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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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What are the Benefits of a Strategic Sourcing Software?

Obobo

What are the Benefits of a Strategic Sourcing Software? Strategic sourcing is a process that involves evaluating and negotiating with suppliers to ensure the best price, quality, and delivery of goods. What is Strategic Sourcing Software? There are many benefits of using strategic sourcing software.

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Keelvar Unveils First of its Kind Autonomous Sourcing Solution, for Transformed Outcomes Across Strategic, Tactical and Tail Spend

Future of Sourcing

The announcement makes Keelvar the only provider in the market to offer an optimization and automation solution in one tool for transformed sourcing across the full spend lifecycle – from strategic to tail – with no training or sourcing experience required.

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What is RFX In Procurement? Understanding RFP’s, RFQ’s & RFI’s

Obobo

By saving time and money, these software systems help companies be more efficient. How will using eSourcing , as well as eRFx ultimately help business owners make more informed decisions when it comes to their strategic sourcing initiatives? What is RFI (Request For Information)?

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Stakeholder and Change Management

SIG Speaks

SIG University Certified Sourcing Professional (CSP) program graduate Brynn Wheeler describes how to manage stakeholders for RFX by fostering a trusting atmosphere and inspiring participation. PMs should assess each player’s level of category knowledge, distance to operational tasks, level of seniority, and level of ownership.

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Artificial Intelligence: The Positives and Dangers of AI

SIG Speaks

SIG University Certified Sourcing Professional (CSP) program graduate Aaron Eleazer shares how the advancements of AI technology provide an exciting and innovative space that has an important place in how business is done and improved upon and also shares the concerns associated with it.

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Tail Spend Analysis: What Is It, How To Perform It, and the Benefits

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. In this blog post, we’ll cover what tail spend analysis is, its benefits, how to develop a plan for it, how to analyze data and trends, and how to best leverage tail spend analysis to improve efficiency.