Service, Strategic Sourcing and Supply Chain Management

What you need to know about Strategic Sourcing

Sourcing Captain

AUGUST 25, 2021

In today’s hugely competitive global markets, everyone strives to reduce their sourcing costs while still maintaining the quality. Effective sourcing of goods from suppliers is more important today than it was ever before. For this reason, strategic sourcing has become central to every organization’s procurement policy.

Strategic Sourcing

Strategic Sourcing Sourcing Supply Chain Management Manufacturing

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. Specific types of sourcing minimize costs in different ways.

Strategic Sourcing

Strategic Sourcing Sourcing Supply Chain Management Manufacturing

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. . Definition.

Strategic Sourcing

Strategic Sourcing Sourcing Supply Chain Management Right-Sizing

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. . Definition.

Strategic Sourcing

Strategic Sourcing Sourcing Supply Chain Management Right-Sizing

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.

Sourcing

Sourcing Supply Chain Management Strategic Sourcing Automation

How to Navigate the Supply Chain Mess

Perficient Digital Transformation

NOVEMBER 8, 2021

The COVID-19 pandemic has pushed the weak points of supply chain structures out from under the rug and has prompted a need for supply chain transformations across all industries. ” -Bob Vanek, Chief Strategist, Supply Chain. Supply chain performance and analytics. Cycle time reduction.

Supply Chain Management

Supply Chain Management E-Commerce Manufacturing Strategic Sourcing

What are the different types of sourcing?

IBM Services

JANUARY 31, 2024

With rising consumer and stakeholder expectations around ethical and responsible supply chains, who supplies your organization’s goods and services is also a C-suite consideration. The sourcing process sits within supply chain management and is used for identifying, vetting and selecting the best suppliers.

Sourcing

Sourcing Strategic Sourcing Outsourcing Supply Chain Management

Perficient Included In Forrester’s Oracle Services Landscape, Q3 2024

Perficient Digital Transformation

SEPTEMBER 4, 2024

As Oracle customers look to reap the benefits of their investment in Oracle, many organizations will seek the expertise of Oracle services providers to guide them on their cloud journey. Perficient was listed among small providers in this space with $10 to <$100 million in annual Oracle services revenue.

Supply Chain Management

Supply Chain Management Service Strategic Sourcing Manufacturing

Supply Chain Decisions: Skills and Best Practices

Planergy Software

APRIL 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Supply Chain Decisions: Skills and Best Practices. Process & Procedures Sourcing Supply Chain Management. The strategic level addresses the big picture and general decisions.

Supply Chain Management

Supply Chain Management Manufacturing Sourcing Management

Services Procurement: What Is It and How To Manage It

Planergy Software

JULY 21, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. What Is The Difference Between Goods and Services Procurement? What Is The Difference Between Goods and Services Procurement? What is Services Procurement?

Management

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How Strategic Procurement Can Give You a Competitive Advantage

Planergy Software

MAY 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. How Strategic Procurement Can Give You a Competitive Advantage. Procurement Strategic Sourcing. How to report and analyze indirect spend to identify savings opportunities. Download Free Copy. Written by.

Strategic Sourcing

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Sourcing In the Midst of a Pandemic

SIG Speaks

NOVEMBER 28, 2022

Working in IT Sourcing, I am religiously keeping track of all our contracts, renewals, and expirations so that no renewals pass by without renegotiations or reviews. Some products and services that we have bought in the past are being cut off to reduce unnecessary expenses. learn more. .

Sourcing

Sourcing Strategic Sourcing Supply Chain Management Software

The Benefits of Localized Supply Chain

Planergy Software

JANUARY 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The Benefits of Localized Supply Chain. Sourcing Supply Chain Management. How businesses operate and how consumers shop and receive the goods and services they need.

Supply Chain Management

Supply Chain Management Manufacturing Sourcing Retail

Perficient Interviewed for Forrester Report on Manufacturing Operations Management Vision

Perficient Digital Transformation

JULY 19, 2024

Perficient is committed to advising manufacturers as they face these new challenges outlined in Forrester’s recent report, “Key Steps to Develop Your Manufacturing Operations Management Vision.” The report outlines the importance of achieving variety while maintaining low cost and high availability to thrive in this new landscape.

Manufacturing

Manufacturing Management Strategic Sourcing Research

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. Sourcing Supply Chain Management. RFIs can also help buyers identify potential suppliers and compare them against each other, which is crucial for strategic sourcing. Written by.

Supply Chain Management

Supply Chain Management Strategic Sourcing Sourcing Finance

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. Supplier consolidation is the process of reducing the number of suppliers you use for a given product or service.

Strategic Sourcing

Strategic Sourcing Reduced Costs Sourcing Supply Chain Management

Best Practices for Supplier Management

Obobo

AUGUST 2, 2022

Be sure to follow your vendor management policy guidelines when drafting these contracts. You should define your scope of work (SOW) or service-level agreement (SLA) outside your boilerplate policy document. A successful supplier management program goes beyond strategic sourcing.

Management

Management Right-Sizing Supply Chain Management Strategic Sourcing

Principles of Stakeholder Management

SIG Speaks

MAY 31, 2023

There needs to be more debate among sourcing professionals in large organizations regarding the importance of achieving real buy-in from stakeholders. The challenges are many in supply chain management, but no challenge is more nuanced than stakeholder management. Identify your stakeholders.

Management

Management Supply Chain Management Strategic Sourcing Sourcing

Using Supplier Segmentation To Maximize Supplier Relationships

Planergy Software

FEBRUARY 8, 2022

How better management in AP can give you better flexibility for cash flow management. Strategic Sourcing Supplier Performance Supplier Relationship Management. Why is developing collaborative relationships with your most strategic suppliers crucial to your success? Download Free Copy. Written by.

