Collaborations, Finance and Strategic Sourcing

Why Finance Leaders Should Care About Procurement and Finance Alignment

Planergy Software

APRIL 19, 2022

Why Finance Leaders Should Care About Procurement and Finance Alignment. Why Finance Leaders Need to Care About Procurement In most companies, finance and procurement have operated separately, with the two departments working in tandem only when necessary. Operations or Finance? Download Free Copy. Written by.

Finance

Finance Accounting Out-Tasking Manufacturing

CFO Challenges and Priorities in 2021 And Beyond

Planergy Software

SEPTEMBER 24, 2021

Securing competitive advantage means mastering emerging technologies and developing strategies that incorporate risk management, data-driven decision making, and a collaborative, agile approach. In the past, the CFO served largely as a finance chief. They don’t just lead the finance team or spearhead initiatives to reduce costs.

Finance

Finance Collaborations Robotics Process Automation Flexibility

How Procurement Has Bridged The Gap With Finance

SIG Speaks

APRIL 14, 2022

Be sure to note his dual finance and procurement role. Based on his expertise – which includes an MBA in Finance from the world’s oldest and most prestigious business school, Rudzki identified the five critical finance terms every purchaser should know. Of course, recognizing the need to collaborate is not enough.

Finance

Finance Co-Sourcing Sourcing Strategic Sourcing

Eight Ways to Boost Supplier Contract Management in Mexico

Intugo

NOVEMBER 22, 2023

As globally active companies need more and more suppliers to keep the business running smoothly, strategic sourcing and sourcing managers in Mexico face the challenge of effectively organizing and managing supplier contracts. Partners such as finance, legal, and technology teams are often used late in the contracting process.

Strategic Sourcing

Strategic Sourcing Management Sourcing Collaborations

Budgeting Process: Steps and Best Practices for Planning a Budget

Planergy Software

SEPTEMBER 5, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This can provide peace of mind that your business’ finances are well-managed and help enable more informed decision making, and easier financial reporting. How to gain visibility and control of your indirect spend.

Finance

Finance Software Accounting Management

How Strategic Procurement Can Give You a Competitive Advantage

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. You can do it by negotiating favorable terms and promoting collaboration with cross-functional teams.

Strategic Sourcing

Strategic Sourcing Sourcing Reduced Costs Supply Chain Management

The Future of FP&A: How The Role Is Evolving With The Use Of Real-Time Data

Planergy Software

DECEMBER 25, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Understanding FP&A It’s a role within the finance department that involves budgeting, forecasting, and analyzing a company’s financial reports and metrics. How to gain visibility and control of your indirect spend.

Finance

Finance Software Automation Analytics

Everything you need to know about Procurement savings

Obobo

MARCH 21, 2023

Procurement and Finance teams are no different – they’re passionate about cutting costs and creating value for the company. We’ll cover the different types of savings, and provide concrete advice on how to identify those opportunities using the best practices of both Procurement and Finance departments. Table Of Content.

Finance

Finance Strategic Sourcing Software Reduced Costs

Using Supplier Segmentation To Maximize Supplier Relationships

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? Learn best practices for purchasing, finance, and more. Download Free Copy. Written by. Rob Biedron. 14 min read. Download PDF.

Strategic Sourcing

Strategic Sourcing Supply Chain Management Collaborations Finance

Supplier Consolidation: What It Is, Benefits, and Risks

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. Learn best practices for purchasing, finance, and more. How to report and analyze indirect spend to identify savings opportunities.

Strategic Sourcing

Strategic Sourcing Reduced Costs Sourcing Supply Chain Management

How Best-in-Class Procurement Teams Conduct Sourcing During a Crisis

Future of Sourcing

MAY 9, 2023

Conducting Sourcing During a Crisis Following strategies are adopted by best-in-class procurement teams that help them navigate through the uncertainties faced during a calamity: 1. Investing in Collaborative Sourcing Every procurement expert stresses the importance of collaboration.

Sourcing

Sourcing Collaborations Analytics Strategic Sourcing

Thoughts on Crowd Sourcing

SIG Speaks

MAY 16, 2023

Instead of wasting 30 minutes chasing down an RMA for a 20-dollar pair of gloves, I could collaborate with my internal customers on the essential components we need to purchase for the plant. Anyone can write a simple PO for inventory consumables without even being on-site to see the products they are purchasing.

Sourcing

Sourcing Strategic Sourcing Engineering Regulations

Driving Automation and Change in Enterprises

SIG Speaks

NOVEMBER 30, 2023

Utilizing the same documents and tools through the enterprise that are easily modified to new and emerging automation projects, regardless of business unit, will encourage greater collaboration, acceptance, and overall adoption. Samantha earned a degree in Finance from Lewis University in 2017.

