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4 strategic sourcing use cases to strengthen your supply chain

IBM Services

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. And from that group, 71% would pay a premium for it.

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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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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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From The Outside-In

SIG Speaks

SIG University Certified Sourcing Professional (CSP) program graduate Tracie Ninh shares an outside perspective for integrating the best sourcing practices into your team. I am not a sourcing manager, nor have I ever been. Why do I consider myself an “outsider” even though I’ve always worked with sourcing?

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5 Advantages of Overseas Manufacturing

SourcX

Even though workers are paid less than they would be in a developed country, proponents of low cost country sourcing argue that manufacturing overseas brings opportunities to workers that most need them. Favorable Regulations. It’s often a strong strategic move that can position a company to keep growing and expanding.

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Ethical Outsourcing and a Regenerative Economy

NoonDalton

This economic system goes beyond sustainability; it aims to renew and revitalize its own sources of energy and materials. Laws and regulations vary widely from country to country, and what is considered ethical in one region may not be the same in another. Simultaneously, the concept of a Regenerative Economy is gaining traction.

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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. Ensuring that all ingredients are sourced from reputable suppliers is vital for maintaining a product’s health and safety standards. How to gain visibility and control of your indirect spend. Download Free Copy.