-
Strategic Sourcing Made Simple: A Beginner's Guide to Success
In this video, I will be walking through the Strategic Sourcing Process, why it is important, and some best practices to maximize value.
published: 27 Dec 2022
-
Strategic Sourcing in Supply Chain: Elevating Procurement for Business Success
Strategic sourcing and procurement are keys to business success and value creation.
Highlights
📈 Understand how to capture value through negotiations and cost analysis.
🤝 Build strong partnerships with suppliers through contingency planning and risk assessment.
💻 Leverage digitization and AI to optimize and automate procurement processes.
📊 Track and measure key performance indicators (KPIs) to ensure continuous improvement.
🤝 Integrate procurement strategies and operations with the overall business objectives.
Summary: Supply chains are getting more and more complex with growing customer needs and constantly evolving macro-economic impacts. For Procurement professionals, this means a higher number of SKUs, suppliers, stakeholders, and contracts to manage. With increasing complexity, how...
published: 10 Oct 2023
-
7 Steps of Strategic Sourcing| Unlocking the Basics of Procurement and Supply Chain| Part 3 |
#strategicsourcing #sourcing #procurement #supplychainmanagement #supplychain #basicsofprocurement #basicsofsupplychain
Welcome back to the third video of my comprehensive series, "Basics of Procurement and Supply Chain Management," where we explore the fundamental aspects of this dynamic field.
In today's video, we will explore the 7 steps of Strategic Sourcing. Some organizations also refer to it as "6 steps of Strategic Sourcing" but it involves the same approach. So, let's continue on this enlightening journey of discovering the intricacies of procurement and supply chain management.
Don't forget to subscribe and hit the notification bell to stay updated with the latest episodes.
Connect with Poonam on LinkedIn: https://www.linkedin.com/in/poonam-dewangan
published: 24 Jul 2023
-
What is Strategic Sourcing and why is it Important? Steps in Strategic sourcing with Examples (271)
View all our courses and get certified on https://academy.marketing91.com
Strategic Sourcing is a systematic approach for improving the supply base and overall value proposition of an organization.
Strategic Sourcing is a procurement process of developing, improving, and re-evaluating an organization’s purchasing activities
Why is Strategic Sourcing Important?
Higher Degree of Cost Savings
- The process encourages the organization to seek suppliers that will deliver high value at the lowest possible prices so that the cost savings are improved.
Lowers the Risk Involved
- The pre-vetting process checks the financial stability of the supplier and the corporate responsibility of the transaction to minimize the risk in the supply chain.
Business and Sourcing Objectives are Better Align...
published: 19 Mar 2021
-
Strategic Sourcing | Schneider Electric
The key to a successful energy sourcing program is the right contracts with the right suppliers at the right timing. ►Watch more Energy & Sustainability videos: https://www.youtube.com/watch?v=coWWI1YlIu0&list=PLa7UGrWOTyjlNkx4HSqbmlxrzp51gjrf-
Whether you buy energy in-house or use a third party, you need the most beneficial energy contracts with insights into your energy opportunities and renewable energy options for your energy budgeting process. Hear Schneider Electric exports discuss a strategic approach to energy sourcing.
►Click here to subscribe to Schneider Electric: https://www.youtube.com/c/schneiderelectric?sub_confirmation=1
Connect with Schneider Electric:
►Global Website: http://spr.ly/SchneiderElectric
►Discover our Services: http://spr.ly/SE-Services
►Visit our Blog: ht...
published: 27 Aug 2021
-
Strategic Sourcing | Eight Key Steps For Strategic Sourcing
Strategic sourcing covers the long term procurement related activities of an organisation.
8 Fundamental steps for strategic sourcing are:
1) Collect & analyze data what bought in the past.
2) Analyze the forecast for future procurement.
3) Supplier evaluation and past performance.
4) Market research for other potential suppliers.
5) Insource and outsource opportunities.
6) Importance and availability of products in market.
7) Effect of payment terms.
8) Asses the risk associated with suppliers.
