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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.
O-I Glass has chosen Ivalua after assessing technology and process gaps related to strategicsourcing, supplier relationship management, categorymanagement, vendor quality, sustainability, and compliance.
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.
Technology should enable business innovation, not stifle it”. Back to the marketplace – JLL chose Ivalua because of the cultural fit between the firms as well as the strong focus on customer experience, innovation , and data , which matched the JLL philosophy. Simplification of systems and tools was a key part of the programme.
It’s a style of working that produced innovative thinking – but by its nature, could be hit and miss; where “miss” could have a significant negative impact to an organisation’s balance sheet. But now with strategicsourcing and categorymanagement, the process has become much easier to track, monitor and control.
There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: . Identifying Value , is where procurement teams leverage spend data and spend analysis to understand trends in spend and identify opportunities and develop categorymanagement strategies. .
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.
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