Remove 2020 Remove Sourcing Remove Strategic Sourcing
article thumbnail

Strategic Sourcing Enables IT To Support Growth Initiatives

Sourcing Advisors Group

Digital Initiatives for Revenue Growth – one of the key 2020 CEO priorities – have a direct connection to increase in IT spending. Even as CIOs are seeing increasing demands on IT organizations, their budgets are down 5%+ YOY (as of May 2020), and down 8% from the expected increases as the beginning of 2020 according to Lozada.

article thumbnail

CFOs Can More Than Double Planned Cost Reductions Using Strategic Sourcing

Sourcing Advisors Group

Gartner survey shows that CFOs have already made material – if temporary – cost reductions, and most plan to implement more cost cutting in the second part of 2020 and in 2021. Firms can more than double targeted cost reductions by applying best-practice Strategic Sourcing.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

CPOs: Procurement can do better

Sourcing Advisors Group

Ardent Partners Procurement Metrics that Matter in 2020 findings, sponsored by Ivalua , were presented in a recent webinar with 3 most interesting observations: Cash Flow Management and Cost Reduction will be THE priority for CPOs and Sr. Upskill Procurement’s Strategic Sourcing Expertise. Improve Data Analytical Skills.

article thumbnail

If IT Is from Mars, Procurement Is from Venus: 5 Steps to Break the Chasm between IT and Procurement for IT Sourcing

Everest Group

It may seem at times that the IT and procurement departments can be on different planets when it comes to IT sourcing services spend. Anyone who has set up a new procurement department at a firm with large volumes of untracked indirect spend knows they first need to target the IT department and get involved in their sourcing projects.

article thumbnail

How Strategic Procurement Can Give You a Competitive Advantage

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. How Strategic Procurement Can Give You a Competitive Advantage. Procurement Strategic Sourcing. In 2020 when the coronavirus pandemic first hit, procurement departments were faced with a number of challenges.

article thumbnail

Life Sciences Supply Chain Visibility: A Strong Link in the Chain | Blog

Everest Group

The pharmaceutical industry experienced its largest theft in 2020 when $1.2 Use Cases : Addressing drug serialization and aggregation, strategic sourcing, fleet tracking, drug e-labelling, artwork management, and API tracking. Let’s look at the factors that are driving enterprises to invest in supply chain visibility.

article thumbnail

Stakeholder and Change Management

SIG Speaks

SIG University Certified Sourcing Professional (CSP) program graduate Brynn Wheeler describes how to manage stakeholders for RFX by fostering a trusting atmosphere and inspiring participation. In 2020, Brynn left the aerospace domain to join Sprouts’ indirect sourcing team as an analyst and has since advanced to a procurement specialist.