Precoro

DECEMBER 11, 2023

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.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

SCMDOJO

DECEMBER 14, 2023

In the global world of businesses, companies often seek help from sourcing agencies to figure out how to get the things they need. But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s explore this world of sourcing agencies and understand what they do.

Purchasing Skills 73

Purchasing Skills Optimal Sourcing Negotiating Skills Sourcing Strategies 73

ivalua

APRIL 25, 2023

Ivalua provides us with greater transparency and data-driven insights which will allow us to improve our sourcing decisions and contract management, and also optimize supplier management”, said Niklas Selle, Digital transformation lead in Supply Chain at Aker BP. “We Learn more at www.ivalua.com. Follow us on LinkedIn and Twitter.

Optimal Sourcing 130

Optimal Sourcing Sourcing Strategies Supplier Management Norway 130

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

ivalua

NOVEMBER 27, 2019

So what does “good” strategic sourcing look like? The primary difference between Strategic Sourcing and “good” Strategic Sourcing is contextualized flexibility. Procurement must be able to apply the general principals of Strategic Sourcing in a way specific enough to maximize the value of each spend category.

Negotiating Skills 147

Negotiating Skills Optimal Sourcing Sourcing Strategies Sourcing 147

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

EC Sourcing Group

DECEMBER 5, 2022

Contract Compliance and Strategic Sourcing. It’s important to ensure that your vendors meet your company’s standards regarding all contracts and purchase orders. The two must work together to keep the source-to-contract process flow working effectively. . What Is the Importance of Strategic Sourcing ? Award the contract.

Negotiating Skills 52

Negotiating Skills Sourcing Strategies Purchasing Skills Sourcing 52

crisp

APRIL 25, 2024

Kraft Heinz called out tomatoes and sugar prices as problematic but sees labor and transportation costs as the source of most of its inflationary woes. The brand reports good progress toward goals such as increased utilization of sustainably sourced critical ingredients, including cocoa (we see you, Oreo’s).

Demand Planning Software 52

Demand Planning Software Supply Chain Planning Software Supply Chain Design Software Sourcing Strategies 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

ivalua

SEPTEMBER 20, 2021

Rapid Optimization of Contract Management, Supplier Management and Direct Materials Sourcing. This deployment is another significant step forward in the digital transformation of their overall supply chain processes, a journey that started last year with the successful rollout of Ivalua Sourcing solution for direct materials. .

Optimal Sourcing 130

Optimal Sourcing Manufacturing Procurement Sourcing Supply Chain Planning Software 130

ShipBob

DECEMBER 28, 2022

Where you get these from, or how you source them, can be a huge decision. Sourcing can seem overwhelming if you’re a brand or retail buyer not entirely sure what you’re doing, but it can significantly impact the quality, cost, and availability of your products. What is strategic sourcing? What is procurement?

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Purchasing Skills Material Savings 52

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

Unleashed

JANUARY 4, 2024

Product sourcing, done the right way, can set your business up with the foundations needed for achieving maximum sales. This guide will explain how product sourcing works in modern business, best practices for finding suppliers, and list some of the most popular websites and tools for sourcing goods to sell.

Purchasing Skills 52

Purchasing Skills Manufacturing Procurement Optimal Sourcing Sourcing Strategies 52

ToolsGroup

APRIL 20, 2022

Share them in your all-hands meetings, on your website, through social media, and in your job postings. Source: Fortune. #3: Source: Fortune. Have all-hands meetings to update employees on the company’s goals and outline next steps. Publicize your corporate culture and values. Don’t be shy. #2:

Sourcing Strategies 194

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

Supply Chain Game Changer

APRIL 28, 2020

In many cases the use of single sourcing, or sole sourcing, Procurement strategies has limited the ability for Supply Chains to access alternate sources of supply and more rapidly support higher than normal demand levels. What is Single Sourcing or Sole Sourcing?

Manufacturing Procurement 82

Manufacturing Procurement Sourcing Strategies Purchasing Skills Sourcing 82

Talking Logistics

DECEMBER 6, 2017

Below is an excerpt from a report published recently by Amber Road and the American Association of Exporters and Importers (AAEI) titled “ The Trade Trends Report: 2017 Report on Sourcing, Trade, and e-commerce.” This bring concerns for transportation costs as we see as the #2 area of importance for sourcing.

Optimal Sourcing 143

Optimal Sourcing Research Sourcing Trends 143

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

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

Logistics Viewpoints

JANUARY 14, 2016

These days, sourcing has become a common discipline in supply chain and transportation management. There is an organizational expectation that transportation modes will be sourced and cost will be taken out of the network with some regularity.

Optimal Sourcing 100

Optimal Sourcing Sourcing Transportation Management Transportation 100

Precoro

SEPTEMBER 6, 2021

As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Understanding their distinction can help you ensure the coordination between the responsible teams and adopt the right strategies for improving both sourcing and procurement. Procurement. Contains fewer steps.

