Future of Sourcing

MAY 11, 2023

The announcement makes Keelvar the only provider in the market to offer an optimization and automation solution in one tool for transformed sourcing across the full spend lifecycle – from strategic to tail – with no training or sourcing experience required.

Sourcing 52

Sourcing Strategic Sourcing Automation Out-Tasking 52

SIG Speaks

OCTOBER 12, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Lauren Redden shares an excellent essay on the power of AI to transform the smart sourcing industry, in balance with the potential risks that companies must evaluate in employing more intelligent automation into their processes.

Sourcing 40

Sourcing Strategic Sourcing Outsourcing Regulations 40

Planergy Software

MAY 5, 2022

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. No longer can strategic sourcing be just in time and just in case. Download Free Copy. Written by.

Strategic Sourcing 59

Strategic Sourcing Sourcing Reduced Costs Supply Chain Management 59

IBM Services

JANUARY 16, 2024

This will likely involve collaboration between the product design team, project management, sales, and other departments as the business creates a detailed roadmap for how the new product will be built and deployed. This will become the sample as materials and vendors are sourced for mass production.

Engineering 80

Engineering Manufacturing Collaborations Research 80

Perficient Digital Transformation

JULY 19, 2024

Our supply chain experts routinely help organizations in sales and operations planning, strategic sourcing and spend control, procure to pay, inventory and materials management, operations continuation, risk management, end-to-end supply chain visibility, and more.

Manufacturing 64

Manufacturing Management Strategic Sourcing Research 64

Obobo

JUNE 15, 2022

How will using eSourcing , as well as eRFx ultimately help business owners make more informed decisions when it comes to their strategic sourcing initiatives? RFx brings together RFIs , RFPs and RFQs , and is, therefore, an acronym that is used more frequently in strategic sourcing and procurement. .

Strategic Sourcing 52

Strategic Sourcing Sourcing Software Streamline Operations 52

IBM Services

DECEMBER 13, 2023

It can nurture collaborative partnerships with suppliers and integrate ethical and environmental (green purchasing) considerations into the sourcing strategy. It should be a strategic roadmap that, when effectively designed and implemented, aligns with the mission of the organization and greatly contributes to its success.

Sourcing 70

Sourcing Administrative Collaborations Strategic Sourcing 70

SIG Speaks

DECEMBER 21, 2021

Sustainable Sourcing 101. Most Popular Future of Sourcing Articles. SIG's global community has grown to more than 40,000+ sourcing professionals. SIG Source. Stay connected all year round with our new online community platform, SIG Source! Certified Strategic Sourcing Executive. What's Coming in 2022.

Strategic Sourcing 52

Strategic Sourcing Sourcing Banking Research 52

SIG Speaks

DECEMBER 13, 2022

Virtual Organizational Design . . 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. Cognitive Computing.

Cybersecurity 40

Cybersecurity Strategic Sourcing Sourcing Research 40

SIG Speaks

MAY 31, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Jon Cody Hildebrand discusses the principles and key ways of managing different stakeholders. There needs to be more debate among sourcing professionals in large organizations regarding the importance of achieving real buy-in from stakeholders.

Management 40

Management Supply Chain Management Strategic Sourcing Sourcing 40

SIG Speaks

DECEMBER 21, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Kate Burke outlines the necessary points for creating a strong, healthy, and productive relationship while ensuring your company has a clear path of intention and expectation. Then, ensure a well-designed governance framework is built into the contract.

Management 40

Management Strategic Sourcing Government Sourcing 40

SIG Speaks

JULY 14, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Stephanie Clark shares an excellent analysis of the category management process from a strategic lens and notes when a well-designed program is enabled, it is equally effective for direct and indirect spend and across spend categories.

Management 40

Management Strategic Sourcing Sourcing Design 40

SIG Speaks

JUNE 14, 2022

SIG University Certified Sourcing Professional (CSP) program graduate Nancy Wieskus shares the "Better Method" for procurement teams to implement into their procurement system. Stakeholders play a vital role and are crucial to sourcing initiatives by offering: Consent which allows for changes. Most important their expertise.

Strategic Sourcing 40

Strategic Sourcing Sourcing Banking Retail 40

SIG Speaks

MARCH 10, 2023

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.

Strategic Sourcing 40

Strategic Sourcing Sourcing Sales Administrative 40

SIG Speaks

JUNE 13, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Brynn Wheeler describes how to manage stakeholders for RFX by fostering a trusting atmosphere and inspiring participation. In 2020, Brynn left the aerospace domain to join Sprouts’ indirect sourcing team as an analyst and has since advanced to a procurement specialist.

Management 40

Management Supply Chain Management Strategic Sourcing Out-Tasking 40

SIG Speaks

NOVEMBER 30, 2023

Utilizing process documents that define the program design, business impacts, resource scheduling, and exception management can help reduce scope creep and delays during implementation. During implementation, a member of the COE should be responsible for ensuring documentation of the new processes to provide change management to end users.

Automation 40

Automation Strategic Sourcing Government Sourcing 40

Planergy Software

FEBRUARY 8, 2022

Strategic Sourcing Supplier Performance Supplier Relationship Management. Segmenting your suppliers can also help you identify your level of risk for instance if you have a single source of supply for your product or service. At PLANERGY, our software is designed to help you keep track of spending, budgeting, and purchasing.

Strategic Sourcing 52

Strategic Sourcing Supply Chain Management Collaborations Finance 52

Planergy Software

DECEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Website design and development. A more experienced agency may deliver things faster, which affects how a marketing procurement professional may handle sourcing. Download Free Copy. Written by. Social media management.

