Empowering CPO

FEBRUARY 11, 2024

Introduction In the ever-evolving landscape of procurement, organizations are turning to strategic sourcing services to navigate the complexities and achieve sustainable success. At EmpoweringCPO, we understand the pivotal role it plays in optimizing the supply chain, reducing costs, and fostering long-term competitiveness.

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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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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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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.

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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.

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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.

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Empowering CPO

JANUARY 28, 2024

Introduction In the dynamic realm of procurement, organizations strive to not only meet their immediate needs but also to establish sustainable and cost-effective supply chains. By adopting this approach, organizations can strategically manage their procurement processes to achieve significant cost savings and operational efficiency.

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Empowering CPO

FEBRUARY 1, 2024

Introduction In the ever-evolving landscape of procurement, organizations are realizing that strategic sourcing is not merely a process but a comprehensive approach that can redefine the trajectory of businesses. Our approach encompasses the development and implementation of cutting-edge procurement dashboards and tools.

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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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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.

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Future Purchasing

OCTOBER 4, 2022

Areas to consider would include current performance issues, current and future business requirements, current and future spend, cost structures, suppliers, supply markets, supply chains, technology roadmaps etc. It creates cost efficiencies across spend categories and minimises supply risks through improved supplier selection.

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Supply Chain Brain

MARCH 23, 2023

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

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Empowering CPO

JUNE 22, 2023

Introduction Welcome to our complete guide on the role of spend analysis in strategic sourcing. In the ever-evolving world of business, strategic sourcing has become a linchpin in corporate success. But how do we fuel the engine of strategic sourcing? The answer lies in the powerful tool of spend analysis.

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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.

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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?

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ivalua

JULY 15, 2015

Since its inception in the late 1980s, strategic sourcing has always been about getting the best value for the goods and services purchased from third party suppliers. Strategic sourcing requires an intense focus on the total cost of ownership, while incorporating customer needs, organizational goals, and market conditions.

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ivalua

JULY 22, 2015

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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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 […].

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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!

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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.

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Supply Chain Brain

OCTOBER 7, 2020

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

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ivalua

NOVEMBER 19, 2015

If you happen to be a strategic sourcing professional within the manufacturing industry, you probably are experiencing many challenging days at the office. And this is exactly where sourcing and supply chain professionals can make a name for themselves. The post Want to be a Strategic Sourcing Rising Star?

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ivalua

NOVEMBER 25, 2015

However, few manufacturers ever sit back and ask, “How can our procurement or strategic sourcing initiatives contribute to the overall customer experience?” I would argue that, if you’re in manufacturing, strategic sourcing is the first place to start shaping the customer journey. Lastly, let’s discuss innovation.

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Supply Chain Dive

MARCH 26, 2024

Nelson Griffin previously served as SVP of strategic sourcing at a purchasing and services cooperative for Subway franchisees.

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World of Procurement blog

APRIL 23, 2024

Welcome to the fascinating world of supply chain management (SCM)! What Is a Supply Chain? At its most basic, a supply chain is a system consisting of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer. What Is a Supplier?

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World of Procurement blog

APRIL 23, 2024

Welcome to the fascinating world of supply chain management (SCM)! What Is a Supply Chain? At its most basic, a supply chain is a system consisting of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer. What Is a Supplier?

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Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

Sourcing Solved

MARCH 15, 2022

Being able to think outside of the box is an attribute that is very important given our highly complex global supply chains. Let’s face it, based on how automation and the advent of AI technologies are transforming the role of procurement professionals from functional to strategic; it makes sense to look for new skills.

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Procurement Freelancers

OCTOBER 18, 2023

Businesses encounter various problems and uncertainties in the complex and changing terrain of contemporary supply… The post Why Supplier Sourcing Solutions Are Essential for Modern Supply Chain Management? first appeared on Procurement Blog | Procurement & Supply Chain News.

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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.

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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.

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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.

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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).

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ProcurePort

JUNE 29, 2022

Today, supply chain and transportation costs amount to 60% to 70% of total sales, depending on the company and industry. • The post Types of Sourcing Strategies in Procurement appeared first on ProcurePort Blog. So, it’s advisable to put considerable time into designing a procurement strategy […].

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ProcurePort

MAY 27, 2021

The coronavirus pandemic has revealed major weaknesses in the retail supply chains of numerous organizations. The worldwide supply chain disruption and shock exposed vulnerabilities that made many CPOs question the resilience of their supply chains. The post What is Meant by Intelligent Sourcing?

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ProcurePort

JUNE 23, 2021

How has technology impacted procurement and sourcing in the supply chain? With increasing pressure to mitigate spend and streamline processes, Chief Procurement Officers have turned to digital sourcing and digital solutions for help. Technology has revolutionized every industry and procurement is no exception.

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ProcurePort

APRIL 7, 2021

What is direct sourcing in recruiting and how does it affect your procurement efforts? When it comes to purchasing and supply chain management, sourcing plays a pivotal role. Sourcing is a key component of procurement. There are two types of sourcing […]. The post What is Direct Sourcing in Recruiting?

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ivalua

JUNE 1, 2022

From this discussion, we compiled a list of 8 critical supply chain management activities that to improve, build, and maintain supply chain resilience now and in the years to come. But building an agile, resilient supply chain doesn’t happen overnight; it requires forethought and planning.

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