SIG Speaks

DECEMBER 21, 2023

Since the negotiation and contracting phases are just the beginning of the relationship, significant value can be driven by incorporating a governance framework into the contracting phase and instilling a collaborative relationship early on. Incorporate guidelines on how long that personnel will remain on the account.

Management 40

Management Strategic Sourcing Government Sourcing 40

Future of Sourcing

MAY 9, 2023

Conducting Sourcing During a Crisis Following strategies are adopted by best-in-class procurement teams that help them navigate through the uncertainties faced during a calamity: 1. Investing in Collaborative Sourcing Every procurement expert stresses the importance of collaboration.

Sourcing 52

Sourcing Collaborations Analytics Strategic Sourcing 52

Obobo

JULY 1, 2022

Source to pay process: 1. Sourcing 3. Accounts Payable (invoice & PO processing) 9. Procure To Pay (P2P) Purchasing and accounts payable are integrated in procure-to-pay systems in order to increase efficiency. Can Source To Pay (S2P) Help Accounts Payable (AP)? Internal Demand 2. Supplier Bidding 4.

Sourcing 52

Sourcing Accounting Software Automation 52

Planergy Software

NOVEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Best Practices & Tips Strategic Sourcing Supplier Relationship Management. Use PLANERGY to manage purchasing and accounts payable. How to report and analyze indirect spend to identify savings opportunities.

Strategic Sourcing 52

Strategic Sourcing Reduced Costs Sourcing Supply Chain Management 52

SIG Speaks

OCTOBER 12, 2023

An article by Forbes titled “Smart Sourcing: AI Can Amplify CPO-Led Human Intelligence” noted the idea of ‘Smart Sourcing’ which starts with tackling a huge volume of relevant data associated with every individual purchase. She specializes in category management, strategic sourcing and procurement policies and procedures.

Sourcing 40

Sourcing Strategic Sourcing Outsourcing Regulations 40

Planergy Software

DECEMBER 25, 2023

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Often accounting ratios and formulas are used to measure performance of finance KPIs over time. What's Planergy?

Finance 52

Finance Software Automation Analytics 52

Planergy Software

SEPTEMBER 6, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Different Types of Budgeting Methods There are various different types of budgets and budgeting models in accounting. This involves other departments collaborating effectively with finance.

Right-Sizing 52

Right-Sizing Finance Collaborations Accounting 52

SIG Speaks

OCTOBER 19, 2023

By presenting clearly and concisely, procurement professionals can foster transparency and accountability, enabling executives to make informed decisions based on a thorough understanding of the procurement function's contributions. One of the primary objectives of procurement is to achieve cost savings while maintaining quality and efficiency.

Strategic Sourcing 40

Strategic Sourcing Sourcing Manufacturing Risk Management 40

SIG Speaks

DECEMBER 6, 2022

The Procurement Team must collaborate with the Legal Team and the Accounts Payable Team more than ever to make sure everything is set up correctly both in the supplier setup module and in the contract module to ensure that government requirements are correct on the supplier setup.

Government 40

Government Retail Banking Strategic Sourcing 40

SIG Speaks

APRIL 14, 2022

The paper then goes on to say that “the teams that should collaborate most directly are those focused on strategic sourcing and procure-to-pay.” The author then adds that "a successful source-to-settle workflow must look at the entire ecosystem that connects sourcing and procurement to accounts payable and treasury.".

Finance 40

Finance Co-Sourcing Sourcing Strategic Sourcing 40

Planergy Software

OCTOBER 18, 2023

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Compliance and Accountability A corporate travel program enforces adherence to company policies and regulatory requirements. What's Planergy?

Finance 52

Finance Reduced Costs Management Risk Management 52

SIG Speaks

MARCH 28, 2022

Responsible for “transforming and integrating two procurement departments into a global, world-class international team, he is accountable for the CIGNA taxonomy research, analysis, and development, including identifying 8000 suppliers with an annual spend of $4.5 Our second executive is Michael Koontz.

Strategic Sourcing 40

Strategic Sourcing Sourcing Outsourcing Collaborations 40

Planergy Software

JULY 21, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Whether you work with a small business or enterprise-level partner, strategic sourcing is key because you want to keep stakeholders happy. How to gain visibility and control of your indirect spend.

Management 52

Management Service Strategic Sourcing Supply Chain Management 52

Planergy Software

DECEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. That means working with agile partners, which most standard procurement strategies don’t account for. Best Practices for Your Marketing Procurement Process and Strategic Sourcing. Download Free Copy. Written by.

Marketing 52

Marketing Strategic Sourcing Out-Tasking Sourcing 52

Obobo

AUGUST 2, 2022

In addition to data you capture and measure objectively, these KPIs should also take into account contextual factors and qualitative observations. Ensure that your contract includes information-sharing expectations so that you and your suppliers can work collaboratively. Assess And Monitor Supplier Performance.

Management 64

Management Right-Sizing Supply Chain Management Strategic Sourcing 64

Planergy Software

APRIL 19, 2022

On the surface, aligning with operations makes sense, since procurement involves strategic sourcing of everything from the materials, and equipment needed to operate the business, to contract management. But P2P solutions also include the accounts payable process, which is traditionally part of the finance department.

Finance 52

Finance Accounting Out-Tasking Manufacturing 52

SIG Speaks

DECEMBER 15, 2022

I have engaged suppliers from sole-source, directed, competitive, non-competitive, and management sources. Each situation has been unique, but I have treated all suppliers with the same level of communication and collaboration. 02% discount for my company. learn more. .

