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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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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.

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Life Sciences Supply Chain Visibility: A Strong Link in the Chain | Blog

Everest Group

For example, the Indian government has mandated life sciences enterprises include Quick Response (QR) codes on Active Pharmaceutical Ingredients (APIs), effective January 2023. Use Cases : Addressing drug serialization and aggregation, strategic sourcing, fleet tracking, drug e-labelling, artwork management, and API tracking.

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Successful Governance in Procurement

SIG Speaks

SIG University Certified Supplier Management Professional (CSMP) program graduate Cathy Rutherford describes how curcial Governance is in a procurement organization and how it can transform your team for the better. . Critical to any department’s success is balancing real-world challenges with your Governance program. .

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Diverse Revenue Streams for Schools: Boost Financial Sustainability

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. But, relying on government funding alone often means you dont have the total revenue you need to accomplish your goals. How to gain visibility and control of your indirect spend.

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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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5 Advantages of Overseas Manufacturing

SourcX

Favorable Regulations. Much like investing in manufacturing infrastructure, many low cost countries try to make their laws and regulations as beneficial as possible for companies that choose to manufacture there. Manufacturing overseas often means that companies can take advantage of favorable regulatory environments.