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Strategic sourcing enters a new age. Are you keeping up? (Part 2)

ivalua

In last week’s blog , I began discussing telltale signs that you have entered the new age of strategic sourcing. Leading manufacturers have proven that best-in-class strategic sourcing can create measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability.

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Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience

ivalua

As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these. But building an agile, resilient supply chain doesn’t happen overnight; it requires forethought and planning.

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Pandemic Prepared! 8 Steps to Building Supply Chain Resilience

ivalua

Procurement teams had to work closely with suppliers to find creative ways to solve problems, and they instantly realized the benefits of transparency in their supply chains and supplier risk management for business continuity in times of crisis. Strategic sourcing professionals may end up doing tactical work, as well.

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Role-Based Training for Procurement & Supply Chain Teams

Skill Dynamics

Because skills gaps can significantly impede performance and therefore supply chain success, it’s vital to address and overcome them. Frequent skills gaps include: Risk management – key for avoiding supply chain disruptions. Efficient and streamlined supply chain operations.

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8 Steps to Building Supply Chain Resilience for Manufacturers in a Post-Covid World

ivalua

Procurement teams had to work closely with suppliers to find creative ways to solve problems, and they instantly realized the benefits of transparency in their supply chains and supplier risk management for business continuity in times of crisis. Strategic sourcing professionals may end up doing tactical work, as well.

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5 Advantages of Supplier Relationship Management Software

Procurement Software

It provides a means to better monitor, spot, and address supplier-related risks. Many of today’s SRM software solutions include risk management, compliance management, and due diligence capabilities/functionality. The journey towards smart strategic sourcing starts with Kodiak Hub. About Kodiak: .

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5 Advantages of Supplier Relationship Management Software

Procurement Software

It provides a means to better monitor, spot, and address supplier-related risks. Many of today’s SRM software solutions include risk management, compliance management, and due diligence capabilities/functionality. The journey towards smart strategic sourcing starts with Kodiak Hub. About Kodiak: .