Remove Research Remove Sourcing Remove Strategic Sourcing
article thumbnail

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. Moreover, it has been shown that 88 percent of organizations consider strategic sourcing as critical or major.

article thumbnail

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.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

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. Implementing strategic sourcing is a way to add long-term value and continually optimize manufacturing processes.

article thumbnail

Opportunity Assessment and Sourcing Project Flow

SIG Speaks

SIG University Certified Sourcing Professional (CSP) program graduate Shridhar Kundaram shares his perspective on a four-step sourcing process that can help take your sourcing team to the next level. Sourcing involves four significant steps Assess , Analyze , Execute and Evaluate. .

article thumbnail

Procurement Methods: How To Source and Evaluate The Best Suppliers To Work With

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Organizations are constantly exploring new procurement methods to create a more strategic procurement strategy and ensure competitive procurement. How to gain visibility and control of your indirect spend.

article thumbnail

How to build a successful product development strategy

IBM Services

Research During this phase, the new product idea is placed within the context of the current market. Firms might conduct market research related to their new feature or product line, solicit customer feedback, or engage focus groups. This will become the sample as materials and vendors are sourced for mass production.