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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.
Developing and executing category strategies is critical to effective strategicsourcing. That’s why it’s important to analyze spend and successfully define/execute sourcing and supplier management strategies across all spend.
No integrated workflows: ERP systems don’t provide integrated workflows or automatic approval management, making it difficult to set up and maintain efficient procurement processes. No support for strategicsourcing: ERP systems don‘t offer support for strategicsourcing, which is critical for optimizing spend and driving savings.
Our panelists included: Hend Salem , Manager of StrategicSourcing – Non Clinical at The Ottawa Hospital Carol Izzio , Director of Procurement at Sheridan College Christine McParland , Director of Residence and Ancillary Services at St. Get eProcurement with compliance built-in. Everyone has to buy in.”
Director StrategicSourcing Digital & Functional Transformation, . Sourcing Optimization – How to rethink sourcing strategy for better product efficiency, Borgwarner. Measuring eProcurement Success: A Q&A with the State of Ohio’s Andrew Cochran.
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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