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How Does Strategic Sourcing Work?

Obobo

How Does Strategic Sourcing Work? The aim of strategic sourcing is to ensure the timely delivery of goods and services in line with an organisation’s business objectives, while reducing supply chain risks and costs. How Does Strategic Sourcing Work? Sourcin

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What Is Strategic Sourcing? – Definition

Obobo

What Is Strategic Sourcing? In the context of digital transformation, procurement and supply chain processes are evolving as a result of strategic sourcing, and the trend is poised to continue. How Does Strategic Sourcing Work? Sourcing

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How Does Strategic Sourcing Work?

Obobo

How Does Strategic Sourcing Work? The aim of strategic sourcing is to ensure the timely delivery of goods and services in line with an organisation’s business objectives, while reducing supply chain risks and costs. How Does Strategic Sourcing Work?

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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. This shows the strategic role that sourcing has assumed in helping organization’s goals.

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What Is Strategic Sourcing? – Definition

Obobo

What Is Strategic Sourcing? In the context of digital transformation, procurement and supply chain processes are evolving as a result of strategic sourcing, and the trend is poised to continue. How Does Strategic Sourcing Work? Knowledge - Sourcing

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What you need to know about Strategic Sourcing

Sourcing Captain

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. Why is Strategic Sourcing important for your Organization?

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Consero Procurement & Strategic Sourcing Forum | Event

Everest Group

Consero Procurement & Strategic Sourcing Forum. Everest Group is a proud partner of Consero’s Procurement & Strategic Sourcing Forum taking place from May 1 – 3 at the Wigwam Resort in Litchfield Park, AZ. In-Person Event.

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GSA Strategic Sourcing Symposium: Future of CX | Event

Everest Group

GSA Strategic Sourcing Symposium: Future of CX. The Global Sourcing Association’s Strategic Sourcing Symposium guides organisations to sustainable resilience through optimised use of technology and business services. EVENT.

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The Ultimate Guide To Strategic Sourcing Process

Obobo

The post The Ultimate Guide To Strategic Sourcing Process appeared first on Oboloo. SourcingThe Ultimate Guide To Purchase Orders. What Is A Purchase Order (PO)? As a starting point, it would be logical to answer the obvious question, what is a purchase order?

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What Are The Benefits Of Using Strategic Sourcing For Businesses In Procurement?

Obobo

What Are The Benefits Of Using Strategic Sourcing For Businesses In Procurement? Strategic sourcing has emerged as a vital tool for organizations looking to optimize their procurement processes and reduce costs without sacrificing quality. In this blog post, we will explore the benefits of using strategic sourcing for businesses in procurement and how it can help bolster your bottom line. What is Strategic Sourcing?

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The Ultimate 7 Step Guide To Strategic Sourcing

Obobo

The Ultimate 7 Step Guide To Strategic Sourcing. The pursuit of that involves constantly improving and reevaluating a company’s purchasing activities, also known as Strategic Sourcing. What is Strategic Sourcing? Strategic Sourcing Information.

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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. Develop a Sourcing Strategy.

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Strategic Sourcing Enables IT To Support Growth Initiatives

Sourcing Advisors Group

As a result, Sourcing Advisors Group findings show that many IT organizations have been unable to generate meaningful cost reductions, beyond short-lived down-ward ticks that are often followed by large spending increases.

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CFOs Can More Than Double Planned Cost Reductions Using Strategic Sourcing

Sourcing Advisors Group

Despite these significant actions, Gartner findings indicate that most firms are leaving 50c on the dollar – if not more – on the table by failing to fully leverage their purchasing power, as best-practices Strategic Sourcing shows that most firms can generate a permanent 20% cost reduction.

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The Future of Strategic Sourcing and its Impact on Customer Experience

TTEC

Formerly the National Outsourcing Association (NOA), they rebranded in 2016 and continue to be an industry association and professional body for strategic sourcing. Kerry touches on the imminent anniversary and the impact COVID has had on the CX and sourcing industry!

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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.

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The Evolution of Sourcing Advisory

Avasant

The post The Evolution of Sourcing Advisory appeared first on Avasant. Press Release Publications sourcing advisory strategic sourcing

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Comment on Nightmare IT Negotiations by Strategic Sourcing in the Stone Ages - Ms Category Management

Ms Category Management

[…] Nightmare Negotiations […

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Comment on Sustainability – It’s the New Black for Strategic Sourcing and Procurement by Celia Landesberg - Leading The Way In Sustainable Procurement #WSW

Ms Category Management

[…] for her and what she’s doing. Especially, since she’s on the cutting edge of the new black of procurement – […

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Call Center Outsourcing 101: A Buyer’s Perspective

Strategic Sourcing Advisors

Reprinted from CIO Review Magazine By Jon Browning, CEO, Strategic Sourcing Advisors Strategic Sourcing Advisors helps companies determine their best procurement and site location strategies.

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Mastering AHT in Your Call Center: 7 Essential Questions and Answers

Strategic Sourcing Advisors

The post Mastering AHT in Your Call Center: 7 Essential Questions and Answers appeared first on Strategic Sourcing Advisors. Average Handle Time (AHT) sits at the core of your call center business. Without it, you cannot manage your people or service properly.

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Supplier Consolidation: What It Is, Benefits, and Risks

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Best Practices & Tips Strategic Sourcing Supplier Relationship Management. Clients and results. More Customers.

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New Options to Help Companies Find the Best Outsourcing Vendors

Strategic Sourcing Advisors

Strategic Sourcing Advisors (SSA) launches a new advisory service today that will dramatically simplify the process of finding the right outsourced contact center provider.

