Procurement Tactics

OCTOBER 13, 2022

Strategic Sourcing Manager — The Ultimate Guide. A strategic sourcing manager is a key person in ensuring that the strategic process is effective and efficient. In this article, we will discuss what a strategic sourcing manager is. Additionally, we will tell you the skills needed to be a strategic sourcing manager. .

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Strategic sourcing Strategic sourcing Sourcing Management 200

Supply Chain Queen

FEBRUARY 27, 2024

Sustainable supply chains can address the key drivers of forest and biodiversity loss in the agriculture and forestry sectors, fueling biodiversity conservation and responsible sourcing of commodities like palm oil, soy, timber, and much more.

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Sustainability Supply chain Risk management Sourcing 130

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.

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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?

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Contract Sourcing Purchase orders Bidding 156

ProcurePort

MAY 10, 2023

• Improved Cost Efficiency: Strategic sourcing software enables businesses to analyze and optimize their procurement processes, resulting in significant cost reductions and improved supplier negotiation outcomes.

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Strategic sourcing Strategic sourcing Sourcing Supplier negotiation 130

Supply Chain Dive

APRIL 18, 2023

Insolvencies, COVID-19 disruption and ties to forced labor raise the possibility for delays and reputational harm, according to analytics firm Everstream’s annual risk report.

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Risk Sourcing Supply chain Supply 137

ivalua

FEBRUARY 10, 2023

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. S2P: Where to Start Ivalua provides a comprehensive set of integrated solutions that span the entire Source-to-Pay lifecycle.

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Price Strategy Sourcing Real-time Visibility 264

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.

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Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 91

Una

APRIL 18, 2023

EPISODE 111 Taking Intelligent Risks with Mark Trowbridge By Kelly Barner | April 19, 2023 We’ve all been mired in years of paralyzing risk and disruption… but could risk taking be just what this moment calls for? Yes – as long as the risks are “intelligent risks.”

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Risk Supplier relationship management Contract management Supply Chain Efficiency 133

Supply Chain Brain

NOVEMBER 21, 2023

Sphera said its tool gives businesses information regarding lead times for sourcing raw materials, risk events and real-time data on potential supply chain disruptions.

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Risk Raw materials Supply chain Sourcing 98

Spend Matters

JANUARY 2, 2024

After the last few tumultuous years, procurement teams are still facing steep challenges in getting ahead of supplier and supply chain risks. Some organizations have opted to invest in new, more robust supplier and third-party risk management (TPRM) systems, while others are optimizing their existing systems.

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Risk Suppliers Raw materials Risk management 80

ivalua

AUGUST 16, 2021

A checklist guide to getting the most out of your supplier risk management program. This reliance can increase supplier risk or uncover a large source of value and supplier innovation for organizations. . Objectives for Supplier Risk and Performance Management. Assess and mitigate risk across the supply chain.

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Risk Suppliers Management Supply Chain Efficiency 130

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 Learn more at www.ivalua.com.

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Purchasing Contract Sourcing Supplier relationship management 246

Supply Chain Dive

JANUARY 18, 2024

Embracing change can mean nearshoring, retooling distribution networks and paying suppliers more for materials, according to AlixPartners.

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Sourcing Risk Networking Suppliers 121

ivalua

APRIL 27, 2023

Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. You can connect with Vishal on Linkedin You May Also Like Source to Pay (S2P) What is Source to Pay Best Practice?

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Sustainability Risk Supply Chain Efficiency Agile and Lean Supply Chain 130

ivalua

SEPTEMBER 19, 2022

The past few years have highlighted serious deficiencies in prevalent supply chain strategies and the major risk that disruptions pose to corporate success. Organizational abilities to effectively assess risk and engage suppliers to mitigate it are woefully lacking in most cases. Are the supplier’s 3rd party risk ratings acceptable?

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Risk management Supply Chain Efficiency Supply Chain Optimization Risk 130

Spend Matters

FEBRUARY 19, 2024

This Spend Matters Vendor Analysis gives an overview of Kodiak Hub, a supplier management solution that consolidates all supplier information and data into one view with a focus on performance and risk. There are many old, new and developing stories about risk and the disruptions impacting business continuity and operations.

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Risk Suppliers Supplier relationship management Sustainability 102

Supply Chain Dive

JULY 12, 2023

Sole source models and a lack of raw material control are the product of short-term strategies, one Supply Chain Dive panelist said.

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Raw materials Sourcing Supply chain Risk 87

Spend Matters

MARCH 11, 2024

In this Spend Matters Vendor Analysis we provide an overview of VORTAL and its source-to-pay (S2P) solution. Traditional procurement processes can be complex, time-consuming and manual, leading to inefficiencies, a lack of transparency and increased risk. This content is for members only. Visit the site and log in/register to read.

