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

Procurement Tactics

JUNE 7, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Sustainable Procurement Strategy — Embracing Sustainability Sustainable procurement strategy allows an organization to conduct its procurement processes that support its sustainability goals and objectives.

Procurement strategies 171

Procurement strategies Sustainability Strategy Procurement 171

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. .

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

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?

Contract 156

Contract Sourcing Purchase orders Bidding 156

Procurement Tactics

DECEMBER 26, 2022

Procurement Strategy Case Studies — 5 Insightful Examples. Setting the appropriate strategy in procurement is the first step to improving control and effectiveness of the overall procurement and sourcing activities. However, not everyone knows where to start in their strategy. . Or receive our famous weekly newsletter.

Procurement strategies 267

Procurement strategies Strategy Procurement Bidding 267

Spend Matters

MARCH 6, 2023

Categories: Commentary , Conferences , ERP , Source to Pay Tags: Webinar Jaggaer has released the recording of its recently held webinar “Elevating your source-to-pay tech strategy in 2023.” Continue reading for a condensed view of the webinar, as well as how to access the full recording. Read more. )

Sourcing 87

Sourcing Strategy Procurement strategies Procurement 87

ivalua

AUGUST 21, 2022

Among these practices are supplier identification through sourcing, relationship management, and reporting. Strategies to Improve Sustainability in Procurement. 55% of our respondents cited collaboration with all stakeholders to set improvement goals as top strategy to improve sustainability.

Procurement strategies 240

Procurement strategies Sustainability Strategy e2e 240

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 93

Strategic sourcing Strategic sourcing Business strategy Sourcing 93

Supply Chain Dive

MARCH 14, 2024

Falling commodity costs have lifted margins, while leaner inventories have helped improve operations and reduced markdowns.

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Sourcing Strategy Inventory 128

The Good Spending

AUGUST 17, 2023

In our earlier posts, we used to praise strategic sourcing. A sourcing strategy is at the core of strategic sourcing. This post will look at a sourcing strategy from an uncommon perspective, trying to prove its vital importance for the procurement profession. We suggest just three, which are rare.

Sourcing 52

Sourcing Strategy Import Strategic sourcing 52

Procurement Freelancers

DECEMBER 24, 2022

Effective sourcing involves finding the best suppliers and products at the most competitive prices and… The post Customized Sourcing Strategies From Skilled Consultants first appeared on Procurement Blog | Procurement & Supply Chain News.

Sourcing 52

Sourcing Strategy Price Supply chain 52

ProcurePort

SEPTEMBER 28, 2022

• In today’s business environment, a strategic sourcing strategy is critical for optimal operations. Strategic sourcing takes a long-term and proactive view of a company’s purchasing activities. The post 7 Key Trends of Strategic Sourcing appeared first on ProcurePort Blog.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Purchasing 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.

Sourcing 130

Sourcing Ethics Sustainability Suppliers 130

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. .

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Sourcing Ethics Sustainability Supply chain 193

ProcurePort

SEPTEMBER 6, 2022

• Procurement is a complex undertaking for organizations and requires a careful strategy to ensure it aligns with and supports the overall corporate strategy. The fact that firms can now source globally and […]. The post How To Build an Effective Procurement Strategy appeared first on ProcurePort Blog.

Procurement strategies 130

Procurement strategies Strategy Procurement Demand 130

Arkestro

MARCH 13, 2023

Resources / Blog / 3 Ways Arkestro Can Assist With Your Automotive Sourcing Strategy 3 Ways Arkestro Can Assist With Your Automotive Sourcing Strategy Automotive sourcing is complicated, and few supply chains are as complex. A collection of spreadsheets is not going to cut it for your automotive sourcing strategy.

Sourcing 52

Sourcing Strategy Raw materials Supply Chain Optimization 52

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 Price Suppliers 130

Arkestro

MARCH 13, 2023

Automotive sourcing is complicated, and few supply chains are as complex. Automotive parts shortages add to the layers of complexity in your automotive sourcing strategy. Sourcing Scenario Picture this, you are on an automotive sourcing team (or maybe you don’t have to imagine because you already are!),

Sourcing 52

Sourcing Strategy Raw materials Supply Chain Optimization 52

ivalua

JANUARY 13, 2023

As more and more organizations, countries, and cultures embrace diversity programs, unique certifications and data sources will increase exponentially. Specifically, Source-to-Pay solution providers are critical supplier diversity partners and customers should trust these partners to support their diversity initiatives. .

Suppliers 246

Suppliers Strategy Agile and Lean Supply Chain Ethics 246

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.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

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 ivalua.com.

