be suitable for offshoring to reduce costs.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply chain resilience supply chain budgeting 52

NLPA (Next Level Purchasing Association)

MAY 5, 2021

These are raw materials, subcontracted manufacturing services, components, hardware, and the like. After each classification, the procurement professional can develop a cost savings and sourcing strategy for each category. Become a member of one of the world’s largest procurement associations today. Cost Savings Ratios.

Raw materials 52

Raw materials Strategic sourcing Strategic sourcing Category management 52

Arkestro

MARCH 13, 2023

Resources / Case Studies / Global pharma firm leverages AI first offers to drive savings and shorten cycle time Global pharma firm leverages AI first offers to drive savings and shorten cycle time Procurement plays a pivotal roll in delivering the equipment and raw materials necessary to efficiently deliver on the critical goals of pharma industry.

Bidding 52

Bidding Raw materials Procurement team Strategic sourcing 52

Strategic Sourceror

DECEMBER 5, 2022

Close to 50% of respondents in the SAP survey said they anticipate more raw material shortages in 2023. A Blog for Procurement, Supply Chain and Purchasing Professionals, sponsored by Corcentric , a leading Procurement Service Provider, specializing in Strategic Sourcing, Procurement Resources and Procurement Advisory.

Inventory 62

Inventory Strategy Supply Chain Efficiency Management 62

Empowering CPO

JULY 17, 2023

From sourcing raw materials to securing high-quality services, procurement directly influences a company’s efficiency, productivity, and financial performance. Strategic Sourcing : Identifying optimal suppliers, negotiating contracts, and nurturing long-term relationships.

Procurement 52

Procurement Supply Chain Optimization Supply Chain Efficiency Strategic sourcing 52

Strategic Sourceror

MAY 22, 2022

Indeed, in the National Association of Manufacturers' quarterly survey , more than 88% of respondents cited the supply chain as their central pain point to better productivity and profitability, more so than the cost of raw materials or a lack of qualified talent. Brought to you by the StrategicSourceror.

Raw materials 52

Raw materials Strategic sourcing Strategic sourcing Supply chain 52

Strategic Sourceror

JUNE 30, 2022

Another issue power companies are facing is the lack of raw materials to actually generate the power. A Blog for Procurement, Supply Chain and Purchasing Professionals, sponsored by Corcentric , a leading Procurement Service Provider, specializing in Strategic Sourcing, Procurement Resources and Procurement Advisory.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Raw materials Supply 52

Arkestro

MARCH 13, 2023

Sourcing Scenario Picture this, you are on an automotive sourcing team (or maybe you don’t have to imagine because you already are!), The pandemic has already negatively affected raw materials you source from your usual Tier 3 suppliers to build vital vehicle parts. for a popular electric vehicle company.

Sourcing 52

Sourcing Strategy Raw materials Supply Chain Optimization 52

Skill Dynamics

OCTOBER 19, 2023

The result is thorough supplier assessments, negotiation of favorable terms, and, ultimately, optimized supplier relationships.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 52

Planergy

JANUARY 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. They supply components or assemblies derived from raw materials by Tier 1 suppliers. In the case of the t-shirt company, tier three is the raw material – cotton from a plant farm. Tier 2 Suppliers.

Suppliers 52

Suppliers Supply Chain Efficiency Raw materials supply chain budgeting 52

Planergy

DECEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Managing marketing procurement can help to ensure that the raw materials needed to create a product are available when they are needed. Best Practices for Your Marketing Procurement Process and Strategic Sourcing.

Procurement 52

Procurement Raw materials supply chain budgeting supply chain software solutions 52

Empowering CPO

JULY 17, 2023

It’s the complex process through which businesses source and acquire the goods and services they need to operate and grow. From securing raw materials to procuring top-tier services, these purchases directly impact a company’s efficiency, productivity, and bottom line.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Supply Chain Optimization 52

Supply Chain Game Changer

JULY 31, 2019

Procurement – the effective purchasing of raw materials, back-office goods and professional services – as well as Logistics – the orchestration of the movement of those goods – might not seem to be as important as sales, marketing, R&D or finance at first blush.

Supply Chain Efficiency 72

Supply Chain Efficiency Supply chain Supply chain management Supply chain management 72

Supply Chain Game Changer

MAY 12, 2020

This interview is with Danny Wang, Vice President of Sourcing and Procurement at Canada Goose. We worked in the Commodity Management organization, responsible for Strategic Sourcing and Procurement. In my opinion this sped up our ability to secure raw materials and start production at 5x the regular pace.

Leadership 66

Leadership Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 66

Supply Chain Game Changer

APRIL 16, 2020

A few weeks ago, we wrote about the impact of the Coronavirus epidemic on Supply Chains – specifically, how the emerging crisis in China had placed new pressures on companies importing finished goods and raw materials from overseas. During COVID-19, the world will depend on our profession to keep the world turning.

Agile and Lean Supply Chain 92

Agile and Lean Supply Chain Supply chain Import Supply chain management 92

Spend Matters

JUNE 19, 2023

What does a Sourcing Optimization solution do? Sourcing optimization is a focused view of sourcing solutions that emphasizes the ability to perform scenario planning, deep cost modeling and strategic sourcing decision optimization on award scenarios for large complex sourcing events.

Sourcing 77

Sourcing Bidding Price Suppliers 77

Empowering CPO

JUNE 21, 2023

It enables businesses to track and manage their expenses more effectively, identify trends in spending, and uncover opportunities for strategic sourcing and vendor negotiation. They could include direct and indirect expenses, such as raw materials, marketing, IT services, travel, and more.

Purchase orders 52

Purchase orders Data Purchasing Suppliers 52

Empowering CPO

JUNE 30, 2023

As a leading provider of procurement intelligence services, our mission is to empower Chief Procurement Officers (CPOs) and their teams with insightful, actionable data that drives strategic decision-making. It involves everything from sourcing and procurement to production, distribution, and logistics.

Supply Chain Optimization 52

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

Una

NOVEMBER 14, 2022

The global crisis of successive 20 th -century world wars solidified a transactional procurement process as countries rushed to secure raw materials to manufacture weapons, equipment, and machinery to power food production and produce consumer goods. But then came COVID-19. ( Cue ominous music.)

Procurement 98

Procurement Agile and Lean Supply Chain Supply Chain Efficiency Procurement team 98

SCMDOJO

SEPTEMBER 18, 2023

Their accountability extends beyond simple sourcing; it also includes strategic sourcing and buying products and services at the best cost. An example of procurement could be a manufacturing company sourcing raw materials from different suppliers to create their final product.

Procurement 97

Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 97

Procurement Software

MARCH 28, 2023

For example, the raw materials to produce a finished product would normally be considered addressable spend. Because they are usually not experts in negotiation, commercial terms, contract management, strategic sourcing and data analysis, even though they may be good at managing day-to-day supplier relations.

Contract 52

Contract Purchasing Procurement team Purchase orders 52

Planergy

JULY 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Some areas to focus on could be: Human Rights – Making an effort to improve working conditions not just at your company, but in the factories where your raw materials come from. Download Free Copy. Written by.

Sustainability 52

Sustainability Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 52

Procurify

JULY 20, 2022

Currently, manufacturing, labour, and raw material costs are rising worldwide. From making strategic sourcing decisions to maximizing saving opportunities, purchasing managers have a great impact on their company’s profitability, growth and productivity. Lack of visibility. In conclusion.

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 52