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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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28 Procurement KPIs That Optimize Supplier & Buyer Performance

Silvon Software

Procurement is one core process area being focused to better manage today’s fluctuating change, with key performance metrics leading the way to assessing and managing procurement performance. The Basics of Procurement KPIs. Every KPI needs a clearly defined goal. Supplier KPIs.

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The Basics of the Procurement Management

Precoro

For some businesses – usually smaller or with a single-source purchasing flow – it may be sustainable to react to the immediate needs. However, growing organizations that face increasing complexity recognize the value of thoughtfully-planned and managed procurement. Office supplies would be an example of indirect procurement.

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CTA

ivalua

A recent webinar hosted by Supply Chain Now, “Balancing Cost, Risk and Sustainability in the Midst of Uncertainty, ” took an in-depth look on what it takes to transform Procurement into a highly efficient function that supports these key initiatives. She also explained how Ivalua was instrumental in making that happen.

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A Balancing Act: Drive Sustainability while Managing Cost and Risk

ivalua

A recent webinar hosted by Supply Chain Now, “Balancing Cost, Risk and Sustainability in the Midst of Uncertainty, ” took an in-depth look on what it takes to transform Procurement into a highly efficient function that supports these key initiatives. She also explained how Ivalua was instrumental in making that happen.

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Avoiding Dead-end Streets As We Build the Future of Supply Chain Planning

Supply Chain Shaman

For more on the building of the planning master data layer, reference the ASCM presentation from last week.) I believe future applications are adaptive (reduced latency to translate market data into actionable insights) and distributed. Distributed and Democratized. Procurement/Buyers Workbench.

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Courage to Paint Outside the Lines

Supply Chain Shaman

Recently, I presented at the Informs Analytics Conference in Houston and challenged companies to “ think out of the box” and define outside-in processes in Supply Chain Planning. Tackling Procurement. The processes of indirect procurement have little in common with direct material sourcing.