Link VIDEOS:
How To Calculate Supplier Capacity & Capability | Scoring System For Supplier
https://youtu.be/lcZ3lL00nMs?si=LBkmfgV2tjO48j8G
Kraljic Matrix In Procurement And Supply Chain Management | Strategic Procurement Tool
https://youtu.be/uBQu5QrPUzo?si=17yagkY5ciTg39_K
Your...
published: 06 Dec 2023
-
What Is Strategic Sourcing in Supply Chain Management? l 7 Steps Strategy | Best Practices
With the pandemic shining a light on the fragility of supply chains, companies worldwide are prioritizing the implementation of safeguards against unforeseen crises. As this video from the TEC team will explain, strategic sourcing allows organizations to bolster their supply chains and create procurement plans through a multi-step process, thereby enabling them to better adapt to an ever-changing marketplace.
👉 What Is Strategic Sourcing in Supply Chain Management?
https://www3.technologyevaluation.com/publications/strategic-sourcing-in-scm-58860
👉 Best SCM Software:
https://www3.technologyevaluation.com/c/scm
👉 Compare Top SCM Software:
https://www3.technologyevaluation.com/selection-tools/p/compare/c/scm
__________________________
To learn more, contact us:
Website: https://www3...
published: 20 Oct 2022
-
7 Step Sourcing Strategy
7 Step Sourcing Strategy
published: 27 Nov 2017
-
How To Nail and Scale Autonomous Negotiations With Suppliers
How To Nail and Scale Autonomous Negotiations With Suppliers
Since before the current buzz around AI, Fortune 500 companies have been sending out AI agents to conduct autonomous negotiations with their suppliers to reach better deals for both sides. This panel discussion will explore both the challenges and best practices in order to nail and scale your autonomous negotiations.
Panelists:
Paula Glickenhaus, CPO, Bristol Myers Squibb
Michael DeWitt, VP Strategic Sourcing & Center of Excellence, Walmart
Kaspar Korjus, Co-Founder & CEO, Pactum AI
Moderator: Philip Ideson, Founder, Art of Procurement
00:00 Introduction to Autonomous Negotiations
00:14 Defining Autonomous Negotiations
01:07 How Autonomous Bots Work in Procurement
02:10 Supplier Engagement with Bots
02:54 Setting Up Bots fo...
published: 28 Oct 2024
-
Strategic Sourcing Methodology
published: 10 Apr 2020
10:57
Strategic Sourcing Made Simple: A Beginner's Guide to Success
In this video, I will be walking through the Strategic Sourcing Process, why it is important, and some best practices to maximize value.
In this video, I will be walking through the Strategic Sourcing Process, why it is important, and some best practices to maximize value.
https://wn.com/Strategic_Sourcing_Made_Simple_A_Beginner's_Guide_To_Success
In this video, I will be walking through the Strategic Sourcing Process, why it is important, and some best practices to maximize value.
- published: 27 Dec 2022
- views: 8097
50:07
Strategic Sourcing in Supply Chain: Elevating Procurement for Business Success
Strategic sourcing and procurement are keys to business success and value creation.
Highlights
📈 Understand how to capture value through negotiations and cost ...
Strategic sourcing and procurement are keys to business success and value creation.
Highlights
📈 Understand how to capture value through negotiations and cost analysis.
🤝 Build strong partnerships with suppliers through contingency planning and risk assessment.
💻 Leverage digitization and AI to optimize and automate procurement processes.
📊 Track and measure key performance indicators (KPIs) to ensure continuous improvement.
🤝 Integrate procurement strategies and operations with the overall business objectives.
Summary: Supply chains are getting more and more complex with growing customer needs and constantly evolving macro-economic impacts. For Procurement professionals, this means a higher number of SKUs, suppliers, stakeholders, and contracts to manage. With increasing complexity, how mature does a company's Procurement function need to be to run efficiently, meet financial goals, and be a strategic partner to the business?
In this live event, Course leads Paulo Sousa Jr. and Miguel Rodriguez Garcia host Niranjini Kumar, Management Consultant at McKinsey & Company, review different maturity levels of Procurement organizations, review the end-to-end sourcing process, dive into common leakages in the process in both strategic and transactional procurement, and discuss actions that can be taken by Procurement professionals to capture value.