Purchasing 246

Purchasing Contract Sourcing Supplier relationship management 246

IBM Supply Chain Blog

FEBRUARY 19, 2024

The pandemic and its aftermath highlighted the importance of having a robust supply chain strategy , with many companies facing disruptions due to shortages in raw materials and fluctuations in customer demand. Here’s how companies are using different strategies to address supply chain management and meet their business goals.

supply chain software solutions 86

supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 86

Supply Chain Brain

AUGUST 17, 2020

When it comes to global manufacturing and sourcing strategies, the coronavirus pandemic has amplified and accelerated a number of trends that were already well underway before it began.

Strategy 96

Strategy Sourcing 96

ProcurePort

MAY 26, 2022

• The sourcing function within any organization is part of the broader procurement efforts. The sourcing function ensures that the organization is getting its products from the most suitable suppliers. • An effective sourcing strategy considers […]. . • An effective sourcing strategy considers […].

Sourcing 130

Sourcing Influencing Supply market Suppliers 130

ProcurePort

APRIL 21, 2021

Source to pay is one of the core processes alongside procure-to-pay that procurement teams rely on to ensure raw materials and required services are available as and when needed. Understanding the S2P life cycle is vitally important as it will assist you in devising a strong procurement strategy, […]. Glad you asked.

Sourcing 130

Sourcing Raw materials Procurement team Procurement strategies 130

Supply Chain Brain

OCTOBER 27, 2021

Vipul Kumar, senior manager of procurement with Aranca, discusses how companies are seeking to supplement manufacturing in China with sourcing in alternative locations, to mitigate risk and control costs.

Sourcing 94

Sourcing Strategy Risk Procurement 94

ivalua

NOVEMBER 26, 2020

Supply Chain Strategies: What the Pandemic Has Taught Us So Far? While this strategy appears to be a viable solution, as there will be some shortening of supply chains moving forward, it is not realistic to expect that a vast global supply chain network will not continue to exist. Stalwarts of Business Planning Showing Cracks.

Agile and Lean Supply Chain 264

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Strategy 264

IBM Supply Chain Blog

DECEMBER 20, 2023

A successful business strategy dictates the allocation of resources and outlines how a company will achieve its strategic goals. Whether the organization is focused on developing new products or marketing an existing service to an under-served demographic, having a solid strategy will help an organization realize its long-term goals.

Business strategy 75

Business strategy Strategy Leadership Ethics 75

ProcurePort

MAY 5, 2022

• What is procurement strategy? Done right, it greatly facilitates cost mitigation, improves risk and supply chain management, and expedites sourcing. • In order to tap into all the benefits of procurement, however, it’s imperative to have a good procurement strategy. • The post What Is a Procurement Strategy?

Procurement strategies 130

Procurement strategies Strategy Procurement Supply chain management 130

IBM Supply Chain Blog

JANUARY 16, 2024

A finely tuned product development strategy is a holistic, cross-collaborative endeavor with the capacity to help any organization weather unforeseen events or market changes. Why is a strong product development strategy important? This will become the sample as materials and vendors are sourced for mass production.

Product development 80

Product development Strategy supply chain budgeting supply chain software solutions 80

Procurement Tactics

DECEMBER 5, 2022

Manufacturing Sourcing Company in India — The Ultimate Guide of 2023. However, why do companies source in India? In this article, we will talk about what a manufacturing sourcing company is. We will discuss why companies are starting to source in India. We will also show you some sourcing companies that you can trust. .

Sourcing 182

Sourcing Quality Suppliers Price 182

ProcurePort

JULY 1, 2021

The strategies and tactics that procurement professionals develop and choose to implement often affect one another. Constructing a strategy out of complimentary tactics, then, is a good way to optimize value […]. Constructing a strategy out of complimentary tactics, then, is a good way to optimize value […].

Strategic sourcing 130

Strategic sourcing Strategic sourcing Category management Sourcing 130

ivalua

MARCH 18, 2021

Solution deployed in 10 days to improve direct material sourcing, increasing profitability. The platform was configured in 10 business days to deliver rapid value in the sourcing of direct materials. The platform was configured in 10 business days to deliver rapid value in the sourcing of direct materials.

Strategic sourcing 246

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 246

IBM Supply Chain Blog

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. A procurement strategy is not merely a series of steps for acquiring goods and services. What is a procurement strategy?

Procurement strategies 70

Procurement strategies Strategy Procurement Supply Chain Efficiency 70

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. And from that group, 71% would pay a premium for it.

Strategic sourcing 84

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 84

Supply Chain Brain

OCTOBER 9, 2022

The luster of China as a source of low-cost production has been progressively fading, and the push for more responsible supply chains extends well beyond measuring carbon emissions.

Sourcing 96

Sourcing Supply chain Strategy Supply 96

IBM Supply Chain Blog

SEPTEMBER 5, 2023

Open-source software. DevOps, open source and the mainframe Open-source software and DevOps share a common philosophy and technical underpinnings. GitOps gets its name from Git, the hugely popular, open-source code-management tool. Such an architecture includes many open-source elements.

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Sourcing Collaboration Strategy Management 126