X
Software Functionality Revealed in Detail
We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.
Get free sample report

Compare Software Solutions
Visit the TEC store to compare leading software solutions by funtionality, so that you can make accurate and informed software purchasing decisions.
Compare Now
 

 what is strategic sourcing


Distinctions and Benefits of Strategic Sourcing
Strategic sourcing involves ongoing relationships, which creates the opportunity for mutually beneficial collaboration between the buyer and the suppliers. This

what is strategic sourcing  This has brought about what some experts call the great leap in global sourcing—it is no longer the privilege of only a few giant companies; it is becoming a viable strategy for almost any company. More and more organizations are using affordable and intuitive Web-based applications for a variety of supply chain activities, including procurement, order processing and financial flow coordination, and new product design. Businesses are also using such applications to manage transactions and inventory.

Read More


Software Functionality Revealed in Detail

We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.

Get free sample report
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

Compare Now

Production and Supply Planning RFI/RFP Template

Strategic Supply Chain Planning, Operational Planning, Procurement Collaboration, Order Management, Fulfillment, and Channel Integration, Utilities for Planning Systems, Systems Integration, Product Technology  

Evaluate Now

Documents related to » what is strategic sourcing

The Anatomy of Retail Sourcing Processes


The most successful retailers are those that continually focus on driving the very best performance from each of their suppliers, and that work collaboratively to improve performance in areas such as on-time delivery, product quality, and regulatory compliance.

what is strategic sourcing  color and by size? What is the final pricing? What is the final time-and-action calendar? More and more, the standard order confirmation and customary ASN procurement practices cannot provide enough of a guarantee that everything is going smoothly with any order placed. This is particularly true of the internationally sourced, custom-made purchases that are common in the consumer goods manufacturing and distribution industries. Here, the difficulties of communicating across time zones as well as long Read More

One Vendor's Quest to Garner a Global Sourcing Ecosystem


Having started as a business-to-business integration provider for a few major retailers in the United Kingdom, Eqos has evolved into a full-fledged, worldwide provider of global sourcing and supplier management solutions.

what is strategic sourcing  actual store's customers are, what their tendency to spend on is, and how much of the annual spend the retailer is likely to capture. Best Buy has since claimed a 20-fold increase in its private label business, with improved margins, reduced costs, and improved vendor negotiations as accompanying results given that it is now able to configure non-commodity products based on user-oriented specifications and features much better (as well as to convey these quickly to its Asian sourcing office). The Eqos Read More

Procurement: A Strategic Lever for Bottom-line Improvement


Companies are successfully realizing benefits from their procurement initiatives, and viewing procurement as an integral part of their overall corporate strategy. They no longer perceive procurement as a cost center, but rather as a strategic lever for improving profits or funding new initiatives. Procurement opportunities are significant—translating directly, with no dilution, into measurable, hard dollar profit increases.

what is strategic sourcing  begin, they must understand what they buy and from whom they buy it. Thoroughly reviewing accounts payable history and mapping expenditures can provide tremendous insight into corporate savings opportunities. In-depth analysis and classification of more than $80 billion in spend reveals the following common issues and findings: Companies buy the same or similar products from many different suppliers, which means they are not leveraging total company buying power and they are managing more suppliers than Read More

Outcome Sourcing in the Outcome Economy


The move to an outcome economy encompasses radical changes in the core elements of commerce. It requires a whole new way of thinking on the part of both buyer and seller—from buying and selling things to buying and selling outcomes.

what is strategic sourcing  want holes, not drills. What is new is the actual practical application and methods for achieving it. Performance-based Logistics The US Department of Defense (DoD) is moving toward a form of outcome sourcing. They refer to it as performance-based logistics (PBL) programs or power by the hour. In aircraft maintenance, for example, their traditional approach is to specify the parts needed and the required service levels (parts availability). However, what the DoD really wants is not parts, but planes Read More

Strategic Planning Applications for Better Decision Making


Successful strategic planning relies on your ability to develop and evaluate alternative strategies to identify the most viable approach. But when the outcomes are dependent on complex systems that are difficult to predict, you might conclude that the unknowns are insurmountable. Avoid making decisions based on intuition—develop models using computer simulation for clearer pictures of the outcomes of your strategies.

what is strategic sourcing   Read More

Why One Virus Engine is not Enough


There is no single antivirus engine on the market today that is the fastest and most effective at identifying viruses, spam, or other threats. According to a recent survey, 97 percent of organizations have antivirus software installed, yet 65 percent have been infected at one time or another since. One way to reduce the chance of virus infection is to install multiple antivirus scanners at the mail server level.

what is strategic sourcing  One Virus Engine is not Enough There is no single antivirus engine on the market today that is the fastest and most effective at identifying viruses, spam, or other threats. According to a recent survey, 97 percent of organizations have antivirus software installed, yet 65 percent have been infected at one time or another since. One way to reduce the chance of virus infection is to install multiple antivirus scanners at the mail server level. Read More

