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. As we progress through and past the pandemic, is it time for Procurement to adopt parallel Supply Chain strategies, such as dual sourcing, and limit or abandon single sourcing and sole sourcing? Subscribe Here!

Procurement Rising – The Time is Now

ivalua

Procurement’s stature has grown during the COVID-19 crisis as costs, cash flow and supply continuity quickly became top boardroom priorities and homepage news. Across the world, procurement leaders have risen to the challenge. Digitization is key to procurement transformation.

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Why Get a Product Sourcing Agent?

Supply Chain Game Changer

Product Sourcing Agent article and permission to publish here provided by Joyce Chen at Epic Sourcing. Sourcing agents are an effective way of finding the most suitable supplier. Who is a Product Sourcing Agent? Why Get a Product Sourcing Agent? Subscribe Here!

Is Procurement Drowning in Data?

Supply Chain Game Changer

Featuring Our 12 Best Procurement Articles! Procurement drowning in data article and permission to publish here provided by Sam Jenks at kodiakrating.com. Meanwhile, 60% of procurement teams have no tools or rely primarily on improvised systems for Supplier Management.

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

ivalua

New York, NY April 2, 2019 – Consus Global , a leading Procurement services provider and Ivalua, the leading global Spend Management Cloud provider, today announced that Pacific Drilling , a deep water drilling company based in Houston, has selected Consus’ services in conjunction with Ivalua’s Sourcing platform to achieve cost savings and drive transparency across their sourcing operations. Ivalua is the Procurement empowerment platform.

Make Freight Sourcing More Efficient!

Supply Chain Game Changer

Freight sourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. In order to achieve maximum efficiency in freight sourcing and procurement, you need a strong team to handle the requirements. These are the must-haves for any effective freight sourcing team. Subscribe Here! Email Address.

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. New York, NY March 30, 2020 – Consus , a leading procurement services provider, today announced that Intalere, a healthcare supply chain GPO based in St. has gone live with Ivalua’s Source to Contract solution. Intalere required a fast, efficient and automated source-to-contract process to support the company’s enterprise goals.

The Top 5 Reasons You Need a Transportation Sourcing Solution

Talking Logistics

If you are buying widgets, there are many ways to make your purchase, from going to a retail location, ordering online or using a standard procurement software tool that allows you to order lots of widgets and receive them over a specified period of time. Here are the top five reasons you need a transportation sourcing solution: 1. Freight sourcing is as unique and complex as the transportation industry itself.

A Quick Guide to Roles in Procurement

Logistics Bureau

For small companies, it is usually enough to have one person dealing with procurement but in large enterprises teams of people are needed, all with specific roles to play. The Finance Manager , on the other hand, controls the financial input and output of the procurement division.

The Role of Reverse Auctions in Strategic Sourcing

EC Sourcing Group

There are many different stops within that supply chain along the way, such as procurement and procurement management. Within the procurement of goods, there are many processes as well, such as sourcing and the role of reverse auctions in strategic sourcing.

A Tale of Two Procurement Books: Cox’s Sourcing Portfolio Analysis (Cox) & Strategic Sourcing in the New Economy (Keith et al.)

Supply Chain View from the Field

A new face of procurement is emerging which is recognizing that a new set of value drivers must be developed in the face of massive environmental changes. Some of the emerging views on the “future of procurement” focus on the importance of being a strong internal consultant, the importance of building relationships, coaching suppliers, post-award contract management, and relational contracting. Vested is a Sourcing Business Model in.

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. It also helps companies develop the opportunity to better manage their global network of suppliers, build new procurement models and improve speed to market. Actions that Improve Aviation Industry Procurement Performance . Low-Cost Country Sourcing.

Bristlecone Industry-Specific Tactical Sourcing (BITS) Now Certified as an SAP-Qualified Partner-Packaged Solution for SAP Ariba

Bristlecone

MAY 7, 2020 – Bristlecone , the trusted partner in supply chain transformation, is pleased to announce that its Bristlecone Industry-Specific Tactical Sourcing (BITS) solution is now an SAP-Qualified Partner-Packaged Solution for SAP Ariba. BITS, designed for use with SAP Ariba Guided Buying, introduces industry best practices into tactical sourcing to accelerate processes and enhance user experience. Streamlines Sourcing Processes.

