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How to build a successful product development strategy

IBM Services

A finely tuned product development strategy is a holistic, cross-collaborative endeavor with the capacity to help any organization weather unforeseen events or market changes. During this phase, cross-collaborative efforts should focus on ideation and iteration. Why is a strong product development strategy important?

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How to Navigate the Supply Chain Mess

Perficient Digital Transformation

Companies should know where products are in the supply chain, whether it’s raw materials, suppliers, manufacturing, distribution, or retailers. Companies should prioritize collaborative planning. Strategic sourcing and spend control. Technology and data enablement. Supply chain performance and analytics.

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Executive Presentations in Procurement

SIG Speaks

Executive presentations are a valuable platform to highlight the outcomes of strategic sourcing initiatives and cost-saving measures. I spent many years as a buyer for a manufacturer before moving into sourcing. I have 6 adult children and 8 grandchildren.

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Outsourcing: Challenges, Opportunities and Best Practices

SIG Speaks

We will look into the nature of outsourcing projects in terms of relations management, the advantages/ disadvantages of outsourcing, and best practices for collaboration. Criteria for measurement also needs to be defined; for example, measurement unit (miles/ kilometers), terminologies, and procedures must be established for collaboration.

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Supplier Tiers: What’s The Difference Between Tier 1, Tier 2, and Tier 3

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This process also helps create transparency within the supply chain so that everyone involved knows what’s going on at all times, leading to better communication and collaboration between all parties involved.

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Why Finance Leaders Should Care About Procurement and Finance Alignment

Planergy Software

For example, in this business case, Justin is the Chief Procurement Officer or CPO for a small company that manufactures desks and tables. In his position, Justin and his team are responsible for procuring the materials needed to manufacture the furniture including wood, glue, and decorative items.

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ESG In Supply Chain: Creating a Sustainable Value Chain

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Using resource clean sheets builds on that foundation to create a granular assessment of the monetary cost and the carbon footprint of every component in the manufacturing step involved in making a product. Written by.