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

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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. Strategic sourcing requires an intense focus on the total cost of ownership, while incorporating customer needs, organizational goals, and market conditions.

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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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Want to be a Strategic Sourcing Rising Star? Think New Products.

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If you happen to be a strategic sourcing professional within the manufacturing industry, you probably are experiencing many challenging days at the office. Just as important to one’s career is understanding which areas would be ideal to focus on if you truly wanted to make a big impact for your company.

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3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation

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It is an important part of the decision-making process and requires careful consideration of a wide range of factors, such as cost, quality, reliability, and delivery times. Developing and executing category strategies is critical to effective strategic sourcing.

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Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience

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Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Why is visibility so important?

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8 Steps to Building Supply Chain Resilience for Manufacturers in a Post-Covid World

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One such organization was Navistar, a leading manufacturer of commercial trucks, busses and proprietary engines that recently participated in a series of CPO interviews conducted by Ivalua and Art of Procurement. Why is visibility so important? It’s really important to take this into consideration as part of your TCO calculations.”

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Achieving Healthcare Transformation, Powered by Supply Chain

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It is also helping to bridge the supply chain management gap that has traditionally existed between healthcare providers and other industries such as manufacturing. Quite often there can be a general lack of spend and vendor management and strategic sourcing activities. Share on Twitter. Big Opportunity Ahead.