How Can Advanced Sourcing Help Your Business?

EC Sourcing Group

Sourcing is the term used when the purchasing department is searching for the right supplier (or group of suppliers) to fill a particular need, typically a good or service, to fulfill a purchasing order. Advanced Sourcing Optimizers and Tools: What Are Your Sourcing Challenges?

Best-Cost vs. Least-Cost Sourcing

Talking Logistics

A month later, Walmart announced that it will increase its sourcing of US products by $50 billion over the next 10 years. Kevin discusses three factors that are helping to drive the reshoring trend, but the one that caught my attention the most was how companies are shifting their focus from least-cost sourcing to best-cost sourcing. One is the thought process around best-cost sourcing versus least-cost sourcing.

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Open Source Helps SMBs with B2B

Descartes

Thanks to open source, B2Bs can now address back office functions. Open source can make all the difference for SMBs to satisfy both their suppliers and customers. In order to thrive in eCommerce, they need an open source B2B commerce platform. From a technology standpoint, an open source eCommerce platform is the best option for SMBs. Since open source is continuously tested by developers, SMBs can save more and more on costs as they keep working with the system.

USMCA and the Role of Cognitive Sourcing

LevaData

Increasing pressure to remain competitive with higher costs will force sourcing strategists to adopt new methods so they don’t fall behind. The method of choice seems to be cognitive sourcing, taking advantage of augmented intelligence to drive superior cost savings.

Top 10 Global Supply Chain Solutions Blogs

Descartes

Global supply chain solutions blogs are a convenient source of information for readers who want to find out what’s happening in the global supply chain world. The post Top 10 Global Supply Chain Solutions Blogs appeared first on Appterra. Blog Supply Chain top 10People turn to them to answer their specific inquiries and look for information that they won’t find in Wikipedia.

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Top 10 Supply Chain Solutions Blogs

Descartes

Supply chain solutions blogs are a convenient source of information for readers who want to find out what’s happening in the supply chain world. The post Top 10 Supply Chain Solutions Blogs appeared first on Appterra. Blog Supply Chain top 10People turn to them to answer their specific inquiries and look for information that they won’t find in Wikipedia. If you are looking for useful and relevant information about supply chain solutions, here are the top.

Time to Rethink Sourcing Rare Earth Elements

Supply Chain Game Changer

Strategic National Stockpiles and Sourcing for the National Interest! These Rare Earth Elements have long ago been abandoned for mining and processing here in the United States and are part of our reliance on Chinese sources of supply. He is a frequent contributor to industry forums, publications, and blogs. sourcing #rareearthelements. The post Time to Rethink Sourcing Rare Earth Elements appeared first on Supply Chain Game Changer™. Subscribe Here!

Universal Supply Chain Misconceptions or “Global Sourcing Lies”

ivalua

In a recent Sourcing Journal Online article, Sourcing is Hard , Mike Todaro, managing director of the Americas Apparel Producers’ Network, quotes Barbara Zeins, an industry expert that published a short list of “9 Big FAT Garment Lies,” which we might as well call “Global Sourcing Lies,” more generally. The post Universal Supply Chain Misconceptions or “Global Sourcing Lies” appeared first on Directworks. Blog Strategic Sourcing Supply Chain

SCM Global 50: Best Global Supply Chain Blogs

Supply Chain Opz

As a result, issues in global supply chain management such as international trade, international transportation, global sourcing , regulatory compliance, risk management , humanitarian and sustainability won''t go away any time soon. Data Collection What we want to do is to discover some good blogs covering various issues in global scm. The preliminary result is the list of 1,000 blogs. After that, we make the first cut by reviewing potential 100 blogs.

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Blog: Bristlecone Introduces COVID-19 Rapid Response Solutions

Bristlecone

RAPID SOURCING SOLUTION. Combines procurement tools and deployment expertise to improve sourcing processes (includes limited-time SAP Ariba offer). The free diagnostics offerings will not be available after May 15, and the clock is already ticking on the SAP offers included in our planning and sourcing packages. The post Blog: Bristlecone Introduces COVID-19 Rapid Response Solutions appeared first on Bristlecone. Blog coronavirus covid-19 Rapid Response Solutions

Sourcing and Procurement in Supply Chain Management

EC Sourcing Group

Sourcing and Procurement in Supply Chain Management. The terms “ sourcing” and “procurement” in supply chain management are often used interchangeably, although they are not quite the same. It refers to the entire process of sourcing and contracting with suppliers to gather all of the services and goods you need to make that final product. Sourcing is but one step in the procurement process. Sourcing and Procurement in Supply Chain Management : Finding the Right Tools.

Responsible Sourcing! Making Sustainability Happen for Real!