The MITx MicroMasters® Program in Supply Chain Management Website: https://micromasters.mit.edu/scm/
Enroll in our courses (Audit for free): https://www.edx.org/masters/micromasters/mitx-supply-chain-management?utm_medium=partner-marketing&utm_source=social&utm_campaign=mitx&utm_content=CTL-program-youtube
Connect with us on social media!
LinkedIn: https://www.linkedin.com/showcase/micromasters-credential-in-supply-chain-management/
Facebook: https://www.facebook.com/groups/mitxmicromasterscm
https://wn.com/Strategic_Sourcing_In_Supply_Chain_Elevating_Procurement_For_Business_Success
Strategic sourcing and procurement are keys to business success and value creation.
Highlights
📈 Understand how to capture value through negotiations and cost analysis.
🤝 Build strong partnerships with suppliers through contingency planning and risk assessment.
💻 Leverage digitization and AI to optimize and automate procurement processes.
📊 Track and measure key performance indicators (KPIs) to ensure continuous improvement.
🤝 Integrate procurement strategies and operations with the overall business objectives.
Summary: Supply chains are getting more and more complex with growing customer needs and constantly evolving macro-economic impacts. For Procurement professionals, this means a higher number of SKUs, suppliers, stakeholders, and contracts to manage. With increasing complexity, how mature does a company's Procurement function need to be to run efficiently, meet financial goals, and be a strategic partner to the business?
In this live event, Course leads Paulo Sousa Jr. and Miguel Rodriguez Garcia host Niranjini Kumar, Management Consultant at McKinsey & Company, review different maturity levels of Procurement organizations, review the end-to-end sourcing process, dive into common leakages in the process in both strategic and transactional procurement, and discuss actions that can be taken by Procurement professionals to capture value.
The MITx MicroMasters® Program in Supply Chain Management Website: https://micromasters.mit.edu/scm/
Enroll in our courses (Audit for free): https://www.edx.org/masters/micromasters/mitx-supply-chain-management?utm_medium=partner-marketing&utm_source=social&utm_campaign=mitx&utm_content=CTL-program-youtube
Connect with us on social media!
LinkedIn: https://www.linkedin.com/showcase/micromasters-credential-in-supply-chain-management/
Facebook: https://www.facebook.com/groups/mitxmicromasterscm
- published: 10 Oct 2023
- views: 8710
5:47
7 Steps of Strategic Sourcing| Unlocking the Basics of Procurement and Supply Chain| Part 3 |
#strategicsourcing #sourcing #procurement #supplychainmanagement #supplychain #basicsofprocurement #basicsofsupplychain
Welcome back to the third video of my ...
#strategicsourcing #sourcing #procurement #supplychainmanagement #supplychain #basicsofprocurement #basicsofsupplychain
Welcome back to the third video of my comprehensive series, "Basics of Procurement and Supply Chain Management," where we explore the fundamental aspects of this dynamic field.
In today's video, we will explore the 7 steps of Strategic Sourcing. Some organizations also refer to it as "6 steps of Strategic Sourcing" but it involves the same approach. So, let's continue on this enlightening journey of discovering the intricacies of procurement and supply chain management.
Don't forget to subscribe and hit the notification bell to stay updated with the latest episodes.
Connect with Poonam on LinkedIn: https://www.linkedin.com/in/poonam-dewangan
https://wn.com/7_Steps_Of_Strategic_Sourcing|_Unlocking_The_Basics_Of_Procurement_And_Supply_Chain|_Part_3_|
#strategicsourcing #sourcing #procurement #supplychainmanagement #supplychain #basicsofprocurement #basicsofsupplychain
Welcome back to the third video of my comprehensive series, "Basics of Procurement and Supply Chain Management," where we explore the fundamental aspects of this dynamic field.
In today's video, we will explore the 7 steps of Strategic Sourcing. Some organizations also refer to it as "6 steps of Strategic Sourcing" but it involves the same approach. So, let's continue on this enlightening journey of discovering the intricacies of procurement and supply chain management.
Don't forget to subscribe and hit the notification bell to stay updated with the latest episodes.
