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Clashing Priorities: Vendor Diversification vs Efficiency and Vendor Risk Management

Sourcing Advisors Group

Tier 1 suppliers) and most have virtually no visibility into the remaining base, which typically account for 90%+ of all suppliers and at least 50% of the total vendor spending. The growing approved supplier base and decreasing supplier visibility will further deteriorate what is already a bleak performance of most Strategic Sourcing teams.

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CFO Challenges and Priorities in 2021 And Beyond

Planergy Software

. “Doing business in the new normal has underscored the importance of accurate and strategic financial planning paired with strategic flexibility, both aligned tightly with organizational goals for business performance.” ” Top Challenges and Priorities for CFOs.

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How To Create Savings With Better Spend Management In Procurement

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. All organizations, regardless of their size and type, should develop a spend management process. The accounting software integration also ensures that you can manage the entire Source-to-Pay lifecycle.

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Is Your Procurement And Sourcing Function ESG Sustainable Ready?

SIG Speaks

SIG University Certified Sourcing Professional (CSP) program graduate Sophie McNally shares how there is no one size fits all approach when it comes to ESG and that each company has to take a deep dive into what will ultimately work best for them. Labor rights and working conditions. Waste management recycling and reuse.

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Turning Data Into Actionable Insights

Planergy Software

Here’s another point worth noting — organizations often overlook the accounts payable department while trying to make better use of data. Ask the right questions Once end goals have been identified, the next step is to figure out key information needed for informed business decisions. How do I present data in an actionable way?

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Best Practices for Supplier Management

Obobo

Consider these best practices as you build the right supplier management system for your business. Your company may need a risk assessment professional or a risk assessment committee, depending on its size. A successful supplier management program goes beyond strategic sourcing. Table of Contents.

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The Top 8 Business Travel Management Tools

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The right travel management solution can help ensure compliance with company policies, provide valuable insights into travel spending, and streamline the entire travel process. But fear not, weary traveler!