Supply Chain and Procurement Transformation in 2021

Bristlecone

The pandemic has only reinforced what we already knew, what Bristlecone and other industry thought leaders have long been evangelizing: If not built to withstand disruption – or better yet, to leverage it – the supply chain can, and will, crumble under stressors like demand volatility.

Ivalua Paints a Great Procurement Picture at Ivalua NOW Chicago 2019

ivalua

The event was themed on “The Art of Procurement” relating to how the further procurement leaders mature in their transformations, the more their approach shifts from science to art. Just building great Procurement solutions that customers clearly love (in 2018 once again maintaining the industry’s highest retention rate, over 98%). The most eye-catching statistic of the event came from Duncan regarding procurement’s self-assessed v.

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

EFT

We need to look at alternative sources of procurement, of production, alternative factories, alternative countries. In the longer term he says they are focused on “Diversification of sourcing, reducing the dependence of single-source suppliers, and developing relationships with the key partners or IT [vendors] … and invest like no other into demand planning and control towers to give us the most fine-tuned information,” and ability to start making “crystal-ball like” predictions.

A Humble 2020 Procurement Resolution – Transform the World 

ivalua

For Procurement leaders, that typically translates into saving a few percent here. For Procurement leaders today, those missed opportunities can be great. Businesses, and our world, face tremendous challenges and uncertainty today, from the disruption of entire industries to the potentially catastrophic impact of climate change to the painful toll of forced and child labor. But for the most part, Procurement objectives remain too incremental rather than transformative. .

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. Thus, co-operatives focused around REEs as a national security and economic policy should be set up to utilize the byproduct feedstock of the fertilizer industry. He is a frequent contributor to industry forums, publications, and blogs.

Procurement in 2021: Insights from five leaders

Proxima

Five procurement leaders outline what 2021 has in store. This time last year few procurement leaders would have forecast the challenges that would be thrown their way in 2020. Procurement is expected to be at the centre of making those changes a reality.

Procurement in 2021: Insights from five leaders

Proxima

Five procurement leaders outline what 2021 has in store. This time last year few procurement leaders would have forecast the challenges that would be thrown their way in 2020. Procurement is expected to be at the centre of making those changes a reality.

Responsible Sourcing! Making Sustainability Happen for Real!

Supply Chain Game Changer

Sustainability is created at the source of our products, services, and consumption. Sustainability is created from Responsible Sourcing. How can you make Responsible Sourcing a Reality? If you can excite the people around you about sourcing responsibly, chances are you’ll be able to formulate a network of internal champions. in this case, responsible sourcing. Source Smarter. Source: Purina. Source: Nestlé. procurement #sourcing #purchasing.

Procurement, Industry 4.0, Cybersecurity, Robotics and Automation: The Image of Manufacturing is Evolving.

Cerasis

Let’s take another look at how procurement, computing power, industry 4.0, cyber security, advanced robotics and automation became top priorities for research, development, and implementation throughout the past year’s operations in the manufacturing industry. . However, saving $100 billion over one year means the use of robotics and automation have the potential to impact the industry in the most profound ways possible. Industry 4.0

Procurement Terminology is a Mess!

Supply Chain Game Changer

Procurement language article originally published by, and permission to publish here provided by, Sam Jenks at kodiakrating.com. From one Procurement organization to the next, terminology differs. Procurement is a function, that is undergoing transformation; technologically and ideologically. Maybe we are camouflaging procurement with language: if no-one else understands what we do (or say) we will be safe from being replaced or consumed by other functions.

Understanding the Importance of Strategic Sourcing

USC Consulting Group

Sourcing is a key component of your Supply Chain – perhaps the most important part. As companies are navigating an increasingly turbulent yet robust economic climate, businesses in manufacturing, mining and metals, food and beverage, and other industries are looking for ways to reduce raw material procurement spending and offset rising material costs. That’s where Strategic Sourcing comes into play. An important lever for modern organizations.

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. New York, NY March 30, 2020 – Consus , a leading procurement services provider, today announced that Intalere , a healthcare supply chain GPO based in St. has gone live with Ivalua’s Source to Contract solution. Intalere required a fast, efficient and automated source-to-contract process to support the company’s enterprise goals.

