World of Procurement blog

MAY 8, 2024

Developing a Strategic Procurement Plan A detailed 3-5 year strategic plan turns the strategy into an actionable roadmap. The plan defines activities like category analysis, supplier consolidation, technology implementation, process re-engineering, skill building etc. Dual sourcing and supply chain digitization can help.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

World of Procurement blog

MAY 10, 2024

Conducting market research : AI can scan the web to collect pricing information, identify potential suppliers, assess supplier reputations, and keep up-to-date with market and industry trends. This supports strategic sourcing efforts. This data-driven approach takes much of the guesswork out of supplier selection.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Empowering CPO

JUNE 26, 2023

These cost pressures necessitate a strategic approach to spending and resource allocation. Fragmented Supply Chains: The healthcare supply chain is complex and often fragmented, involving multiple stakeholders such as manufacturers, distributors, and group purchasing organizations (GPOs).

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 52

Planergy

MARCH 2, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Spend analytics involves classifying your spending data, identifying relevant trends, and implementing solutions that improve your purchasing power. Spend analytics can be performed by hand or with the help of software.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Real-time Visibility supply chain software solutions 52

Planergy

NOVEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Supplier Consolidation: What It Is, Benefits, and Risks. Best Practices & Tips Strategic Sourcing Supplier Relationship Management. But what exactly is supplier consolidation?

Supplier consolidation 52

Supplier consolidation Risk Suppliers supply chain budgeting 52

Planergy

JANUARY 19, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Pareto Spend Analysis is an incredibly useful tool for optimizing supply chain management processes, reducing costs, and improving overall efficiency. How to gain visibility and control of your indirect spend.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

Empowering CPO

JUNE 16, 2023

This comprehensive visibility into an organization’s spend data is the cornerstone of strategic sourcing and purchasing decisions. It provides insights into a company’s procurement activities, helping to make strategic decisions that can lead to significant cost reductions.

Import 52

Import Procurement Supply Chain Efficiency Real-time Visibility 52