Europe and UK&I IT Services Outlook 2025 | Webinar
Everest Group
JANUARY 8, 2025
Which digital services and next-generation capabilities are expected to be in demand? Who should attend?
4 strategic sourcing use cases to strengthen your supply chain
IBM Services
FEBRUARY 13, 2024
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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Trending Sources
How Does Strategic Sourcing Work?
Obobo
AUGUST 31, 2022
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? The benefits of strategic sourcing.
What Is Strategic Sourcing? – Definition
Obobo
AUGUST 25, 2022
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. This is what differentiates strategic sourcing from conventional purchasing. . How Does Strategic Sourcing Work?
How Does Strategic Sourcing Work?
Obobo
AUGUST 31, 2022
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? The benefits of strategic sourcing.
What Is Strategic Sourcing? – Definition
Obobo
AUGUST 24, 2022
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. This is what differentiates strategic sourcing from conventional purchasing. . How Does Strategic Sourcing Work?
Senior Analyst – Presales Solution (Application Services)
Everest Group
DECEMBER 26, 2024
Our deep expertise and tenacious research focused on software, technology, business processes, and engineering through the lenses of talent, sustainability, and sourcing delivers precise and action-oriented guidance. For more information, visit www.everestgrp.com.
What are the Benefits of a Strategic Sourcing Software?
Obobo
DECEMBER 15, 2022
What are the Benefits of a Strategic Sourcing Software? Strategic sourcing is a process that involves evaluating and negotiating with suppliers to ensure the best price, quality, and delivery of goods. What is Strategic Sourcing Software? There are many benefits of using strategic sourcing software.
Strategic Sourcing Enables IT To Support Growth Initiatives
Sourcing Advisors Group
JUNE 22, 2020
Regardless of the chosen set of investments, it is not uncommon that Chief Information Officers (CIOs) and their teams are tasked with incremental responsibilities, particularly given the focus of many businesses is on Digital Transformation and other Digital Initiatives.
3 Strategic Sourcing Steps and How Nearshoring to Mexico Plays a Part
Ivemsa
SEPTEMBER 28, 2022
Implementing strategic sourcing is a way to add long-term value and continually optimize manufacturing processes. An RFQ can also be used for product pricing comparison and purchasing information from vendors. The other common sourcing strategy is a request for proposal (RFP).
Outsourcing Pricing and Commercial Trends of 2023
Everest Group
OCTOBER 18, 2023
How can enterprises use these to inform their ongoing planning? Who Should Attend: GBS leaders Category Leaders Strategic Sourcing Leaders CIO, IT/BPO Strategy Heads Procurement Managers Vendor Management Leads Register Here Abhishek Sharma Partner, Pricing Assurance Everest Group Bharath M Vice President, Global Sourcing Everest Group
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Why Cost Modeling And Price Benchmarking Are Ineffective For Strategic Sourcing
Sourcing Advisors Group
SEPTEMBER 18, 2020
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.
4 smart technologies modernizing sourcing strategy
IBM Services
FEBRUARY 28, 2024
Sourcing is getting smarter. To start, many organizations have already pivoted from a tactical to a strategic sourcing mindset—which can make all the difference when it comes to gaining and retaining a competitive advantage. But now, the benefits of strategic sourcing are becoming even more attainable thanks to innovation.
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Practice Director – DAAI
Everest Group
SEPTEMBER 18, 2024
Our deep expertise and tenacious research focused on software, technology, business processes, and engineering through the lenses of talent, sustainability, and sourcing delivers precise and action-oriented guidance. For more information, visit www.everestgrp.com.
Advisory 100
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Impact of Item Classification (Oracle PDH Cloud) on Oracle Procurement Cloud
Perficient Digital Transformation
OCTOBER 14, 2024
Understanding Item Classification in Oracle PDH Cloud Oracle PDH Cloud is a comprehensive product information management solution that serves as a central repository for all product data. By categorizing items, procurement teams can gain deeper insights into spending patterns, identifying opportunities for cost savings and strategic sourcing.
Dropping the L in Machine Learning…is Machine Earning on the Horizon?
Sarah Holliman
AUGUST 30, 2017
I confess that when he asked the question, I still didn’t feel comfortable enough with the concept of blockchain to have an informed opinion on the viability of it. True confession…there is a whole lot more to it than that and if you’d like more information, read this more complete article on blockchain. . Opportunity.
