ProcurePort

MARCH 3, 2021

The post Why do businesses need strategic sourcing? In biology, for example, it’s widely accepted that the very first organisms were single-cell organisms, the few arguments being that there was an even simpler organism that existed prior to that of the single-cell-organism. appeared first on ProcurePort Blog.

Strategic sourcing 147

Strategic sourcing Strategic sourcing Sourcing 147

Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Success: Best Practices and Key Strategies Of course, there are many definition s of source-to-pay but put simply, strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. How Has Strategic Sourcing Evolved?

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Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

ProcurePort

MAY 11, 2022

•The global nature of business today is such that a business can source items from anywhere in the world if it makes logistical and business sense. The post What Does a Strategic Sourcing Manager Do? Strategic Sourcing Roles and Responsibilities appeared first on ProcurePort Blog.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Management 130

Jaggaer

FEBRUARY 5, 2025

Complete Source to Pay cycle and Strategic Sourcing Guide An optimized Source-to-Pay (S2P) process helps businesses enhance procurement efficiency, reduce costs, and improve supplier collaboration. What is Source-to-Pay?

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Strategic sourcing Strategic sourcing Sourcing Real-time Visibility 52

ProcurePort

JULY 22, 2020

What is strategic sourcing? According to businessdictionary.com strategic sourcing is defined as “A method of managing procurement processes for an organization in which the procedures, methods, and sources are constantly re-evaluated to optimize value to the organization.” The post What is Strategic Sourcing?

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Strategic sourcing Strategic sourcing Sourcing Procurement 130

ProcurePort

MAY 10, 2023

• Improved Cost Efficiency: Strategic sourcing software enables businesses to analyze and optimize their procurement processes, resulting in significant cost reductions and improved supplier negotiation outcomes.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supplier negotiation 130

ProcurePort

NOVEMBER 25, 2021

Strategic sourcing involves optimizing a school’s overall spending with few suppliers, going through the process of establishing contracts as a university or as one educational institution, as opposed to every department or school having to go through this process themselves.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Contract 130

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.

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Strategic sourcing Strategic sourcing Sourcing Purchasing 130

ivalua

AUGUST 12, 2021

The post Consero: Procurement & Strategic Sourcing Forum appeared first on Ivalua.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Procurement 130

ProcurePort

MARCH 16, 2022

A strategic sourcing consultant is a person that helps other businesses to find the right suppliers for the items they need. In most cases, companies will engage a strategic sourcing consultant when sourcing from another country. It leads […]. It leads […].

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Strategic sourcing Strategic sourcing Sourcing Suppliers 130

ProcurePort

SEPTEMBER 15, 2022

• How can you take advantage of the Strategic Sourcing Process flow to get your organization back on track? The post Understanding The 7-Step Strategic Sourcing Process Flow appeared first on ProcurePort Blog. Marketwatch.com informs us that while the United States economy isn’t in a recession, it’s still depressing.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing 130

ivalua

NOVEMBER 28, 2020

The post Consero – Procurement & Strategic Sourcing Virtual Forum appeared first on Ivalua.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Procurement 130

Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Simplified: Best Practices for Maximizing Value Strategic sourcing goes beyond cost savings its about making informed decisions that drive long-term value. Now well dive into best practices in these critical areas to ensure a more effective and resilient sourcing strategy.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

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. Strategic sourcing tailors data collection, spend analysis, negotiation, market research, and contracting to achieve profitability and efficiency in purchasing and supply chain management.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

ProcurePort

JULY 1, 2021

The post How to Improve Strategic Sourcing with Category Management appeared first on ProcurePort Blog. This is because there are certain tactics that pair well together, and when done correctly, each is elevated by the presence of the other.

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Strategic sourcing Strategic sourcing Category management Sourcing 130

ProcurePort

JULY 13, 2022

. • Companies cannot limit themselves to only sourcing from one supplier or market when value opportunities abound elsewhere. The post Global Procurement Services and Strategic Sourcing – ProcurePort appeared first on ProcurePort Blog.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Agile and Lean Supply Chain 130

ProcurePort

APRIL 13, 2021

Two of the most common supplier-management strategies in the history of procurement are category management and strategic sourcing. The post Category Management vs Strategic Sourcing – Breaking Down the Differences appeared first on ProcurePort Blog. Both are valid options of developing […].

