Remove Collaborations Remove Flexibility Remove Strategic Sourcing
article thumbnail

What Is Strategic Sourcing? – Definition

Obobo

What Is Strategic Sourcing? In the context of digital transformation, procurement and supply chain processes are evolving as a result of strategic sourcing, and the trend is poised to continue. This is what differentiates strategic sourcing from conventional purchasing. . How Does Strategic Sourcing Work?

article thumbnail

What Is Strategic Sourcing? – Definition

Obobo

What Is Strategic Sourcing? In the context of digital transformation, procurement and supply chain processes are evolving as a result of strategic sourcing, and the trend is poised to continue. This is what differentiates strategic sourcing from conventional purchasing. . How Does Strategic Sourcing Work?

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What are the Benefits of a Strategic Sourcing Software?

Obobo

What are the Benefits of a Strategic Sourcing Software? Strategic sourcing is a process that involves evaluating and negotiating with suppliers to ensure the best price, quality, and delivery of goods. What is Strategic Sourcing Software? There are many benefits of using strategic sourcing software.

article thumbnail

Is the Request for Proposal in Procurement Dead?

Everest Group

Alternatives are emerging that deliver greater flexibility and agility, leading to more innovative solutions. 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.

article thumbnail

Diverse Revenue Streams for Schools: Boost Financial Sustainability

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Its also ideal for families that need the freedom and flexibility virtual school offers. How to gain visibility and control of your indirect spend. How to report and analyze indirect spend to identify savings opportunities.

Finance 52
article thumbnail

CFO Challenges and Priorities in 2021 And Beyond

Planergy Software

In a business climate radically altered by both digital transformation and major disruptors such as the COVID-19 novel coronavirus pandemic, companies who want to compete, grow, and innovate effectively need both flexibility and resilience. Taking a collaborative approach to supplier relationship management can help improve cash flow.

Finance 97
article thumbnail

How to build a successful procurement strategy

IBM Services

It can nurture collaborative partnerships with suppliers and integrate ethical and environmental (green purchasing) considerations into the sourcing strategy. Engage stakeholders Identify and collaborate with internal departments, suppliers and all those who may be impacted by the plan. Be flexible.