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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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3 Core Metrics & 10 Soft Metrics for Measuring Supply Chain Performance

GlobalTranz

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. 10 Soft Metric Considerations in Measuring Supply Chain Performance. As the ability to see more clearly and deeper into supply chains improves, supply chains will become safer and more secure. Read more. . Read More. . Read more. .

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Get Ready for Success! 4 Critical Workstreams for Successful Procurement Implementation

ivalua

The sponsor ensures the implementation is aligned with the organization’s strategic objectives and secures buy-in from other stakeholders. They work closely with IT to address technical challenges, ensure seamless integration, and maintain data security and integrity.

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Smarter, Not Harder: How to Climb Every Peak in Supply Chain Planning

Logility

Even before importing and selling any item, every step addresses complex challenges amplified by regulations dictating the origin of goods and ethical sourcing and labor practices. Planners can then pinpoint revenue at risk due to a high resilience index, transcending the conventional scope of multi-sourcing strategies.”

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How to Package and Price Embedded Analytics

Just by embedding analytics, application owners can charge 24% more for their product. How much value could you add? This framework explains how application enhancements can extend your product offerings. Brought to you by Logi Analytics.

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Dispelling Untruths: 10 Generative AI Myths

Logility

Myth 2: Generative AI is unable to keep your data private One of our top concerns is that clients have complete confidence that their data is safe and secure. Because of a personal relationship, the supply chain manager knows they can call their colleague from sourcing to lean on their vendors to get the shipments expedited.

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The One Key Shift in Your Supply Chain and Procurement Strategies that can Drive Better Business Continuity and Resilience

Logistics Viewpoints

Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services. Optimize sourcing: Focus on optimizing sourcing spend across all categories of products. This approach results in inefficiencies, higher costs, and missed opportunities.