IBM Services

DECEMBER 13, 2023

Additional goals might be risk management and mitigation, supplier relationship management and sustainability considerations. Procure-to-pay (P2P) software links procurement practices to accounts payable and can streamline steps such as supply management, purchase orders and invoicing.

Sourcing 70

Sourcing Administrative Collaborations Strategic Sourcing 70

Planergy Software

JANUARY 26, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. What to Do About It Establish an emergency fund to account for changes in exchange rates and cost overruns. Supplier risk is always there, but using various risk management strategies can help you minimize the impact.

Supply Chain Management 52

Supply Chain Management Risk Management Risk Management Government 52

Obobo

JULY 1, 2022

Source to pay process: 1. Sourcing 3. Contract Management (including negotiation) 6. 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)?

Sourcing 52

Sourcing Accounting Software Automation 52

Planergy Software

MARCH 29, 2022

Here’s another point worth noting — organizations often overlook the accounts payable department while trying to make better use of data. AP manages critical financial data that can provide valuable insights for discovering potential savings.

Analytics 52

Analytics Accounting Finance Strategic Sourcing 52

SIG Speaks

MAY 10, 2022

Our supplier risk management team also sits outside of the corporate procurement department. This could be anyone from information technology support, legal, supplier risk management, and even the supplier outside the company running the engagement. Lastly, there needs to be measurement and accountability. .

Sourcing 40

Sourcing Risk Management Risk Management Strategic Sourcing 40

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

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

Future of Sourcing

MAY 9, 2023

Inculcating Contingency Planning The first step in risk management during a crisis is having a strategy. Remember that market circumstance won't always be favorable when developing your sourcing and procurement plans and be sure to account for uncertainties.

Sourcing 52

Sourcing Collaborations Analytics Strategic Sourcing 52

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

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. Vendor analysis is crucial for risk management. What's Planergy? How to report and analyze indirect spend to identify savings opportunities.

Risk Management 52

Risk Management Risk Management Supply Chain Management Sourcing 52

Planergy Software

SEPTEMBER 20, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It promotes a sense of responsibility and accountability, fostering a positive work environment. Reputable travel management tools employ robust security measures to protect your data. Are These Tools Secure?

Management 52

Management Right-Sizing Software Finance 52

Planergy Software

MARCH 24, 2022

It also involves risk management, supplier relationship management (SRM), and contract management. Monitor and Assess Supplier Performance To build successful and long-term supplier relationships, you must manage your vendor performance. Use PLANERGY to manage purchasing and accounts payable.

Management 52

Management Insurance Supply Chain Management Right-Sizing 52

Planergy Software

JANUARY 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. To keep consumers happy, your procurement team should closely evaluate all third-party vendors for risks and supply chain vulnerabilities. Supply chain and risk management has forever changed as a result.

Supply Chain Management 52

Supply Chain Management Manufacturing Sourcing Retail 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. By adopting best practices such as spend analysis, supplier management, and e-procurement , companies can save money and increase efficiency. What is Procurement?

Finance 45

Finance Strategic Sourcing Software Reduced Costs 45

Planergy Software

SEPTEMBER 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. While these investments can lead to long-term benefits, they can also strain a company’s financial resources and require careful planning and risk management. Download PDF What’s your goal today?

Manufacturing 52

Manufacturing E-Commerce Human Resources Marketing 52

Obobo

MARCH 23, 2023

Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing. Overall, these 11 cost reduction strategies in procurement demonstrate that companies can significantly reduce costs and maintain profitability with the right procurement management practices.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

Planergy Software

MARCH 25, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. How To Create Savings With Better Spend Management In Procurement. The accounting software integration also ensures that you can manage the entire Source-to-Pay lifecycle. Download Free Copy.

Management 52

Management Strategic Sourcing Accounting Software 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.

Finance 52

Finance Automation Management Reduced Costs 52