Today, we’re talking about the sourcing process for manufactured parts. More specifically, we’re covering how to optimize this process within your organization and how it’s different from regular sourcing. So, if you buy custom parts in any of your business units, this episode is for you.
To help me discuss the subject, I am joined by Adar Hay, CEO at Jiga, a company that does exactly that – help manufacturers source and collaborate with suppliers while removing friction in the process for better lead times, better prices and less email.
During our chat, we covered a variety of topics such as:
- Manufactured parts sourcing best practices
- The typical pain points and value drivers associated to manufactured parts sourcing
- Where a tool like this fits into an overall Procurement IT architecture
- How to adopt and successfully roll out manufactured parts sourcing tools
- And we also get into some interesting case studies near the end of the episode
As always, if you have questions or comments after listening don’t hesitate to reach out via any of the Pure Procurement channels (e.g. LinkedIn)
Show Notes
@2:28 – Introductions
@3:44 – Defining manufactured parts sourcing
@6:17 – Main value drivers for manufactured parts automation
@9:44 – What are the typical pain points in the manufactured parts sourcing process?
@12:30 – How Adar thinks we can optimize the process without technology
@16:24 – What sort of tools can be added to the process to get more value out of it?
@22:20 – What is the ideal end state for an organization using a manufactured parts sourcing tool?
@25:12 – What sort of integration with Product Lifecycle Management (PLM) & Enterprise Resource Planning (ERP) system is needed to make this work optimally?
@29:30 – What is Adar’s take on the main differences between the different solutions that support manufactured parts sourcing on the market?
@33:50 – Why can’t I just source manufactured parts with my Source-to-Pay sourcing tool (e.g. Ariba, Ivalua, GEP, Jaggaer, etc.)? Where does Jiga fit into that picture?
@38:37 – What are misconceptions around manufactured parts sourcing tools?
@40:52 – What is the best way to manage supplier resistance when onboarding a sourcing tool?
@43:02 – What is the implementation process for one of these tools?
@45:42 – Adar shares a Jiga client case study
@50:45 – What are the prerequisites to starting this journey?
@52:30 – Best way to get in touch with Adar
You can get in touch with Adar on LinkedIn or visit the Jiga website directly.
———————————
What other mechanisms are you using to optimize your manufactured parts sourcing processes? Have you identified other pain points related to these processes? Have you identified other value levers to build business cases for manufactured parts sourcing tools? Let me know in the comments.
If you liked this post, why not Subscribe
Intro music provided by hooksounds.com