Manufacturing 40

Manufacturing Sourcing Strategic Sourcing Engineering 40

Planergy Software

APRIL 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Your long-term goal must account for any potential and actual changes in regulations and laws so that your operations can adapt to them accordingly. Use PLANERGY to manage purchasing and accounts payable. Written by.

Supply Chain Management 52

Supply Chain Management Manufacturing Sourcing Accounting 52

Planergy Software

OCTOBER 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. RFIs can also help buyers identify potential suppliers and compare them against each other, which is crucial for strategic sourcing. Use PLANERGY to manage purchasing and accounts payable. Download Free Copy.

Supply Chain Management 52

Supply Chain Management Strategic Sourcing Sourcing Finance 52

Everest Group

OCTOBER 14, 2021

Often, IT category managers end up closely collaborating with their functional leads, and certain organizations centralize procurement departments in IT. Procurement should confidently bring in their expertise from strategic sourcing and spend analysis to contracting, benchmarking, and spend management to deliver value within IT.

Sourcing 52

Sourcing Cybersecurity Right-Sizing Risk Management 52

Planergy Software

MARCH 24, 2022

Your contract should also include information-sharing expectations so that you can effectively work collaboratively with your vendors. Use PLANERGY to manage purchasing and accounts payable. You need to share information and priority as part of the agreement. Download PDF. What’s your goal today? Book a Live Demo.

Management 52

Management Insurance Supply Chain Management Right-Sizing 52

Obobo

MARCH 23, 2023

Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing. Implement strategic sourcing by establishing a long-term plan that balances costs, risks, and benefits. – Use predictive analytics to forecast future demand and price trends.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

Obobo

MARCH 21, 2023

Procurement savings refer to the cost reductions that are achieved by a company when it purchases goods and services through a strategic sourcing process. key Takeaway: Procurement savings are the cost reductions achieved by a company when purchasing goods and services through strategic sourcing. What is Procurement?

Finance 45

Finance Strategic Sourcing Software Reduced Costs 45

Obobo

AUGUST 16, 2022

In addition to data you capture and measure objectively, these KPIs should also take into account contextual factors and qualitative observations. Ensure that your contract includes information-sharing expectations so that you and your suppliers can work collaboratively. Assess And Monitor Supplier Performance.

Management 52

Management Right-Sizing Supply Chain Management Strategic Sourcing 52

Planergy Software

SEPTEMBER 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Ultimately, the strategic collaboration between Disney and Pixar resulted in a powerful synergy that strengthened both companies’ positions in the animation market and created memorable content for audiences globally.

Manufacturing 52

Manufacturing E-Commerce Human Resources Marketing 52

Obobo

JANUARY 15, 2023

Organizations can realize significant procurement cost savings by taking advantage of economies of scale, using strategic sourcing to find lower-cost suppliers, and leveraging their buying power to negotiate better prices. One way to achieve procurement cost savings is to streamline the procurement process itself.

Reduced Costs 40

Reduced Costs Out-Tasking Strategic Sourcing Automation 40

Planergy Software

OCTOBER 25, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. In addition, if you’re working with a team, team members can use the software to collaborate and stay up-to-date on the project’s progress. Not accounting for inflation. Download Free Copy. Written by.

Management 52

Management Out-Tasking Finance Software 52

Obobo

MARCH 30, 2023

Procurement cost savings refer to the savings achieved through strategic sourcing , negotiation, and reducing excess spending in procurement. The ability to collaborate and communicate regularly with suppliers can lead to better relationships, efficiencies, and increased innovation. How Can Companies Measure Cost Savings?

Analytics 40

Analytics Reduced Costs Strategic Sourcing Software 40

Planergy Software

JANUARY 19, 2024

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This cross-functional collaborative approach can lead to better project outcomes, increased stakeholder satisfaction, and stronger vendor relationships.

Risk Management 52

Risk Management Risk Management Supply Chain Management Sourcing 52

Planergy Software

SEPTEMBER 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. These expenses can help build relationships, foster collaboration, and expand your business network. How to gain visibility and control of your indirect spend. How customizable are the reports?

Finance 52

Finance Insurance Software Management 52

Planergy Software

JANUARY 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This process also helps create transparency within the supply chain so that everyone involved knows what’s going on at all times, leading to better communication and collaboration between all parties involved. Download PDF.

Supply Chain Management 52

Supply Chain Management Regulations Manufacturing Finance 52

Planergy Software

JULY 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. For example, consider collaborating with value chain partners to reduce carbon emissions in the intensive areas of your supply chain. Use PLANERGY to manage purchasing and accounts payable. Download Free Copy.

Supply Chain Management 52

Supply Chain Management Sourcing Manufacturing Finance 52

Planergy Software

DECEMBER 12, 2023

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This step requires collaboration and consensus-building among stakeholders, including school administrators, headteachers, and the local authority.

Finance 52

Finance Redistribution Government Administrative 52

Planergy Software

FEBRUARY 9, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Collaboration and cooperation between these two teams are crucial. How to gain visibility and control of your indirect spend. How to report and analyze indirect spend to identify savings opportunities.

Finance 52

Finance Regulations Insurance Management 52

Planergy Software

DECEMBER 16, 2024

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. What's PLANERGY? Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. Download PDF Whats your goal today?

Finance 52

Finance Automation Reduced Costs Management 52

Planergy Software

DECEMBER 11, 2023

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The schools within a MAT often share common values and ethos, fostering a collaborative environment to improve educational outcomes for all students within the trust.

Government 52

Government Collaborations Finance Accounting 52