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- Team breathes new life to indirect procurement: Boston Scientific creates centralized group of strategic sourcing experts to leverage its spend.
- It's been an eventful 18 months for Boston Scientific. Within that period, the Natick, Mass.-based medical device maker has: received FDA clearance for its new product, the Taxus Express2 stent, in March 2004 after years of clinical trial reviews; It's been an eventful...
- Research articles 2005-07-14
- Alcoa delivers one-two punch: lower costs and lower overhead. (Strategic Sourcing).(procurement department leads cost reduction)
- After banking $1.1 billion in cost savings between 1998-2000, Alcoa, the Pittsburgh-based maker of aluminum and aluminum products, has promised its investors another $1 billion worth of cost reduction by 2003. And it's asking its procurement organi After banking $1.1 billion in cost savings...
- Research articles 2002-09-05
- Taming the spending beast: strategic sourcing at the Department of Homeland Security; how the agency's chief procurement officer is molding a unified acquisition system from 22 different agencies and cultures, hundreds of thousands of procurement transact
- Everyone knows that the Department of Homeland Security DHS is a huge, diverse organization born in the aftermath of the terrorist attack on our homeland. The administration, Congress, and the American public deserve and, indeed, demand results from the merger of 22 agencies into the one department established to help...
- Research articles 2004-03-22
- Sourcing vendors say acquisitions aim at one-stop data cleansing and analysis.(SPEND MANAGEMENT)
- Materials procurement was supposed to be among the first business processes to be transformed by the Internet. Vendors even created a catchy name--strategic sourcing--for what was billed as a revolutionary method of cutting procurement costs. Yet w Materials procurement was supposed to be among...
- Research articles 2005-09-01
- Ariba expects subscription model to broaden its customer base.(ON-DEMAND APPLICATIONS)
- Studies of strategic sourcing generally produce the same conclusion: the practice yields substantial benefits-ranging from lower procurement costs to improved product quality-but developing a successful strategic sourcing program isn't easy. Studies of strategic sourcing generally produce the...
- Research articles 2005-12-01
- HP targets $800 million in procurement savings. (Strategic Sourcing).(Brief Article)
- Purchasing synergies will create at least $800 million in savings in the Compaq-Hewlett Packard merger, which took effect earlier this year. "Our analysis shows that with the combination of our volumes, we have an opportunity to become t ...
- Research articles 2002-07-18
- A Holistic Approach To Realizing Sustained Results
- While strategic sourcing point initiatives have provided significant benefits to date, an integrated supplier relationship management approach is needed to fuel sustainable, cross-enterprise cost savings. . Many of these companies have already zeroed in on the sourcing process and purchased software tools or run hosted e-auction events that have yielded...
- White papers 2003-07-26
- Strategic Sourcing: Applications to Turn Direct Materials Procurement into a Competitive Advantage
- Strategic sourcing applications provide critical decision-support functionality to purchasing departments and decision makers within the supply chain. Strategic sourcing applications aid companies in choosing suppliers, allocating volumes among suppliers, managing supply risk and optimizing the supplier base performance. These solutions replace inflexible spreadsheet solutions and expensive, time consuming consultants with...
- White papers 2001-01-30
- Managing Your Spend
- New strategies, reengineering, and powerful technology have enabled companies to revamp sourcing and procurement. With significant benefits such as these within reach, it is no wonder that companies increasingly try to build core competence around spend management, aggressively pursuing savings that can be realized by more effectively managing their spend....
- White papers 2002-12-01
- Help Me Help You
- Deciding how much business should be given to any supplier, is a process called supplier business allocation, is an incredibly complex matter. The article asserts that most of the e-procurement tasks Priest once oversaw can now be automated by one of many excellent systems on the market, except the strategic...
- White papers 2003-01-01
- Strategic Sourcing and e-Procurement Solutions to Support Your Business Objectives
- This paper signifies that sourcing and procurement aren't merely tactical exercises. They're the lifeblood of your business. By selecting the ideal mix of suppliers based on attributes critical to the business - like price, quality and delivery time - one can reduce spend. And by automating the procurement process, one...
- White papers 2004-02-13
- Procurement Reform Using Strategic Sourcing
- In an ongoing effort to uncover better ways of doing business, many purchasing leaders are discovering that a well-established, commercial best practice translates well to the public sector, including postal service organizations, or posts. Procurement in the public sector, as a profession, generally strives to find ways to make a...
- White papers 2004-04-15
- Strategic Sourcing and e-Procurement - Which One, or Both?
- It is doubtful that any subject in the history of procurement or supply chain management has created more excitement and enthusiasm than "e-procurement". It promises to revolutionize the way we do business, and produce significant savings. The subject of strategic sourcing creates almost as much excitement, and possibly even more...
- White papers 2002-03-14
- Delivering Bottom-Line Results With Strategic Sourcing Strategies
- The paper focuses on Strategic Sourcing solutions to help the company in achieving leadership advantage by helping it to obtain goods and services at the lowest cost. It throws light on the improvements in areas including vendor certification and measurement activities, companywide procurement and sourcing efforts, and the incorporation of...
- White papers 2004-09-15
- 2005 Supply & Demand Chain 100 Case Study - Alcoa/Ariba
- Alcoa is widely known as the world's largest producer of aluminum and aluminum products, with 350 operating locations in 41 countries, bringing revenue of $23.5 billion a year. However, staying at the head of the pack is not easy. Alcoa's sourcing and procurement team was challenged to decrease the overall...
- Case studies
- Value Based Strategic Sourcing And IT Systems
- The software industry has invested heavily in the past ten years on developing Internet based software to support commodity procurement. Despite its critical impact on business performance there has been a much smaller emphasis on new tools and processes to support high value, high risk procurement transactions, although the area...
- White papers 2005-09-15
Additional Resources
- E-Procurement And Strategic Sourcing For The Services Industry
- This presentation tells us how e-procurement reduces cost. Also it tells us about strategic sourcing and the goals of strategic sourcing. Workforce allows services suppliers to submit timesheets and expenses online and routes documents for approvals electronically, allowing suppliers to be paid more quickly and buyers to take advantage of...
- Presentations 2003-01-01
- Global Enabled Supply Chain Series: Strategic E-Sourcing
- The ability to evaluate suppliers based on multiple non-price decision factors is indeed one of the hallmarks of strategic e-sourcing. However, there are a host of other benefits that these tools facilitate, depending on the definition of strategic e-sourcing to which a technology enabler adheres. In today's market, it appears...
- White papers 2001-10-01
- Strategic Sourcing: Reducing Cost And Supporting Diversity Goals
- Procurement professionals achieve savings through sourcing strategies like volume consolidation, product specification improvement, best price evaluation, and competitive global sourcing. Procurement professionals are also tasked with meeting Supplier Diversity goals and increasing spends and opportunities for minority and women owned suppliers. Is achieving these savings through strategic sourcing while supporting...
- White papers 2004-04-01
- Defense Department "strategic sourcing" won't freeze out small businesses--Lee.(Deidre Lee)(Brief Article)
- The Defense Department will focus on "strategic sourcing" in procurement of services, but does not intend to consolidate contracts or reduce the number of vendors, said Deidre Lee, director of defense procurement and acquisition policy. The Defense Department will focus on "strategic sourcing" ...
- Research articles 2004-04-16
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