Sourcing, 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

In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals.

Strategic Sourcing

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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

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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

What are the different types of sourcing?

IBM Services

JANUARY 31, 2024

Sourcing isn’t just a concern for procurement teams. 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. Near-sourcing can also reduce risk.

Sourcing

Sourcing Strategic Sourcing Outsourcing Supply Chain Management

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

Sourcing In the Midst of a Pandemic

SIG Speaks

NOVEMBER 28, 2022

SIG University Certified Sourcing Professional (CSP) program graduate Daniel Coggins shares how his organiztion has adapted their sourcing strategies to best suit the current challenges the pandemic has created for the sourcing world. One area of sourcing that has been dramatically impacted is stakeholder management.

Sourcing

Sourcing Strategic Sourcing Supply Chain Management Software

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

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

Perficient Digital Transformation

SEPTEMBER 4, 2024

Oracle Cloud Supply Chain Management (SCM): We help modernize and mature our clients’ end to end global supply chain through strategic sourcing and spend control, source-to-pay improvements, cycle time reduction, and inventory and materials management.

Supply Chain Management

Supply Chain Management Service Strategic Sourcing Manufacturing

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. Easier to Mitigate Supply Risk Supplier risk management is crucial for any organization.

Strategic Sourcing

Strategic Sourcing Sourcing Reduced Costs Supply Chain Management

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. Resilient supply chains implement capacity and inventory buffers. Download Free Copy.

Supply Chain Management

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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. It can work for basic things like office supplies you don’t often need. Download Free Copy. Written by. 14 min read.

Strategic Sourcing

Strategic Sourcing Reduced Costs Sourcing Supply Chain Management

Perficient Interviewed for Forrester Report on Manufacturing Operations Management Vision

Perficient Digital Transformation

JULY 19, 2024

Our established practices, from supply chain to commerce , offer a customized strategy that meets the organization in its current state and execution that secures long-term success.

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

Principles of Stakeholder Management

SIG Speaks

MAY 31, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Jon Cody Hildebrand discusses the principles and key ways of managing different stakeholders. There needs to be more debate among sourcing professionals in large organizations regarding the importance of achieving real buy-in from stakeholders.

Management

Management Supply Chain Management Strategic Sourcing Sourcing

Supply Chain Risks: Different Types and How To Mitigate Them

Planergy Software

JANUARY 26, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Source what you can from reclamation centers and use recycling whenever possible. How to report and analyze indirect spend to identify savings opportunities.

Supply Chain Management

Supply Chain Management Risk Management Risk Management Government

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.

Supply Chain Management

Supply Chain Management Strategic Sourcing Engineering Sourcing

The Art of Establishing Trust

SIG Speaks

MARCH 30, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Krollus Asaad shares how important it is to find trust in your procurement team and your business. On week eight (8) of my Certified Sourcing Professional (CSP) Program, I was introduced to the What’s In It For We mindset. That, my friends, is trust.

Co-Sourcing

Co-Sourcing Supply Chain Management Sourcing Banking

Stakeholder and Change Management

SIG Speaks

JUNE 13, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Brynn Wheeler describes how to manage stakeholders for RFX by fostering a trusting atmosphere and inspiring participation.

Management

Management Supply Chain Management Strategic Sourcing Out-Tasking

Maximizing the Potential for Cost-Savings and Risk

SIG Speaks

SEPTEMBER 14, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Heather Frazer discusses how TCO is a great tool that will help capture the entire potential for cost savings and risk and how it is increasingly important for procurement organizations to secure reliable data. The cost model can be used for various purposes in my role.

Supply Chain Management

Supply Chain Management Sourcing Risk Management Risk Management

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. Segmenting your suppliers can also help you identify your level of risk for instance if you have a single source of supply for your product or service.

Strategic Sourcing

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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. It involves procuring services from outside sources and managing the relationship with supplier or service provider. How to gain visibility and control of your indirect spend. What is Services Procurement?

