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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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What is Responsible Sourcing?

ivalua

Responsible sourcing is the incorporation of ethical, sustainable and socially conscious principles into sourcing, procurement and overall supply chain management practices. Responsible sourcing requires a shift in thinking and priorities. Responsible sourcing requires a shift in thinking and priorities. provide source].

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Build Supply Chain Resilience with a Diverse Sourcing Strategy 

Logility

Every industry article, news segment, analyst research paper, and boardroom conversation offers varying perspectives on the real issues impacting supply chain performance and the best way to fix them. Developing Diverse, Resilient Sourcing Strateg ies. Companies need to model beyond their tier-one supplier network,” Balte continues.

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Editor’s Choice: 6 Reasons Why Companies Need IoT

Logistics Viewpoints

This article is from Kirk Carlsen, Director of PLM Product Marketing at Oracle, and looks at the importance of IoT. With the visibility and analytics delivered by connected devices, companies can make the right decisions at the right time, safeguarding profitability and customer service. To read the full article, click HERE.

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Global Supply Chains — A Source of Strength

Enterra Insights

At the time, Bain & Company analysts observed, “Leaders must grapple with a longer-term question: How should we retool our supply chain to protect against shocks while staying competitive on cost and value? 3] Edward Segal, “ Blocked Suez Canal Is Latest Reminder Why Companies Need Crisis Plans ,” Forbes, 27 March 2021. [4]

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What Does “Good” Look Like: Strategic Sourcing

ivalua

If you have ever read an article about Procurement best practices, you know that a very small minority of teams are categorized as leaders and an equally small minority are considered laggards. So what does “good” strategic sourcing look like? Good” strategic sourcing…. Doug Keeley, Product Marketing Manager, Ivalua.

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Exiger Has Taken the Supply Chain Risk Market by Storm

Logistics Viewpoints

Brandon Daniels, CEO of Exiger The pandemic got almost every company talking about resilience. And a company called Exiger seemingly came out of nowhere to capitalize on this. By the time they started selling the solution to commercial companies, they were poised for rapid growth. Supply chain risk solutions are hot.