Sourcing Related Topics 
ProcurePort
MAY 18, 2022
• Sourcing is the process of finding the most suitable suppliers of goods and services to a company. When sourcing, a business has to consider the following constraints: cost, profit margins, and competitiveness. •
ProcurePort
JULY 20, 2022
• Strategic sourcing in any organization means the development of a methodology of gathering and using the information in a manner that leverages the purchasing power of an organization to maximize value in procurement. What this means is that strategic sourcing needs to be well thought out. It needs to be in sync with […].
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ProcurePort
NOVEMBER 2, 2023
Procurement Sourcing Overview: Procurement sourcing is finding and choosing suppliers to get things an organization needs. Importance and Strategies: Good procurement sourcing saves money, ensures quality, reduces risk, and allows for innovation. appeared first on ProcurePort Blog.
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. .
Advertiser: GEP
Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and risk management. The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supply chain disruptions and geopolitical tensions.
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. .
Spend Matters
OCTOBER 2, 2024
We look at how risks and incidents comprise a multitude of types which have origins both inside and outside of the organization and provide a detailed view of different risks and their sources. The post Risk is complex — The different types and sources of risk appeared first on Spend Matters. This content is for members only.
Advertiser: GEP
In response to these challenges, a leading heavy equipment manufacturer selected GEP to redesign its source-to-contract processes and implement a convergent data model to help manage procurement data across its multiple locations.
Advertiser: GEP
GEP’s sourcing expertise and market intelligence enabled the company to centralize sourcing and order management processes, strengthen key supplier relationships, and enhance supply chain resilience and agility. The result was a year-over-year savings of more than 3%.
Advertiser: GEP
Did you know that implementing generative AI reduces sourcing cycle times and allows for faster decision-making across procurement operations? Generative AI goes beyond just automating tasks and providing real-time answers.
Advertiser: GEP
By 2027, Gartner predicts that 40% of sourcing will be handled outside of the procurement function. How can procurement pros ensure that the process is efficient and unified for all users? For a synchronized and democratized approach to procurement, leaders are embracing total procurement orchestration solutions.
Advertiser: ZoomInfo
That's where ZoomInfo Recruiter comes in, helping bridge the gap when job sourcing and communication efforts stall on LinkedIn. LinkedIn Recruiter is an effective way to start the recruitment process for an open position. But that doesn't mean there aren't some frustrating roadblocks on the network.
Advertiser: GEP
What’s Inside: Exploring the importance of having a dedicated buy-side contracting team Leveraging tools to enhance efficiency and empower the legal and sourcing teams Establishing processes to gather and analyze contract data to spot trends
Advertiser: ZoomInfo
It's no secret that hiring for a senior management position is a tough task for recruiters, and remaining open to changes and seeking better ways to source candidates is critical. How to Source Talent. In this eBook, learn: The Discovery Processes. Ways to Reach Best-fit Candidates. Get ready to hire executives by downloading today!
Speaker: Fernando Penteado, CPSM - Supply Chain and Logistics Executive, Global Markets Expert, and International Speaker
Now, as a variety of disruptive events cause supply chain challenges, companies are contemplating bold moves to keep business moving, including moving sourcing and manufacturing closer to home markets and maintaining a larger reserve stock to help manage the fluctuations in supply and demand.
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