Search Term : Strategic Sourcing (81 articles matching your query)

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   The Journey to Strategic Sourcing: A Roadmap
In today’s competitive business environment, procurement departments are being challenged to do more with less and find creative ways to cut costs, mitigate risk, improve the quality of contracts and serve internal customers faster.
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   Client Q&A with Mike Maguire, VP of Strategic Sourcing at Premier, Inc.
By: AdministratorThis month, we caught up with Mike Maguire, Vice President of Strategic Sourcing at Premier, Inc., to find out what’s going on in his world of procurement.
Save Money
   Client Q&A with Rick Sylvia, Strategic Sourcing at Newport News Shipbuilding
By: Administrator This month, we caught up with Rick Sylvia, Strategic Sourcing – Market Intelligence, at Newport News Shipbuilding to find out what’s going on in his world of procurement.
Reduce Risk
   Strategic Sourcing: How Government Agencies Can Maximize Their ROI
By: ProcurementIQ Analyst, Anna SonWith more than $1.2 trillion in annual discretionary spending, federal agencies have a significant impact on the US economy.
   Tactical Gains or Strategic Victory?
By: ProcurementIQ Staff Writer, Ashley McKay In the My Purchasing Center article, “When Tactical Gains Don’t Translate Into Strategic Victory,” the guest editor compares tactical gains to winning the battle, but losing the war.
Set Strategy
   Is It Realistic for Every Department to Be Strategic?
By: ProcurementIQ Staff Writer, Savannah George Strategic sourcing has many benefits, but it may not always be the right approach for every organization and budget.
Set Strategy
   Strategic Procurement: A CFO's Guide to Getting There
By: Niclas Rosenlew, CFO at Basware What do we hear from procurement professionals all the time in the industry of Procure to Pay? “Help me be more strategic” or “I want to demonstrate the value of procurement” or “Give me the tools to practice strategic procurement” or “How can I influence the big decisions being made?” The good news is, there is a way to make these things happen – but you must be keenly focused on two things: data and analytics.
Set Strategy
   Scholarly Savings: Strategic Purchasing for Universities
By: ProcurementIQ Analyst, Kayley Freshman-Caffrey State governments are making serious cuts this year to balance budgets, and one of the biggest items on the chopping block is higher education.
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   Sourcing Strategies to Pump New Life into Healthcare Purchasing
By: ProcurementIQ Analyst, Mark Seraydarian Healthcare providers spend billions each year on products ranging from catheters to ultrasonic test equipment as well as on services that include hospital linen supply and management and medical laboratory services.
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   Global Sourcing with ProcurementIQ
As the business world becomes more interconnected on a global scale, it’s important to have tools that are applicable to your work both domestically and internationally.
Assess Opportunity
   6 Steps to Becoming a Strategic Procurement Department
By: ProcurementIQ Staff Writer, Hilary O'Brien Many purchasing departments are starting to think about how they can approach procuring indirect products and services in a more strategic way.
Set Strategy
   4 Best Practices for Using Market Intelligence in the Sourcing Process
By: ProcurementIQ Staff Writer, Savannah George Let’s face it; it’s impossible to be an expert on the numerous marketplaces in which you purchase goods and services.
Identify Suppliers
   How to Handle a Last-Minute Sourcing Meeting Like a Pro
By: ProcurementIQ Staff Writer, Savannah George How many times has it happened to you? You’re in the zone, plugging away at your desk, when all of a sudden you get called into a last-minute meeting about a new product that an internal business unit just has to have – and now.  With only 10 minutes to spare, how do you quickly arm yourself with enough information to speak intelligently about the subject? Like most people, your first stop is probably a quick Google search.
Improve Credibility
   Five New Year’s Resolutions for Procurement in 2018
By: ProcurementIQ Staff Writer, Hilary O'Brien Lots of people make personal New Year’s Resolutions each year, like losing weight, quitting smoking or learning something new.
