When You Should – and Shouldn’t – Consider Strategic Sourcing

Strategic sourcing is a well-established procurement process designed to achieve durable cost reductions by realigning the supply base. The focus is on translating the organization’s strategy and stakeholder goals into specific commodity objectives that drive sourcing efforts.  Typically, strategic sourcing is the preferred approach when…

Enhancing Procurement Skills Through Online Training

Live online training is transforming how global purchasing teams enhance their expertise, offering a host of advantages that traditional face-to-face education methods cannot match:  Flexibility and Accessibility: Learners can access a diverse array of courses no matter their location.   Cost-Effectiveness: Eliminating the need for travel…

Four Phases of a Successful Strategic Sourcing Project 

A successful strategic sourcing project delivers:  Significant savings   Reliable supply  Alignment of supplier capabilities with the needs of the organization for service levels, delivery support, and supplier innovation  To accomplish this, a focused effort to clearly understand what the organization requires for success is needed…

Boost ROI When Training Your Purchasing Team

Key Highlights  Training is an investment, follow best practices to optimizing ROI on training.  Clear expectations and communication are key to successful training.  Integrating training into performance objectives ensures accountability and evaluation.  Active engagement and practical application of skills lead to better results.  Post-training actions,…