ProcurePort

JULY 27, 2022

• Strategic sourcing is a practice in procurement that seeks to utilize a single, integrated process for purchasing and supply chain management. So, as opposed to sourcing which is the actual […]. So, as opposed to sourcing which is the actual […].

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

ProcurePort

JULY 13, 2022

• The quest for efficiency and agility in supply chains has led companies to develop relationships with suppliers from all over the world. Companies cannot limit themselves to only sourcing from one supplier or market when value opportunities abound elsewhere.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Agile and Lean Supply Chain 130

Procurement Templates

NOVEMBER 21, 2024

Mastering these skills not only optimizes procurement processes but also positions managers as strategic business partners. Resources: Online courses on strategic sourcing (e.g., SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g., SAP, Oracle) Procurement software (e.g.,

Agile and Lean Supply Chain 130

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

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 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

ivalua

NOVEMBER 27, 2019

So what does “good” strategic sourcing look like? The primary difference between Strategic Sourcing and “good” Strategic Sourcing is contextualized flexibility. If Procurement follows a Strategic Sourcing process flow like a checklist, then all Strategic Sourcing projects will start and end in the same way.

Strategic sourcing 113

Strategic sourcing Strategic sourcing Sourcing Suppliers 113

Supply Chain Dive

JUNE 7, 2024

Justin Neff will build sourcing and aircraft management best practices, engine acquisitions and maintenance support agreements.

Strategic sourcing 134

Strategic sourcing Strategic sourcing Sourcing Supply chain 134

Procurement Templates

MARCH 3, 2024

I asked my assistant to help me mock up a strategic sourcing framework and she did a fairly good job but made a few mistakes. By the way, when doing sourcing preparations it doesn’t mean that you can’t work on multiple parts at once and go back and forth before the tender is issued but there is a typical order.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Supply Chain Dive

AUGUST 8, 2024

Guy Wagner will oversee the sourcing and distribution of GPO products and services for surgery, nursing and more.

Strategic sourcing 132

Strategic sourcing Strategic sourcing Sourcing 132

Procurement Freelancers

JUNE 10, 2023

To optimise an organisation’s supplier base, procurement experts employ strategic sourcing, a methodical, data-driven strategy.… … The post An Insight Into Strategic Sourcing first appeared on Procurement Blog | Procurement & Supply Chain News.

Strategic sourcing 95

Strategic sourcing Strategic sourcing Sourcing Supply chain 95

ivalua

JUNE 29, 2020

We believe that a key pillar of this transformation is the supply chain. With such growth comes supply chain complexity. Shift towards self-contracting and self-distribution: With health systems gaining significant scale and wanting more control over their supply chain, this shift is accelerating.

Agile and Lean Supply Chain 219

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 219

Procurement Freelancers

FEBRUARY 14, 2023

Planning and strategy are necessary when sourcing goods from another nation. It is not like… The post Importance Of Strategic Sourcing Consultants first appeared on Procurement Blog | Procurement & Supply Chain News.

Strategic sourcing 89

Strategic sourcing Strategic sourcing Sourcing Import 89

Supply Chain Brain

JULY 26, 2023

To be able to respond quickly to future supply chain disruptions, companies need to embrace strategic sourcing and inventory management.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Inventory Sourcing 98

ivalua

FEBRUARY 8, 2023

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Work to achieve 100% supply chain visibility.

Supply chain resilience 242

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

SCMDOJO

DECEMBER 29, 2024

In the vast sea of supply chain information, which SCMDOJO supply chain article truly stands out? Dive into our curated list of the top 12 blogs from 2024 that will elevate your supply chain knowledge and give you a competitive edge. Learn More About Evolution Of Supply Chain Management And Logistics 6.

Supply Chain Efficiency 87

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 87

ProcurePort

OCTOBER 4, 2022

• There is a lot of work that goes into a company’s sourcing and buying activities beyond just the transaction. In many cases, the nature of the transaction and the intended frequency of purchase will dictate the sourcing process. • The post Supply Chain Sourcing and Buying 101 appeared first on ProcurePort Blog.

Sourcing 147

Sourcing Supply chain Supply Purchasing 147

ivalua

FEBRUARY 25, 2021

ERP vs. Best-in-Class for Healthcare Supply Chain Management? Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts. The verdict?

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

IBM Supply Chain Blog

FEBRUARY 13, 2024

In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

Procurement Freelancers

APRIL 22, 2023

Many professionals are always seeking ways to lower expenses while maintaining the highest quality of… The post Steps Followed By Strategic Sourcing Agents For A Comprehensive Business Strategy first appeared on Procurement Blog | Procurement & Supply Chain News.

Strategic sourcing 97

Strategic sourcing Strategic sourcing Business strategy Sourcing 97

ivalua

JUNE 26, 2023

Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change. See you soon!

Supply Chain Efficiency 244

Supply Chain Efficiency Strategic sourcing Strategic sourcing Procurement 244

Spend Matters

APRIL 10, 2025

Supply chains are more complex than ever, stakeholder expectations are soaring and the sheer volume of data that procurement teams must sift through is overwhelming. It helps solve procurements biggest challenges, from managing tail spend and mitigating supply chain risks to detecting fraud and ensuring supplier compliance.

