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What is Strategic Sourcing and Why is it Important?

Oxford College of Procurement and Supply

Strategic sourcing is a contemporary approach to supply chain management. In this post, we explain what strategic sourcing is, why it is important and how it can be implemented. In this post, we explain what strategic sourcing is, why it is important and how it can be implemented.

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What Does “Good” Look Like: Strategic Sourcing

ivalua

So what does “good” strategic sourcing look like? The primary difference between Strategic Sourcing and “good” Strategic Sourcing is contextualized flexibility. If Procurement follows a Strategic Sourcing process flow like a checklist, then all Strategic Sourcing projects will start and end in the same way.

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What is Strategic Procurement, and How Can Cooperative Purchasing Help?

American City & Country

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 strategic sourcing.

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Do you have the right sourcing technology? Ask yourself three questions.

ivalua

The strategic sourcing technology market is a crowded space. Walk the exhibit floor at the annual ISM conference and you’ll easily find more than 40 providers offering a wide variety of e-sourcing solutions. So how do you know if you have the right sourcing technology for your business?

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Procurement Toolbox Available Now

NASPO

Perfect for new staff, or a five-minute refresher, the first issues are available now: Issue 1 – Introduction to Procurement Issue 2 – Importance of Ethical Procurement Issue 3 – Market Research Issue 4 – Solicitation Methods Issue 5 – Contract Evaluation and Award Issue 6 – The Value of Negotiations Issue 7 – Contract Administration Issue 8 – Contract (..)

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Asian Paints Successfully Digitizes the Source to Contract Process in Collaboration with Ivalua & Durvah

ivalua

Redwood City, CA September 21 , 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions , today announced that Asian Paints successfully deployed Ivalua’s Contract Management and Supplier Information solutions to enhance their strategic sourcing processes.

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Pigs Get Fed; Hogs Get Slaughtered

ivalua

He was the kind of guy you would not want to have to negotiate with way back in the day because he did not negotiate. He said he had seen it all in supply base management and had experienced the feeling of victory leaving plenty of blood on the floor in negotiating with suppliers in his day. He just stared at me.