Everest Group

OCTOBER 14, 2021

Often, IT category managers end up closely collaborating with their functional leads, and certain organizations centralize procurement departments in IT. Procurement should confidently bring in their expertise from strategic sourcing and spend analysis to contracting, benchmarking, and spend management to deliver value within IT.

Sourcing 130

Sourcing Cybersecurity Right-Sizing Risk Management 130

Planergy Software

DECEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Marketing Procurement: Challenges and Best Practices. Procurement leaders often underestimate the importance of marketing procurement. What is Marketing Procurement? Download Free Copy. Written by. Rob Biedron.

Marketing 52

Marketing Strategic Sourcing Out-Tasking Sourcing 52

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. Taking a collaborative approach to supplier relationship management can help improve cash flow.

Finance 97

Finance Collaborations Flexibility Robotics Process Automation 97

IBM Services

JANUARY 16, 2024

A finely tuned product development strategy is a holistic, cross-collaborative endeavor with the capacity to help any organization weather unforeseen events or market changes. With new markets and functionalities appearing almost overnight, product development can’t be a blind process.

Engineering 80

Engineering Manufacturing Collaborations Research 80

Perficient Digital Transformation

NOVEMBER 8, 2021

Or, maybe you’ve been in the market for a new car, but every dealer you’ve spoken with says you’d have to place a special order to get your desired make or model, and that even after doing so, your new ride could take months to arrive? Companies should prioritize collaborative planning. Strategic sourcing and spend control.

Supply Chain Management 69

Supply Chain Management E-Commerce Manufacturing Strategic Sourcing 69

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 59

Strategic Sourcing Sourcing Reduced Costs Supply Chain Management 59

IBM Services

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. Engage stakeholders Identify and collaborate with internal departments, suppliers and all those who may be impacted by the plan.

Sourcing 70

Sourcing Administrative Collaborations Strategic Sourcing 70

Future of Sourcing

MARCH 21, 2023

As AArete prepares to attend the upcoming SIG Technology Summit , April 16-19 in Amelia Island, Florida I wanted you to consider the volatile commodity market and economic environment of the past few years that has pitted suppliers and companies against each other. Share your strategy.

Reduced Overhead 64

Reduced Overhead Strategic Sourcing Collaborations Government 64

Planergy Software

SEPTEMBER 5, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. These insights are essential for making strategic decisions, such as expanding into new markets, launching new products, or acquiring other businesses. How to gain visibility and control of your indirect spend.

Finance 92

Finance Software Accounting Management 92

Future of Sourcing

MAY 9, 2023

A recent study by Mckinsey shows that in addition to regaining profitability and finding methods to conserve cash, businesses must also struggle with shifting dynamics in the supply market, evolving workplace practices, variable demand, and de-risking their supply chains to make them less susceptible to disruption.

Sourcing 52

Sourcing Collaborations Analytics Strategic Sourcing 52

SIG Speaks

DECEMBER 1, 2022

Join us for this collaborative and very personal conversation! How to Source Smartly in Times of Inflation. Join Coupa Software experts Ayush Sharma and Dr. Jeffery Collins on the challenges of sourcing in the current inflationary environment—and what's coming in 2023! Sourcing Industry Landscape Podcast.

Strategic Sourcing 40

Strategic Sourcing Sourcing Collaborations Sales 40

SIG Speaks

DECEMBER 13, 2022

ProcureAbility predicts that by 2030, strategic sourcing will take no longer than two weeks, thanks to cognitive computing. There is expected to be more collaboration with cybersecurity firms during and following an RFx. Also, they predict that over 90% of sourcing will be done by either contractors or automation.

Cybersecurity 40

Cybersecurity Strategic Sourcing Sourcing Research 40

Obobo

JUNE 15, 2022

How will using eSourcing , as well as eRFx ultimately help business owners make more informed decisions when it comes to their strategic sourcing initiatives? RFx brings together RFIs , RFPs and RFQs , and is, therefore, an acronym that is used more frequently in strategic sourcing and procurement. .

Strategic Sourcing 52

Strategic Sourcing Sourcing Software Streamline Operations 52

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. This can lead to longer lead times and increased costs, making it difficult for them to remain competitive in the market.

Strategic Sourcing 52

Strategic Sourcing Reduced Costs Sourcing Supply Chain Management 52

SIG Speaks

JANUARY 13, 2023

Sourcing will succeed if it has executive leadership support, collaboration with stakeholders, robust control of spending and policies, automation, and an approach clearly defined for categories. Sourcing involves four significant steps Assess , Analyze , Execute and Evaluate. . learn more. . Pune, India).

Sourcing 40

Sourcing Strategic Sourcing Impact Sourcing Government 40

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? Your company’s fortune can fluctuate year-over-year, and new suppliers hit the market all the time. Download Free Copy.

Strategic Sourcing 52

Strategic Sourcing Supply Chain Management Collaborations Finance 52

SIG Speaks

OCTOBER 12, 2023

An article by Forbes titled “Smart Sourcing: AI Can Amplify CPO-Led Human Intelligence” noted the idea of ‘Smart Sourcing’ which starts with tackling a huge volume of relevant data associated with every individual purchase. She specializes in category management, strategic sourcing and procurement policies and procedures.

