IBM Services

JANUARY 31, 2024

Think of it this way: sourcing is the “who” (the suppliers themselves) and procurement is the “what” (goods and services). The main motivators for outsourcing are cost savings; the flexibility to ramp up or scale back functions and goods or services as needed; and greater access to specific skills or raw materials.

Sourcing 99

Sourcing Strategic Sourcing Supply Chain Management Outsourcing 99

NoonDalton

NOVEMBER 8, 2023

In the fast-paced world of global commerce, ‘outsourcing’ has often been synonymous with cost-cutting and efficiency—sometimes at the expense of ethical considerations and long-term sustainability. However, a new paradigm is emerging: Ethical Outsourcing. What is Ethical Outsourcing?

Outsourcing 52

Outsourcing Accounting Regulations Strategic Sourcing 52

Everest Group

JULY 18, 2023

Join this webinar as our expert analysts discuss the crucial design factors in evolving procurement and category management organizations, covering aspects such as accountability structures, emerging roles and skillsets, governance, policies, and outsourcing adoption. What questions will the webinar answer for the participants?

Management 59

Management Strategic Sourcing Outsourcing Government 59

SIG Speaks

OCTOBER 12, 2023

The rapid advancements in AI have notably impacted various business functions, including procurement and sourcing. Businesses and organizations continue to strive to enhance efficiency, reduce costs, and gain a competitive edge, and AI technologies have begun to revolutionize the procurement landscape.

Sourcing 40

Sourcing Strategic Sourcing Outsourcing Regulations 40

SIG Speaks

OCTOBER 26, 2023

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.

Management 40

Management Strategic Sourcing Facilities Management Sourcing 40

Future of Sourcing

JULY 28, 2023

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.

Facilities Management 52

Facilities Management Robotics Process Automation Retail Strategic Sourcing 52

SIG Speaks

JUNE 20, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Thomas Cooper describes how with the increasing pressures on supply chains and sourcing organizations lately, efficiency and effectiveness cannot be understated in an organization. For instance, if you take apart a car, you lose the ability to drive.

Sourcing 40

Sourcing Strategic Sourcing Impact Sourcing Engineering 40

SIG Speaks

DECEMBER 21, 2023

By clearly defining the issue severity level and escalation path, sourcing professionals can help reduce noise and drive efficient resolution. She has experience standing up large outsourcing deals, M&A transactions, and negotiating significant software purchases with start-ups and established conglomerates.

Management 40

Management Strategic Sourcing Government Sourcing 40

Everest Group

OCTOBER 31, 2022

Supply chain visibility, strategic sourcing, cold chain requirements, sustainability demands, and personalized medicine are creating opportunities in the life sciences supply chain for IT partners delivering digital solutions. Read this first part of our blog series to understand the shift that is underway.

Pharmaceuticals 52

Pharmaceuticals Strategic Sourcing Manufacturing Regulations 52

SIG Speaks

OCTOBER 19, 2023

By presenting clearly and concisely, procurement professionals can foster transparency and accountability, enabling executives to make informed decisions based on a thorough understanding of the procurement function's contributions. One of the primary objectives of procurement is to achieve cost savings while maintaining quality and efficiency.

Strategic Sourcing 40

Strategic Sourcing Sourcing Manufacturing Risk Management 40

SIG Speaks

AUGUST 31, 2023

This essential function is a part of every business, and a company must develop sound business models that ensure the process is efficient and effective. Several factors determine whether a business model is efficient and effective. Efficiency and effectiveness are impacted significantly by technology.

Collaborations 40

Collaborations Strategic Sourcing Sourcing Efficiency 40

SIG Speaks

MARCH 8, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Thomas Moran shares the different types of KPIs that are vital to an organization and the importance of performance management. Lagging KPIs are excellent when keeping accountability for your Vendor or outsourced work. It creates accountability to ensure.

Management 40

Management BPO Global Outsourcing Outsourcing 40

SIG Speaks

SEPTEMBER 28, 2023

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.

Sourcing 40

Sourcing Right-Sizing Strategic Sourcing Advisory 40

SIG Speaks

JULY 14, 2023

Using practical approaches, sourcing models, and cross-functional relationship models, implementing category management strategies can build value throughout the supply chain. The business can realize efficiencies in every aspect of goods and service deliverables using a data-driven and tactical approach.

Management 40

Management Strategic Sourcing Sourcing Design 40

SIG Speaks

AUGUST 17, 2023

We must have practical E-sourcing tools that allow us to be efficient. We then compiled our requirements, held technical calls, issued, and evaluated an RFI and RFP, and hosted demonstrations before purchasing Workday Strategic Sourcing, formerly ScoutRFP. The hope was to streamline the source-to-contract process.

Strategic Sourcing 40

Strategic Sourcing Sourcing Regulations Engineering 40

SIG Speaks

MARCH 10, 2023

Therefore, the question is, how can you compare a large base of vetted suppliers efficiently (Supplier Performance Management in Bulk)? However, as bottlenecks continue, many investments are no longer "standardized" and "non-critical."A A simple purchase for MRO could now lead to weeks of downtime.

Strategic Sourcing 40

Strategic Sourcing Sourcing Sales Administrative 40

SIG Speaks

AUGUST 3, 2023

Quickly identifying or comparing two legal documents for similarities or contrasting clauses is a tremendous step forward in the evolution of process improvement, effectiveness, and efficiency.

