Sourcing Captain
AUGUST 25, 2021
In today’s hugely competitive global markets, everyone strives to reduce their sourcing costs while still maintaining the quality. Effective sourcing of goods from suppliers is more important today than it was ever before. For this reason, strategic sourcing has become central to every organization’s procurement policy.
IBM Services
FEBRUARY 13, 2024
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.
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Sourcing Captain
SEPTEMBER 16, 2021
As we have discussed in our previous blogs, strategic sourcing is the perfect and innovative way to reduce costs, achieve a faster time to market and improve the quality of the final product. Moreover, it has been shown that 88 percent of organizations consider strategic sourcing as critical or major.
Ivemsa
SEPTEMBER 28, 2022
Implementing strategic sourcing is a way to add long-term value and continually optimize manufacturing processes. Too often manufacturers jump into supplier negotiations before even considering exactly what they need and how much they can afford to spend. Develop a Sourcing Strategy. Evaluate Project Needs.
Sourcing Advisors Group
JUNE 17, 2021
. … there are some benefits to be gained in procurement operations … sometimes there is value in contract management and SRM … however, most of value will come from Sourcing. Value from procurement almost 100% comes from Sourcing. Strategic Sourcing is an untapped opportunity for most firms.
SourcX
OCTOBER 11, 2020
More and more companies are realizing the draw of manufacturing overseas, often in low cost countries. Keeping costs down throughout the manufacturing process allows them to increase profit margins, and many low cost countries offer a wide selection of experienced potential suppliers and advanced manufacturing facilities.
Perficient Digital Transformation
NOVEMBER 8, 2021
Companies should know where products are in the supply chain, whether it’s raw materials, suppliers, manufacturing, distribution, or retailers. This means that there should be support and communication from various business functions rather than having a “laissez-faire” approach to the manufacturing process. Cycle time reduction.
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