Set Strategy
   A Leading Financial Services Company Scores a Trifecta of Success
How Market Intelligence helped Save Money, Reduce Risk and Set Strategy Procurement’s Challenge Historically, a leading financial services company contracted with multiple security service partners across ten separate locations through labor and services agreements.
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   ProcurementIQ Launches Fast Tracks
By: ProcurementIQ Staff Writer, Ashley McKay Make our data and research work for you! At ProcurementIQ, we’re always looking for ways to make your job easier! And, after an overwhelmingly positive response to our proposed redesign, we’ve changed the way you view our website.
Set Strategy
   Client Case Study: RPI
Top Tech University Saves Over $100k Using Category IntelligencePlus, the Procurement Services Department discovers time savings.ChallengeThe Procurement Services Department at Rensselaer Polytechnic Institute (RPI) takes pride in acquiring products and services aimed at delivering the best value to campus.
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   Client Q&A with Suzanne Aquino, Global Category Manager at Chain IQ
By: AdministratorThis month, we caught up with Suzanne Aquino, Global Category Manager – Outsourcing, Offshoring and Professional Services, at Chain IQ to find out what’s going on in her world of procurement.
Set Strategy
   Indirect Influence: Drive your Marketing Spend with Procurement
By: Hubert Lachance, Author & Corporate Buyer Historically, procurement’s main focus has been on reducing raw material and component prices.
Improve Credibility
   Procurement and Intelligence
By: Jeanette Jones, Author and Founder of Cottrill Research LLC Procurement, in its continuous effort to be transformative and achieve higher levels of strategic value, understands that it is essential to systematically integrate intelligence into its many functions.
Set Strategy
   Grow Your Network with Our Top Procurement Influencers
By: ProcurementIQ Staff Writer, Hilary O'Brien Looking to grow your network and learn from the movers and shakers in the procurement arena? You can gain a lot by following and connecting with professionals who have a wide variety of experience, roles, responsibilities and activities.
Improve Credibility
   Using Market and Category Intelligence to Achieve Procurement Goals
To do your job well, you need market, supplier and category information that is accurate, unbiased and up-to-date.
Set Strategy
   Procurement Glossary
Benchmarking The process of comparing an organization and its products, services, operations and/or processes against others (typically against the best) in the industry.
Tools and Worksheets
   Highlighting the Value of the Procurement Department
By: Kelly Barner, Owner and Editor of Buyers Meeting Point Professional procurement teams have struggled for years to demonstrate the total value of the function.
Improve Credibility
   ProcurementIQ: More Than Just Research Reports
By: ProcurementIQ Staff Writer, Hilary O'Brien Using market intelligence in the sourcing process can save you significant time and money by providing reliable, consistent and unbiased information at your fingertips.
Save Time
   Avoid This Common RFP Mistake to Enjoy Better Supplier Engagement
By: Steve Jeffery (VP of Strategic Sourcing) and Phil Bode (VP of Training), 4 Degrees North During the sales process, suppliers often ask the customer questions, research the organization and learn as much as possible to qualify the customer and any potential opportunities.
Save Time
   Procurement Insider’s Macroeconomic Update: Q2 2017
By: ProcurementIQ Analysts, Braden Baseley & Torsten Edstam Each quarter, ProcurementIQ prepares an update that identifies the most significant recent macroeconomic trends affecting procurement professionals.
Set Strategy
   No Matter the Category, We've Got a Report For It
ProcurementIQ’s Procurement Research Reports help procurement and purchasing professionals gain the knowledge and expertise they need to make informed sourcing decisions.
Assess Opportunity
   Invest in Wildfire Protection Techniques to Reduce Insurance Costs
As originally published in Construction Executive's Managing Your Business By: ProcurementIQ Analyst, Deonta Smith Over the past decade, wildfires have grown in size, duration and destructiveness due to the boom in biomass fuel production, changing climate conditions, rising temperatures, widespread drought and earlier snowmelt.
Reduce Risk