Connect with Poonam on LinkedIn: https://www.linkedin.com/in/poonam-dewangan
- published: 24 Jul 2023
- views: 5322
6:52
What is Strategic Sourcing and why is it Important? Steps in Strategic sourcing with Examples (271)
View all our courses and get certified on https://academy.marketing91.com
Strategic Sourcing is a systematic approach for improving the supply base and overall...
View all our courses and get certified on https://academy.marketing91.com
Strategic Sourcing is a systematic approach for improving the supply base and overall value proposition of an organization.
Strategic Sourcing is a procurement process of developing, improving, and re-evaluating an organization’s purchasing activities
Why is Strategic Sourcing Important?
Higher Degree of Cost Savings
- The process encourages the organization to seek suppliers that will deliver high value at the lowest possible prices so that the cost savings are improved.
Lowers the Risk Involved
- The pre-vetting process checks the financial stability of the supplier and the corporate responsibility of the transaction to minimize the risk in the supply chain.
Business and Sourcing Objectives are Better Aligned
- The concept of Strategic Sourcing is based on alignment between sourcing and organizational goals.
Ideal Suppliers are optimized
- Analysis of the profile and core abilities helps in the optimization of the ideal supplier.
Relationships with Suppliers are built in the Long Run
- Strategic Sourcing builds a long-term relationship with the supplier and gives them their due importance.
Strategic Sourcing Steps
Assessment of Spending
- Assessment of Spending requires the procurement team to collect the purchasing information, analyze and then build the groundwork for the next steps.
Market Research
- Market Research refers to identifying potential global and local suppliers and getting an understanding of the trends in their marketplace.
Find out Costs
- This step is about finding and analyzing the total costs to provide the goods and services
Find Suppliers
- Identify the ideal suppliers through a proper process
Build a Sourcing Strategy
- Choose the right vendor who can help to achieve cost savings and add value to the supply chain. Building an effective sourcing strategy is of utmost importance for an organization.
Negotiate
- Negotiate before finalizing any deal about geographical coverage, payment terms, service levels, price, and products
Make New Supply Chain
- Create a new supply chain that will give the best results
Repeat
- Note down the results and assess the process once again
Strategic Sourcing vs Traditional Sourcing
Traditional Sourcing puts the onus on supplier pricing whereas Strategic Sourcing on supplier pricing, quality, service, innovation, and regulatory compliance.
Examples of Strategic Sourcing
1. IKEA - India
2. IKEA - China
3. Walmart – India
4. McDonald’s
This video is on Strategic Sourcing and it has the following sub-topics.
Time Stamps
0:00 Introduction to Strategic Sourcing
00:20 What is Strategic Sourcing?
00:52 Why is Strategic Sourcing Important?
00:56 Higher Degree of Cost Savings
01:12 Lowers the Risk Involved
01:30 Business and Sourcing Objectives are Better Aligned
01:45 Ideal Suppliers are Optimized
02:01 Relationships with Suppliers are built in the Long Run.
02:20 Strategic Sourcing Steps
02:23 Assessment of Spending
02:32 Market Research
02:40 Find out Costs
02:48 Find Suppliers
02:53 Build a Sourcing Strategy
03:04 Negotiate
03:12 Make New Supply Chain
03:17 Repeat
03:24 Strategic Sourcing vs Traditional Sourcing
03:51 Examples of Strategic Sourcing
https://wn.com/What_Is_Strategic_Sourcing_And_Why_Is_It_Important_Steps_In_Strategic_Sourcing_With_Examples_(271)
View all our courses and get certified on https://academy.marketing91.com
Strategic Sourcing is a systematic approach for improving the supply base and overall value proposition of an organization.
Strategic Sourcing is a procurement process of developing, improving, and re-evaluating an organization’s purchasing activities
Why is Strategic Sourcing Important?
Higher Degree of Cost Savings
- The process encourages the organization to seek suppliers that will deliver high value at the lowest possible prices so that the cost savings are improved.
Lowers the Risk Involved
- The pre-vetting process checks the financial stability of the supplier and the corporate responsibility of the transaction to minimize the risk in the supply chain.
Business and Sourcing Objectives are Better Aligned
- The concept of Strategic Sourcing is based on alignment between sourcing and organizational goals.
