9 items | 13 visits
ISM Silicon Valley's List: Strategic Sourcing
-
Mar 22, 13
GSA: Strategic sourcing saved feds $300 million - Washington Business Journal
-
-
The objective of strategic purchasing is to manage suppliers to reduce cost of materials and engage them in downstream processes and also to reduce the cost of purchasing. The implementation of IT in purchasing enables automation of many of the processes such as bid management and evaluation, order management and payment processes such as handling of invoices. The automation reduces errors in the purchase to pay cycle and increases process efficiency.
-
-
-
Companies across industries are adjusting to volatile market conditions and reduced demand, leading executives to focus on cost reduction. The procurement and supply chain function serves as a key lever for improved cost performance, and many companies have launched initiatives focused on cost optimization.
-
Look Beyond Strategic Sourcing
Companies often focus their efforts simply on strategic sourcing, but strategic sourcing alone cannot drive sustainable benefits. A limited focus on strategic sourcing may initially reduce costs for the buyer, but it may not ensure long-term realization of those benefits. More importantly, if executed in a manner where cost is the only focus, strategic sourcing can result in damage to a supplier relationship that may become critical in times of supply constraints. Instead, the focus should be on enhancing long-term value obtained from suppliers rather than on simply finding the lowest price.
-
-
-
Jan 03, 10
e-Procurement software suite.
Welcome! | Puridiom eProcurement - Procure-to-Pay Spend Management Software -
Jan 03, 10
Global provider of procurement services.
DSSI - Progressive Procurement Solutions with Industrial Strength
1 - 9 of 9
20 items/page
List Comments
(0)
List Info