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Unlocking Success: Why Strategic Sourcing Is Important for Your Company

Precoro

To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing. Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation.

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Successful Strategic Sourcing Engagement? What’s Next?

QAD

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?

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Four Key Strategic Sourcing Benefits

QAD

Recent business turbulence has increased the awareness among manufacturers for improved communication and collaboration with suppliers. This is certainly true in the area of strategic sourcing where procurement teams rely heavily on manually intensive efforts to identify and select suppliers. Boost Long-term Supplier Relationships.

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Lean Six Sigma for SMEs: A Path to Continuous Improvement

SCMDOJO

In today’s fiercely competitive business landscape, the quest for continuous improvement has become imperative for small and medium-sized enterprises (SMEs) to thrive. In this blog, we’ll delve into the integrated Lean Six Sigma approach, exploring its benefits, deployment models, moreover the implications for SMEs.

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Continuous Improvement, Artificial Intelligence, and DDMRP

Demand Driven Technologies

Decades of Lean and continuous improvement initiatives have profoundly changed the way many companies operate.

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Measuring Adoption to Drive Sourcing Value

Supply Chain Network

Everyone has bad habits, but for procurement, bad habits can put a major dent it in the ROI of your sourcing tools. That’s because strategic sourcing is complex and challenging – success requires more than fancy software purchases. At 30,000 feet, answer these questions to drive improved adoption: • Have we trained everyone?

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Strategic Priorities for Post Pandemic Supply Chains

The Logistics & Supply Chain Management Society

Many companies will reconfigure their supply chains to a much more regional approach, whereby production and sourcing are relocated closer to the final consumption markets, i.e. more local and less global. This entails a multi-faceted approach, reviewing your geographic footprint, supplier base, logistics landscape and distribution networks.