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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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Supply Chain Department – A Typical Structure

SCMDOJO

This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Procurement Procurement involves sourcing and acquiring the materials or products needed for production. Procurement Specialist/Buyer Source and acquire materials or products needed for production.

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The Right Fit for Drivers with Beth Potratz

The Logistics of Logistics

Drive My Way takes the pain out of the process by sourcing pre-qualified candidates who match their specific needs. They also offer tools to streamline onboarding and communication. Data-Driven Approach: Drive My Way leverages data and analytics to continuously improve their matching algorithm and platform.

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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. – DMAIC methodology links tools and techniques in a sequential manner. – Comparatively simple deployment tools.

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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?