Ideal Suppliers are optimized
- Analysis of the profile and core abilities helps in the optimization of the ideal supplier.
Relationships with Suppliers are built in the Long Run
- Strategic Sourcing builds a long-term relationship with the supplier and gives them their due importance.
Strategic Sourcing Steps
Assessment of Spending
- Assessment of Spending requires the procurement team to collect the purchasing information, analyze and then build the groundwork for the next steps.
Market Research
- Market Research refers to identifying potential global and local suppliers and getting an understanding of the trends in their marketplace.
Find out Costs
- This step is about finding and analyzing the total costs to provide the goods and services
Find Suppliers
- Identify the ideal suppliers through a proper process
Build a Sourcing Strategy
- Choose the right vendor who can help to achieve cost savings and add value to the supply chain. Building an effective sourcing strategy is of utmost importance for an organization.
Negotiate
- Negotiate before finalizing any deal about geographical coverage, payment terms, service levels, price, and products
Make New Supply Chain
- Create a new supply chain that will give the best results
Repeat
- Note down the results and assess the process once again
Strategic Sourcing vs Traditional Sourcing
Traditional Sourcing puts the onus on supplier pricing whereas Strategic Sourcing on supplier pricing, quality, service, innovation, and regulatory compliance.
Examples of Strategic Sourcing
1. IKEA - India
2. IKEA - China
3. Walmart – India
4. McDonald’s
This video is on Strategic Sourcing and it has the following sub-topics.
Time Stamps
0:00 Introduction to Strategic Sourcing
00:20 What is Strategic Sourcing?
00:52 Why is Strategic Sourcing Important?
00:56 Higher Degree of Cost Savings
01:12 Lowers the Risk Involved
01:30 Business and Sourcing Objectives are Better Aligned
01:45 Ideal Suppliers are Optimized
02:01 Relationships with Suppliers are built in the Long Run.
02:20 Strategic Sourcing Steps
02:23 Assessment of Spending
02:32 Market Research
02:40 Find out Costs
02:48 Find Suppliers
02:53 Build a Sourcing Strategy
03:04 Negotiate
03:12 Make New Supply Chain
03:17 Repeat
03:24 Strategic Sourcing vs Traditional Sourcing
03:51 Examples of Strategic Sourcing
- published: 19 Mar 2021
- views: 17908
2:19
Strategic Sourcing | Schneider Electric
The key to a successful energy sourcing program is the right contracts with the right suppliers at the right timing. ►Watch more Energy & Sustainability videos:...
The key to a successful energy sourcing program is the right contracts with the right suppliers at the right timing. ►Watch more Energy & Sustainability videos: https://www.youtube.com/watch?v=coWWI1YlIu0&list=PLa7UGrWOTyjlNkx4HSqbmlxrzp51gjrf-
Whether you buy energy in-house or use a third party, you need the most beneficial energy contracts with insights into your energy opportunities and renewable energy options for your energy budgeting process. Hear Schneider Electric exports discuss a strategic approach to energy sourcing.
►Click here to subscribe to Schneider Electric: https://www.youtube.com/c/schneiderelectric?sub_confirmation=1
Connect with Schneider Electric:
►Global Website: http://spr.ly/SchneiderElectric
►Discover our Services: http://spr.ly/SE-Services
►Visit our Blog: http://spr.ly/SE-Blog
►Job Opportunities: http://spr.ly/SE-Careers
►LinkedIn: https://www.linkedin.com/company/schneider-electric
►Facebook: https://www.facebook.com/SchneiderElectric
►Twitter: https://twitter.com/SchneiderElec
https://wn.com/Strategic_Sourcing_|_Schneider_Electric
The key to a successful energy sourcing program is the right contracts with the right suppliers at the right timing. ►Watch more Energy & Sustainability videos: https://www.youtube.com/watch?v=coWWI1YlIu0&list=PLa7UGrWOTyjlNkx4HSqbmlxrzp51gjrf-
Whether you buy energy in-house or use a third party, you need the most beneficial energy contracts with insights into your energy opportunities and renewable energy options for your energy budgeting process. Hear Schneider Electric exports discuss a strategic approach to energy sourcing.