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How Strategic Procurement Can Give You a Competitive Advantage

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. How Strategic Procurement Can Give You a Competitive Advantage. Procurement Strategic Sourcing. Spend Management Procurement Strategic Sourcing

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Five Procurement Best Practices for Contact Center Buyers

Strategic Sourcing Advisors

The post Five Procurement Best Practices for Contact Center Buyers appeared first on Strategic Sourcing Advisors. Selecting a contact center provider can be a challenge. Do you go for the biggest brand in town or a niche provider?

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The Foundation for Successful Contact Center Outsourcing

Strategic Sourcing Advisors

The post The Foundation for Successful Contact Center Outsourcing appeared first on Strategic Sourcing Advisors. SSA’s leadership team shares their insights for a successful outsourced services implementation.

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Could Impact Sourcing be the Next Global Hiring Trend?

Strategic Sourcing Advisors

Many BPO companies are now implementing a new hiring model commonly referred to as impact sourcing, designed to combine socially responsible hiring practices with an opportunity to engage untapped labor markets. The post Could Impact Sourcing be the Next Global Hiring Trend?

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Using Supplier Segmentation To Maximize Supplier Relationships

Planergy Software

Strategic Sourcing Supplier Performance Supplier Relationship Management. Supplier segmentation is important because organizations must build sustainable partnerships with their most strategic suppliers to achieve the most value. Clients and results. More Customers.

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Strategic Sourcing is an enormous and untapped opportunity for most firms

Sourcing Advisors Group

The latest in the series is the CPO STUDY 2021, Pursuing Sourcing Effectiveness Among Disruption and Shifting Priorities published by WBR Insights and Jaggaer identified 6 measures – all of which measure cost reduction. Value from procurement almost 100% comes from Sourcing.

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What is Procurement Consulting and What Do They Do?

SourcX

Many businesses acknowledge the advantages of sourcing in low cost countries. Increasing numbers of executives see the writing on the wall, and can no longer ignore the fact that sourcing in low cost countries can reduce labor costs and give them access to robust manufacturing facilities.

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Outsourcing Services Pricing: What to Expect Next | Webinar

Everest Group

CIOs, CTOs, and CDOs IT and BPO department leaders SVMOs CPOs Strategic sourcing leaders Category managers Supplier management leaders Vendor managers. O N-DEMAND WEBINAR. Outsourcing Services Pricing: What to Expect Next.

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Pricing Actions to Capture Outsourcing Savings and Drive Success in 2023 | Webinar

Everest Group

Live Webinar Pricing Actions to Capture Outsourcing Savings and Drive Success in 2023 February 14, 2023 | 9 a.m. CST | 10 a.m. EST | 3 p.m. GMT | 8:30 p.m. IST The past two years have witnessed a major talent crunch for technology services skills.

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Sourcing In the Midst of a Pandemic

SIG Speaks

SIG University Certified Sourcing Professional (CSP) program graduate Daniel Coggins shares how his organiztion has adapted their sourcing strategies to best suit the current challenges the pandemic has created for the sourcing world. I want to share how the current pandemic impacts a sourcing professional’s day-to-day job in various ways. . One area of sourcing that has been dramatically impacted is stakeholder management.

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CPOs: Procurement can do better

Sourcing Advisors Group

Upskill Procurement’s Strategic Sourcing Expertise. It is no secret that most Procurement teams lack Strategic Sourcing expertise. Generate 20%+ EBITDA improvement , driven principally by deployment of best-in-class Strategic Sourcing approach.

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Clashing Priorities: Vendor Diversification vs Efficiency and Vendor Risk Management

Sourcing Advisors Group

The growing approved supplier base and decreasing supplier visibility will further deteriorate what is already a bleak performance of most Strategic Sourcing teams.

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Sustainable Procurement Maturity

SIG Speaks

Specifically, this survey examines the following criteria to determine your maturity in sustainable procurement: Convert ESG-related company ambitions into strategic procurement objectives. She has a specialty in procurement, strategic sourcing, supply chain, operational cost reduction, and due diligence and operational due diligence. . He focuses primarily on restructuring, operational cost reduction, and strategic sourcing.

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How BFSI GBS Organizations are Taking a Leadership Role within the Enterprise VMO | Virtual Roundtable

Everest Group

In fact, some BFSI GBS organizations have evolved from “participating” to “owning” certain components of enterprises’ service provider sourcing programs. VIRTUAL ROUNDTABLE | MEMBERSHIP EVENT. How BFSI GBS Organizations are Taking a Leadership Role within the Enterprise VMO.

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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.

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Sizing Up the Digital World Class™ Advantage – and the Procurement Operating Model Transformation Required to Achieve It

The Hackett Group

As companies navigate the impact of both inflation and slowing growth, strategic sourcing, business partnering and supplier management capabilities remain under particularly intense scrutiny. times more spend sourced through an electronic auction.

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Recap of CPO & Executive Virtual Series with ProcureAbility

SIG Speaks

In the future of advanced crowdsourcing for procurement, leaders will increasingly source ideas from resources with more diverse skill sets. ProcureAbility predicts that by 2030, strategic sourcing will take no longer than two weeks, thanks to cognitive computing. Also, they predict that over 90% of sourcing will be done by either contractors or automation. Effectively creating a scalable workforce with experts executing the strategic sourcing process. .

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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. Speaking with a Supernova, featuring Michael Koontz, VP Strategic Sourcing & Business Leader for ATD Sourcing Solutions.

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A Post Pandemic Imperative

SIG Speaks

SIG University Certified Sourcing Professional (CSP) program graduate Nick Fratto describes how sourcing professionals must adapt to a post pandemic industry and how to find the perfect supplier's for your business. Bottlenecks, stockouts, shipping delays, and inflated costs have become common obstacles for sourcing practitioners.