What Does “Good” Look Like: Strategic Sourcing

ivalua

So what does “good” strategic sourcing look like? The primary difference between Strategic Sourcing and “good” Strategic Sourcing is contextualized flexibility. Good” strategic sourcing…. Once again, up-front exploration expands the value proposition of sourcing.

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?

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Improving on Strategic Sourcing

Logistics Viewpoints

These days, sourcing has become a common discipline in supply chain and transportation management. There is an organizational expectation that transportation modes will be sourced and cost will be taken out of the network with some regularity. Procurement/Sourcing Transportation Management Systems transportation management system transportation 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

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?

How Robust are your Global Manufacturing and Sourcing Strategies?

Dragon Innovation

factory selection sourcing supply chain management Contract Manufacturer supply chain RFQGlobal manufacturing choices are almost endless, but with innovation and progress what works today may not work in the future.

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.

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.

Point-of-Danger ICE Raids and Audits

Speaker: Max Muller, Attorney and Author

Supply chain managers should constantly be on guard against forces that could cause a significant point-of-failure in or to their supply chains. The sudden loss of a workforce is an evolving danger to those who provide raw materials, subassemblies, finished goods, and/or necessary services to supply chains; and to entities requiring those items or services. Join Max Muller for this timely, fast-paced and guidance rich webinar that will educate you on the specific steps involved in undertaking your own internal audit, as well as providing you with guidance on what your major and/or sole source suppliers should do as well.

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. Sourcing consus global e-sourcing source to pay sourcing

Open Source Helps SMBs with B2B

Descartes

Thanks to open source, B2Bs can now address back office functions. Open source can make all the difference for SMBs to satisfy both their suppliers and customers. In order to thrive in eCommerce, they need an open source B2B commerce platform.

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 discusses three factors that are helping to drive the reshoring trend, but the one that caught my attention the most was how companies are shifting their focus from least-cost sourcing to best-cost sourcing. One is the thought process around best-cost sourcing versus least-cost sourcing.

Vanilla Sourcing in Madagascar

SCM Research

In a previous post, I demonstrated how Symrise creates added value beyond corporate boundaries by closely collaborating with vanilla farmers in Madagascar. Watch the following video, which highlights this approach from the perspective of Unilever, a buyer of Symrise’s aromatic compounds.

End to End Supply Chain Visibility - Solving The Data Problem

Responsible Sourcing Insights

SCM Research

Sedex is a nonprofit organization dedicated “to driving improvements in ethical and responsible business practices in global supply chains” Their new six-part “Responsible Sourcing Insights Films” series tackles key challenges in responsible supply chain management.

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!

Sourcing And The Value Chain – Why Digital Platforms Matter

Gravity Supply Chain

Real time predictive analytics ensure offshore and nearshore sourcing decisions take place with certainty. The post Sourcing And The Value Chain – Why Digital Platforms Matter appeared first on Gravity Supply Chain. Gravity’s technology helps mitigate risk.

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.

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? in this case, responsible sourcing. Source Smarter. Source: Purina.

Strategic Sourcing: The Key to Competitive Advantage

Supply Chain Opz

Strategic Sourcing has been used by companies of all sizes for years. This commentary highlights some of the key principles to strategic sourcing. However, priority is always given to cost cutting initiatives.

Hilarious Sourcing Videos

NC State SCRC

I had an opportunity to watch some hilarious sourcing videos recently that I discovered on a sourcing blog by Citro Strategy. Contract Management Customer Relationship Management Strategic Cost Management Strategic Sourcing Supplier Relationship Management Supply Chain Management

Local Sourcing: Exploring Enablers of Supply Chain and Procurement Localization

ivalua

On the surface, local sourcing seems simple – work with local suppliers in the areas where you do business globally. The post Local Sourcing: Exploring Enablers of Supply Chain and Procurement Localization appeared first on Directworks. Blog Local Sourcing Supply Chain

Ivalua Sourcing Datasheet

ivalua

The post Ivalua Sourcing Datasheet appeared first on Ivalua

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.

Strategic sourcing enters a new age. Are you keeping up? (Part 2)

ivalua

In last week’s blog , I began discussing telltale signs that you have entered the new age of strategic sourcing. Improving costs remains a core competency for any sourcing organization. Strategic Sourcing Requires Collaborative Working Arrangements with Key Suppliers.

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

The Network Effect

Source: “Target CIO Adds Custom Apps…” CIO.com. “The in-sourcing and custom development is a painstaking process, but one McNamara says is necessary before the retailer can begin analyzing its supply chain for sales and customer trends and better allocate resources across the enterprise. Source: “Target CIO Adds Custom Apps…” CIO.com. The post Is “In-Sourcing” the Answer to Rigid, Enterprise Software?

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.

Don’t Jump In Without a Plan: Transportation Sourcing in an Omni-channel World

Talking Logistics

But many retailers are jumping in without a plan — that is, they are taking a short-term, siloed approach to transportation sourcing and execution, and as a result, are failing to meet their desired outcomes. How does omni-channel impact transportation sourcing? The post Don’t Jump In Without a Plan: Transportation Sourcing in an Omni-channel World appeared first on Talking Logistics with Adrian Gonzalez. Live Episode: Tuesday, January 20, 2015 at 12:00 ET.

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. The post Responsible sourcing and palm oil – a #ProvenanceLive recap appeared first on Provenance News.

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!

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.