Strategic Sourcing 40

Strategic Sourcing Analytics Retail Sourcing 40

SIG Speaks

APRIL 25, 2023

To gain efficiencies, reduce costs and ensure long-term viability, the company executives wanted to consolidate the company as one. The company's prior organizational structure was that each facility was its entity with its procurement, human resources, quality, and manufacturing departments excreta.

Sourcing 40

Sourcing Management Co-Sourcing Strategic Sourcing 40

SIG Speaks

JUNE 14, 2022

The hybrid procurement method combines a central procurement base with subject matter experts (SMEs) already in each department to balance stakeholders' functionalities and strategic sourcing, which gives the business the best of both worlds. . Participation and support to allow efficiency. Most important their expertise.

Strategic Sourcing 40

Strategic Sourcing Sourcing Banking Retail 40

SIG Speaks

SEPTEMBER 14, 2023

Reviewing the total cost of doing this in-house versus engaging a supplier to manage these tasks may prove that the total price is lower to outsource. However, we can adopt many more strategies from this program to be even more efficient and cost-effective. Recognizing that TCO is not an exact science is essential.

Supply Chain Management 40

Supply Chain Management Sourcing Strategic Sourcing Risk Management 40

SIG Speaks

JUNE 13, 2023

Finally, at project conclusion, a PM should always have an open conversation with their stakeholders about project results and what could be done differently to make the process more efficient. Carrying out a project without stakeholder buy-in is a key driver in project failure.

Management 40

Management Supply Chain Management Strategic Sourcing Out-Tasking 40

SIG Speaks

MARCH 28, 2022

Michael is the VP Strategic Sourcing & Business Leader for ATD Sourcing Solutions, whose unique approach to battling inflation we will discuss in a follow-up post. Recognizing that suppliers are an integral part of what we do, we need to create new efficiencies leveraging our suppliers’ labor force to deliver services.

Strategic Sourcing 40

Strategic Sourcing Sourcing Outsourcing Collaborations 40

Obobo

MARCH 23, 2023

Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing. Centralize purchasing to drive efficiency, streamline purchasing procedures, and minimize silos. Procurement teams can also use technology to manage purchasing more efficiently.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

Obobo

DECEMBER 17, 2021

In light of the ongoing effects of the pandemic, it is essential that businesses keep track of all cost reduction initiatives and strategic sourcing in order to survive harsh economic declines. Savings tracking refers to a method of estimating how much a company will save by using strategic sourcing and other cost-effective tactics.

Strategic Sourcing 52

Strategic Sourcing Finance Software Out-Tasking 52

SIG Speaks

APRIL 14, 2023

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. The contract and deal renewal are finalized.

Marketing 40

Marketing Banking Sourcing Strategic Sourcing 40

SIG Speaks

MARCH 30, 2023

Trust has benefits in a sourcing environment. It simplifies the processes of procuring goods/services, improves overall efficiency, engagement, and productivity, and leads to increased profit. As SIG University states, it is a “there’s enough for all” mindset.

Co-Sourcing 40

Co-Sourcing Supply Chain Management Sourcing Banking 40

SIG Speaks

DECEMBER 13, 2022

TCO is enabling us to source energy-efficient products, environmentally friendly & contributing to sustainability. In the end, I must mention that the SIG-CSP program has put me on a more professional, structured path as a Sourcing Manager & enjoyed the course thoroughly. Cost modeling revealed that supplier A is L1.

Co-Sourcing 40

Co-Sourcing Sourcing Strategic Sourcing Engineering 40

Planergy Software

JULY 21, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Whether you work with a small business or enterprise-level partner, strategic sourcing is key because you want to keep stakeholders happy. How to gain visibility and control of your indirect spend.

Management 52

Management Service Strategic Sourcing Supply Chain Management 52

SourcX

OCTOBER 11, 2020

Because countries like China have become manufacturing meccas over the years, they’ve developed world-class manufacturing facilities and infrastructure that allows them to meet the manufacturing needs for many companies quickly and efficiently. India has also developed top-of-the-line manufacturing facilities. Tax Incentives.

Manufacturing 52

Manufacturing Labor Costs Regulations Pharmaceuticals 52

Planergy Software

JANUARY 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. You can manage suppliers by breaking them down into different tiers more efficiently. Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. Download PDF.

Supply Chain Management 52

Supply Chain Management Regulations Manufacturing Finance 52

Planergy Software

SEPTEMBER 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Vertical Integration: By taking control of different stages of the production or distribution process, businesses can gain supply chain control, reduce costs, increase efficiency, and differentiate their products and services.

Manufacturing 52

Manufacturing E-Commerce Human Resources Marketing 52

Planergy Software

OCTOBER 25, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. You can avoid misunderstandings and resolve conflicts quickly and efficiently by keeping detailed records. Be Efficient with Resource Management. Know When to Outsource. Download Free Copy. Written by.

Management 52

Management Out-Tasking Finance Software 52

Planergy Software

SEPTEMBER 24, 2021

What changes are necessary to maximize our procedures, protocols, and processes for maximum performance and efficiency—both in the finance department, and the organization as a whole? Augment the existing skills of their team with additional training, and aren’t afraid to outsource to secure new skills or build remote teams.

Finance 97

Finance Collaborations Flexibility Robotics Process Automation 97