SIG Speaks

AUGUST 31, 2023

This essay will explore aspects such as supplier collaboration, transparency, risk, technological adoption, and sustainability. Typically, this involves identifying the needs of the organization or team, selecting the suppliers, negotiating the contracts, and managing the relationships.

Collaborations 40

Collaborations Strategic Sourcing Sourcing Efficiency 40

SIG Speaks

OCTOBER 19, 2023

Executive presentations are a valuable platform to highlight the outcomes of strategic sourcing initiatives and cost-saving measures. As an example, during Covid, it was critical to relay the ongoing issues and risks with the supply chain.

Strategic Sourcing 40

Strategic Sourcing Sourcing Manufacturing Risk Management 40

Everest Group

OCTOBER 14, 2021

The CIO’s office consists of the visionaries who are willing to take high risks of trying something new and are the least process-sensitive of all business units. Often, IT category managers end up closely collaborating with their functional leads, and certain organizations centralize procurement departments in IT.

Sourcing 52

Sourcing Cybersecurity Right-Sizing Risk Management 52

Planergy Software

OCTOBER 18, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. A well-designed corporate travel program prioritizes employee safety by vetting travel suppliers, providing travel risk management resources, and offering 24/7 support for travelers in case of emergencies.

Finance 52

Finance Reduced Costs Management Risk Management 52

Obobo

JULY 1, 2022

Can Source To Pay (S2P) Help Accounts Payable (AP)? S2P or purchase-to-pay solutions can be integrated with online sourcing software, procurement software, and AP automation software to work seamlessly together with an ERP system. The post What Is Source-To-Pay (S2P)? Source-To-Pay Vs Procure-To-Pay appeared first on Oboloo.

Sourcing 52

Sourcing Accounting Software Automation 52

Planergy Software

JANUARY 19, 2024

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Vendor analysis is crucial for risk management. This cross-functional collaborative approach can lead to better project outcomes, increased stakeholder satisfaction, and stronger vendor relationships.

Risk Management 52

Risk Management Risk Management Supply Chain Management Sourcing 52

Obobo

MARCH 23, 2023

Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing. Overall, these 11 cost reduction strategies in procurement demonstrate that companies can significantly reduce costs and maintain profitability with the right procurement management practices.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

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 52

Manufacturing E-Commerce Human Resources Marketing 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. By adopting best practices such as spend analysis, supplier management, and e-procurement , companies can save money and increase efficiency. What is Procurement?

Finance 45

Finance Strategic Sourcing Software Reduced Costs 45

Planergy Software

APRIL 19, 2022

On the surface, aligning with operations makes sense, since procurement involves strategic sourcing of everything from the materials, and equipment needed to operate the business, to contract management. But in a larger sense, the entire operations department must tie back to finance to operate properly.

Finance 52

Finance Accounting Out-Tasking Manufacturing 52

Planergy Software

MARCH 24, 2022

They also include performance expectations, data breach management details, compliance requirements, and corresponding penalties for failure to operate within those confines. Your contract should also include information-sharing expectations so that you can effectively work collaboratively with your vendors.

Management 52

Management Insurance Supply Chain Management Right-Sizing 52

Planergy Software

DECEMBER 16, 2024

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend.

Finance 52

Finance Automation Reduced Costs Management 52