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Procurement solutions Sourcing Procurement Market analysis 102

ivalua

SEPTEMBER 8, 2022

Originally published on Risk Management Monitor. The job of procurement is to ensure performance is as promised, risk is low and business objectives are being met through collaboration. Ivalua Supplier Risk and Performance Management Checklist. When suppliers are treated as partners, they can be a huge asset in times of trouble.

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Risk Suppliers Management Supply Chain Efficiency 130

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 Suppliers Price 130

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.

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Sourcing Ethics Sustainability Suppliers 130

ivalua

DECEMBER 7, 2022

Ivalua, a global leader in spend management , today announced that bol.com, the largest online retailer in the Netherlands and Belgium, has selected Ivalua’s solution to digitalize its indirect Source-to-Contract (S2C) processes. The project has been delivered in partnership with Accenture. Learn more at www.ivalua.com. Follow us at @Ivalua.

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Strategic sourcing Strategic sourcing Contract Sourcing 130

Supply Chain Brain

APRIL 15, 2021

Kevin Keegan, principal with PwC Strategy Consulting, explains the concept and rationale behind the use of dual sourcing of manufactured goods to reduce supply-chain risk.

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Risk Strategy Sourcing Supply chain 72

ProcurePort

JUNE 16, 2021

Procurement teams are always on the lookout for ways to reduce source-to-pay timeframes, maximize value, mitigate sourcing risk, and efficiently manage to spend. The post How to Improve Your Procurement with Category Profile Sourcing appeared first on ProcurePort Blog.

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Sourcing Procurement Procurement team Risk 130

Supply Chain Brain

APRIL 22, 2021

Descartes Systems Group, a global provider of SaaS for logistics business, announced it has used its global trade intelligence solution to assess sourcing risks for the critical supply chains identified in the Biden Administration’s Executive Order on America’s Supply Chains, including semiconductors, large capacity batteries, pharmaceuticals and strategic (..)

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Supply chain Risk Sourcing Supply 98

IBM Supply Chain Blog

DECEMBER 15, 2023

Open-source artificial intelligence (AI) refers to AI technologies where the source code is freely available for anyone to use, modify and distribute. Open-source AI projects and libraries, freely available on platforms like GitHub, fuel digital innovation in industries like healthcare, finance and education.

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Sourcing Innovation Data Collaboration 75

Una

APRIL 18, 2023

Pain Points in Procurement Series How Procurement Can Risk-Proof an Organization During a Recession Five steps procurement can take to risk-proof an organization against the impacts of a looming economic recession. A time to shine for Sourcing Heroes We often use the term “Sourcing Hero” here at Una.

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Risk Procurement supply chain budgeting Supply Chain Optimization 98

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?

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Strategic sourcing Strategic sourcing Sourcing Supplier relationship management 52

ivalua

OCTOBER 17, 2022

Ivalua, a global leader in spend management, today announced that it has been selected by Swedish steel manufacturer SSAB to further improve the efficiency of its procurement processes and uphold and strengthen supply chain risk management thanks to Ivalua’s Source-to-Contract (S2C) solution. Learn more at www.ivalua.com.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain supply chain software solutions 130

Spend Matters

AUGUST 8, 2023

Continuing our series of analyst observations on procurement tech market movements, this week we are considering the shift in CPO priorities towards supply-related risks. Having that option has become more important than ever, because we’ve all seen the consequences of not taking risk seriously enough.”

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Risk management Risk Management supply chain budgeting 91

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.

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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.

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Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

ivalua

APRIL 25, 2023

Ivalua, a global leader in spend management , and KPMG Norway today announced that Aker BP has gone live with Ivalua’s S2C and Supplier Relationship and Risk Management (SRM) solutions to streamline its direct and indirect procurement operations. Redwood City, CA, 25 April, 2023. Learn more at www.ivalua.com. Learn more at www.ivalua.com.

Contract 130

Contract Suppliers Supply Chain Efficiency Sourcing 130

Supply Chain Brain

JULY 8, 2022

Will supply chains ever learn the need for true risk management and resilience?

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Risk Sourcing Risk management Supply chain 105

Una

OCTOBER 20, 2022

Vendor Management and Mitigating IT Supplier Risk. Cost savings will always be on the plate, but vendor managers are now managing risk from a governance and compliance perspective. The risks of ineffective IT vendor management. It’s a huge challenge, [considering that you are also] open to compliance and privacy risks.”

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Vendor management Risk Suppliers Management 97

Una

AUGUST 21, 2023

The Human Factor in Strategic Sourcing How to allow for the human factor in strategic sourcing to drive the success of procurement process optimization and cost efficiency efforts. It’s a reminder that even the most carefully laid plans must allow for the human element, or risk derailment.

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Strategic sourcing Strategic sourcing Sourcing Ethics 52