ProcurePort

OCTOBER 4, 2022

• There is a lot of work that goes into a company’s sourcing and buying activities beyond just the transaction. In many cases, the nature of the transaction and the intended frequency of purchase will dictate the sourcing process. • The post Supply Chain Sourcing and Buying 101 appeared first on ProcurePort Blog.

Purchasing Skills 59

Purchasing Skills Sourcing Supply Chain Supply and Demand 59

Supply Chain Matters

DECEMBER 13, 2023

Such actions were to include mitigation of risks related to China based sourcing, which is now commonly referred to as a China Plus sourcing strategy. That was followed by a public acknowledgement from CEO Tim Cook that the company’s 60 percent sourcing of various production within the country was too much.

Manufacturing Procurement 52

Manufacturing Procurement Sourcing Strategies Sourcing Cost Reduction Strategies 52

Supply Chain Opz

MARCH 21, 2014

As a result, issues in global supply chain management such as international trade, international transportation, global sourcing , regulatory compliance, risk management , humanitarian and sustainability won''t go away any time soon. Data Collection What we want to do is to discover some good blogs covering various issues in global scm.

SCM 263

SCM Global Supply Chain Resource Reduction 263

Supply Chain Matters

JULY 18, 2023

Supply Chain Matters highlights a published report indicating that PC maker Hewlett Packard is modifying supply sourcing akin to China Plus and nearshoring sourcing actions. That would include alternatives to China under the umbrella of either China Plus or de-risking sourcing changes. We pointed out that in 2022, more U.S.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Manufacturing Procurement Supply Chain Strategy 52

QAD

JULY 13, 2021

I caught up with a former colleague recently to discuss her procurement project which comprised a year-long strategic sourcing engagement. Although she and her team had delivered on a number of procurement objectives through strategic sourcing, she was uncertain where efforts on the supply base should focus next. What’s Next?

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Sourcing 98

Supply Chain Opz

FEBRUARY 9, 2014

At the beginning of each year, many supply chain blogs/sites publish the articles about their most popular contents of the year or make the predictions for things that might happen in the coming year. For SupplyChainOpz, we will do something a bit different, we will uncover the most outstanding supply chain blogs and their contents.

Supply Chain 279

Supply Chain North America Supply and Demand Case Study 279

QAD

APRIL 22, 2021

This is certainly true in the area of strategic sourcing where procurement teams rely heavily on manually intensive efforts to identify and select suppliers. Manufacturers face ongoing challenges in selecting the optimal source of supply for the many materials, products and services they procure. Boost Long-term Supplier Relationships.

Manufacturing Procurement 83

Manufacturing Procurement Optimal Sourcing Negotiating Skills Purchasing Skills 83

EC Sourcing Group

JUNE 14, 2023

In the dynamic world of procurement , sourcing teams are constantly on the lookout for innovative strategies to drive cost savings and improve supplier relationships. With increasing interest from companies of all sizes around the globe, reverse auctions are revolutionizing the way sourcing teams approach negotiations.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Negotiating Skills Negotiate Pricing 52

EC Sourcing Group

APRIL 19, 2023

As consumers become more conscious of unethical supply chain practices and the impact of their purchasing decisions on local economies, companies are increasingly looking to local sourcing to support their communities and foster brand loyalty. Also, companies may need to invest in new infrastructure and processes to support local procurement.

Purchasing Skills 52

Purchasing Skills Optimal Sourcing Sourcing Strategies Expense Reduction 52

Supply Chain Matters

MARCH 7, 2023

based Qualcomm ’s revenues from Vietnamese sourced chip facilities many of which supply other high tech firms such as Samsung, tripled between 2020 and 2022. billion in population will be the linchpin of an alternative sourced Asian supply network. One example indicated was that U.S. The report further indicates that India with 1.4

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement China Sourcing 52

ProcurePort

JUNE 29, 2022

The post Types of Sourcing Strategies in Procurement appeared first on ProcurePort Blog. . • Today, supply chain and transportation costs amount to 60% to 70% of total sales, depending on the company and industry. • So, it’s advisable to put considerable time into designing a procurement strategy […].

Sourcing Strategies 52

Sourcing Strategies Cost Reduction Strategies Supply Chain Strategy Sourcing 52

EC Sourcing Group

DECEMBER 5, 2022

Contract Compliance and Strategic Sourcing. Contract sourcing and strategic sourcing are two different strategies that ensure you are able to get the best deals from your suppliers while still adhering to company policy. The two must work together to keep the source-to-contract process flow working effectively. .

