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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.

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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

Implementing strategic sourcing is a way to add long-term value and continually optimize manufacturing processes. Develop a Sourcing Strategy. After researching suppliers , narrow down to top candidates and begin seeking bids. An RFQ can also be used for product pricing comparison and purchasing information from vendors.

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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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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. How do those competencies align with an organization’s long-term strategic business plans?

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This Month at SIG – December 2022

SIG Speaks

Sourcing Industry Landscape Podcast. Speaking with a Supernova, featuring Michael Koontz, VP Strategic Sourcing & Business Leader for ATD Sourcing Solutions. To receive the latest updates on SIG events, executive interviews and new industry research, subscribe to receive blog updates. Listen now. Subscribe. .