Planergy Software

MARCH 24, 2025

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Shared Services Across Schools MATs can save costsand even generate incomethrough shared services. What's PLANERGY?

Finance 52

Finance Shared Services Collaborations Automation 52

Everest Group

OCTOBER 14, 2021

It may seem at times that the IT and procurement departments can be on different planets when it comes to IT sourcing services spend. The typical procurement team is not involved in nearly half of their company’s services spend, as can be seen in the exhibit below. Source: Statista (2021). trillion in 2021, an 8.6%

Sourcing 130

Sourcing Cybersecurity Right-Sizing Risk Management 130

SourcX

OCTOBER 12, 2020

Increasing numbers of executives see the writing on the wall, and can no longer ignore the fact that sourcing in low cost countries can reduce labor costs and give them access to robust manufacturing facilities. What is Strategic Sourcing? What is Sourcing Optimization? Cooperative Sourcing and Sourcing Business Models.

Strategic Sourcing 52

Strategic Sourcing Sourcing Labor Costs Out-Tasking 52

Planergy Software

JULY 21, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. What Is The Difference Between Goods and Services Procurement? What Is The Difference Between Goods and Services Procurement? What is Services Procurement?

Management 52

Management Service Strategic Sourcing Supply Chain Management 52

Planergy Software

MAY 5, 2022

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. The reality is that most businesses purchase 80% of their goods and services from only 20% of their suppliers.

Strategic Sourcing 59

Strategic Sourcing Sourcing Reduced Costs Supply Chain Management 59

Sourcing Advisors Group

OCTOBER 27, 2020

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.

Risk Management 52

Risk Management Risk Management Efficiency Management 52

SIG Speaks

NOVEMBER 28, 2022

Working in IT Sourcing, I am religiously keeping track of all our contracts, renewals, and expirations so that no renewals pass by without renegotiations or reviews. Some products and services that we have bought in the past are being cut off to reduce unnecessary expenses. learn more. .

Sourcing 40

Sourcing Strategic Sourcing Supply Chain Management Software 40

Obobo

JULY 1, 2022

An S2P is a sourcing and procurement process in which suppliers are sought out, negotiated with, signed up for, and eventually paid for their products or services. This in turn results in the payment of those products or services. Technologies available today could automate more than half of the source-to-pay process.

Sourcing 52

Sourcing Software Accounting Automation 52

IBM Services

DECEMBER 13, 2023

It can nurture collaborative partnerships with suppliers and integrate ethical and environmental (green purchasing) considerations into the sourcing strategy. A procurement strategy is not merely a series of steps for acquiring goods and services. What is a procurement strategy?

Sourcing 70

Sourcing Administrative Collaborations Strategic Sourcing 70

Planergy Software

FEBRUARY 8, 2022

Strategic Sourcing Supplier Performance Supplier Relationship Management. Why is developing collaborative relationships with your most strategic suppliers crucial to your success? It helps to make process improvements, reduce costs, and continues to encourage innovation in the products or services you offer. Written by.

Strategic Sourcing 52

Strategic Sourcing Supply Chain Management Collaborations Finance 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. Translate information into insights The final step is to derive the required information to make better strategic decisions and generate more value from data.

Analytics 52

Analytics Accounting Finance Strategic Sourcing 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. Supplier consolidation is the process of reducing the number of suppliers you use for a given product or service. Written by.

Strategic Sourcing 52

Strategic Sourcing Reduced Costs Sourcing Supply Chain Management 52

Planergy Software

OCTOBER 17, 2023

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The FICO Small Business Scoring Service (FICO SBSS) ranges from 0 to 300, for instance. What's Planergy?

Accounting 52

Accounting Finance Banking Strategic Sourcing 52

SIG Speaks

DECEMBER 20, 2022

By automating data capture (from invoices, for example), processes can be built to route the invoices to the appropriate person(s) and automatically code the invoice for correct accounting. Intelligent automation benefits span the entire Source-to-Pay process. Savings from increased RFPs and auctions can be significant in some cases.

Automation 40

Automation Strategic Sourcing Data Entry Sourcing 40

Planergy Software

JULY 5, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This payment type is typically used when employees purchase items or services necessary for their job, such as travel expenses. How to gain visibility and control of your indirect spend. When When were these purchases made?

Management 52

Management Accounting Finance Out-Tasking 52

SIG Speaks

DECEMBER 21, 2023

Several factors should be considered when designing successful governance frameworks: Service Level Agreements (SLAs) and Key Performance Indicators (KPIs) should be well-rounded and documented in the agreement. Incorporate guidelines on how long that personnel will remain on the account.

Management 40

Management Strategic Sourcing Government Sourcing 40

Planergy Software

DECEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Marketing procurement is identifying, selecting, and contracting with marketing services providers. Consulting and creative services. How to gain visibility and control of your indirect spend. Download Free Copy.

Marketing 52

Marketing Strategic Sourcing Out-Tasking Sourcing 52

Planergy Software

DECEMBER 22, 2023

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. That’s why many CFOs and accounting managers use Days Sales Outstanding to determine how quickly their customers pay their invoices. What's Planergy?

Sales 52

Sales Accounting Inventory Management Finance 52

NoonDalton

NOVEMBER 8, 2023

Companies and economies are increasingly held accountable by consumers and stakeholders who demand transparency and responsibility. Transparency and Accountability: Companies engage in open communication about their outsourcing practices and are accountable for their partners’ adherence to ethical standards.