McDonald’s Risky Commitment to a Cage Free Eggs Supply Chain

Logistics Viewpoints

Food & Beverage Industry Procurement/Sourcing Sustainability McDonald's sourcingMcDonald’s announced a 10-year plan to produce cage free eggs. The Fortune article is mainly a turnaround story. But this turnaround depends upon a supply chain transformation.

Ivalua Now and the Art – or is it the Science – of Procurement?

ivalua

It’s a question that you can answer for yourself at Ivalua Now – The Art of Procurement , being held, appropriately enough, at The Louvre, Paris 10 th – 12 th April. The event is free to attend and aims to attract hundreds of procurement and supply chain professionals to discuss and learn more about the latest industry trends and processes. But now with strategic sourcing and category management, the process has become much easier to track, monitor and control.

Digital Procurement – Pack your bag, you are going on a journey

ivalua

The Hackett Group and Ivalua have been working together for some months to assess the status of Digital Procurement transformation and lessons learned from early adopters. Digital Procurement – a place we are planning to visit soon (and hopefully stay). There is no doubt that Digital Procurement is a reality for many organisations. It’s boring, and it’s so not sexy, but everyone knows that adage, rubbish in, rubbish out and this just as true for Digital Procurement.

Ivalua Recongized for Procurement Excellence at Future of Sourcing Awards

ivalua

11, 2019 /PRNewswire/ — Ivalua, a global leader in spend management , today announced that it was selected as the winner of both the Innovations in Third Party Management and Innovations in Digitization awards, presented at the Future of Sourcing Awards event in Carlsbad, CA. Winners were selected by an independent panel of industry leaders and influencers. “We are proud to be the technology behind the most successful and innovative procurement teams.”

A Look at Direct v. Indirect Supplier Management in Three Industries

ivalua

The most fundamental spend categorization in Procurement is the line between direct and indirect spend, but one effort that transcends this split is supplier management. Industry: Manufacturing. Because of the key contributions these supply partners make to corporate performance, Procurement needs to pay far more attention to risk and quality issues – whether they are present in the supplier or in their supply chain. Doug Keeley, Product Marketing Manager, Ivalua.

Hey Procurement! It’s Time to SELL!

Supply Chain Game Changer

The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. But there is a profoundly significant Procurement value chain. This is not to say that they believe Procurement doesn’t play a role, but rather that they don’t view Procurement as playing a critical role beyond cutting costs and finding suppliers. Procurement is strategic! Now is the time for Procurement to SELL!

The procurement Summit 2016

Supply Chain Movement

The procurement Summit 2016. Launched in 2014 and brought to you by the eWorld Procurement & Supply team, The Procurement Summit will provide senior purchasing, sourcing and supply chain executives across the North of England with an unmissable opportunity to keep up-to-date with the latest industry innovations, best practice and new technology solutions. The Procurement Summit will provide: Educational seminars on the latest industry issues.

Early AI Adopters Are Pulling Ahead of the Competition in Sourcing and Procurement

LevaData

The adoption of AI in the procurement industry has opened a gap between those who hopped on the trend early and those who stayed behind to watch and wait. Our Cognitive Sourcing Survey 2018 revealed that the shift towards data-driven, computer-assisted negotiation and decision making is well underway in the procurement industry. Numerous businesses and industries have undergone extensive transformations owing to technological developments.

Procurement: With Great Power Comes Great Responsibility!

Supply Chain Game Changer

Hey Procurement! ” Procurement organizations can have the power to spend and control as much as 75-80% of a company’s revenue. Less enlightened organizations still think of Procurement as a back office function processing transactional purchase orders and standard contracts. But better informed and leading organizations see and recognize Procurement for its strategic value. What actually is the power that is within Procurement’s mandate?

Procurement & Suppliers: Paying Attention to Terms & Conditions to Keep Supplier Relations Postitive

Cerasis

Editor's Note: Today's blog is by our great friend, Chuck Intrieri where he gives us a fantastic example of how Procurement and Suppliers can enhance Supplier Relations by navigating the "Battle of the Forms.". However, in many circumstances, the supplier will send an invoice that contains one set of terms, while the procurement professional will issue a purchase order which contains additional or different terms. For example, in one Indiana case, Tyler Pipe Industries, Inc.