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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. S2P: Where to Start Ivalua provides a comprehensive set of integrated solutions that span the entire Source-to-Pay lifecycle.

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Report- Hewlett Packard Modifying Global Sourcing Strategy

Supply Chain Matters

Supply Chain Matters highlights a published report indicating that PC maker Hewlett Packard is modifying supply sourcing akin to China Plus and nearshoring sourcing actions. That would include alternatives to China under the umbrella of either China Plus or de-risking sourcing changes. We pointed out that in 2022, more U.S.

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Sustainability in Procurement: Strategies and Challenges

ivalua

Among these practices are supplier identification through sourcing, relationship management, and reporting. Strategies to Improve Sustainability in Procurement. 55% of our respondents cited collaboration with all stakeholders to set improvement goals as top strategy to improve sustainability.

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Types of Sourcing Strategies in Procurement

ProcurePort

• Robust and flexible procurement strategy can help you reduce operational and logistical experiences and equally serve as a competitive advantage. So, it’s advisable to put considerable time into designing a procurement strategy […].

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What is Sourcing Strategy and Why is it Important?

ProcurePort

• Strategic sourcing is a combination of activities aimed at aligning a company’s procurement spend with its overall objectives. The sourcing strategy balances numerous variables in supply chains as well as the various interests of internal […]. The post What is Sourcing Strategy and Why is it Important?

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Boeing’s Potential Sourcing Reversal- Financial or Operational?

Supply Chain Matters

The Supply Chain Matters blog provides an update on the ongoing production, quality reputation and corporate cultural challenges that surround commercial aircraft producer Boeing. Boeing spun out this supplier, which was once a part of this plane maker’s internal production in 2005 in a major strategic sourcing move.

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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.