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Strategic sourcing enters a new age. Are you keeping up? (Part 2)

ivalua

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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Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience

ivalua

As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these. Work to achieve 100% supply chain visibility. Why is visibility so important? Create speed and transparency.

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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. All the while, Procurement and Sourcing teams have been left to fend for themselves, and forge their own way forward, with homegrown solutions. This is a sponsored post by Kodiak Hub.

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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. All the while, Procurement and Sourcing teams have been left to fend for themselves, and forge their own way forward, with homegrown solutions. This is a sponsored post by Kodiak Hub.

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Supplier Collaboration and Coordination. Who’s Your Role Model?

ivalua

But one critical area remains in need of significant attention … the need for better supplier collaboration AND internal teamwork. Early collaboration among engineering, sourcing, and suppliers brings better ideas to the table in terms of product design, features, and costs. Suppliers are always looking to hide sources of cost.

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Webinar Recap: Procurement 2022, Big Trends and Predictions

ivalua

The Criticality of the Supply Chain (and Suppliers). Building and maintaining supply chain resilience will be critical in a post-Covid-19 world. How can we mitigate technical, logistical, weather-related, and demand-driven supply chain disruptions? More on that here. The Best Way Forward for 2022.

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Pandemic Prepared! 8 Steps to Building Supply Chain Resilience

ivalua

Procurement teams had to work closely with suppliers to find creative ways to solve problems, and they instantly realized the benefits of transparency in their supply chains and supplier risk management for business continuity in times of crisis. Be proactive to mitigate supply chain risk by understanding your suppliers.