IBM Services

JANUARY 31, 2024

Businesses now look beyond offshore outsourcing and labor arbitrage, instead leveraging artificial intelligence (AI) and automation to create efficiencies and modernize processes. Near-sourcing Near-sourcing, also called nearshoring, involves moving sourcing activities closer to where goods or services are sold.

Sourcing 98

Sourcing Strategic Sourcing Outsourcing Supply Chain Management 98

Planergy Software

JULY 14, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Benefits of Using P-Cards Cost Effective to Manage Small Purchases When it comes to smaller expenditures like office supplies, going through the formal procurement and payment process could be time-consuming.

Banking 52

Banking Labor Costs Strategic Sourcing Accounting 52

Planergy Software

JANUARY 19, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Use PLANERGY to manage purchasing and accounts payable We’ve helped save billions of dollars for our clients through better spend management, process automation in purchasing and finance, and reducing financial risks.

Supply Chain Management 52

Supply Chain Management Reduced Costs Robotics Process Automation Analytics 52

Obobo

MARCH 23, 2023

In the medium term, cost reduction strategies can lead to larger savings, including effective contract negotiation , consolidation of suppliers or products, and streamlining of procurement processes. Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

Obobo

MARCH 30, 2023

Benchmarking, price variance, and standard cost analysis are effective methods for measuring cost savings, while a comprehensive report should include savings achieved, scope, methodology, and future opportunities. What are the Benefits of Procurement Cost Savings? This can help you reduce errors and improve efficiency.

Analytics 40

Analytics Reduced Costs Software Strategic Sourcing 40

Planergy Software

JANUARY 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Lower Costs Logistics are an expensive part of operations, often outweighing labor costs. How to gain visibility and control of your indirect spend. Download Free Copy. Written by. Keith Murphy.

Supply Chain Management 52

Supply Chain Management Manufacturing Sourcing Retail 52