Modern day sourcing requires the procurement department to fully understand the cost drivers and be able to leverage appropriate sourcing tools to reflect savings in budget.
Strategic sourcing strives to optimize an organisations supply base while reducing Total Cost of Ownership. [Read More]
Now that we have introduced Strategic Sourcing and Industry 4.0 in our previous blogs, let’s dive right into the very foundation of Strategic Sourcing and how it helps create value through the purchasing process. [Read More]
Let’s take a step back from Strategic Sourcing and talk a little about how Industry 4.0 has been great for Procurement. Industry 4.0 is commonly referred to as the fourth industrial revolution. [Read More]
According to the Chartered Institute of Procurement and Supply, 2017 saw technology continue to drive improvements in processes, data, insight and savings. Efficiency gains remained the constant propeller across various procurement trends. [Read More]