►Click here to subscribe to Schneider Electric: https://www.youtube.com/c/schneiderelectric?sub_confirmation=1
Connect with Schneider Electric:
►Global Website: http://spr.ly/SchneiderElectric
►Discover our Services: http://spr.ly/SE-Services
►Visit our Blog: http://spr.ly/SE-Blog
►Job Opportunities: http://spr.ly/SE-Careers
►LinkedIn: https://www.linkedin.com/company/schneider-electric
►Facebook: https://www.facebook.com/SchneiderElectric
►Twitter: https://twitter.com/SchneiderElec
- published: 27 Aug 2021
- views: 859
7:10
Strategic Sourcing | Eight Key Steps For Strategic Sourcing
Strategic sourcing covers the long term procurement related activities of an organisation.
8 Fundamental steps for strategic sourcing are:
1) Collect & anal...
Strategic sourcing covers the long term procurement related activities of an organisation.
8 Fundamental steps for strategic sourcing are:
1) Collect & analyze data what bought in the past.
2) Analyze the forecast for future procurement.
3) Supplier evaluation and past performance.
4) Market research for other potential suppliers.
5) Insource and outsource opportunities.
6) Importance and availability of products in market.
7) Effect of payment terms.
8) Asses the risk associated with suppliers.
Link VIDEOS:
How To Calculate Supplier Capacity & Capability | Scoring System For Supplier
https://youtu.be/lcZ3lL00nMs?si=LBkmfgV2tjO48j8G
Kraljic Matrix In Procurement And Supply Chain Management | Strategic Procurement Tool
https://youtu.be/uBQu5QrPUzo?si=17yagkY5ciTg39_K
Your searches
What is strategic sourcing
Strategic sourcing easy
Strategic sourcing explain
Steps of strategic sourcing
Procurement and sourcing
Strategic sourcing in hindi
Sourcing explain
Importance of strategic sourcing
Objectives of strategic sourcing
Benefits of strategic sourcing
Procurement cycle
Steps of sourcing
Supplier evaluation easy
How to evaluate suppliers
Supplier risk assessment
Payment terms in sourcing
What is Sourcing in hindi
Sourcing strategies for market analysis
Supplier development program
Procurement and sourcing importance
#supplychain #sourcing #procurement
https://wn.com/Strategic_Sourcing_|_Eight_Key_Steps_For_Strategic_Sourcing
Strategic sourcing covers the long term procurement related activities of an organisation.
8 Fundamental steps for strategic sourcing are:
1) Collect & analyze data what bought in the past.
2) Analyze the forecast for future procurement.
3) Supplier evaluation and past performance.
4) Market research for other potential suppliers.
5) Insource and outsource opportunities.
6) Importance and availability of products in market.
7) Effect of payment terms.
8) Asses the risk associated with suppliers.
Link VIDEOS:
How To Calculate Supplier Capacity & Capability | Scoring System For Supplier
https://youtu.be/lcZ3lL00nMs?si=LBkmfgV2tjO48j8G
Kraljic Matrix In Procurement And Supply Chain Management | Strategic Procurement Tool
https://youtu.be/uBQu5QrPUzo?si=17yagkY5ciTg39_K
Your searches
What is strategic sourcing
Strategic sourcing easy
Strategic sourcing explain
Steps of strategic sourcing
Procurement and sourcing
Strategic sourcing in hindi
Sourcing explain
Importance of strategic sourcing
Objectives of strategic sourcing
Benefits of strategic sourcing
Procurement cycle
Steps of sourcing
Supplier evaluation easy
How to evaluate suppliers
Supplier risk assessment
Payment terms in sourcing
What is Sourcing in hindi
Sourcing strategies for market analysis
Supplier development program
Procurement and sourcing importance
#supplychain #sourcing #procurement
- published: 06 Dec 2023
- views: 5922
4:37
What Is Strategic Sourcing in Supply Chain Management? l 7 Steps Strategy | Best Practices
With the pandemic shining a light on the fragility of supply chains, companies worldwide are prioritizing the implementation of safeguards against unforeseen cr...
