If Multi-sourcing is a Best Practice, Why Are so Few Companies Doing It?

Logistics Viewpoints

Because of the pandemic, risk management surrounding sourcing has become top of mind. Companies need to ensure they have alternate sources of supply that can ramp up to the volumes needed. The post If Multi-sourcing is a Best Practice, Why Are so Few Companies Doing It?

What Does “Good” Look Like: Strategic Sourcing

ivalua

That leaves the vast majority of companies and teams in the middle – and each one of them is working hard every day to be as good as they can given their current priorities, challenges and resources. So what does “good” strategic sourcing look like? Good” strategic sourcing….

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Is Single Sourcing, or Sole Sourcing, Dead?

Supply Chain Game Changer

In many cases the use of single sourcing, or sole sourcing, Procurement strategies has limited the ability for Supply Chains to access alternate sources of supply and more rapidly support higher than normal demand levels. What is Single Sourcing or Sole Sourcing?

Is the industrialized world overly dependent on sourcing from Chinese?

All Things Supply Chain

As Sophie Kersgens wrote for ATSC earlier this month, “As the world’s leading exporter and one of the fastest growing economies, China is a decisive business factor for companies all… General Supply Chain Management automotive supply chain coronavirus supply chain management supply chain sourcing

CIO: Here's Why Analytics is Eating the Supply Chain

Life science companies are adopting innovative cloud technology to provide a single source of truth for end-to-end supply chain decision-making

How Sourcing has Reemerged in a Covid-19 World

Jaggaer

For the first three months after Covid-19 hit, virtually every sourcing project , in every sector , was put on hold while companies tried to assess the situation and how best to deal with the epidemic. Diversify Your Sourcing Needs. COVID-19 Sourcing

Research in Focus: Sourcing Trends and Concerns

Talking Logistics

Below is an excerpt from a report published recently by Amber Road and the American Association of Exporters and Importers (AAEI) titled “ The Trade Trends Report: 2017 Report on Sourcing, Trade, and e-commerce.” Sourcing decisions can complicate or simplify this process.

Pacific Drilling Selects Consus & Ivalua to Drive Sourcing Best Practices Globally

ivalua

Offshore ultra-deep water drilling company to deploy eSourcing globally across its purchasing function. Pacific Drilling, an offshore drilling company, provides global deep water drilling services to the oil and natural gas industry through the use of high-specification drillships. The company has corporate offices in Houston, Texas, with offices in Brazil, Luxembourg and Nigeria. Sourcing consus global e-sourcing source to pay sourcing

Transportation Sourcing in an Omni-channel World

Talking Logistics

Unfortunately, many retailers are jumping in without a plan — that is, they are taking a short-term, silo’ed approach to transportation sourcing and execution, and as a result, are failing to meet their desired outcomes. Also, is multi-functional engagement important and, how does omni-channel impact transportation sourcing? According to Joe, enVista’s Director of Transportation, “The key to omni-channel sourcing is that it requires you to understand your goals and objectives.

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 is currently the Senior Vice President for Supply Chain Effectiveness at Breakthrough Fuel , but prior to that he was the Senior Director of North America Logistics Operations at Whirlpool, another company that decided to invest in US manufacturing a couple of years ago (see “ Whirlpool, On-Shore Production, and Employee Talent ”).

The End of Single-Source Supply Chains

Supply Chain Brain

In a post-COVID-19 world, no smart company can rely solely on China for its manufacturing

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. sourcing #rareearthelements. Subscribe Here!

The Top 5 Reasons You Need a Transportation Sourcing Solution

Talking Logistics

However, if your role is managing the movement of widgets from point A to point B, or multiple points, the freight procurement task before you can be labor intensive and time consuming — unless you use a technology solution specifically designed for transportation sourcing.

Intalere Selects Consus & Ivalua to Drive Source to Contract Best Practices

ivalua

Healthcare supply chain GPO, Intalere, deploys an end-to-end Source to Contract solution across its purchasing functions. has gone live with Ivalua’s Source to Contract solution.

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. Sourcing is but one step in the procurement process.

Strategic Sourcing: The Key to Competitive Advantage

Supply Chain Opz

Strategic Sourcing has been used by companies of all sizes for years. Introduction Long gone are the times when a company could rely on its own strengths and ensure its competitive advantage. This commentary highlights some of the key principles to strategic sourcing.

Strategic sourcing enters a new age. Are you keeping up? (Part 1)

ivalua

Since its inception in the late 1980s, strategic sourcing has always been about getting the best value for the goods and services purchased from third party suppliers. The processes and strategies driving supply chain management success are evolving and strategic sourcing is being redefined.

Is “In-Sourcing” the Answer to Rigid, Enterprise Software?