Strategic Sourcing

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Pareto Analysis in Procurement: How To Use Spend Analysis To Cut Costs

Planergy Software

JANUARY 19, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The same principle applies to spend analysis and procurement management: by focusing on the most expensive products and services, you can get the biggest return on investment in terms of cost savings.

Supply Chain Management

Supply Chain Management Reduced Costs Robotics Process Automation Analytics

Reengineering Resilience: Why Supply Chain Resilience And Sustainability Is Finally More Than A Discussion

SIG Speaks

JULY 1, 2022

Based on experience, I would not be off base in suggesting that this same theme applies to the subject of supply chain resiliency. In other words, in the world of procurement and strategic sourcing, the importance of resilient supply chains has been a point of discussion for some time. learn more. .

Supply Chain Management

Supply Chain Management Strategic Sourcing Engineering Sourcing

Maximizing the Potential for Cost-Savings and Risk

SIG Speaks

SEPTEMBER 14, 2023

To effectively utilize TCO in my role, I will apply the cost model approach to identify all costs associated with the sourced goods or services. This will help me have a holistic view of the total costs associated with the good or service rather than just focusing on the price quoted by the supplier.

Supply Chain Management

Supply Chain Management Sourcing Risk Management Risk Management

The Art of Establishing Trust

SIG Speaks

MARCH 30, 2023

Trust has benefits in a sourcing environment. It simplifies the processes of procuring goods/services, improves overall efficiency, engagement, and productivity, and leads to increased profit. Krollus enjoys participating in extracurricular programs where he can learn more about Global Supply Chain Management and Finance.

Co-Sourcing

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Best Practices for Supplier Management

Obobo

AUGUST 16, 2022

Be sure to follow your vendor management policy guidelines when drafting these contracts. You should define your scope of work (SOW) or service-level agreement (SLA) outside your boilerplate policy document. A successful supplier management program goes beyond strategic sourcing.

Management

Management Right-Sizing Supply Chain Management Strategic Sourcing

Supplier Relationship Compatibility

SIG Speaks

NOVEMBER 15, 2022

Definition: Supplier: An organization that provides raw materials, products, or services. Supplier Compatibility is when an organization that provides raw materials, products, or services shares similar strategic approaches, goals, and objectives. Learn More. .

Pharmaceuticals

Pharmaceuticals Supply Chain Management Government Strategic Sourcing

Supplier Tiers: What’s The Difference Between Tier 1, Tier 2, and Tier 3

Planergy Software

JANUARY 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It allows companies to develop relationships with key suppliers who provide the best value for money and services, allowing for easier supply chain management and lower supply chain risk.

Supply Chain Management

Supply Chain Management Regulations Manufacturing Finance

Supplier Management Best Practices

Planergy Software

MARCH 24, 2022

As you draft these contracts, make sure they follow your vendor management policy guidelines. Define your scope of work (SOW) or service-level agreements (SLAs) outside of your boilerplate policy document. It also involves risk management, supplier relationship management (SRM), and contract management.

Management

Management Insurance Supply Chain Management Right-Sizing

Vendor Analysis: What Is It, Process, Types, and Best Practices

Planergy Software

JANUARY 19, 2024

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Vendor analysis is crucial for risk management. Read on to learn more about how effective vendor analysis can help you streamline your supply chain management efforts! What is Vendor Analysis?

Risk Management

Risk Management Risk Management Supply Chain Management Sourcing

11 Cost Reduction Strategies in Procurement

Obobo

MARCH 23, 2023

11 Cost Reduction Strategies in Procurement Procurement is a crucial function in businesses, responsible for acquiring the goods and services needed to keep operations running smoothly. However, managing procurement can be costly, and costs can add up quickly.

Reduced Costs

Reduced Costs Inventory Management Automation Sourcing

ESG In Supply Chain: Creating a Sustainable Value Chain

Planergy Software

JULY 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. ESG In Supply Chain: Creating a Sustainable Value Chain. Of all these emissions, 2/3 of them usually come from the upstream supply chain. Download Free Copy. Written by.

Supply Chain Management

Supply Chain Management Sourcing Manufacturing Finance

Global Sourcing Brief

What you need to know about Strategic Sourcing

4 strategic sourcing use cases to strengthen your supply chain

Trending Sources

What Is Strategic Sourcing? – Definition

What Is Strategic Sourcing? – Definition

4 smart technologies modernizing sourcing strategy

How to Navigate the Supply Chain Mess

What are the different types of sourcing?

Perficient Included In Forrester’s Oracle Services Landscape, Q3 2024

Supply Chain Decisions: Skills and Best Practices

Services Procurement: What Is It and How To Manage It

How Strategic Procurement Can Give You a Competitive Advantage

Sourcing In the Midst of a Pandemic

The Benefits of Localized Supply Chain

Perficient Interviewed for Forrester Report on Manufacturing Operations Management Vision

RFI, RFP, RFQ, ROI, RFT: What’s the Difference?

Supplier Consolidation: What It Is, Benefits, and Risks

Best Practices for Supplier Management

Principles of Stakeholder Management

Using Supplier Segmentation To Maximize Supplier Relationships

Pareto Analysis in Procurement: How To Use Spend Analysis To Cut Costs

Reengineering Resilience: Why Supply Chain Resilience And Sustainability Is Finally More Than A Discussion

Maximizing the Potential for Cost-Savings and Risk

The Art of Establishing Trust

Best Practices for Supplier Management

Supplier Relationship Compatibility

Supplier Tiers: What’s The Difference Between Tier 1, Tier 2, and Tier 3

Supplier Management Best Practices

Vendor Analysis: What Is It, Process, Types, and Best Practices

11 Cost Reduction Strategies in Procurement

ESG In Supply Chain: Creating a Sustainable Value Chain

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