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Why Cost Modeling And Price Benchmarking Are Ineffective For Strategic Sourcing

Sourcing Advisors Group

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.

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

Perficient Digital Transformation

Example: A retail company classifies its inventory into seasonal items, regular stock, and promotional goods. By categorizing items, procurement teams can gain deeper insights into spending patterns, identifying opportunities for cost savings and strategic sourcing.

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What are the different types of sourcing?

IBM Services

For example, a shoe brand might take ownership of product sales by bypassing department stores and instead selling products at its own retail stores. Strategic sourcing methods : ethical, responsible and sustainable sourcing There are many types of sourcing strategies.

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How to Navigate the Supply Chain Mess

Perficient Digital Transformation

Companies should know where products are in the supply chain, whether it’s raw materials, suppliers, manufacturing, distribution, or retailers. Strategic sourcing and spend control. End-to-end supply chain visibility and business operating models can transform businesses tremendously. Technology and data enablement.

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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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Using A GPO Model To Fight Inflation? Insights From Our Second Interview With A Senior Procurement Executive

SIG Speaks

In this article, we hear takeaways from a recent CPO Rountable discussion from Michael Koontz, VP, Strategic Sourcing & Business Leader for American Tire Distributors (ATD) Sourcing Solutions. Of course, the ATD Sourcing Solutions group adds value well beyond negotiating a volume discount for goods and services.