Marketing 52

Marketing Strategic Sourcing Out-Tasking Sourcing 52

SIG Speaks

JULY 1, 2022

In other words, in the world of procurement and strategic sourcing, the importance of resilient supply chains has been a point of discussion for some time. Specifically, we viewed our supply chains as a “closed system” that we could design and control in much the same way engineer designs and controls a subway network.

Supply Chain Management 40

Supply Chain Management Strategic Sourcing Engineering Sourcing 40

SIG Speaks

DECEMBER 13, 2022

SIG University Certified Sourcing Professional (CSP) program graduate Mahesh Khamkar discusses the concepts of business model mapping and cost modeling and how to apply them to your business. An example: A supplier we used to consider for regular buying of a particular cabinet is now being developed for more complex designs.

Co-Sourcing 40

Co-Sourcing Sourcing Strategic Sourcing Engineering 40

Planergy Software

MARCH 25, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The accounting software integration also ensures that you can manage the entire Source-to-Pay lifecycle. How to gain visibility and control of your indirect spend. Download Free Copy.

Management 52

Management Strategic Sourcing Accounting Software 52

SIG Speaks

NOVEMBER 8, 2022

While the design of the center of excellence can vary from organization to organization, the purpose is always the same. The COE should always be specifically designed to meet the requirements of an organization. These functions need to be designed based on the actual day-to-day operations of your organization. Learn More. .

Automation 40

Automation Strategic Sourcing Sales Design 40

Planergy Software

JULY 21, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It involves procuring services from outside sources and managing the relationship with supplier or service provider. How to gain visibility and control of your indirect spend.

Management 52

Management Service Strategic Sourcing Supply Chain Management 52

SIG Speaks

DECEMBER 15, 2022

SIG University Certified Sourcing Professional (CSP) program graduate Sergio Mielnik shares an in-depth understanding of how supplier relationships should be managed and how improving supplier relations at different levels will create successful sourcing engagements. This impacted them, but it was something that they could manage.

Manufacturing 40

Manufacturing Sourcing Strategic Sourcing Engineering 40

Planergy Software

JANUARY 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Sourcing Supply Chain Management. Local sourcing means that your raw materials come from other local businesses, which keeps the economy in good shape. Download Free Copy. The Benefits of Localized Supply Chain.

Supply Chain Management 52

Supply Chain Management Manufacturing Sourcing Retail 52

Planergy Software

APRIL 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Process & Procedures Sourcing Supply Chain Management. The strategic level addresses the big picture and general decisions. How to report and analyze indirect spend to identify savings opportunities. Written by.

Supply Chain Management 52

Supply Chain Management Manufacturing Sourcing Management 52

Planergy Software

JULY 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The procurement function is the primary interface with your upstream supply chain so it has a decisive role in shaping your ESG footprint directly through purchase decisions and indirectly by its influence on product design.

Supply Chain Management 52

Supply Chain Management Sourcing Manufacturing Finance 52

Planergy Software

JULY 14, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. You’ll give the card to designated employees who can make purchases only up to the credit limit. This can result in less on-contract spend and reduce realized cost savings from strategic sourcing initiatives.

Banking 52

Banking Labor Costs Strategic Sourcing Accounting 52

Planergy Software

OCTOBER 4, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Businesses can collect structured, semi-structured, and unstructured data from various sources such as cloud computing and storage, mobile apps, Internet of Things (IoT) gadgets, supply chain software, and other sources.

Analytics 52

Analytics Out-Tasking Right-Sizing Sourcing 52

Planergy Software

APRIL 25, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This could be using renewable energy, reducing the emissions your operations produce, sourcing as locally as possible to minimize the impact on natural ecosystems, and so on. Download Free Copy. Written by.

Finance 64

Finance Strategic Sourcing Government Management 64

Planergy Software

JANUARY 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. However, it is often the responsibility of tier 1 suppliers to guarantee quality products and services meet all requirements — both in terms of design and specifications. Creating Strategic Partnerships.

Supply Chain Management 52

Supply Chain Management Regulations Manufacturing Finance 52

Planergy Software

JANUARY 19, 2024

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The Vendor Analysis Process This is a multi-step, in-depth business process designed to help you find the best vendor for your needs. How to report and analyze indirect spend to identify savings opportunities.

Risk Management 52

Risk Management Risk Management Supply Chain Management Sourcing 52

Obobo

MARCH 21, 2023

Procurement savings refer to the cost reductions that are achieved by a company when it purchases goods and services through a strategic sourcing process. key Takeaway: Procurement savings are the cost reductions achieved by a company when purchasing goods and services through strategic sourcing. What is Procurement?

Finance 45

Finance Strategic Sourcing Software Reduced Costs 45

Planergy Software

JANUARY 18, 2024

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. They include products or services sourced from multiple suppliers or distributors and are standardized according to the company’s requirements. How to gain visibility and control of your indirect spend.

Management 52

Management Inventory Management Regulations E-Commerce 52

Planergy Software

OCTOBER 13, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. A personal Amazon account is meant for individual use, while an Amazon Business account is designed specifically for business use. How to gain visibility and control of your indirect spend. Download Free Copy. Written by.

Accounting 52

Accounting Banking Finance Strategic Sourcing 52

Planergy Software

OCTOBER 18, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This is where a well-designed corporate travel program comes into play. How to gain visibility and control of your indirect spend. How to report and analyze indirect spend to identify savings opportunities.

Finance 52

Finance Reduced Costs Management Risk Management 52

Planergy Software

SEPTEMBER 20, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Corporate travel management software is designed to streamline and automate various aspects of business travel management. How to gain visibility and control of your indirect spend. What Is a Corporate Travel App?

Management 52

Management Right-Sizing Software Finance 52