article thumbnail

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.

article thumbnail

Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience

ivalua

Below, we list 8 steps that manufacturers can take to build a more resilient supply chain in a post-covid world. Work to achieve 100% supply chain visibility. Why is visibility so important? By taking these steps, manufacturers will be better prepared to weather any future disruptions.

professionals

Sign Up for our Newsletter

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

article thumbnail

Visibility is crucial for supply chains

Strategic Sourceror

Some of the key advantages that visibility solutions bring include: Less risk According to McKinsey, organizations that have implemented digital dashboards for their supply chain visibility needs were twice as likely to have avoided the supply chain issues that plagued the industry in the early months of 2022.

e2e 67
article thumbnail

Webinar Recap: Procurement 2022, Big Trends and Predictions

ivalua

How can we mitigate technical, logistical, weather-related, and demand-driven supply chain disruptions? Organizations must shift focus toward strengthening their procurement processes and procedures to gain 100% supply chain visibility. Digital Transformation is the Top CPO Priority. More on that here.

article thumbnail

Episode 137: Using Visibility to Combat Supply Chain Abstraction with Frank Kenney

Una

Frank is the Director of Market Strategy at Cleo, where he is focused on helping companies get ahead and stay ahead despite persistent supply chain complexity. Group purchasing can be used in conjunction with other procurement strategies , like strategic sourcing, for example.

article thumbnail

Contract Management Process — Everything You Should Know

Procurement Tactics

Enhancing strategic sourcing through data analysis. Contract management solutions can help improve contract efficiency, and allow better supply chain visibility and management of obligations. Decreasing expenses and greater profit through optimizing the contract process. .

article thumbnail

Pandemic Prepared! 8 Steps to Building Supply Chain Resilience

ivalua

Here are eight critical activities that can help procurement organizations build and maintain chain resiliency in a post-Covid-19 world: Work to achieve 100% supply chain visibility. Strategic sourcing professionals may end up doing tactical work, as well.