Collaborations, Strategic Sourcing and Supply Chain Management

What Is Strategic Sourcing? – Definition

Obobo

AUGUST 25, 2022

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. . Definition.

Strategic Sourcing

Strategic Sourcing Sourcing Supply Chain Management Right-Sizing

What Is Strategic Sourcing? – Definition

Obobo

AUGUST 24, 2022

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. . Definition.

Strategic Sourcing

Strategic Sourcing Sourcing Supply Chain Management Right-Sizing

How to Navigate the Supply Chain Mess

Perficient Digital Transformation

NOVEMBER 8, 2021

The COVID-19 pandemic has pushed the weak points of supply chain structures out from under the rug and has prompted a need for supply chain transformations across all industries. Companies should prioritize collaborative planning. ” -Bob Vanek, Chief Strategist, Supply Chain.

Supply Chain Management

Supply Chain Management E-Commerce Manufacturing Strategic Sourcing

How Strategic Procurement Can Give You a Competitive Advantage

Planergy Software

MAY 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. How Strategic Procurement Can Give You a Competitive Advantage. Procurement Strategic Sourcing. You can do it by negotiating favorable terms and promoting collaboration with cross-functional teams.

Strategic Sourcing

Strategic Sourcing Sourcing Reduced Costs Supply Chain Management

The Art of Establishing Trust

SIG Speaks

MARCH 30, 2023

On week eight (8) of my Certified Sourcing Professional (CSP) Program, I was introduced to the What’s In It For We mindset. The WIIFWe attitude represents a collaborative ideology, whereas all parties in a negotiation share risk and benefit. Trust has benefits in a sourcing environment. That, my friends, is trust.

Co-Sourcing

Co-Sourcing Supply Chain Management Sourcing Banking

Reengineering Resilience: Why Supply Chain Resilience And Sustainability Is Finally More Than A Discussion

SIG Speaks

JULY 1, 2022

Based on experience, I would not be off base in suggesting that this same theme applies to the subject of supply chain resiliency. In other words, in the world of procurement and strategic sourcing, the importance of resilient supply chains has been a point of discussion for some time. learn more. .

Supply Chain Management

Supply Chain Management Strategic Sourcing Engineering Sourcing

RFI, RFP, RFQ, ROI, RFT: What’s the Difference?

Planergy Software

OCTOBER 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Sourcing Supply Chain Management. RFIs can also help buyers identify potential suppliers and compare them against each other, which is crucial for strategic sourcing. Written by.

Supply Chain Management

Supply Chain Management Strategic Sourcing Sourcing Finance

Best Practices for Supplier Management

Obobo

AUGUST 2, 2022

Besides performance expectations, they also detail data breach management, compliance requirements and penalties if compliance is not met. Ensure that your contract includes information-sharing expectations so that you and your suppliers can work collaboratively. A successful supplier management program goes beyond strategic sourcing.

Management

Management Right-Sizing Supply Chain Management Strategic Sourcing

11 Cost Reduction Strategies in Procurement

Obobo

MARCH 23, 2023

Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing. Overall, these 11 cost reduction strategies in procurement demonstrate that companies can significantly reduce costs and maintain profitability with the right procurement management practices.

Reduced Costs

Reduced Costs Inventory Management Automation Sourcing

Best Practices for Supplier Management

Obobo

AUGUST 16, 2022

Besides performance expectations, they also detail data breach management, compliance requirements and penalties if compliance is not met. Ensure that your contract includes information-sharing expectations so that you and your suppliers can work collaboratively. A successful supplier management program goes beyond strategic sourcing.

Management

Management Right-Sizing Supply Chain Management Strategic Sourcing

Vendor Analysis: What Is It, Process, Types, and Best Practices

Planergy Software

JANUARY 19, 2024

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Read on to learn more about how effective vendor analysis can help you streamline your supply chain management efforts! How to gain visibility and control of your indirect spend. What is Vendor Analysis?

Risk Management

Risk Management Risk Management Supply Chain Management Sourcing

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

Planergy Software

JANUARY 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It allows companies to develop relationships with key suppliers who provide the best value for money and services, allowing for easier supply chain management and lower supply chain risk.

Supply Chain Management

Supply Chain Management Regulations Manufacturing Finance

ESG In Supply Chain: Creating a Sustainable Value Chain

Planergy Software

JULY 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. ESG In Supply Chain: Creating a Sustainable Value Chain. For example, consider collaborating with value chain partners to reduce carbon emissions in the intensive areas of your supply chain.

Supply Chain Management

Supply Chain Management Sourcing Manufacturing Finance

Supplier Management Best Practices

Planergy Software

MARCH 24, 2022

They also include performance expectations, data breach management details, compliance requirements, and corresponding penalties for failure to operate within those confines. Your contract should also include information-sharing expectations so that you can effectively work collaboratively with your vendors. Download PDF.

Management

Management Insurance Supply Chain Management Right-Sizing

Supply Chain Decisions: Skills and Best Practices

Planergy Software

APRIL 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Supply Chain Decisions: Skills and Best Practices. Process & Procedures Sourcing Supply Chain Management. The strategic level addresses the big picture and general decisions.

Supply Chain Management

Supply Chain Management Manufacturing Sourcing Management

Services Procurement: What Is It and How To Manage It

Planergy Software

JULY 21, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Doing Business Once you’ve started working with a vendor, having a clear statement of work and adequate contract management is key. How to gain visibility and control of your indirect spend.

Management

Management Service Strategic Sourcing Supply Chain Management

Using Supplier Segmentation To Maximize Supplier Relationships

Planergy Software

FEBRUARY 8, 2022

How better management in AP can give you better flexibility for cash flow management. Strategic Sourcing Supplier Performance Supplier Relationship Management. Why is developing collaborative relationships with your most strategic suppliers crucial to your success? Download Free Copy. Written by.

Strategic Sourcing

Strategic Sourcing Supply Chain Management Collaborations Finance

Supplier Consolidation: What It Is, Benefits, and Risks

Planergy Software

NOVEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Best Practices & Tips Strategic Sourcing Supplier Relationship Management. It can work for basic things like office supplies you don’t often need. Download Free Copy. Written by. 14 min read.

Strategic Sourcing

Strategic Sourcing Reduced Costs Sourcing Supply Chain Management

Global Sourcing Brief

What Is Strategic Sourcing? – Definition

What Is Strategic Sourcing? – Definition

Trending Sources

How to Navigate the Supply Chain Mess

How Strategic Procurement Can Give You a Competitive Advantage

The Art of Establishing Trust

Reengineering Resilience: Why Supply Chain Resilience And Sustainability Is Finally More Than A Discussion

RFI, RFP, RFQ, ROI, RFT: What’s the Difference?

Best Practices for Supplier Management

11 Cost Reduction Strategies in Procurement

Best Practices for Supplier Management

Vendor Analysis: What Is It, Process, Types, and Best Practices

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

ESG In Supply Chain: Creating a Sustainable Value Chain

Supplier Management Best Practices

Supply Chain Decisions: Skills and Best Practices

Services Procurement: What Is It and How To Manage It

Using Supplier Segmentation To Maximize Supplier Relationships

Supplier Consolidation: What It Is, Benefits, and Risks

Stay Connected