Integrated Business Planning: Taking Strategic Planning to the Competitive Edge


Some managers have concluded that strategic planning is nothing more than an exercise in futility, to be taken out and dusted off at annual meetings. However, strategic planning can still help direct your company and improve earnings. The trick is strategizing well—which means having all the information you need, when you need it. Find out how to hone your competitive edge with integrated business planning capabilities.

what is strategic sourcing  Business Planning: Taking Strategic Planning to the Competitive Edge Some managers have concluded that strategic planning is nothing more than an exercise in futility, to be taken out and dusted off at annual meetings. However, strategic planning can still help direct your company and improve earnings. The trick is strategizing well—which means having all the information you need, when you need it. Find out how to hone your competitive edge with integrated business planning capabilities. Read More

SurfAid is Not Enough: IBM Partners with WebCriteria


IBM is partnering with WebCriteria to make it possible for users of its SurfAid traffic analysis package to use the WebCriteria product for improved analysis of the customer experience.

what is strategic sourcing  analysis package to understand what your visitors do. If what you find doesn't meet your expectations, then WebCriteria's Max may be able to pinpoint design problems that interfere with your ability to present your message clearly. If you are developing a new website and are evaluating traffic analysis packages, this announcement should give a few extra points to IBM's SurfAid. Read More

Enterprise Application Integration - Where Is It Now (And What Is It Now)? Part 1: What Is It Now?


Since January 2000 when TEC last addressed the trends in Enterprise Application, there have been massive changes in the overall direction of Application Integration in general and EAI in particular.

what is strategic sourcing  Is It Now (And What Is It Now)? Part 1: What Is It Now? Enterprise Application Integration - Where Is It Now (And What Is It Now)? Part 1: What Is It Now? M. Reed - September 3, 2001 Summary Since January 2000 when TEC last addressed the trends in Enterprise Application, there have been massive changes in the overall direction of Application Integration in general and EAI in particular. A great many of the players have changed in the vendor arena, new terminology ( buzz-phrases like IAI, or Read More

ViryaNet G4 Is Now a TEC Certified Field Service Management Solution


Technology Evaluation Centers (TEC) is pleased to announce that ViryaNet G4 is now a field service management (FSM) certified solution. ViryaNet G4 is a field service management role-based solution which covers the full spectrum of service management, from creating work to planning, scheduling, and dispatch, and execution in the field. To achieve TEC Certification, ViryaNet completed TEC’s detailed questionnaire and delivered a comprehensive product demonstration.

what is strategic sourcing  G4 Is Now a TEC Certified Field Service Management Solution Technology Evaluation Centers (TEC) is pleased to announce that ViryaNet G4 is now a field service management (FSM) certified solution, available for evaluation online in TEC’s Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) Evaluation Centers.   ViryaNet G4 is a field service management role-based solution which covers the full spectrum of service management, from creating work to planning, scheduling, Read More

New Version of SciQuest Advanced Sourcing Optimizer (fmr. CombineNet) Released


SciQuest, a provider of cloud-based spend management software solutions, announced the availability of a new version of SciQuest Advanced Sourcing Optimizer (ASO). The upgrade provides additional flexibility and power to bid analysis and sourcing optimization processes.

what is strategic sourcing  model to apply in “what-if” scenarios for bid analysis and optimization. Buyers can thus now look at multiple pricing models and compare total costs or specific portions of total cost to historic prices, benchmark data, or market rates. New Ratio Balancing Rule —This brand new scenario optimization rule enables buyers to ensure that when suppliers are awarded certain items, they are also awarded other items based on a ratio determined by the buyer. This makes transportation and supply chain Read More

Is Your Business Ready for ERP?


While small businesses may be able to get by with spreadsheets, growing enterprises need to adopt new, better-suited technology such as enterprise resource planning (ERP). This white paper examines key questions such as: How do we know we need a new ERP system? What are most important factors to consider in a modern ERP selection? Download this white paper now, for answers to these questions and more.

what is strategic sourcing  a new ERP system? What are most important factors to consider in a modern ERP selection? Download this white paper now, for answers to these questions and more. Read More

Coupa 10 Heralds Sourcing for the Masses


Coupa Software, a provider of cloud-based spend optimization solutions for finance, recently announced the release of Coupa 10. The new release features an entirely new sourcing application designed to bring sourcing to the masses by intelligently guiding users to select the best sourcing opportunities to save money based on real-time analysis of their current spend. It further enhances the

what is strategic sourcing  10 Heralds Sourcing for the Masses Coupa Software , a provider of cloud-based spend optimization solutions for finance, recently announced the  release of Coupa 10 . The new release features an entirely new sourcing application designed to bring sourcing to the masses by intelligently guiding users to select the best sourcing opportunities to save money based on real-time analysis of their current spend. It further enhances the capabilities of Coupa’s suite of organic cloud-based procurement Read More