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Travel and Expense Management: What Is It, Challenges and Best Practices

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Adopting best practices can help reduce overhead costs quickly — setting the groundwork for long-term fiscal success. Many readers tell us they would have paid consultants for the advice in these articles.

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Centralized Purchasing: Advantages and Disadvantages

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Not only will they find that they have reduced overhead expenses, but the improved purchasing power will qualify them for volume discounts to help save money. How to gain visibility and control of your indirect spend.

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11 Cost Reduction Strategies in Procurement

Obobo

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.