Strategic sourcing 130

Strategic sourcing Strategic sourcing Category management Sourcing 130

ProcurePort

JULY 28, 2021

The post What is the Difference Between Strategic Sourcing and Contracts? They are two separate parts of the procurement process and they each have their own distinguishing features. It’s these differences that we are going to explore in this blog but let’s begin with a few definitions. What is […].

Strategic sourcing 130

Strategic sourcing Strategic sourcing Contract Sourcing 130

Una

NOVEMBER 1, 2022

Benefits of Strategic Sourcing and Best Practices. Let’s look at what strategic sourcing is, its best practices, and five key benefits: What is the difference between strategic sourcing and procurement? 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

OCTOBER 4, 2021

The post Crelan Digitizes Strategic Sourcing with Ivalua appeared first on Ivalua. “We look forward to contributing to Crelan’s success thanks to our significant expertise in helping our Financial Services sector customers reach their process optimization and regulatory compliance goals.”.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supplier relationship management 130

CPO Rising

NOVEMBER 27, 2024

Join Ardent Partners and Coupa on December 11th (2 PM ET) as they discuss CPO 2025: Evaluating the Four Pillars of Strategic Sourcing.

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Strategic sourcing Strategic sourcing Chief Procurement Officer Sourcing 52

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. Can you spot the mistakes! She’s added in category analysis twice and then she added a RFQ before a PQQ which means the flow isn’t quite right.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

ivalua

DECEMBER 7, 2022

The post <strong>Bol.com Selects Ivalua to Digitalize Strategic Source-to-Contract</strong> appeared first on Ivalua. Learn more at www.ivalua.com. Follow us at @Ivalua. Global Media Contact. Corporate Communications media@ivalua.com.

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Strategic sourcing Strategic sourcing Contract Sourcing 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.

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Strategic sourcing Strategic sourcing Sourcing 131

RPF360

JUNE 22, 2022

The post RFP360 ascends to a leading position in G2’s Grid for Strategic Sourcing appeared first on RFP360. Customer reviews highlight RFP360's benefits including improved efficiency, increased productivity and enhanced collaboration. Read more in the full press release here.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Collaboration 130

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.

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Strategic sourcing Strategic sourcing Sourcing Supply chain 95

ivalua

MARCH 18, 2021

Massy, France 18 March , 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, and CKS BeNeLux today announced that Punch Powertrain has successfully deployed Ivalua’s platform to support the digital transformation of the strategic sourcing process. Tom Reynolds / Robert Fretwell. 0207 436 0420.

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Strategic sourcing Strategic sourcing Sourcing Buyers 130

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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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.

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Strategic sourcing Strategic sourcing Inventory Sourcing 98

ProcurePort

NOVEMBER 19, 2020

This means mining through data, staying updated on the latest technology being used within the organization for strategic sourcing, and staying on top of current market trends as well. However, taking this sentiment one step further, strategic businesspeople conduct continuous internal evaluations on their […].

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Sourcing Strategic sourcing Strategic sourcing Data 264

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 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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Strategic sourcing Strategic sourcing Business strategy Sourcing 97

Procurement Templates

NOVEMBER 21, 2024

Here’s a detailed guide to enhance procurement capabilities across various domains: Strategic Sourcing and Supplier Management Actionable Steps: Analyze Spend Data: Use spend analysis tools to identify areas where costs can be reduced or efficiencies improved. Resources: Online courses on strategic sourcing (e.g.,

Agile and Lean Supply Chain 130

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

Spend Matters

NOVEMBER 5, 2024

Ongoing training is important for procurement teams to keep up with the constantly evolving and advancing procurement tech and services landscape, specifically in niche areas such as category management, supplier management, negotiation and strategic sourcing and in the broader areas of change management and leadership.

Procurement 110

Procurement Competitive analysis Strategic sourcing Strategic sourcing 110

ivalua

JUNE 26, 2023

Vishal Patel and Peter Hunt delivered their session ‘Creating Value with Strategic Sourcing’ to discuss how Procurement professionals are recognizing that the fast-paced digital landscape of today demands new approaches to category management and strategic sourcing. The answer is simple – automation.

Supply Chain Efficiency 244

Supply Chain Efficiency Strategic sourcing Strategic sourcing Procurement 244

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.

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Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

Spend Matters

NOVEMBER 25, 2024

Overall, spend analytics plays a vital role in helping procurement teams drive strategic sourcing initiatives, enhance supplier relationships and ultimately contribute to the organization’s bottom line.

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Procurement team Market analysis Strategic sourcing Strategic sourcing 117