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Globalsourcing, overseas buying, international trading? Globalsourcing usually attracts procurement professionals and other industry workers due to the perceived saving of money. Globalsourcing more often than not delivers a price saving – but at what cost?
Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform GlobalSourcing”. Globalization. Burton predicts that China and Brazil will become hubs for globalsourcing.
Effectively managing suppliers is now one of the most important factors in organizational success. Such solutions, especially if embedded in spend management suites, can help unify data across the enterprise and fix duplicates and other issues at the source. Yet, too few businesses do so well.
The possibility of integrating the new tool with the solutions already adopted within the organization, including SAP, is also of crucial importance. The Ivalua system meets the expectations, both at the operational and strategic level. We are one of the leading companies, dealing with Procurement consultancy in Central-Eastern Europe.
Survey results in a new study by Forrester , commissioned by Ivalua, reveal several important lessons for procurement leaders to keep in mind as they adapt their departments for success. Some suites have embedded MDM capabilities that can unify data across the enterprise and fix issues at the source.
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