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

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

SYSPRO Smarter ERP

SEPTEMBER 27, 2022

Similarly, the companies implementing these solutions need to ensure that they are able to source and retain skilled resources themselves. It requires a multi-stakeholder approach to ensure today’s ERP channel professionals – as well as future specialists – have the skills to meet the needs of manufacturing industry customers.

Manufacturing Procurement 111

Manufacturing Procurement Buyer Training Meeting Manufacturing 111

ivalua

APRIL 2, 2019

Pacific Drilling requires a fast, efficient and automated sourcing process to support the company’s Purchasing processes. The company chose Consus and Ivalua for their deep capabilities in the Sourcing space to support their critical Purchasing processes.

Optimal Sourcing 100

Optimal Sourcing Purchasing Skills Sourcing Strategies Sourcing 100

EC Sourcing Group

JULY 26, 2022

Read on to better understand of advanced analytics, their benefits, and how they will improve your sourcing outcomes. Here are some types to consider: CPO Cockpit: Chief procurement officers acquire goods and services and use workflow management systems to meet a company’s organizational goals while reducing costs and increasing profit.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Predictive Analytics Sourcing Strategies 52

Resilinc

SEPTEMBER 27, 2022

At the same time, we’ve made ourselves vulnerable to these tactics by outsourcing so much of what we used to produce domestically or source from reliable allies. Guinto: To sustain production of certain military equipment, DOD must monitor what we call “diminishing manufacturing sources and material shortages,” or DMSMS.

Government 84

Government Meeting Manufacturing Procurement Supply Chain Design Software 84

EC Sourcing Group

DECEMBER 1, 2021

Demystifying Transportation Sourcing. 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. Applying sound sourcing principles will enable you to unlock value.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Sourcing 52

Global Trade Management

SEPTEMBER 4, 2023

This highlights the growing importance of traceability in meeting consumer demands and building trust in the food industry. Critical information such as ingredient sources, processing and packaging facilities, transportation routes, and points of sale are documented.

Food 59

Food Meeting Pricing Training Supply Chain Design Software 59

EC Sourcing Group

SEPTEMBER 2, 2021

Demystifying Transportation Sourcing. 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. Applying sound sourcing principles will enable you to unlock value.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Sourcing 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

Unleashed

DECEMBER 15, 2019

It’s easy to oversimplify the differences between sourcing for parts locally or internationally. When considering where to purchase from, the prevailing idea seems to be that domestic sourcing allows for better control and shorter lead time, but international sourcing is more cost-effective. International Sourcing.

Manufacturing Procurement 83

Manufacturing Procurement Sourcing Strategies Purchasing Skills Optimal Sourcing 83

EC Sourcing Group

MAY 4, 2021

How to Streamline Sourcing from Days to Hours. When you work in procurement, one of the challenges you face is how long sourcing can take. However, you can streamline sourcing and the entire procurement process in many ways. However, you can streamline sourcing and the entire procurement process in many ways.

Sourcing Strategies 52

Sourcing Strategies Sourcing Supply Chain Software EC Sourcing 52

Logistics Viewpoints

FEBRUARY 7, 2024

There are three responses in this question that address supply chain sustainability: align with our goals, mission, and values; meet consumers expectations; and increase profitability. The second reason to address sustainability topics, from a supply chain perspective, is to meet consumer expectations.

Waste Reduction 263

Waste Reduction Supply Chain Design Software Optimal Sourcing Supply Chain Optimization 263

Supply Chain Game Changer

DECEMBER 10, 2020

Product Sourcing Agent article and permission to publish here provided by Joyce Chen at Epic Sourcing. Sourcing agents are an effective way of finding the most suitable supplier. Who is a Product Sourcing Agent? Why Get a Product Sourcing Agent? Functions of a Sourcing Agent. Subscribe Here! Email Address.

Manufacturing Procurement 53

Manufacturing Procurement Sourcing Strategies Sourcing Negotiating Skills 53

Requis

APRIL 12, 2021

The lack of visibility of information regarding the assets/materials, missing information in asset registers and inventory systems, make it easier for procurement professionals to procure new rather than challenge the norm and procure from alternative sources (providing the materials meet technical and duty specifications).

Manufacturing Procurement 52

Manufacturing Procurement Sourcing Procurement Meeting 52

The Network Effect

MARCH 25, 2016

As I mentioned in a recent post, Total Disruption on the Horizon , many companies are becoming increasingly disillusioned with traditional enterprise software, because it is inherently enterprise-centric, and can not adapt to meet the challenges of today’s supply chain and consumer behavior. appeared first on The Network Effect.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Network Software Supply Chain Software Modeling Software 100

USC Consulting Group

AUGUST 9, 2021

The problem is the speed at which it’s coming and the capacity of companies to meet that demand. Download USC Consulting Group’s white paper Strategies for Meeting Increasing Customer Demand today. We do organizational design, spend analysis, strategic sourcing. We’re up and down the supply chain now.

Sourcing Strategies 52

Sourcing Strategies Resource Reduction Meeting Supply Chain Strategy 52