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Senior Analyst – Cloud Services
Everest Group
SEPTEMBER 18, 2024
Our deep expertise and tenacious research focused on software, technology, business processes, and engineering through the lenses of talent, sustainability, and sourcing delivers precise and action-oriented guidance. For more information, visit www.everestgrp.com.
Service 100
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Eight Ways to Boost Supplier Contract Management in Mexico
Intugo
NOVEMBER 22, 2023
As globally active companies need more and more suppliers to keep the business running smoothly, strategic sourcing and sourcing managers in Mexico face the challenge of effectively organizing and managing supplier contracts. Establish approval workflows.
Senior Analyst – Pricing Assurance (Apps) | Current Openings
Everest Group
SEPTEMBER 21, 2021
Create actionable insights to solve client problems by evaluating and analyzing information collected through live engagements, interviews, and secondary research (as needed). Work closely with Everest Group’s sales team to help in the close and delivery of engagements on issues of strategic sourcing and operations.
Is the Request for Proposal in Procurement Dead?
Everest Group
MAY 27, 2022
Best-in-class organizations take far less time for the same activities in IT strategic sourcing initiatives, completing the process in nine to 10 weeks, according to our IT Sourcing Pinnacle Model Assessment. Other more informal approaches may leave procurement teams open to allegations that a “proper” process was not completed.
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What is Procurement Consulting and What Do They Do?
SourcX
OCTOBER 12, 2020
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. What is Strategic Sourcing? What is Sourcing Optimization? Cooperative Sourcing and Sourcing Business Models.
The Hackett Group Announces Third Quarter 2021 Results
The Hackett Group
NOVEMBER 9, 2021
Pro forma information is a non-GAAP financial presentation provided to enhance the understanding of the Company’s financial performance and is reconciled to the Company’s GAAP information in the accompanying tables. Third quarter 2021 pro forma diluted earnings per share were $0.32, as compared to $0.17
Perficient Interviewed for Forrester Report on Manufacturing Operations Management Vision
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.
What is RFX In Procurement? Understanding RFP’s, RFQ’s & RFI’s
Obobo
JUNE 15, 2022
The ability to obtain standardised information from suppliers has been and continues to be a challenge. It is difficult for procurement departments to compare quotes or due-diligence information received from suppliers in different formats, as they are offered in different formats; hunting the information down can take a lot of time.
Budgeting Process: Steps and Best Practices for Planning a Budget
Planergy Software
SEPTEMBER 5, 2023
How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. If you’ve been in business for a while, you can use information from the prior year to help you set up the budget. How to gain visibility and control of your indirect spend.
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A Systems Approach to Sourcing & Procurement
SIG Speaks
JUNE 20, 2023
SIG University Certified Sourcing Professional (CSP) program graduate Thomas Cooper describes how with the increasing pressures on supply chains and sourcing organizations lately, efficiency and effectiveness cannot be understated in an organization. For instance, if you take apart a car, you lose the ability to drive.
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How To Calculate Procurement Savings
Obobo
DECEMBER 17, 2021
In light of the ongoing effects of the pandemic, it is essential that businesses keep track of all cost reduction initiatives and strategic sourcing in order to survive harsh economic declines. Savings tracking refers to a method of estimating how much a company will save by using strategic sourcing and other cost-effective tactics.
Supplier Consolidation: What It Is, Benefits, and Risks
Planergy Software
NOVEMBER 29, 2022
How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Best Practices & Tips Strategic Sourcing Supplier Relationship Management. This information will be crucial as you develop your strategy for managing supplier consolidation. Download Free Copy. Written by.
Recap of CPO & Executive Virtual Series with Productiv
SIG Speaks
JULY 19, 2023
.; Dan Edwards, Procurement Director from Park National Bank; and Aashish Chandarana, Chief Information Officer of Productiv, shared valuable insights that shed light on the future of IT strategic sourcing, the significance of mentorship, and the latest SaaS trends in 2023. per employee.
Best Practices for Supplier Management
Obobo
AUGUST 2, 2022
The management needs to approve the policy that outlines how you will keep stakeholders informed. In addition to your supplier policy, you should also establish your risk assessment principles, including financial, legal, and information security risks. As part of the agreement, you must share information and priorities.
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RFI, RFP, RFQ, ROI, RFT: What’s the Difference?
Planergy Software
OCTOBER 20, 2022
How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. RFI: Request for Information. An RFI is issued when a procuring organization wants more general information about a potential vendor or solution. How to gain visibility and control of your indirect spend. Written by.