With the pandemic shining a light on the fragility of supply chains, companies worldwide are prioritizing the implementation of safeguards against unforeseen crises. As this video from the TEC team will explain, strategic sourcing allows organizations to bolster their supply chains and create procurement plans through a multi-step process, thereby enabling them to better adapt to an ever-changing marketplace.
👉 What Is Strategic Sourcing in Supply Chain Management?
https://www3.technologyevaluation.com/publications/strategic-sourcing-in-scm-58860
👉 Best SCM Software:
https://www3.technologyevaluation.com/c/scm
👉 Compare Top SCM Software:
https://www3.technologyevaluation.com/selection-tools/p/compare/c/scm
__________________________
To learn more, contact us:
Website: https://www3.technologyevaluation.com/
LinkedIn: https://ca.linkedin.com/company/technology-evaluation-centers
Facebook: https://www.facebook.com/TechnologyEvaluationCenters/
Twitter: https://twitter.com/TECtweets
Chapters:
0:09 Current Logistics Disruptions
0:38 What is Strategic Sourcing in Supply Chain Management
0:58 Strategic Sourcing Benefits
1:14 A.T. Kearney’s 7 steps Strategic Sourcing Method in Supply Chain Management
3:38 Benefits of Using Strategic Sourcing
4:04 TEC’s Expertise
#strategicsourcing #scm #supplychain #supplychainmanagement #strategicsourcingbestpractices #supplychaintips #7StepsStrategy #strategicplanning #strategicsourcing #strategicsourcingandprocurement #strategicsourcingprocess #strategicsourcinginsupplychain #strategicsourcinganalyst #strategicsourcingbestpractices #sevenstepsinstrategicsourcing #strategicsourcingandcategorymanagement #strategicsourcingexamples #strategicsourcingsteps #supplychainmanagement #supplychain #procurementprocess #procurementandsupplychainmanagement #procurement #logistics #supplychaincertification #supplychain #software #consultant #technologyevaluationcenters #ATKearney #disruptions #softwareselection #businesssoftware
https://wn.com/What_Is_Strategic_Sourcing_In_Supply_Chain_Management_L_7_Steps_Strategy_|_Best_Practices
With the pandemic shining a light on the fragility of supply chains, companies worldwide are prioritizing the implementation of safeguards against unforeseen crises. As this video from the TEC team will explain, strategic sourcing allows organizations to bolster their supply chains and create procurement plans through a multi-step process, thereby enabling them to better adapt to an ever-changing marketplace.
👉 What Is Strategic Sourcing in Supply Chain Management?
https://www3.technologyevaluation.com/publications/strategic-sourcing-in-scm-58860
👉 Best SCM Software:
https://www3.technologyevaluation.com/c/scm
👉 Compare Top SCM Software:
https://www3.technologyevaluation.com/selection-tools/p/compare/c/scm
__________________________
To learn more, contact us:
Website: https://www3.technologyevaluation.com/
LinkedIn: https://ca.linkedin.com/company/technology-evaluation-centers
Facebook: https://www.facebook.com/TechnologyEvaluationCenters/
Twitter: https://twitter.com/TECtweets
Chapters:
0:09 Current Logistics Disruptions
0:38 What is Strategic Sourcing in Supply Chain Management
0:58 Strategic Sourcing Benefits
1:14 A.T. Kearney’s 7 steps Strategic Sourcing Method in Supply Chain Management
3:38 Benefits of Using Strategic Sourcing
4:04 TEC’s Expertise
#strategicsourcing #scm #supplychain #supplychainmanagement #strategicsourcingbestpractices #supplychaintips #7StepsStrategy #strategicplanning #strategicsourcing #strategicsourcingandprocurement #strategicsourcingprocess #strategicsourcinginsupplychain #strategicsourcinganalyst #strategicsourcingbestpractices #sevenstepsinstrategicsourcing #strategicsourcingandcategorymanagement #strategicsourcingexamples #strategicsourcingsteps #supplychainmanagement #supplychain #procurementprocess #procurementandsupplychainmanagement #procurement #logistics #supplychaincertification #supplychain #software #consultant #technologyevaluationcenters #ATKearney #disruptions #softwareselection #businesssoftware
- published: 20 Oct 2022
- views: 9030
24:29
How To Nail and Scale Autonomous Negotiations With Suppliers
How To Nail and Scale Autonomous Negotiations With Suppliers
Since before the current buzz around AI, Fortune 500 companies have been sending out AI agents to ...
