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4 smart technologies modernizing sourcing strategy

IBM Services

Sourcing is getting smarter. To start, many organizations have already pivoted from a tactical to a strategic sourcing mindset—which can make all the difference when it comes to gaining and retaining a competitive advantage. But now, the benefits of strategic sourcing are becoming even more attainable thanks to innovation.

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Two Types of China Sourcing Agent You Need To Know

Sourcing Captain

When it comes to sourcing products from China, it’s important to understand the two types of China sourcing agents available in the market. Individual China Sourcing Agent VS China Sourcing Companies The first type of China sourcing agent is the individual sourcing agent.

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A Project Manager’s guide to effective Global Sourcing

Sourcing Captain

Global Sourcing is a procurement strategy used by businesses wherein they source goods and services from global markets in order to achieve the highest possible levels of efficiency. China has emerged as the world’s global sourcing hub because of lower manufacturing costs and higher economies of scale.

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From Buzzwords to Reality: Impact Sourcing and AI for Social and Business Advancement | Blog

Everest Group

NextWealth leverages impact sourcing to drive business growth and create social impact with a unique three-pillar approach focused on talent, technology, and training. Discover the transformative power of impact sourcing firsthand through Everest Group’s sustainability teams’ eye-opening visit to the NextWealth center in India.

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Accelerating scope 3 emissions accounting: LLMs to the rescue

IBM Services

In simpler terms, these emissions arise from external sources, such as emissions associated with suppliers and customers and are beyond the company’s core operations. Converting this financial data into GHG emissions inventory requires information on the GHG emissions impact of the product or service purchased.

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What you need to know about Strategic Sourcing

Sourcing Captain

In today’s hugely competitive global markets, everyone strives to reduce their sourcing costs while still maintaining the quality. Effective sourcing of goods from suppliers is more important today than it was ever before. For this reason, strategic sourcing has become central to every organization’s procurement policy.

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4 strategic sourcing use cases to strengthen your supply chain

IBM Services

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals.