Obobo

AUGUST 2, 2022

You should write down your supplier management policy as a document. As part of the supplier management policy document, you should outline the ideal number of suppliers according to the categories you have defined. There should also be a description of the supplier review and selection process included in the document.

Management 64

Management Right-Sizing Supply Chain Management Strategic Sourcing 64

SIG Speaks

NOVEMBER 30, 2023

Creating a standard IPA process document for kicking off an IPA project is an easy and measurable way to assess organizational impact and prioritize project pipelines. Well-organized journeys ensure that approved development standards are being followed, naming conventions are consistent, and standard documentation is being utilized.

Automation 40

Automation Strategic Sourcing Government Sourcing 40

SIG Speaks

DECEMBER 21, 2023

Since the negotiation and contracting phases are just the beginning of the relationship, significant value can be driven by incorporating a governance framework into the contracting phase and instilling a collaborative relationship early on. Clearly define the SLAs and KPIs in the contract.

Management 40

Management Strategic Sourcing Government Sourcing 40

Planergy Software

OCTOBER 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Knowing when to use which document for what purpose can dramatically improve your procurement process. Use this document when you have an idea of what you want, but require more information from suppliers. Written by.

Supply Chain Management 52

Supply Chain Management Strategic Sourcing Sourcing Finance 52

SIG Speaks

JANUARY 13, 2023

Sourcing is a process that involves finding, selecting, evaluating, and managing suppliers for day-to-day and long-term purposes for goods and services needed in the organization/company. Sourcing involves four significant steps Assess , Analyze , Execute and Evaluate. . learn more. .

Sourcing 40

Sourcing Strategic Sourcing Impact Sourcing Government 40

Obobo

AUGUST 16, 2022

You should write down your supplier management policy as a document. As part of the supplier management policy document, you should outline the ideal number of suppliers according to the categories you have defined. There should also be a description of the supplier review and selection process included in the document.

Management 52

Management Right-Sizing Supply Chain Management Strategic Sourcing 52

Obobo

JULY 1, 2022

Cross-verification of related documents is part of the three-way matching process. Before making payments, the related documents must be verified. An invoice can be confirmed to represent goods supplied or services rendered by matching three documents – a purchase order, a goods receipt and the supplier invoice.

Sourcing 52

Sourcing Accounting Software Automation 52

Planergy Software

MARCH 24, 2022

Develop a Vendor Management Policy A vendor management policy is a document that tells senior management and the board members about all of your vendor management activities. The more comprehensive your policy is, the better as it serves as the foundation of strategic and robust management practice.

Management 52

Management Insurance Supply Chain Management Right-Sizing 52

Everest Group

MAY 27, 2022

Best-in-class organizations take far less time for the same activities in IT strategic sourcing initiatives, completing the process in nine to 10 weeks, according to our IT Sourcing Pinnacle Model Assessment. Customer concerns that the whole process might need to be restarted if they make changes limits flexibility.

Outsourcing 52

Outsourcing Sourcing Strategic Sourcing Flexibility 52

SIG Speaks

SEPTEMBER 27, 2022

We do it through commodity management, supplier and business collaboration, mitigating corporate risk, and managing change in the goods and services we collect. These individuals represent their organization and have insight and knowledge of their piece to the process that should be shared and documented. learn more. .

Co-Sourcing 40

Co-Sourcing Administrative Extended Teams Strategic Sourcing 40

SIG Speaks

DECEMBER 6, 2022

The Procurement Team must collaborate with the Legal Team and the Accounts Payable Team more than ever to make sure everything is set up correctly both in the supplier setup module and in the contract module to ensure that government requirements are correct on the supplier setup.

Government 40

Government Retail Banking Strategic Sourcing 40

Planergy Software

OCTOBER 18, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Creating your policy document is a crucial step in setting up a successful business travel program, as it will help ensure that all employees understand the expectations and guidelines related to their travels.

Finance 52

Finance Reduced Costs Management Risk Management 52

SIG Speaks

DECEMBER 15, 2022

I have engaged suppliers from sole-source, directed, competitive, non-competitive, and management sources. Each situation has been unique, but I have treated all suppliers with the same level of communication and collaboration. 02% discount for my company. learn more. .

Manufacturing 40

Manufacturing Sourcing Strategic Sourcing Engineering 40

Obobo

MARCH 23, 2023

Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing. Implement strategic sourcing by establishing a long-term plan that balances costs, risks, and benefits. – Use predictive analytics to forecast future demand and price trends.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

Planergy Software

OCTOBER 25, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Make sure you have a central place to store all project documents. If you’re working with a team, it’s also important to have a shared storage space where everyone can access the necessary documents.

Management 52

Management Out-Tasking Finance Software 52

Planergy Software

FEBRUARY 9, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Companies may also want to consider implementing a pre-trip authorization process, and requiring all expenses related to the trip to be documented in order due documentation for reimbursement purposes.

Finance 52

Finance Regulations Insurance Management 52

Planergy Software

DECEMBER 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Understanding School Budgets A school budget is more than just a financial document. It’s a strategic tool that maps out the allocation of resources over a specified period, typically a school year.

Finance 52

Finance Redistribution Government Administrative 52

Planergy Software

JULY 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. In response, the company introduced a new requirement that all potential suppliers provide documentation of their EST practices as part of its standard RFx (request for x) process. Download Free Copy. Written by.

Supply Chain Management 52

Supply Chain Management Sourcing Manufacturing Finance 52

Planergy Software

JANUARY 19, 2024

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. A vendor analysis report is a document that summarizes the findings of the vendor analysis process. How to gain visibility and control of your indirect spend. What is a Vendor Analysis Report?

Risk Management 52

Risk Management Risk Management Supply Chain Management Sourcing 52