Supply Chain Game Changer

Sustainability is created at the source of our products, services, and consumption. Sustainability is created from Responsible Sourcing. How can you make Responsible Sourcing a Reality? If you can excite the people around you about sourcing responsibly, chances are you’ll be able to formulate a network of internal champions. in this case, responsible sourcing. Source Smarter. Source: Purina. Source: Nestlé. procurement #sourcing #purchasing.

Local Sourcing: Exploring Enablers of Supply Chain and Procurement Localization

ivalua

On the surface, local sourcing seems simple – work with local suppliers in the areas where you do business globally. The post Local Sourcing: Exploring Enablers of Supply Chain and Procurement Localization appeared first on Directworks. Blog Local Sourcing Supply ChainSpend Matters recently published a story highlighting Auto News’ coverage of supply chain and procurement localization at Magna International.

The Ultimate List of Top Logistics Startups – Blog

Freightos

Enough to go through every single article published in the top tech blogs – Techcrunch, Verge, Mashable and Recode – since 2007 to count how often articles about logistics startups, freight or cargo were published. So I spoke to everyone I knew in the field and looked through some other sources (Crunchbase, Jonathan Wichmann’s great list of logistics startups site, CB Insights and more) to come up with the ULTIMATE LIST of disruptive logistics startups.

Hilarious Sourcing Videos

NC State SCRC

I had an opportunity to watch some hilarious sourcing videos recently that I discovered on a sourcing blog by Citro Strategy. Contract Management Customer Relationship Management Strategic Cost Management Strategic Sourcing Supplier Relationship Management Supply Chain Management

Strategic sourcing enters a new age. Are you keeping up? (Part 2)

ivalua

In last week’s blog , I began discussing telltale signs that you have entered the new age of strategic sourcing. Leading manufacturers have proven that best-in-class strategic sourcing can create measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability. Improving costs remains a core competency for any sourcing organization. Strategic Sourcing Requires Collaborative Working Arrangements with Key Suppliers.

Why Strategic Sourcing and Supplier Management Can Make or Break Your Customer Experience

ivalua

However, few manufacturers ever sit back and ask, “How can our procurement or strategic sourcing initiatives contribute to the overall customer experience?” I would argue that, if you’re in manufacturing, strategic sourcing is the first place to start shaping the customer journey. In manufacturing, it is the strategic sourcing group that finds the best component parts for new product introductions. This problem appears to be the result of sourcing choices.

SCM Global 50: Best Global Supply Chain Blogs 2014

Supply Chain Opz

As a result, issues in global supply chain management such as international trade, international transportation, global sourcing, regulatory compliance, risk management, humanitarian and sustainability won''t go away any time soon. Data Collection What we want to do is to discover some good blogs covering various issues in global scm. The preliminary result is the list of 1,000 blogs. After that, we make the first cut by reviewing potential 100 blogs.

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Managing Threats And Opportunities With Cognitive Sourcing

LevaData

As digital innovation takes the forefront when it comes to customer experience and engagement, new connections between brand managers, manufacturing, and sources of supply are rapidly emerging. Organizations will begin to move away from calendar-based sourcing events to an as-needed process that allows for more agile management of their supply chain. First of all, the search for socially responsible, regulatory compliant sources of supply is already daunting.

Sustainability: Do Supply Management and Global Sourcing Matter? (Guest Post by Jury Gualandris, UCD)

SCM Research

Thank you for contributing to my blog. Over the last decades, however, supply chains have been undergoing a process of increasing globalization, which has created the need for differentiated sustainability approaches for firms sourcing globally rather than regionally. On the one hand, traditional supply management based on supply base reduction and coordination will compensate global sourcing’s drawbacks, such as longer distances and socio-economic, cultural differences.

Customer Service: The Source of Supply Chain Innovation

The Logistics of Logistics

Customer Service: The Source of Supply Chain Innovation. In December’s issue of InBound, editor Keith Biondi cited customer service as the source for supply chain innovation. Customer Service: The Real Source of SCM Innovation. He spends his time consulting and writing B2B marketing content helping transportation and logistics companies develop and implement their B2B blogging strategies.

Supply Chain Recognition: Enchange blog gets an Oscar – sort of!

Enchange Supply Chain Consultancy

The theme of this blog is all about recognition and thanks to you, our readers and subscribers; we have had a bit of recognition ourselves. The Enchange blog has been voted one of the top 5O Supply Chain blogs in the world by SupplychainOpz.com – click on this link to see the full list. I really do not mind if the Enchange blog was rated number 1 or 50 but the simple fact it has been recognised as a source of good Supply Chain stuff is great news. Recognition.

Sourcing Offices: a shift of paradigm

KEPLER Consulting

Over last decade, sourcing offices became a major piece within globalized footprint of western retailers. After a first era of development and opportunity catch up particularly positive and characterized by consistent purchasing gains , most of these Sourcing Offices are now searching for their second breath. Back to the origins, the Sourcing Offices have been developed by retailers for two main reasons: #1 Gather demands coming from various entities within a same group.