Supply Chain Efficiency 107

Supply Chain Efficiency Supply Chain Optimization Procurement Procurement team 107

Spend Matters

OCTOBER 31, 2024

“Unlike many ProcureTech companies, True ValueHub was founded and is run by procurement and supply chain industry practitioners. The traditional ways of driving cost savings with multiple RFQs, e-auctions, sourcing from low-cost countries are no longer very effective. What is the road ahead for True ValueHub? “We

Real-time Visibility 123

Real-time Visibility Supply Chain Efficiency Buyers Category management 123

Supply Chain Brain

OCTOBER 7, 2020

As organizations retool their supply chains for 2021, they have an opportunity to revisit their sourcing strategies, too.

Strategic sourcing 105

Strategic sourcing Strategic sourcing Sourcing Suppliers 105

Supply Chain Brain

JANUARY 27, 2022

This technology is changing the game for supply chain sourcing professionals, putting them in a position to streamline processes, mitigate supply disruptions, save money and significantly add to their top and bottom lines.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Supply chain 98

Jaggaer

FEBRUARY 20, 2025

What is Source to Pay (S2P)? Yet in the case of source to pay, it is wholly justified. That said, many organizations, including large enterprises, may not think in terms of source to pay as an end-to-end process, if they think about it at all. Yet there are good reasons to do so.

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

ProcurePort

JULY 7, 2021

Are you thinking of developing a new sourcing risk management plan? Wondering how to better mitigate supply chain risk when sourcing? The post 5 Critical Supply Chain Risk Mitigation Principles for Sourcing appeared first on ProcurePort Blog. You see, risk management […].

Chief Procurement Officer 130

Chief Procurement Officer Risk Sourcing Supply chain 130

ProcurePort

MAY 17, 2022

• Strategic sourcing is a combination of activities aimed at aligning a company’s procurement spend with its overall objectives. The sourcing strategy balances numerous variables in supply chains as well as the various interests of internal […]. The post What is Sourcing Strategy and Why is it Important?

Sourcing 130

Sourcing Import Strategy Strategic sourcing 130

Spend Matters

FEBRUARY 13, 2025

Identifying the need for foundational technology and processes Before joining Utz as its SVP Procurement, Ron had been consulting with the Supply Chain department working on a number of different projects. In addition, the broader supply chain organization was working to implement other new tools and processes.

Influencing 106

Influencing Procurement supply chain budgeting e2e 106

SCMDOJO

FEBRUARY 21, 2025

Why Your Procurement Strategy is More Critical Now Than Ever Before In an era of global supply chain disruptions, a robust procurement strategy is no longer optionalits essential. Optimize costs without compromising supply chain continuity. Increased costs due to emergency sourcing. Want to achieve these benefits?

Supply Chain Optimization 53

Supply Chain Optimization Agile and Lean Supply Chain Supply Chain Efficiency Supply chain 53

Skill Dynamics

FEBRUARY 13, 2025

Supply chain and procurement have undergone a seismic change in recent years. Increased globalization, constant digital transformation, and ever-evolving consumer demands have led to a situation where traditional supply chain skills are simply no longer enough for success.

Supply Chain Optimization 52

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

ivalua

MAY 30, 2023

Procurement and supply chain teams will play a crucial role in making this vision a reality. By maximizing resource utilization and implementing careful procurement management, the government can source the best goods and services at the most competitive prices.

Eprocurement 49

Eprocurement Procurement Supply Chain Efficiency Supply chain resilience 49

ivalua

JULY 21, 2021

REV Group embarked on its sourcing and procurement transformation earlier this year, which included four appointments to REV’s global sourcing and supply chain team, representing the Fire & Emergency, Commercial and Recreation segments. Benefits include: Shortened sourcing cycle times. ABOUT CONSUS GLOBAL.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply Chain Optimization Supply chain Competitive bidding 130

Strategic Sourceror

JANUARY 20, 2023

Supply chain challenges have dominated international headlines, and much of the focus has been on the fallout from the COVID-19 pandemic and the lingering consequences of the public health crisis. Flooding could severely impact the resiliency of global supply chains. Food and Drug Administration (FDA).

Supply chain 142

Supply chain Raw materials Supply Strategic sourcing 142

Supply Chain Game Changer

MARCH 14, 2022

Subscribe to Supply Chain Game Changer. Supply Chain Education and Certification – What’s Missing? If you’re looking to start or improve your career in the field of supply chain management courses, you might be wondering where to start. Supply Chain Management Courses.

Supply chain management 115

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

Procurement Templates

DECEMBER 11, 2024

Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Risk Mitigation: Identify and manage procurement risks by ensuring supplier reliability, diversifying sources, and monitoring market trends.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

Supply Chain Brain

MARCH 23, 2023

Strategic sourcing aims to create long-term value by optimizing the procurement process.

Strategic sourcing 64

Strategic sourcing Strategic sourcing Sourcing Procurement 64

ivalua

APRIL 2, 2019

Pacific Drilling requires a fast, efficient and automated sourcing process to support the company’s Purchasing processes. The company chose Consus and Ivalua for their deep capabilities in the Sourcing space to support their critical Purchasing processes.

Sourcing 28

Sourcing Supply Chain Efficiency Chief Procurement Officer Supply Chain Optimization 28

Spend Matters

JANUARY 23, 2025

This, given the productivity constraints of modern strategic sourcing teams, means that they often must choose between refining the assumptions and calculations in their model and doing other things, like studying the broader market, building supplier relationships or solving tactical challenges like shortages.

Price 107

Price Negotiation supply chain software solutions Supply Chain Optimization 107