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Vishal Patel and Peter Hunt delivered their session ‘Creating Value with StrategicSourcing’ to discuss how Procurement professionals are recognizing that the fast-paced digital landscape of today demands new approaches to categorymanagement and strategicsourcing.
is elevating the position to candidates by making them aware of the various aspects of Procurement beyond sourcing and categorymanagement. The power of collaboration allows for more innovative solutions, improved efficiency and a reliable supply chain in even the most uncertain times.
A purpose-built solution can enforce proper governance and standards, automate master data optimization activities, identify product standardization opportunities, and automate categorymanagement for strategicsourcing in supply chain. Efficient warehouse management. Demand planning capabilities.
Strategicsourcing professionals may end up doing tactical work, as well. Navistar is elevating the position to candidates by making them aware of the various aspects of Procurement beyond sourcing and categorymanagement. Simplify approvals with clearly defined roles and responsibilities.
Strategicsourcing professionals may end up doing tactical work, as well. Navistar is elevating the position to candidates by making them aware of the various aspects of Procurement beyond sourcing and categorymanagement. Simplify approvals with clearly defined roles and responsibilities.
demand aggregation As one strategy for meeting this obligation, both sectors look for opportunities for volume buying or ‘demand aggregation’ wherever possible and often approach strategicsourcing from a categorymanagement perspective.
Those that selected more rigid technology that is good at driving standard process efficiencies but less so in enabling analysis or connecting stakeholders, or doesn’t address all spend, will struggle to scale efforts. As far as reviewing supplier performance regularly, the results were 97% versus 17%.
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