Five Tips on Sourcing Products From China

EMERGE App

Google a phrase like “sourcing products from China” and you’ll instantly be faced by almost 39 million results! You need to source for products to sell at wholesale prices to your retail customers. And the place to source for most, if not all, of your products is in China. This blog post doesn’t aim to be the ultimate guide to sourcing goods from China. I like to start with a broad-based search at Alibaba and Global Sources.

Supply Chain Brain Q&A: Future of AI for Strategic Sourcing

LevaData

Richard Barnett, LevaData’s VP of Marketing and Alliances sat down with Supply Chain Brain to discuss AI’s growing role in strategic sourcing. Supply Chain Brain has the full interview , which covered a variety of sourcing-related technology topics: A growing role for AI suggests that managers will be forced to either adopt cognitive sourcing technology, or find themselves left behind.

Moving to Continuous Sourcing: Real-Time Opportunity Sensing

LevaData

This explosion has rippled through supply chain and sourcing as access to useable data sources has increased. This data has the potential to revolutionize the way sourcing is conducted. Unfortunately, lean teams and limited resources mean a lot of sourcing teams struggle to manage this data effectively and so don’t reap the benefits of their digital bounty as a result. Increasing Agility With Cognitive Sourcing. That puts a lot of pressure on sourcing teams.

Successful sourcing in China using the START model

Supply Chain Movement

“Catch the goat when it’s passing” is one of my favourite Chinese sayings, and it is particularly apt when you’re looking to source new products or materials in China. That’s right: that I had not yet found my supplier for the job, and that this supplier had very little experience in producing the product I wanted to source. The post Successful sourcing in China using the START model appeared first on Supply Chain Movement.

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Bonus: Top 11 thru 20 Most Popular Manufacturing Blog Posts

Cerasis

Yesterday we had said we concluded our most popular blog posts by category for the blog posts written from our major categories for 2014. However, with most of our customer base in the manufacturing field, with the remaining in distribution and other industries, we thought it was vital that we featured some of the other manufacturing blog posts that were also popular in 2014. Top 11 thru 20 Most Popular Manufacturing Blog Posts of 2014. Read the Full Blog Post.

Local Sourcing, Global Supply Chain

BluJay Solutions

The recent announcement by Google-owned Motorola Mobility that all new Moto X smartphones sold in the US will be manufactured in Texas, highlights the continued importance of the global supply chain and role of freight forwarders and logistics services providers (LSPs) in successful local sourcing strategies. Subscribe to our blog to receive the full blog series via email and stay informed about the latest global logistics news and insight. .

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. And this is exactly where sourcing and supply chain professionals can make a name for themselves. Sourcing and supply chain professionals who are active in new product introductions can really make an impact on NPI success by applying best practices along with the right enabling technologies.

6 Results You Can Expect From Effective e-Sourcing Technology

ProcurePort

The procurement process involves sourcing and finding required goods and services and then making agreements to acquire them from an external source. The post 6 Results You Can Expect From Effective e-Sourcing Technology appeared first on ProcurePort Blog. Strategic Sourcing Cost Savings e-Procurement e-Sourcing

BidMode to join the EC Sourcing Family

EC Sourcing Group

October 13, 2020 / EC Sourcing Group, a leading global provider of SaaS sourcing technology solutions, has announced its acquisition of procurement solution provider, BidMode, with full terms of the merger remaining confidential. About EC Sourcing Group. Morristown, N.J.,

What is Strategic Sourcing? Your Procurement Guide

ProcurePort

What is strategic sourcing? According to businessdictionary.com strategic sourcing is defined as “A method of managing procurement processes for an organization in which the procedures, methods, and sources are constantly re-evaluated to optimize value to the organization.”

Blog: Bristlecone Industry-Specific Tactical Sourcing (BITS) is Now an SAP-Qualified Partner-Packaged Solution for SAP Ariba

Bristlecone

Bristlecone Industry-Specific Tactical Sourcing (BITS) is a prime example of how we amplify the value of SAP technologies. BITS combines our procurement expertise with assets, accelerators and value-adds to help you achieve maximum value from SAP Ariba Guided Buying by: Streamlining Sourcing Processes. Our configurations enable Guided Buying to serve as your sole user interface for all requestors creating sourcing forms and purchase requisitions.

How COVID-19 Has Affected U.S. Trucking Rates—Will it Last?

CHAINalytics

Blog Feature Supply Chain Consulting Transportation COVID-19 covid19 Freight Market intelligence Freight Rates Transportation Procurement transportation sourcing truckload freight Truckload procurementIt almost goes without saying: A lot has changed as a result of COVID-19.