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So what does “good” strategicsourcing look like? The primary difference between StrategicSourcing and “good” StrategicSourcing is contextualized flexibility. If Procurement follows a StrategicSourcing process flow like a checklist, then all StrategicSourcing projects will start and end in the same way.
Bol.com was in search of a solution to digitalize its indirect S2C cycle to support its business colleagues with efficient and robust sourcing and contractmanagement processes. The post <strong>Bol.com Selects Ivalua to Digitalize StrategicSource-to-Contract</strong> appeared first on Ivalua.
Strategic procurement is more than just buying goods and services—it’s about creating value, optimizing resources, and aligning purchasing decisions with organizational goals. In this blog, we’ll explore key best practices and show how leveraging group/cooperative purchasing can help you master the art of strategicsourcing.
Procurement analytics is quickly becoming a core practice for efficient operations and effective sourcing in today’s rapidly changing business environment. contract compliance, procurement cycle efficiency). Prior purchase data is also used for demand forecasting improving resource management and operational efficiency.
The project, which was delivered in partnership with Efficio, the leading strategic procurement and supply chain consultancy firm, was focused on STG’s strategicsourcing process as the first stage of a longer term digital transformation. STG is a world leading manufacturer of cigars and traditional pipe tobacco with approx.
Contractmanagement frustration: ERP systems might have basic contractmanagement capabilities, but they can’t handle the whole contract lifecycle, from creation to execution and renewal. Procurement software offers a one-stop solution that covers the whole range of contractmanagement challenges.
A purpose-built solution can enforce proper governance and standards, automate master data optimization activities, identify product standardization opportunities, and automate category management for strategicsourcing in supply chain. Efficient warehouse management. Demand planning capabilities.
Together with its strategic partner Optis Consulting, Ivalua’s solution has digitally enabled FCL’s policies and processes for core procurement activities, including sourcing and contractmanagement. About Federated Co-operatives Limited and the Co-operative Retailing System.
If you are getting started, you are likely looking to start with technology to address a specific process ( StrategicSourcing or P2P for example). It is exactly that deeper level of integration which delivers the efficiencies and seamless access to information you need to advance fully in your journey. Plan to avoid those.
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