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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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Why you need a Project Manager for Effective Strategic Sourcing?

Sourcing Captain

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.

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Is your Strategic Sourcing team experienced?

Sourcing Advisors Group

Yet, the question of productivity and results comes up time and time again, particularly for the Strategic Sourcing function. Is your Strategic Sourcing team experienced? To answer this question, it is helpful to understand the maturity spectrum for Strategic Sourcing.

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3 Strategic Sourcing Steps and How Nearshoring to Mexico Plays a Part

Ivemsa

Sourcing quality suppliers is essential to a production’s efficiency and overall success. Implementing strategic sourcing is a way to add long-term value and continually optimize manufacturing processes. Implementing strategic sourcing is a way to add long-term value and continually optimize manufacturing processes.

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How to build a successful product development strategy

IBM Services

Research During this phase, the new product idea is placed within the context of the current market. Firms might conduct market research related to their new feature or product line, solicit customer feedback, or engage focus groups. This will become the sample as materials and vendors are sourced for mass production.

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Recap of CPO & Executive Virtual Series with ProcureAbility

SIG Speaks

Conrad, CEO at ProcureAbility, opened the day by explaining the team's research methodology. This process consists of a team of experts who hypothesize on emerging trends and then conduct in-depth research to validate that analysis. Also, they predict that over 90% of sourcing will be done by either contractors or automation.

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This Month at SIG – December 2022

SIG Speaks

How to Source Smartly in Times of Inflation. Join Coupa Software experts Ayush Sharma and Dr. Jeffery Collins on the challenges of sourcing in the current inflationary environment—and what's coming in 2023! Sourcing Industry Landscape Podcast. Join us for this collaborative and very personal conversation! register now. . .