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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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Visibility is crucial for supply chains

Strategic Sourceror

As any supply chain professional will tell you, managing various day-to-day operations and keeping track of everything going on in the supply chain are among the most difficult parts of the job. Higher levels of proactivity The ideal supply chain should be proactive to risk and change rather than reactive.

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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. Why is visibility so important?

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Webinar Recap: Procurement 2022, Big Trends and Predictions

ivalua

Disruptions in global supply chains, labor market shortages, strong consumer demand. How can we mitigate technical, logistical, weather-related, and demand-driven supply chain disruptions? Organizations must shift focus toward strengthening their procurement processes and procedures to gain 100% supply chain visibility.

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Contract Management Process — Everything You Should Know

Procurement Tactics

Enhancing strategic sourcing through data analysis. Reducing exposure to existing procurement, financial, and legal risks. . Creating policies and contingencies easily to mitigate risks. . Possible methods to use to eliminate risks. Mitigate risks. Speeding and improving the overall process optimization. .

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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. Why is visibility so important?