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. And from that group, 71% would pay a premium for it.
SIG Speaks
MAY 16, 2023
A decade ago, outsourcing procurement and engineering functions to a crowdsourcing organization would have seemed radically innovative, especially in regulated utilities. But the workforce has changed. The COVID pandemic made working from home the mainstream.
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SIG Speaks
OCTOBER 12, 2023
Intelligent algorithms can analyze supplier profiles, performance data, and market trends to identify the most suitable vendors for a business’s specific requirements. In my experience in financial services, security, and privacy laws are being regulated more every year.
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.
SourcX
OCTOBER 11, 2020
By manufacturing in countries like China, India, Vietnam, Bangladesh, and the Philippines, companies gain access to a low cost labor market that can save them a lot of money. Favorable Regulations. Developing a global presence could expand the opportunity to sell products to markets in neighboring countries as well.
SIG Speaks
SEPTEMBER 28, 2023
This analysis attempts to explore how procurement and sourcing functions of publicly traded technology companies with market capitalizations between $15 billion to $35 billion (“Tech Company”) can evaluate, implement, and monitor emerging Environmental Social and Governance (“ESG”) regulations within their supply chain.
IBM Services
DECEMBER 13, 2023
A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. The strategy should be flexible enough to adapt to changing market conditions and organizational needs.
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