Negotiating Skills 52

Negotiating Skills Sourcing Strategies Purchasing Skills Sourcing 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.

Negotiating Skills 52

Negotiating Skills Purchasing Skills Sourcing Strategies Sourcing 52

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.

Sourcing Strategies 52

Sourcing Strategies Sourcing Procurement Global 52

ProcurePort

MAY 17, 2022

• Strategic sourcing is a combination of activities aimed at aligning a company’s procurement spend with its overall objectives. The sourcing strategy balances numerous variables in supply chains as well as the various interests of internal […]. The post What is Sourcing Strategy and Why is it Important?

Sourcing Strategies 52

Sourcing Strategies Price Reduction Sourcing Supply Chain Strategy 52

ProcurePort

JUNE 23, 2021

How has technology impacted procurement and sourcing in the supply chain? With increasing pressure to mitigate spend and streamline processes, Chief Procurement Officers have turned to digital sourcing and digital solutions for help. The post Digital Sourcing: Digital Solutions for Procurement appeared first on ProcurePort Blog.

Sourcing 52

Sourcing Procurement Survey Supply Chain Software 52

ProcurePort

APRIL 7, 2021

What is direct sourcing in recruiting and how does it affect your procurement efforts? When it comes to purchasing and supply chain management, sourcing plays a pivotal role. Sourcing is a key component of procurement. There are two types of sourcing […]. The post What is Direct Sourcing in Recruiting?

Purchasing Skills 52

Purchasing Skills Sourcing Procurement Supply Chain 52

ProcurePort

MAY 27, 2021

As enterprises now battle to resume operations moving out of business continuity mode, intelligent sourcing has come up repeatedly as […]. The post What is Meant by Intelligent Sourcing? appeared first on ProcurePort Blog.

Sourcing 52

Sourcing Supply Chain Disruption Retail Supply Chain 52

ToolsGroup

APRIL 20, 2022

Source: Fortune. #3: Source: Fortune. Find out what employees value as part of their professional development, work/life balance, and benefits, and go from there. While each organization and individual is different, here are some of the current trends to keep in mind when it comes to benefits.

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Sourcing Strategies Optimal Sourcing Supply Chain Planning Software Supply Chain Software 194

ProcurePort

JULY 7, 2021

Are you thinking of developing a new sourcing risk management plan? Wondering how to better mitigate supply chain risk when sourcing? Keep reading, that’s what we’re going to talk about in this blog. The post 5 Critical Supply Chain Risk Mitigation Principles for Sourcing appeared first on ProcurePort Blog.

Sourcing 52

Sourcing Supply Chain Planning Supply Chain Scenario Planning 52

ProcurePort

NOVEMBER 30, 2021

The number of items and services that need sourcing are many too. The post How Can Hospitals Benefit from Using e-Sourcing Software? appeared first on ProcurePort Blog. Hospitals need to pay attention to regulations, prices, logistics, and other variables in their procurement processes.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Sourcing Supply Chain Software Software 52

EC Sourcing Group

DECEMBER 13, 2021

What Is Vendor Sourcing? Generally speaking, vendor sourcing is when you choose vendors to supply you with either goods or services. In years past, vendor sourcing could be an intricate and lengthy process. Read on to learn more about auction vendor sourcing and more about the management process.

Purchasing Skills 52

Purchasing Skills Optimal Sourcing Sourcing Strategies Negotiating Skills 52

EC Sourcing Group

FEBRUARY 8, 2023

Legacy sourcing methods work against you. From lost opportunities to higher costs, outdated sourcing methods and traditional sourcing strategies can impede your success and the growth of your business. Sourcing Strategies in Procurement: What Is Traditional Sourcing?

Optimal Sourcing 52

Optimal Sourcing Purchasing Skills Sourcing Strategies Negotiating Skills 52

EC Sourcing Group

MARCH 21, 2022

Sourcing is a vital piece of procurement and the overall supply chain itself. However, just about anything can be improved upon, and sourcing optimization and optimized operations can help streamline the process. Read on to learn more about how to optimize the procurement process and how to improve upon sourcing.

Optimal Sourcing 52

Optimal Sourcing Sourcing Optimization Software Supply Chain Planning Software 52

Supply Chain Matters

DECEMBER 5, 2022

The Supply Chain Matters blog updates readers on added developments which now indicate that consumer electronics icon Apple is accelerating actions to source the company’s hardware component and assembly production to other countries. Background. What apparently was missing is what specific challenges that entailed.

