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

ivalua

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. The post Want to be a Strategic Sourcing Rising Star?

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

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No support for strategic sourcing: ERP systems don‘t offer support for strategic sourcing, which is critical for optimizing spend and driving savings. They’re not tied in to co-op and piggyback sourcing opportunities, and they can’t bring all your sourcing data together to help you make better purchasing decisions.

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

ivalua

When incorporated into an efficient strategic sourcing process, collaboration can result in better visibility into total costs and a better negotiation position. Collaboration with the finance department. Suppliers are always looking to hide sources of cost. The finance department can help you find them.

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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. And 91% of advanced organizations managed all spend via category management and strategic sourcing processes vs. 16% of beginners. But not more than other objectives.