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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.
We believe that a key pillar of this transformation is the supplychain. With such growth comes supplychain complexity. Shift towards self-contracting and self-distribution: With health systems gaining significant scale and wanting more control over their supplychain, this shift is accelerating.
Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building SupplyChain 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. Work to achieve 100% supplychain visibility.
ERP vs. Best-in-Class for Healthcare SupplyChain Management? Are ERP systems better than best-in-class supplychain solutions for managing healthcare supplychains? That’s the question we set out to answer in our recent panel discussion with Procurement and SupplyChain experts. The verdict?
Since its inception in the late 1980s, strategicsourcing has always been about getting the best value for the goods and services purchased from third party suppliers. Strategicsourcing requires an intense focus on the total cost of ownership, while incorporating customer needs, organizational goals, and market conditions.
Strategicsourcing is a contemporary approach to supplychain management. It formalises the gathering, analysis and application of information to assist companies in aligning their purchasing strategy with their goals and securing the best possible value. What is strategicsourcing?
Procurement and supplychain teams will play a crucial role in making this vision a reality. By ensuring that the right goods and services are purchased at the right price and delivered on time, procurement can help to ensure that a company or organization achieves its goals.
If you happen to be a strategicsourcing professional within the manufacturing industry, you probably are experiencing many challenging days at the office. The needs and desires of the purchasing public (business or consumer) quickly evolve and change. The post Want to be a StrategicSourcing Rising Star?
attempt to make a point about the relative value of strategicsourcing, I failed to realize that thought leadership is apparently the exclusive domain of pundits. The co-dependency that is increasingly common between suppliers and their customers is gradually eroding out-of-date bullying tactics in purchasing.
Offshore ultra-deep water drilling company to deploy eSourcing globally across its purchasing function. Pacific Drilling requires a fast, efficient and automated sourcing process to support the company’s Purchasing processes. The company has corporate offices in Houston, Texas, with offices in Brazil, Luxembourg and Nigeria.
But it also has value far away from the battlespace, such as 5G efficiencies in supplychain and warehouse logistics and support for open standards while maintaining secure networks. and its allies and partners.
attempt to make a point about the relative value of strategicsourcing, I failed to realize that thought leadership is apparently the exclusive domain of pundits. The co-dependency that is increasingly common between suppliers and their customers is gradually eroding out-of-date bullying tactics in purchasing.
Predictive Analytics: Uses advanced data analytics, such as machine learning, to predict future demand, analyze potential supplychain risks, and facilitate informed procurement decisions. Also, proper data analysis can help find potential hazards in the supplychain, sustain continuity, and reduce disruptions.
O-I Glass has chosen Ivalua after assessing technology and process gaps related to strategicsourcing, supplier relationship management, category management, vendor quality, sustainability, and compliance.
Offshore ultra-deep water drilling company to deploy eSourcing globally across its purchasing function. Pacific Drilling requires a fast, efficient and automated sourcing process to support the company’s Purchasing processes. The company has corporate offices in Houston, Texas, with offices in Brazil, Luxembourg and Nigeria.
It is either a data input, such as what we gather and use in spend analysis, or it is a process by-product, such as the information we gather from prospective suppliers during strategicsourcing. Instead, it tells us about our own purchasing habits. It does not tell us much about the suppliers.
An organization’s Procurement function is responsible for managing spend, in other words the buying goods and services that are used to make the products sold to customers as well as the purchasing of products and services used to run the organization on a day to day basis.
For procurement and supplychain professionals, the biggest takeaway from 2020 is that no matter how hard you try, you cannot predict the future. COVID-19 disrupted supplychains on an unprecedented scale, and businesses became much more reliant on procurement teams to help mitigate the impact. .
The main categories of risk are covered in Figure 1 to include supplychain, information security, location, CSR or ESG, financials, regulations, quality and reputation. This is precisely where organizations see the benefits of a TPRM program built into or working seamlessly with a StrategicSourcing or Source-to-Pay solution.
Director StrategicSourcing Digital & Functional Transformation, . Deploying Data Integrity across the SupplyChain Cycle, IADQP + Cleveland Clinic. Innovation in Federal Procurement – A Panel Discussion, Public Spend Forum, Karsun Solutions, Joint Artificial Intelligence Center (JAIC).
The event is free to attend and aims to attract hundreds of procurement and supplychain professionals to discuss and learn more about the latest industry trends and processes. But now with strategicsourcing and category management, the process has become much easier to track, monitor and control.
Outside of defense, 5G can enhance supplychain and warehouse logistics, support open standards and strengthen communications while maintaining secure networks.
Natacha Trehan, who leads the Purchasing Master’s degree at the University of Grenoble Alpes, will deliver a keynote providing further insights based on her experience working with and advising dozens of procurement organizations over the past decade. Sprint’s strategicsourcing transformation, presents a great example, in multiple ways.
If you are getting started, you are likely looking to start with technology to address a specific process ( StrategicSourcing or P2P for example). For advanced respondents looking to build a competitive advantage, the top obstacles are integration of S2P tools followed by Procurement’s change resistance (13%). Plan to avoid those.
The priority areas are: Asset Management Vulnerability Management Defensible Architecture Cyber SupplyChain Risk Management (C-SCRM) Incident Detection & Response Each priority area includes further alignment goals to address these variations.
Army contracts: the Information Technology Enterprise Solutions 3 Services (ITES-3S) and the Responsive StrategicSourcing for Services (RS3). This multiple award indefinite delivery/indefinite quantity (MA-IDIQ) consolidation of two current U.S.
White House Announces “Better Contracting Initiative” On November 8, the Biden-Harris Administration announced the next phase of the Federal Government’s enterprise approach to purchasing goods and services, known as the “Better Contracting Initiative (BCI).” There is a separate open FAR case (No. To register click here.
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