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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.

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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. During the project, she was able to rationalize the supply base, boost procurement efficiencies and drive positive financial results.

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Procurement on the Thames: Ivalua’s London Summer Symposium

ivalua

Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change.

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Sourcing and Procurement: One but Not the Same

Precoro

This month, we continue our Procurement Basics series and would like to introduce our readers to yet another set of often misused business terminology. As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Procurement. Takes a strategic approach.

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The Role of Reverse Auctions in Strategic Sourcing

EC Sourcing Group

There are many different stops within that supply chain along the way, such as procurement and procurement management. Within the procurement of goods, there are many processes as well, such as sourcing and the role of reverse auctions in strategic sourcing. What is our sourcing strategy?

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Understanding the Importance of Strategic Sourcing

USC Consulting Group

Sourcing is a key component of your Supply Chain – perhaps the most important part. Faced with these challenges and demand outstripping capacity, purchasers feel an increased need for stronger vendor relationships. That’s where Strategic Sourcing comes into play. An important lever for modern organizations.

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Want to be a Strategic Sourcing Rising Star? Think New Products.

ivalua

If you happen to be a strategic sourcing professional within the manufacturing industry, you probably are experiencing many challenging days at the office. For manufacturers, sales, marketing, finance, ops, and even risk and compliance all have upside. are now the lifeline of the manufacturer. Think New Products.