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What Is Strategic Sourcing? – Definition

Obobo

What Is Strategic Sourcing? In the context of digital transformation, procurement and supply chain processes are evolving as a result of strategic sourcing, and the trend is poised to continue. This is what differentiates strategic sourcing from conventional purchasing. . How Does Strategic Sourcing Work?

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What Is Strategic Sourcing? – Definition

Obobo

What Is Strategic Sourcing? In the context of digital transformation, procurement and supply chain processes are evolving as a result of strategic sourcing, and the trend is poised to continue. This is what differentiates strategic sourcing from conventional purchasing. . How Does Strategic Sourcing Work?

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3 Strategic Sourcing Steps and How Nearshoring to Mexico Plays a Part

Ivemsa

Implementing strategic sourcing is a way to add long-term value and continually optimize manufacturing processes. Nearshoring to Mexico offers manufacturers competitive advantages in terms of strategic sourcing. The post 3 Strategic Sourcing Steps and How Nearshoring to Mexico Plays a Part appeared first on IVEMSA.

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Category Management Playbook and Category Strategy Planning

SIG Speaks

SIG University Certified Sourcing Professional (CSP) program graduate Prateek Jindal describes how the course helped him and his team increase value from improving their strategic sourcing strategies on down through your category playbook.

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Recap of CPO & Executive Virtual Series with ProcureAbility

SIG Speaks

ProcureAbility predicts that by 2030, strategic sourcing will take no longer than two weeks, thanks to cognitive computing. RFx strategy, tactical procurement, intake and RFx administration will either be reduced or automated completely. . Now on to Cognitive Computing. On to Hyper Cybersecurity.

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How to build a successful procurement strategy

IBM Services

Evaluate and categorize the components of procurement costs, from direct costs—such as the costs of goods and services—to indirect costs—such as administrative expenses and overhead. This results in reduced administrative tasks and faster procurement cycles.

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Implementing Innovation

SIG Speaks

The Certified Sourcing Professional (CSP) Program is a 10-week course that focuses on the hard and soft skills of sourcing, including strategic sourcing and outsourcing methodologies, as well as best practices in negotiations. In January 2022, I started with ATD as a Sourcing Administrator.