Manufacturing Procurement 52

Manufacturing Procurement Sourcing Strategies China Sourcing 52

EC Sourcing Group

NOVEMBER 8, 2022

??Meeting the Demand in Sourcing and Procurement. In recent years, considerable efforts have been made to simplify and streamline sourcing, procurement, and overall supply chains to meet demand more effectively. Sourcing and Procurement Optimization : Speed and Transparency. Contract management. RFx and eAuction management.

Optimal Sourcing 52

Optimal Sourcing Demand Planning Software Sourcing Strategies Supply Chain Software 52

EC Sourcing Group

AUGUST 9, 2022

Sourcing is an integral part of procurement management and an upstream part of the supply chain, affecting its overall success. Sourcing is the acquiring of goods and services needed to run a business or make a product. . But, what makes the best sourcing software for your strategic sourcing solutions ? . Risk management.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Sourcing Supply Chain Software 52

Supply Chain Matters

MARCH 10, 2022

The Supply Chain Matters blog continues with our annual listing of our most read blog commentaries that were published and of keen interest to our readers during the year 2021. For these reasons, we elected to expand our profile from ten to the top twenty-five blogs of most interest in the prior year. The Countdown of Most Read.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Manufacturing Procurement 52

EC Sourcing Group

DECEMBER 1, 2021

Demystifying Transportation Sourcing. 9/2/2021 – Guest Blog Post from Kumar Kannan of Procural. If you are like me, transportation sourcing is a mind boggling and complex field. This article is about creating value in transportation sourcing. This article is about creating value in transportation sourcing.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Sourcing 52

Talking Logistics

MARCH 27, 2013

A month later, Walmart announced that it will increase its sourcing of US products by $50 billion over the next 10 years. Kevin discusses three factors that are helping to drive the reshoring trend, but the one that caught my attention the most was how companies are shifting their focus from least-cost sourcing to best-cost sourcing.

Manufacturing Procurement 173

Manufacturing Procurement Sourcing Strategies Cost Reduction Strategies Sourcing 173

EC Sourcing Group

OCTOBER 4, 2022

Strategic Sourcing Solutions to Enhance Your Bottom Line. Strategic sourcing is vital to procurement and the supply chain overall, as it allows companies to gain the lowest cost of a good or service while minimizing supply chain risk. What Is Strategic Sourcing?

Negotiating Skills 52

Negotiating Skills Purchasing Skills Sourcing Strategies Procurement Solutions 52

Supply Chain Matters

JULY 25, 2022

Our Ferrari Consulting and Research Group clients and Supply Chain Matters blog readers are likely well aware that each year we publish at the start of that year, a Research Advisory outlining our ten predictions for the coming year. Restoring More Direct Control in Materials Sourcing. Mid-Year Assessment.

Sourcing Strategies 59

Sourcing Strategies Manufacturing Procurement Material Savings Predictive Analytics Software 59

Procurement Academy

JUNE 7, 2022

In the 1970s and 80s, savvy organizations began to realize that they could make significant savings by sourcing raw materials and parts from markets such as Taiwan, Singapore, and China. Now, many organizations are looking to reverse this transition and re-shore or near-shore their sourcing and/or manufacturing.

Manufacturing Procurement 52

Manufacturing Procurement Sourcing Strategies Sourcing Material Savings 52

Procurement Academy

JUNE 7, 2022

In the 1970s and 80s, savvy organizations began to realize that they could make significant savings by sourcing raw materials and parts from markets such as Taiwan, Singapore, and China. Now, many organizations are looking to reverse this transition and re-shore or near-shore their sourcing and/or manufacturing.

Manufacturing Procurement 52

Manufacturing Procurement Sourcing Strategies Sourcing Material Savings 52

AIMMS

SEPTEMBER 15, 2023

But how to source and format this data for supply chain design technology? Read the blog to learn. Optimized network design relies on data.

Supply Chain Design Software 156

Supply Chain Design Software Supply Chain Design Optimal Sourcing Supply Chain Optimization 156

Resilinc

MAY 31, 2022

Electrical machinery and electronics is Malaysia’s largest export category, and the nation of 33 million people is an important source of assembly, test, and packaging (ATP) for the semiconductor industry. But losing economical sources of palm oil and rubber products could have serious impacts on revenue and margins.

Malaysia 62

Malaysia Purchasing Skills Sourcing Price Reduction 62

Supply Chain Opz

MARCH 21, 2014

As a result, issues in global supply chain management such as international trade, international transportation, global sourcing, regulatory compliance, risk management, humanitarian and sustainability won''t go away any time soon. Data Collection What we want to do is to discover some good blogs covering various issues in global scm.

SCM 153

SCM Global Supply Chain Resource Reduction 153