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Thoughts on Crowd Sourcing

SIG Speaks

SIG University Certified Sourcing Professional (CSP) program graduate Noah Wilson discusses how crowdsourcing could be the innovation that businesses need to succeed in a rapidly changing environnment. But the workforce has changed. The COVID pandemic made working from home the mainstream.

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The Future of Procurement and Sourcing: The Effects of Artificial Intelligence in the Industry

SIG Speaks

SIG University Certified Sourcing Professional (CSP) program graduate Lauren Redden shares an excellent essay on the power of AI to transform the smart sourcing industry, in balance with the potential risks that companies must evaluate in employing more intelligent automation into their processes.

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2023 FOSA Finalists

Future of Sourcing

Innovations in Sustainability Dräeger – Using Smart Processes to Create Resilient Supply Chains SAP / DSM - Firmenich – How Royal DSM and SAP Digitalized Global Procurement Processes for Strategic Source-to-Pay Capabilities and Sustainability Safety Projects International, Inc.

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How to build a successful procurement strategy

IBM Services

It can nurture collaborative partnerships with suppliers and integrate ethical and environmental (green purchasing) considerations into the sourcing strategy. It should be a strategic roadmap that, when effectively designed and implemented, aligns with the mission of the organization and greatly contributes to its success.

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Successful Governance in Procurement

SIG Speaks

The AP team would make sure that the suppliers are set up correctly and that all Government regulations are followed. . In her capacity at CoStar she ensures collaboration with the internal business partners and consolidate the global spend within the CoStar family of companies.

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11 Cost Reduction Strategies in Procurement

Obobo

Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing. Implement strategic sourcing by establishing a long-term plan that balances costs, risks, and benefits. – Use predictive analytics to forecast future demand and price trends.

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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.