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Why Cost Modeling And Price Benchmarking Are Ineffective For Strategic Sourcing

Sourcing Advisors Group

Many in Procurement and Strategic Sourcing espouse the use of should-cost or clean-sheet models, benchmarks and other behavior sensing models in support of negotiating prices on direct and indirect spend category products & services. We recommend a comprehensive program, including: Apply Strategic Sourcing 101 principles.

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2023 FOSA Finalists

Future of Sourcing

Innovations in Sustainability Dräeger – Using Smart Processes to Create Resilient Supply Chains SAP / DSM - Firmenich – How Royal DSM and SAP Digitalized Global Procurement Processes for Strategic Source-to-Pay Capabilities and Sustainability Safety Projects International, Inc.

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Price isn’t just important … it’s all that matters!

Sourcing Advisors Group

It is the ONLY way we quantify and dispassionately measure results – particularly so for Procurement and Strategic Sourcing results. Most retailers start with brand but ultimately compete on price. This notion arises from a total misunderstanding of what Strategic Sourcing is all about. Online couponing 2.0.

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Driving Automation and Change in Enterprises

SIG Speaks

Previously spending 5 years supporting Strategic Sourcing for Ulta Beauty’s Digital and Retail Media Network business, UB Media, she has a passion for innovation. Visit our website to learn more about intelligent process automation and enroll for the upcoming semester.

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Using A GPO Model To Fight Inflation? Insights From Our Second Interview With A Senior Procurement Executive

SIG Speaks

In this article, we hear takeaways from a recent CPO Rountable discussion from Michael Koontz, VP, Strategic Sourcing & Business Leader for American Tire Distributors (ATD) Sourcing Solutions. Of course, the ATD Sourcing Solutions group adds value well beyond negotiating a volume discount for goods and services.

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Artificial Intelligence: The Positives and Dangers of AI

SIG Speaks

The Certified Sourcing Professional (CSP) Program is a 10-week course that focuses on the hard and soft skills of sourcing, including strategic sourcing and outsourcing methodologies, as well as best practices in negotiations.

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Five Factors Transforming the Life Sciences Supply Chain and Creating IT Opportunities | Blog

Everest Group

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.