Outsourcing 52

Outsourcing Accounting Regulations Strategic Sourcing 52

Planergy Software

AUGUST 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It’s often tedious for many companies, as procurement involves identifying the right supplier and ensuring that goods and services meet organizational needs. How to gain visibility and control of your indirect spend.

Sourcing 52

Sourcing Strategic Sourcing Finance Automation 52

SIG Speaks

MARCH 8, 2023

KPIs are necessary to determine if a business is meeting its goals, give accountability, and leverage the health of outsourced relationships based on performance metrics. It creates accountability to ensure. Lagging KPIs are excellent when keeping accountability for your Vendor or outsourced work.

Management 40

Management BPO Outsourcing Global Outsourcing 40

Planergy Software

APRIL 19, 2022

Selecting the right services or vendors plays an important role in properly managing your business. He also needs to source a cleaning service that can clean the warehouse weekly, locate a hotel chain that employees can stay at when traveling for business, and find a phone plan that works best for employees and fits within the budget.

Finance 52

Finance Accounting Out-Tasking Manufacturing 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. You should define your scope of work (SOW) or service-level agreement (SLA) outside your boilerplate policy document. A successful supplier management program goes beyond strategic sourcing.

Management 64

Management Right-Sizing Supply Chain Management Strategic Sourcing 64

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. Organizations are now looking to utilize AI to remain competitive and enhance their services.

Sourcing 40

Sourcing Strategic Sourcing Outsourcing Regulations 40

SIG Speaks

AUGUST 17, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Constance Bryant shares an honest account of how the change from a grassroots process to a more sophisticated tool for a Source-to-Contract process went for her and her organization. We must have practical E-sourcing tools that allow us to be efficient.

Strategic Sourcing 40

Strategic Sourcing Sourcing Regulations Engineering 40

Planergy Software

NOVEMBER 1, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. In business, the term “preferred vendor” refers to a supplier that has been vetted and approved by a company to provide goods or services to that company on an ongoing basis. Download Free Copy.

Reduced Costs 52

Reduced Costs Finance Accounting Strategic Sourcing 52

SIG Speaks

JUNE 14, 2022

The hybrid procurement method combines a central procurement base with subject matter experts (SMEs) already in each department to balance stakeholders' functionalities and strategic sourcing, which gives the business the best of both worlds. . This is where category managers will begin to build out their teams. learn more. .

Strategic Sourcing 40

Strategic Sourcing Sourcing Banking Retail 40

Planergy Software

APRIL 25, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The demand for sustainable products and services increases is a reflection of buying decisions. Because of this, they don’t have a structured method to account for the impacts it’s made of. Written by.

Finance 64

Finance Strategic Sourcing Government Management 64

The Hackett Group

AUGUST 10, 2021

This year’s winners were: Alcon for Plan-to-Results (Data Analytics); Bosch for Purchase-to-Pay; Citibank for Account-to-Report; Mondel?z z International for Order-to-Cash; Reckitt for IT Opportunity-to-Deployment; Vodafone Procurement Company for Source-to-Purchase; and Wipro Limited for Hire-to-Retire.

Research 52

Research Analytics Sales Finance 52

SIG Speaks

SEPTEMBER 28, 2023

The Certified Sourcing Professional (CSP) Program is a 10-week course that focuses on the hard and soft skills of sourcing, including strategic sourcing and outsourcing methodologies, as well as best practices in negotiations.

Sourcing 40

Sourcing Right-Sizing Strategic Sourcing Finance 40

Planergy Software

JANUARY 19, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The same principle applies to spend analysis and procurement management: by focusing on the most expensive products and services, you can get the biggest return on investment in terms of cost savings.

Supply Chain Management 52

Supply Chain Management Reduced Costs Robotics Process Automation Analytics 52

Future of Sourcing

MAY 9, 2023

It does this by allowing for the suppliers' most effective standard services with minor alteration and a thorough grasp of the acquired services. 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

OCTOBER 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It allows organizations to assess whether or not there are suppliers capable of providing the goods or services they need before committing to issuing an RFP or RFQ. How to gain visibility and control of your indirect spend.

Supply Chain Management 52

Supply Chain Management Strategic Sourcing Sourcing Finance 52

SIG Speaks

MAY 10, 2022

We also have an executive team that handles many professional services engagements and renewals. It is the category manager, or sourcing as they are referred to at Raymond James, that manages the cost modeling, negotiations, etc. Lastly, there needs to be measurement and accountability. . learn more. .

Sourcing 40

Sourcing Risk Management Risk Management Strategic Sourcing 40

Planergy Software

APRIL 7, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It can take into account various elements such as quality of goods and services, cough, and the rate of on-time delivery. Use PLANERGY to manage purchasing and accounts payable. Download Free Copy. Written by.

Analytics 52

Analytics Strategic Sourcing Robotics Process Automation Out-Tasking 52

Planergy Software

JANUARY 18, 2024

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Catalog management in procurement is the strategic process of managing and maintaining a product catalog within an organization. What's Planergy?

Management 52

Management Inventory Management E-Commerce Regulations 52

Planergy Software

MARCH 24, 2022

Define your scope of work (SOW) or service-level agreements (SLAs) outside of your boilerplate policy document. Your contract should also include clearly delineated payment terms that describe the cost of services and products, the payment schedules, payees, and any late payment penalties.

Management 52

Management Insurance Supply Chain Management Right-Sizing 52