The Network Effect

As I mentioned in a recent post, Total Disruption on the Horizon , many companies are becoming increasingly disillusioned with traditional enterprise software, because it is inherently enterprise-centric, and can not adapt to meet the challenges of today’s supply chain and consumer behavior. ” Source: “Target CIO Adds Custom Apps…” CIO.com. Source: “Target CIO Adds Custom Apps…” CIO.com.

Understanding the Importance of Strategic Sourcing

USC Consulting Group

Sourcing is a key component of your Supply Chain – perhaps the most important part. That’s where Strategic Sourcing comes into play. Are you getting the most out of your current sourcing vendor relationships? An important lever for modern organizations.

Responsible sourcing and palm oil – a #ProvenanceLive recap

Provenance

Aim to source 100% certified RSPO (Roundtable on Sustainable Palm Oil). Sourcing palm oil responsibly and sustainably is nuanced and can be complex. Q: As large FMCG companies wake up to the risks and consumers become more aware, what interesting things are changing in the market?

Outsourcing Sourcing! 5 Lessons from Around the Globe!

Supply Chain Game Changer

Doing business with suppliers located overseas or in another country can be an overwhelming and daunting task even for expert Sourcing professionals. But beyond that he had no idea on where to start to source his product. The post Outsourcing Sourcing! Subscribe Here!

Make Better Logistics Sourcing Decisions with Data-Driven Optimization

Talking Logistics

Over the past few years, as supply chains have grown in scale and complexity, so has the logistics sourcing process. Mature sourcing organizations, which have been doing traditional sourcing and category management, are starting to plateau in terms of savings and impact to their organizations, yet each year are faced with increasing savings mandates and pressure to improve performance. How are companies achieving better outcomes by using data-driven optimization?

The Pros and Cons: International and Domestic Sourcing

Unleashed

It’s easy to oversimplify the differences between sourcing for parts locally or internationally. When considering where to purchase from, the prevailing idea seems to be that domestic sourcing allows for better control and shorter lead time, but international sourcing is more cost-effective.

How Big Data Analytics is Revolutionizing Sourcing Processes for Walter Charles III

Jaggaer

Charles is quick to point on that in 1935, the average tenure of a company on the S&P 500 was 90 years. Additionally, 52% of Fortune 500 companies since 2000 have been acquired , gone bankrupt , or ceased to exist. Sourcing with Big Data. The company was printing 5.3

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

ivalua

Most companies recognize this and emphasize it with guiding principles, such as “customers first” or “the customer is always right.” (At However, few manufacturers ever sit back and ask, “How can our procurement or strategic sourcing initiatives contribute to the overall customer experience?”

Does Your Company Have A Solid Transportation Procurement Strategy?

Logistics Viewpoints

There is a need, a growing need to drive better performance and outcomes from sourcing events. Procurement/Sourcing Transportation Transportation Management Systems transportation sourcingThe logistics marketplace is dynamic and demands attention to truly optimize and enable strategic advantage. Supply Chain professionals have a tremendous amount of demands and pressures to be aware of and transportation procurement is one of those pressures.

A Guide to Responsible Sourcing in Automotive, Electronics

Material Handling and Logistics

One of the biggest obstacles to setting and implementing strategies for responsible sourcing is accessing reliable and current data and analysis, according to The Dragonfly Initiative CEO, Assheton Carter.

COVID-19: Implications on inventory planning, sourcing and procurement

EFT

Indeed, even for the biggest companies, there has been adjustment as the margins become finer in the current environment. “We We need to look at alternative sources of procurement, of production, alternative factories, alternative countries.

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. Also, check out the company website. Sourcing Consultant.

Why Companies Need a Supplier Relationship Management Strategy

Cerasis

The business landscape is ever changing, numerous innovations have allowed companies to transcend borders and become global entities. Global leaders should retain suppliers with vested interest in the long-term success of the company.

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. Geopolitical Uncertainty and New Sources of Volatility. A Changing Competitive Environment.

Using Satellite Imagery as a Data Source to Improve Supply Chain Management

Logistics Viewpoints

Satellite imagery data represents another data set that may have the potential to improve company’s supply chains. The post Using Satellite Imagery as a Data Source to Improve Supply Chain Management appeared first on Logistics Viewpoints.

White Paper: Strategic Sourcing in the Aviation Industry – How to Increase and Accelerate Savings

Bristlecone

In aviation, strategic sourcing can reduce the cost and fix the nuts and bolts of existing processes with the help of a well-performing sourcing team. Low-Cost Country Sourcing.

Sourcing Tips: How to Find the Right Food Service Supplies

AFFLINK

Food service companies need to be able to procure supplies quickly in order to operate, and the cost of their supplies directly impacts their bottom line. When operating with lean profit margins, it becomes even more important for companies to improve their supply chain.

Adapting Pharmaceutical Companies’ Distribution and Supply Networks

Jaggaer

Pharmaceutical companies have complex supply chains that are often not optimized to their full potential. From source materials to distribution, the supply network must be carefully streamlined to produce the best results possible.