How To Nail and Scale Autonomous Negotiations With Suppliers
Since before the current buzz around AI, Fortune 500 companies have been sending out AI agents to conduct autonomous negotiations with their suppliers to reach better deals for both sides. This panel discussion will explore both the challenges and best practices in order to nail and scale your autonomous negotiations.
Panelists:
Paula Glickenhaus, CPO, Bristol Myers Squibb
Michael DeWitt, VP Strategic Sourcing & Center of Excellence, Walmart
Kaspar Korjus, Co-Founder & CEO, Pactum AI
Moderator: Philip Ideson, Founder, Art of Procurement
00:00 Introduction to Autonomous Negotiations
00:14 Defining Autonomous Negotiations
01:07 How Autonomous Bots Work in Procurement
02:10 Supplier Engagement with Bots
02:54 Setting Up Bots for Negotiation Parameters
03:31 Change Management and Team Adaptation
06:27 Autonomous Negotiations at Walmart: Initial Concerns and Pilot Success
09:13 Expanding Bot Use Across Categories and Regions
10:33 Choosing Focus Areas and Early Wins in Bot Implementation
12:50 Types of Negotiations and Levels of AI Intelligence
15:10 Common Success Factors in Implementing AI Agents
16:17 Addressing Team Concerns About Job Replacement
17:56 Engaging the C-Suite and Gaining Buy-In for AI
19:52 Building Trust in Bots and ROI Impact
21:11 Scaling AI: Expanding to New Negotiation Areas
22:34 Future Vision and Limitless Potential of AI in Procurement
24:12 Closing Remarks and Gratitude
Website: https://conference.dpw.ai/
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#dpwamsterdam #digitalprocurement #procurement
https://wn.com/How_To_Nail_And_Scale_Autonomous_Negotiations_With_Suppliers
How To Nail and Scale Autonomous Negotiations With Suppliers
Since before the current buzz around AI, Fortune 500 companies have been sending out AI agents to conduct autonomous negotiations with their suppliers to reach better deals for both sides. This panel discussion will explore both the challenges and best practices in order to nail and scale your autonomous negotiations.
Panelists:
Paula Glickenhaus, CPO, Bristol Myers Squibb
Michael DeWitt, VP Strategic Sourcing & Center of Excellence, Walmart
Kaspar Korjus, Co-Founder & CEO, Pactum AI
Moderator: Philip Ideson, Founder, Art of Procurement
00:00 Introduction to Autonomous Negotiations
00:14 Defining Autonomous Negotiations
01:07 How Autonomous Bots Work in Procurement
02:10 Supplier Engagement with Bots
02:54 Setting Up Bots for Negotiation Parameters
03:31 Change Management and Team Adaptation
06:27 Autonomous Negotiations at Walmart: Initial Concerns and Pilot Success
09:13 Expanding Bot Use Across Categories and Regions
10:33 Choosing Focus Areas and Early Wins in Bot Implementation
12:50 Types of Negotiations and Levels of AI Intelligence
15:10 Common Success Factors in Implementing AI Agents
16:17 Addressing Team Concerns About Job Replacement
17:56 Engaging the C-Suite and Gaining Buy-In for AI
19:52 Building Trust in Bots and ROI Impact
21:11 Scaling AI: Expanding to New Negotiation Areas
22:34 Future Vision and Limitless Potential of AI in Procurement
24:12 Closing Remarks and Gratitude
Website: https://conference.dpw.ai/
Follow us on social media:
LinkedIn - https://www.linkedin.com/company/digital-procurement-world/
Instagram - https://www.instagram.com/digitalprocurementworld/
Facebook - https://www.facebook.com/DigitalProcurementWorld
X - https://www.x.com/DPWHQ
#dpwamsterdam #digitalprocurement #procurement
- published: 28 Oct 2024
- views: 155