Management

Management Service Strategic Sourcing Supply Chain Management

Best Practices for Supplier Management

Obobo

AUGUST 2, 2022

A successful supplier management program goes beyond strategic sourcing. As part of it, you must also manage risk, supplier relationship management (SRM), and contracts. It is imperative to manage your supplier performance in order to build successful and long-term supplier relationships.

Management

Management Right-Sizing Supply Chain Management Strategic Sourcing

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. Pareto Spend Analysis is an incredibly useful tool for optimizing supply chain management processes, reducing costs, and improving overall efficiency. How to Conduct Your Own Analysis?

Supply Chain Management

Supply Chain Management Reduced Costs Robotics Process Automation Analytics

Supplier Relationship Compatibility

SIG Speaks

NOVEMBER 15, 2022

The word 'similar' is essential because there might be an exemption for some suppliers that are not fully aligned or integrated with the client regarding goals, strategic objectives, and approaches to the business. Assessing the relationship fit between suppliers and clients is so important. Learn More. .

Pharmaceuticals

Pharmaceuticals Supply Chain Management Government Strategic 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. Only 20% said their organizations use sustainability measures as primary criteria and sourcing decisions and supplier reviews. Written by.

Supply Chain Management

Supply Chain Management Sourcing Manufacturing Finance

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

11 Cost Reduction Strategies in Procurement

Obobo

MARCH 23, 2023

Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing. Overall, these 11 cost reduction strategies in procurement demonstrate that companies can significantly reduce costs and maintain profitability with the right procurement management practices.

Reduced Costs

Reduced Costs Inventory Management Automation Sourcing

Best Practices for Supplier Management

Obobo

AUGUST 16, 2022

A successful supplier management program goes beyond strategic sourcing. As part of it, you must also manage risk, supplier relationship management (SRM), and contracts. It is imperative to manage your supplier performance in order to build successful and long-term supplier relationships.

Management

Management Right-Sizing Supply Chain Management Strategic Sourcing

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. Read on to learn more about how effective vendor analysis can help you streamline your supply chain management efforts! How to report and analyze indirect spend to identify savings opportunities.

Risk Management

Risk Management Risk Management Supply Chain Management Sourcing

Supplier Management Best Practices

Planergy Software

MARCH 24, 2022

It also involves risk management, supplier relationship management (SRM), and contract management. Monitor and Assess Supplier Performance To build successful and long-term supplier relationships, you must manage your vendor performance. Use PLANERGY to manage purchasing and accounts payable. Download PDF.

Management

Management Insurance Supply Chain Management Right-Sizing

Global Sourcing Brief

What you need to know about Strategic Sourcing

4 strategic sourcing use cases to strengthen your supply chain

Trending Sources

4 smart technologies modernizing sourcing strategy

What Is Strategic Sourcing? – Definition

What Is Strategic Sourcing? – Definition

What are the different types of sourcing?

How to Navigate the Supply Chain Mess

Sourcing In the Midst of a Pandemic

Supply Chain Decisions: Skills and Best Practices

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

How Strategic Procurement Can Give You a Competitive Advantage

The Benefits of Localized Supply Chain

Supplier Consolidation: What It Is, Benefits, and Risks

Perficient Interviewed for Forrester Report on Manufacturing Operations Management Vision

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

Principles of Stakeholder Management

Supply Chain Risks: Different Types and How To Mitigate Them

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

The Art of Establishing Trust

Stakeholder and Change Management

Maximizing the Potential for Cost-Savings and Risk

Using Supplier Segmentation To Maximize Supplier Relationships

Services Procurement: What Is It and How To Manage It

Best Practices for Supplier Management

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

Supplier Relationship Compatibility

ESG In Supply Chain: Creating a Sustainable Value Chain

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

11 Cost Reduction Strategies in Procurement

Best Practices for Supplier Management

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

Supplier Management Best Practices

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