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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 does the German Supply Chain Act Mean for Procurement?

ivalua

What Lieferkettengesetz Means for Procurement? The act was established to address issues of sustainability and ethical conduct in global supply chains, and has significant implications for companies and procurement organizations operating in Germany. By Jan-Hendrik Sohn. Fines of up to €8 million .

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Supply Chain Innovation + Automation: How Körber is Positioning Procurement for the Future

ivalua

At our annual Ivalua NOW event in Paris, France–Ivalua asked, “Is your procurement team prepared to respond to unexpected supplier chain issues with speed and agility?”. Automation and innovation are at the forefront of the supply chain industry with procurement acting as a key enabler in the process. Körber at a Glance….

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How Procurement can help to drive Supplier-led innovation

ivalua

This means companies are under more pressure than ever to innovate at pace. In parallel, companies have outsourced an ever-greater share of their business. Suppliers offer an excellent source of knowledge to help businesses rapidly innovate. Cost-focused approaches block innovation.

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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.

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Editor’s Choice: Innovating Toward a Resilient and Agile Supply Chain

Logistics Viewpoints

We believe supply chain organizations are uniquely poised to help their companies gain a competitive edge. In that vein, at Inspire we announced innovations designed to maximize the value and impact of every dollar a company spends. Building resiliency and agility require collaboration. To read the full article, click here.

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??Meeting the Demand in Sourcing and Procurement

EC Sourcing Group

??Meeting the Demand in Sourcing and Procurement. In recent years, considerable efforts have been made to simplify and streamline sourcing, procurement, and overall supply chains to meet demand more effectively. Sourcing and Procurement Optimization : Speed and Transparency.