article thumbnail

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.

article thumbnail

Procurement on the Thames: Ivalua’s London Summer Symposium

ivalua

Vishal Patel and Peter Hunt delivered their session ‘Creating Value with Strategic Sourcing’ to discuss how Procurement professionals are recognizing that the fast-paced digital landscape of today demands new approaches to category management and strategic sourcing. The answer is simple – automation. See you soon!

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

2024: Planning for Success Amid the Uncertainty

Logistics Viewpoints

It’s human nature to want to start a new year with new goals—the ever-present new year’s resolutions. Supply chains are in the news, on governments’ agendas, and in the spotlight. Sourcing and procurement comes in close second at 88 percent, followed by innovation at 87 percent.

article thumbnail

Mid-Year Assessment of 2022 Supply Chain Sourcing Predictions- Part Two

Supply Chain Matters

Restoring More Direct Control in Materials Sourcing. Prediction Two of this year predictions indicated the following: Restoring More Direct Control in Strategic and Tactical Direct Material Sourcing Will be the Driving Force for Businesses and their Supply Chain Management Teams in the Coming Year. Mid-Year Assessment.

article thumbnail

Driving Sustainable Supply Chain Change

The Logistics & Supply Chain Management Society

Source: IDC FutureScape: Worldwide Supply Chain 2022 Predictions — APEJ Implications. The importance of Environmental, Social and Governance (ESG) continues to grow. Things are changing, and supply chains participants are feeling pressure from customers, consumers, financiers, and governments to take action on these changes.

article thumbnail

Wake Up AP, Before it’s Too Late! E-invoicing Mandate | France 2024

ivalua

The first and most visible element of this change are the emergence of Government tax networks or Continuous Transaction Controls (CTC) systems. Almost all governments are looking to onboard CTCs, with most of Europe being covered by 2026. Every supplier will be forced to send Government approved invoices to their clients.

France 130
article thumbnail

The Green Corridor: Food for Thought

The Logistics & Supply Chain Management Society

Government regulation and enforcement of the regulations nationally are heavily relied upon and in a globalised economy the differences between each government’s regulation and enforcement standard can be well? Our oceans are at present simply overfished – but our growing population is only demanding more and more fish protein.

Food 130