Turning Data Into Actionable Insights
Planergy Software
MARCH 29, 2022
With a plethora of data collection points available at their disposal, it’s easier for business leaders to be lost in the information glut. However, every business and business leader should ponder for a moment: will collecting such a huge volume of data make sense unless it provides meaningful information and insights?
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How To Negotiate Contracts With Suppliers
Obobo
SEPTEMBER 1, 2022
This type of information should be relatively easy to pull up if you have access to a spend analysis and contract management solution. Don’t just focus on price and volume with strategic suppliers. Having this information allows you to anticipate their issues and brainstorm creative solutions in advance.
Opportunity Assessment and Sourcing Project Flow
SIG Speaks
JANUARY 13, 2023
Sourcing involves four significant steps Assess , Analyze , Execute and Evaluate. . Assess - include the internal and external analysis of the organization, and gather information on the market, supply, and cost. The research includes the sourcing strategy approach, supply market and supplier selection, and category management.
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Keelvar Unveils First of its Kind Autonomous Sourcing Solution, for Transformed Outcomes Across Strategic, Tactical and Tail Spend
Future of Sourcing
MAY 11, 2023
” The widespread availability of the Autonomous Sourcing solution reaffirms Keelvar’s vision of making frictionless, no-code automation available to all, from large enterprises to mid-market businesses. Visit www.keelvar.com for more information.
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The Benefits of Intelligent Process Automation
SIG Speaks
DECEMBER 20, 2022
Questions can be based upon previous answers, so only relevant information is presented to the supplier. Intelligent automation can also help with efficient on-contract buying, reduced transactional cost, and up-to-date information to better business decisions. . Intelligent automation benefits span the entire Source-to-Pay process.
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Principles of Stakeholder Management
SIG Speaks
MAY 31, 2023
A healthier view might consider the sourcing professional as the facilitator in strategy development. Engagement will better educate both the buyer and stakeholder; more information is valuable to the souring initiative, and the stakeholders will feel involved. Listen to your stakeholders.
Management 40
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The Rediscovery of Keiretsu: Vertically Integrated Partnerships with Your Supply Base
Future of Sourcing
MARCH 21, 2023
Now as uncertainty is once again upon us, strategic sourcing teams and suppliers are on opposite sides, it has eroded the concept of having suppliers as your true “partners” and rendered the sourcing function as a more tactical operation.
How to build a successful procurement strategy
IBM Services
DECEMBER 13, 2023
These increase accuracy and productivity, track purchases and offers data visibility that informs decision making and reduces risk, inefficiencies and time-consuming delays. Benefits of a successful procurement strategy By implementing strategic sourcing and purchasing opportunities, organizations can achieve substantial cost savings.
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Procurement Methods: How To Source and Evaluate The Best Suppliers To Work With
Planergy Software
AUGUST 8, 2023
How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. An RFP outlines your requirements, expectations, and all other necessary information so potential suppliers can submit a proposal. References from past clients can be a valuable source of information when selecting a vendor.
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Tail Spend Analysis: What Is It, How To Perform It, and the Benefits
Planergy Software
MARCH 2, 2023
How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Tail spend analysis helps companies identify areas of spend that are falling through the cracks, allowing them to make more informed decisions and achieve greater savings. However, it is also very time-consuming.
The Future of Procurement and Sourcing: The Effects of Artificial Intelligence in the Industry
SIG Speaks
OCTOBER 12, 2023
This can lead to more informed decision-making from business executives. An article by Forbes titled “Smart Sourcing: AI Can Amplify CPO-Led Human Intelligence” noted the idea of ‘Smart Sourcing’ which starts with tackling a huge volume of relevant data associated with every individual purchase.
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Is Your Procurement And Sourcing Function ESG Sustainable Ready?
SIG Speaks
SEPTEMBER 28, 2023
Over the next six months, I plan on enhancing our supplier onboarding and review processes to include a requirement that new and existing suppliers provide the most recent ESG reports and a supplier portal questionnaire that solicits information on the sustainability considerations above with required supporting policies and programs.
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Change Management/Sourcing Change Management
SIG Speaks
APRIL 25, 2023
They brought forward information about the need for the change to ensure long-term viability for the company. My organization recently has made many changes to the manufacturing plants' service providers, such as food and security services, as part of a sourcing initiative to communize service providers across the company.
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