Remove Order Management Remove Risk Management Remove Strategic Sourcing
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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.

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4 smart technologies modernizing sourcing strategy

IBM Services

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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Impact of Item Classification (Oracle PDH Cloud) on Oracle Procurement Cloud

Perficient Digital Transformation

When sourcing microchips (a component), the company invites bids from specialized suppliers with expertise in semiconductor manufacturing, ensuring competitive pricing and high-quality standards. Optimized Purchase Order Management: Accurate item classification ensures that purchase orders are managed more efficiently.