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Strategic sourcing enters a new age. Are you keeping up? (Part 2)

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In last week’s blog , I began discussing telltale signs that you have entered the new age of strategic sourcing. Leading manufacturers have proven that best-in-class strategic sourcing can create measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability.

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Want to be a Strategic Sourcing Rising Star? Think New Products.

ivalua

If you happen to be a strategic sourcing professional within the manufacturing industry, you probably are experiencing many challenging days at the office. For manufacturers, sales, marketing, finance, ops, and even risk and compliance all have upside. Early collaboration is the key here – both internally and with suppliers.

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Procurement on the Thames: Ivalua’s London Summer Symposium

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Vishal Patel and Peter Hunt delivered their session ‘Creating Value with Strategic Sourcing’ to discuss how Procurement professionals are recognizing that the fast-paced digital landscape of today demands new approaches to category management and strategic sourcing. The answer is simple – automation.

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Supplier Collaboration and Coordination. Who’s Your Role Model?

ivalua

But one critical area remains in need of significant attention … the need for better supplier collaboration AND internal teamwork. Best-in-class manufacturers have proven that a true culture of collaboration creates earlier involvement, less redesign, joint problem solving, and win-win outcomes for all parties involved.

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10 Things Your ERP Can’t Do (And Why You Need an eProcurement Solution)

Bonfire

There’s often little visibility into supplier performance and risk, limited supplier collaboration and communication, and little or no ability to manage supplier contracts and agreements. Purpose-built procurement software provides a platform for collaboration, helping procurement teams achieve better and faster results.

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We’re BACK! 5 Reasons to attend 2022 Ivalua NOW DC: Stronger Together

ivalua

Director Strategic Sourcing Digital & Functional Transformation, . This year, we’ve invited a wide array of industry thought leaders to join 6 expert panels covering Data Integrity, Sourcing Optimization, Sustainable Procurement, Finance Procurement, Public Procurement, and Federal Procurement. . Breakout Sessions.

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What are the Supply Chain Management Lessons to Learn from the Covid-19 Crisis

ivalua

As financing and cash flow is uncertain, cash is once again king and Procurement and AP leaders are being asked to forecast and preserve cash wherever possible. Companies that maintained zero-sum, hard negotiation relationships with suppliers cannot suddenly reset those in a more collaborative mold. Collaborate.