Automation

Automation Strategic Sourcing Government Sourcing

Discretionary Expenses: What Are They, Examples, and How To Control Them In Business

Planergy Software

SEPTEMBER 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. When finances are tight these will be the costs that you can cut when tightening your belt. Car payments are a necessary expense if you have financed the purchase of a vehicle through a loan.

Finance

Finance Insurance Software Management

Strategic Budgeting: What Is It, Process, and Best Practices

Planergy Software

SEPTEMBER 6, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Inaccurate projections can lead to poor decision-making and resource allocation, ultimately undermining the effectiveness of the strategic budget. This involves other departments collaborating effectively with finance.

Right-Sizing

Right-Sizing Finance Collaborations Accounting

The Art of Establishing Trust

SIG Speaks

MARCH 30, 2023

On week eight (8) of my Certified Sourcing Professional (CSP) Program, I was introduced to the What’s In It For We mindset. The WIIFWe attitude represents a collaborative ideology, whereas all parties in a negotiation share risk and benefit. Trust has benefits in a sourcing environment. That, my friends, is trust.

Co-Sourcing

Co-Sourcing Supply Chain Management Sourcing Banking

Is the Request for Proposal in Procurement Dead?

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. Most procurement and sourcing teams know the traditional RFP process has its restrictions, so why is it still being used?

Outsourcing

Outsourcing Sourcing Strategic Sourcing Flexibility

Corporate Travel Program: How To Create a Program for Employer and Employee Needs

Planergy Software

OCTOBER 18, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. These connections can lead to new partnerships, collaborations, and business opportunities that drive growth and innovation. How to gain visibility and control of your indirect spend. download a free copy of our guide 3.

Finance

Finance Reduced Costs Management Risk Management

Services Procurement: What Is It and How To Manage It

Planergy Software

JULY 21, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Whether you work with a small business or enterprise-level partner, strategic sourcing is key because you want to keep stakeholders happy. How to gain visibility and control of your indirect spend.

Management

Management Service Strategic Sourcing Supply Chain Management

Marketing Procurement: Challenges and Best Practices

Planergy Software

DECEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Best Practices for Your Marketing Procurement Process and Strategic Sourcing. Learn best practices for purchasing, finance, and more. How to gain visibility and control of your indirect spend. Written by.

Marketing

Marketing Strategic Sourcing Out-Tasking Sourcing

RFI, RFP, RFQ, ROI, RFT: What’s the Difference?

Planergy Software

OCTOBER 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. RFIs can also help buyers identify potential suppliers and compare them against each other, which is crucial for strategic sourcing. Learn best practices for purchasing, finance, and more. Download Free Copy.

Supply Chain Management

Supply Chain Management Strategic Sourcing Sourcing Finance

Successful Governance in Procurement

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

Government Retail Banking Strategic Sourcing

Travel and Expense Policy: What Is It, Example Template, and Best Practices

Planergy Software

FEBRUARY 9, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Put Finance and HR to Work Together To start crafting a T&E policy for your organization, arrange a meeting with both finance and human resources. Collaboration and cooperation between these two teams are crucial.

Finance

Finance Regulations Insurance Management

Horizontal vs. Vertical Integration: A Comprehensive Guide

Planergy Software

SEPTEMBER 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Ultimately, the strategic collaboration between Disney and Pixar resulted in a powerful synergy that strengthened both companies’ positions in the animation market and created memorable content for audiences globally.

Manufacturing

Manufacturing E-Commerce Human Resources Marketing

Budgeting In UK Schools: MAT, Academy Budgeting Challenges and Best Practices

Planergy Software

DECEMBER 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This step requires collaboration and consensus-building among stakeholders, including school administrators, headteachers, and the local authority. How to gain visibility and control of your indirect spend.

Finance

Finance Redistribution Government Administrative

Supply Chain Decisions: Skills and Best Practices

Planergy Software

APRIL 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Facilitate Collaboration from Outside Elements All your internal team members are valuable, they aren’t the only piece of the puzzle. Learn best practices for purchasing, finance, and more. Download Free Copy.

Supply Chain Management

Supply Chain Management Manufacturing Sourcing Accounting

Supplier Tiers: What’s The Difference Between Tier 1, Tier 2, and Tier 3

Planergy Software

JANUARY 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This process also helps create transparency within the supply chain so that everyone involved knows what’s going on at all times, leading to better communication and collaboration between all parties involved.

Supply Chain Management

Supply Chain Management Regulations Manufacturing Finance

ESG In Supply Chain: Creating a Sustainable Value Chain

Planergy Software

JULY 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. For example, consider collaborating with value chain partners to reduce carbon emissions in the intensive areas of your supply chain. Learn best practices for purchasing, finance, and more. Download Free Copy.

