article thumbnail

Spot the mistakes Strategic Sourcing Framework

Procurement Templates

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. Procurement teams can proactively monitor market conditions and adjust sourcing strategies to mitigate risks and ensure continuity of supply. Can you spot the mistakes!

article thumbnail

Crelan Digitizes Strategic Sourcing with Ivalua

ivalua

With new teams and processes to be integrated in the future, Crelan required a platform that would help structure a more complex Procurement organization while remaining EBA and NBB compliant throughout every step of the Sourcing and Supplier Relationship Management journey.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Benefits of Strategic Sourcing

Una

Benefits of Strategic Sourcing and Best Practices. These “back-office” workers were seen primarily as clerical support, entering and tracking purchase orders and researching suppliers. Strategic sourcing best practices. Here are four best practices for strategic sourcing: 1.

article thumbnail

4 strategic sourcing use cases to strengthen your supply chain

IBM Supply Chain Blog

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.

article thumbnail

Strategic Sourcing for SMEs

Una

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. Strategic Sourcing for SMEs The Human Factor in Strategic Sourcing Benefits of Strategic Sourcing 5.

article thumbnail

How to Implement a Strategic Sourcing Process

Una

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.

article thumbnail

5 Advantages of Supplier Relationship Management Software

Procurement Software

Supplier Relationship Management (SRM) can be complex. Supplier relationship management software can make things a little bit easier. Sales & Marketing teams have reaped the benefits of Customer Relationship Management (CRM) solutions & Marketing Automation for the past 15–20 years.