Sourcing 40

Sourcing Strategic Sourcing Outsourcing Regulations 40

SIG Speaks

JULY 1, 2022

Join us for this collaborative and very personal conversation! Join experts from Workday Strategic Sourcing as they outline how to enable an efficient and collaborative approach to procurement, take control of your spend, simplify contract management, and improve relationships with suppliers. register now. . .

Strategic Sourcing 40

Strategic Sourcing Sourcing Research Collaborations 40

SIG Speaks

MAY 16, 2023

Therefore, these individuals are company employees who manage contractors brought onsite for specific functions. A crowdsourcing organization could be the solution to this highly competitive labor market. A crowdsourcing organization of engineers and operators could be used to facilitate plant outage and capital expenditure projects.

Sourcing 40

Sourcing Strategic Sourcing Engineering Regulations 40

SIG Speaks

MAY 10, 2022

As a Procurement Category Manager, I oversee the Marketing, Sales, Human Resources, and Facilities Operations categories of spend. The most considerable spend comes from Marketing. I never had an explicit exclusion (that I know of) from my other types in a sourcing event due to this. Stakeholder Ranking. learn more. .

Management 40

Management Third Party Contracting Strategic Sourcing Human Resources 40

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.

Automation 40

Automation Strategic Sourcing Government Sourcing 40

SIG Speaks

AUGUST 31, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Andy Perkins highlights the key foundation for driving excellence between supplier and client in the new market we live in. This essay will explore aspects such as supplier collaboration, transparency, risk, technological adoption, and sustainability.

Collaborations 40

Collaborations Strategic Sourcing Sourcing Efficiency 40

Planergy Software

SEPTEMBER 6, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. By focusing on long-term priorities and investments, strategic budgeting helps organizations make informed decisions about resource allocation and adapt to changing market conditions.

Right-Sizing 52

Right-Sizing Finance Collaborations Accounting 52

Planergy Software

JULY 21, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It involves procuring services from outside sources and managing the relationship with supplier or service provider. Marketing procurement is a common case where services procurement is required.

Management 52

Management Service Strategic Sourcing Supply Chain Management 52

Planergy Software

SEPTEMBER 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This approach allows businesses to grow their market power, diversify their product offerings, and achieve economies of scale. How to gain visibility and control of your indirect spend.

Manufacturing 52

Manufacturing E-Commerce Human Resources Marketing 52

SIG Speaks

OCTOBER 19, 2023

Through these presentations, procurement professionals can articulate their understanding of the business landscape, market dynamics, and potential risks and opportunities. Executive presentations are a valuable platform to highlight the outcomes of strategic sourcing initiatives and cost-saving measures.

Strategic Sourcing 40

Strategic Sourcing Sourcing Manufacturing Risk Management 40

SIG Speaks

JULY 14, 2023

The idea is that tactical items require a lower management level, while strategic activities are meant to build collaborations and drive constant improvement and value across the category.

Management 40

Management Strategic Sourcing Sourcing Design 40

Obobo

AUGUST 2, 2022

Consider risk factors, diverse requirements, and the dynamic nature of your market. Ensure that your contract includes information-sharing expectations so that you and your suppliers can work collaboratively. A successful supplier management program goes beyond strategic sourcing. Assess And Monitor Supplier Performance.

Management 64

Management Right-Sizing Supply Chain Management Strategic Sourcing 64

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.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

SIG Speaks

DECEMBER 6, 2022

Governance is essential as it determines the value that Procurement can provide to the business, whether saving money, avoiding risks, or achieving broader business objectives such as innovation or time-to-market improvements. Critical to any department’s success is balancing real-world challenges with your Governance program. .

Government 40

Government Retail Banking Strategic Sourcing 40

Planergy Software

DECEMBER 25, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This process involves analyzing historical data, understanding market trends, and making informed assumptions about future performance. How to gain visibility and control of your indirect spend.

Finance 52

Finance Software Automation Analytics 52

Obobo

MARCH 21, 2023

Procurement savings refer to the cost reductions that are achieved by a company when it purchases goods and services through a strategic sourcing process. key Takeaway: Procurement savings are the cost reductions achieved by a company when purchasing goods and services through strategic sourcing. What is Procurement?

Finance 45

Finance Strategic Sourcing Software Reduced Costs 45

Obobo

JULY 1, 2022

In order to implement such a sourcing strategy , companies can use software platforms that can handle historical spending data, market trends, and business objectives. RFI Process RFP Process RFX Definition Strategic Sourcing Guide eSourcing Software Is eSourcing Software Right For My Organisation?

Sourcing 52

Sourcing Accounting Software Automation 52

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 40

Co-Sourcing Supply Chain Management Sourcing Banking 40

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. How to gain visibility and control of your indirect spend. Download Free Copy.

Supply Chain Management 52

Supply Chain Management Strategic Sourcing Sourcing Finance 52

Obobo

MARCH 30, 2023

Benchmarking: This method compares the purchase price with the market price to determine the difference. Procurement cost savings refer to the savings achieved through strategic sourcing , negotiation, and reducing excess spending in procurement. By collaborating with them, you can identify opportunities for cost savings.

Analytics 40

Analytics Reduced Costs Software Strategic Sourcing 40

Obobo

AUGUST 16, 2022

Consider risk factors, diverse requirements, and the dynamic nature of your market. Ensure that your contract includes information-sharing expectations so that you and your suppliers can work collaboratively. A successful supplier management program goes beyond strategic sourcing. Assess And Monitor Supplier Performance.

Management 52

Management Right-Sizing Supply Chain Management Strategic Sourcing 52