Supply Chain Management

Supply Chain Management Sourcing Manufacturing Finance

Supplier Management Best Practices

Planergy Software

MARCH 24, 2022

Your contract should also include information-sharing expectations so that you can effectively work collaboratively with your vendors. We’ve helped save billions of dollars for our clients through better spend management, process automation in purchasing and finance, and reducing financial risks. download a free copy of our guide.

Management

Management Insurance Supply Chain Management Right-Sizing

7 Tips For Managing Project Budgets Successfully

Planergy Software

OCTOBER 25, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Doing so will not only help you stay on top of your finances, but it will also make it easier to spot any potential problem areas. Learn best practices for purchasing, finance, and more. Download Free Copy. Written by.

Management

Management Out-Tasking Finance Software

Vendor Analysis: What Is It, Process, Types, and Best Practices

Planergy Software

JANUARY 19, 2024

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This cross-functional collaborative approach can lead to better project outcomes, increased stakeholder satisfaction, and stronger vendor relationships. How to gain visibility and control of your indirect spend.

Risk Management

Risk Management Risk Management Supply Chain Management Sourcing

Procurement Cost Savings – Measure, report and increase cost savings

Obobo

MARCH 30, 2023

Procurement cost savings refer to the savings achieved through strategic sourcing , negotiation, and reducing excess spending in procurement. The ability to collaborate and communicate regularly with suppliers can lead to better relationships, efficiencies, and increased innovation. How Can Companies Measure Cost Savings?

Analytics

Analytics Reduced Costs Strategic Sourcing Software

Category Management Playbook and Category Strategy Planning

SIG Speaks

OCTOBER 26, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Prateek Jindal describes how the course helped him and his team increase value from improving their strategic sourcing strategies on down through your category playbook. Supplier Performance Management (SPM): The course (a reference to lesson 2.4)

Management

Management Strategic Sourcing Facilities Management Sourcing

Machine Learning in Finance: What Is It, How It Works, and the Best Use Cases

Planergy Software

DECEMBER 16, 2024

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. You dont have to be a professional data analyst to reap the benefits of machine learning in finance. Personal Finance Management One area where machine learning also can be very helpful is personal finance management.

Finance

Finance Automation Reduced Costs Management

Multi-Academy Trust (MAT): What Is It and How Can Schools Benefit?

Planergy Software

DECEMBER 11, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The schools within a MAT often share common values and ethos, fostering a collaborative environment to improve educational outcomes for all students within the trust. How to gain visibility and control of your indirect spend.

Government

Government Collaborations Finance Accounting

Global Sourcing Brief

Why Finance Leaders Should Care About Procurement and Finance Alignment

CFO Challenges and Priorities in 2021 And Beyond

Trending Sources

How Procurement Has Bridged The Gap With Finance

Eight Ways to Boost Supplier Contract Management in Mexico

Budgeting Process: Steps and Best Practices for Planning a Budget

How Strategic Procurement Can Give You a Competitive Advantage

The Future of FP&A: How The Role Is Evolving With The Use Of Real-Time Data

Everything you need to know about Procurement savings

Using Supplier Segmentation To Maximize Supplier Relationships

Supplier Consolidation: What It Is, Benefits, and Risks

How Best-in-Class Procurement Teams Conduct Sourcing During a Crisis

Thoughts on Crowd Sourcing

Driving Automation and Change in Enterprises

Discretionary Expenses: What Are They, Examples, and How To Control Them In Business

Strategic Budgeting: What Is It, Process, and Best Practices

The Art of Establishing Trust

Is the Request for Proposal in Procurement Dead?

Corporate Travel Program: How To Create a Program for Employer and Employee Needs

Services Procurement: What Is It and How To Manage It

Marketing Procurement: Challenges and Best Practices

RFI, RFP, RFQ, ROI, RFT: What’s the Difference?

Successful Governance in Procurement

Travel and Expense Policy: What Is It, Example Template, and Best Practices

Horizontal vs. Vertical Integration: A Comprehensive Guide

Budgeting In UK Schools: MAT, Academy Budgeting Challenges and Best Practices

Supply Chain Decisions: Skills and Best Practices

Supplier Tiers: What’s The Difference Between Tier 1, Tier 2, and Tier 3

ESG In Supply Chain: Creating a Sustainable Value Chain

Supplier Management Best Practices

7 Tips For Managing Project Budgets Successfully

Vendor Analysis: What Is It, Process, Types, and Best Practices

Procurement Cost Savings – Measure, report and increase cost savings

Category Management Playbook and Category Strategy Planning

Machine Learning in Finance: What Is It, How It Works, and the Best Use Cases

Multi-Academy Trust (MAT): What Is It and How Can Schools Benefit?

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