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CKS Benelux and Ivalua partner with Punch Powertrain to digitalise strategic sourcing

ivalua

Ultimately, the buyer can efficiently compare offers and select the optimal supplier(s) according to a best value/best price logic or lower total cost of ownership. This greatly increases the company’s agility, allowing highly efficient purchasing operations.

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CKS Benelux and Ivalua partner with Punch Powertrain to digitalise strategic sourcing

ivalua

Ultimately, the buyer can efficiently compare offers and select the optimal supplier(s) according to a best value/best price logic or lower total cost of ownership. The company operates five R&D centers and three manufacturing facilities in Europe and China. For more information visit www.punchpowertrain.com. Media Contact.

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Strategic sourcing enters a new age. Are you keeping up? (Part 1)

ivalua

Strategic sourcing requires an intense focus on the total cost of ownership, while incorporating customer needs, organizational goals, and market conditions. Since its inception in the late 1980s, strategic sourcing has always been about getting the best value for the goods and services purchased from third party suppliers.

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Supply chain innovation through the Nexus of Forces

ivalua

This is an especially important message for manufacturers’ supply chain organizations. In sourcing, successful manufacturers exploit all available information and analytics to make informed, strategic decisions in support of future success. The world around us is becoming digital at an increasing pace.

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Deepen Your Understanding to Improve Supplier Engagement

ivalua

Driven by a desire by manufacturers to insulate themselves from spiraling labor costs, manufacturers shifted production of parts and components into the supply chain. This includes total cost of ownership data, detailed supplier profiles, and external business intelligence. Suppliers have never been more important.

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5 best practices for accelerating research computing with AWS

AWS Public Sector

Drivers for data regulation enforcement include: a) increases in cyber-attacks on research data; b) growth of large datasets and artificial intelligence (AI) in research, which needs more complete datasets, and c) more healthcare, finance, and manufacturing datasets, which introduce domain-specific requirements.

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The Purpose of Procurement: How ESG is Changing our Roles

The Procurement School

There will always be a cost of goods to consider but it will be a much broader view with the total cost of ownership internalized as much as possible. As Artificial Intelligence and the Internet of Things expands exponentially, the role of supply chains needs to adapt to be relevant as well.