SIG Speaks

JUNE 14, 2022

The hybrid procurement method combines a central procurement base with subject matter experts (SMEs) already in each department to balance stakeholders' functionalities and strategic sourcing, which gives the business the best of both worlds. . Participation and support to allow efficiency. Most important their expertise.

Strategic Sourcing 40

Strategic Sourcing Sourcing Banking Retail 40

SIG Speaks

OCTOBER 12, 2023

The rapid advancements in AI have notably impacted various business functions, including procurement and sourcing. Businesses and organizations continue to strive to enhance efficiency, reduce costs, and gain a competitive edge, and AI technologies have begun to revolutionize the procurement landscape.

Sourcing 40

Sourcing Strategic Sourcing Outsourcing Regulations 40

SIG Speaks

DECEMBER 21, 2023

Then, ensure a well-designed governance framework is built into the contract. Frameworks should be intentionally designed, contracted, and communicated to both suppliers and internal stakeholders. Distrust or a sense of exhaustion from the negotiation only delays and hinders value realization once the deal is in effect.

Management 40

Management Strategic Sourcing Government Sourcing 40

Future of Sourcing

MAY 11, 2023

“Keelvar Autonomous Sourcing solution extends our Sourcing Optimization platform, enabling businesses to make optimization available throughout the organization. Customers are turning to Keelvar to advance their strategic sourcing journey spanning logistics, packaging, direct materials, and indirect spends.

Sourcing 52

Sourcing Strategic Sourcing Automation Out-Tasking 52

SIG Speaks

JULY 14, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Stephanie Clark shares an excellent analysis of the category management process from a strategic lens and notes when a well-designed program is enabled, it is equally effective for direct and indirect spend and across spend categories.

Management 40

Management Strategic Sourcing Sourcing Design 40

Planergy Software

DECEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Website design and development. Best Practices for Your Marketing Procurement Process and Strategic Sourcing. Keeping Your Marketing Procurement Process Effective and Efficient Over Time. Written by.

Marketing 52

Marketing Strategic Sourcing Out-Tasking Sourcing 52

SIG Speaks

MARCH 10, 2023

Therefore, the question is, how can you compare a large base of vetted suppliers efficiently (Supplier Performance Management in Bulk)? Practitioners have created many tools and technologies to address the issues in identifying the correct supplier.

Strategic Sourcing 40

Strategic Sourcing Sourcing Sales Administrative 40

Planergy Software

MARCH 25, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It also aims to improve efficiency, monitor and control workflows, and maintain regulatory compliance. An optimized spend management process can result in 90%+ in operational efficiency savings. Download Free Copy.

Management 52

Management Strategic Sourcing Accounting Software 52

SIG Speaks

JUNE 13, 2023

Utilizing a RACI, or similar stakeholder mapping tool, to document one’s findings is crucial as it will be used for reference when designing the communication strategy. Most importantly, one must also understand the time constraints of each stakeholder. Carrying out a project without stakeholder buy-in is a key driver in project failure.

Management 40

Management Supply Chain Management Strategic Sourcing Out-Tasking 40

SIG Speaks

DECEMBER 13, 2022

This has further enabled us to know that few suppliers who were earlier in either Transactional or Approved Category have the potential to convert them further on Sourcing Continuum to preferred and Output/Outcome-based economic model. Cost modeling revealed that supplier A is L1. learn more. .

Co-Sourcing 40

Co-Sourcing Sourcing Strategic Sourcing Engineering 40

Planergy Software

JULY 14, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. P-cards are an efficient way of managing small and routine purchases without the need for paperwork and lengthy purchase approval processes. How to gain visibility and control of your indirect spend. How Do P-Cards Work?

Banking 52

Banking Labor Costs Strategic Sourcing Accounting 52

Planergy Software

OCTOBER 26, 2023

Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. What's Planergy? Modern Spend Management and Accounts Payable software. What Is Days Inventory Outstanding?

Inventory Management 52

Inventory Management Sales Manufacturing Finance 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.

Finance 45

Finance Strategic Sourcing Software Reduced Costs 45

Planergy Software

OCTOBER 18, 2023

Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This is where a well-designed corporate travel program comes into play. What's Planergy?

Finance 52

Finance Reduced Costs Management Risk Management 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. How to gain visibility and control of your indirect spend.

Management 52

Management Service Strategic Sourcing Supply Chain Management 52

Planergy Software

SEPTEMBER 20, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Time and Cost Efficiency Employees may better understand their travel requirements and preferences, which can result in quicker decision-making and efficient bookings. What Is Corporate Travel Management Software?

Management 52

Management Right-Sizing Software Finance 52

Planergy Software

SEPTEMBER 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Vertical Integration: By taking control of different stages of the production or distribution process, businesses can gain supply chain control, reduce costs, increase efficiency, and differentiate their products and services.

Manufacturing 52

Manufacturing E-Commerce Human Resources Marketing 52

Planergy Software

APRIL 25, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. And as everyone races to become as efficient as possible, inventory was at the lowest possible level, if it even existed at all, thanks to just-in-time processes. How to gain visibility and control of your indirect spend.

Finance 64

Finance Strategic Sourcing Government Management 64

Planergy Software

JANUARY 19, 2024

Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Efficiency: Evaluate how efficiently the vendor can deliver their products or services. What's Planergy?

Risk Management 52

Risk Management Risk Management Supply Chain Management Sourcing 52

Planergy Software

APRIL 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Strategic The strategic level is the top level of supply chain management. The strategic level addresses the big picture and general decisions. It’s not just efficient and effective decision-making that matters.

Supply Chain Management 52

Supply Chain Management Manufacturing Sourcing Management 52

Planergy Software

JANUARY 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. You can manage suppliers by breaking them down into different tiers more efficiently. Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. Download PDF.

Supply Chain Management 52

Supply Chain Management Regulations Manufacturing Finance 52

Planergy Software

NOVEMBER 1, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. PSPs benefit buyers because they can lead to reduced costs, improved quality and service levels, and increased procurement efficiency. How to gain visibility and control of your indirect spend. Download Free Copy.

Reduced Costs 52

Reduced Costs Finance Accounting Strategic Sourcing 52

Planergy Software

OCTOBER 13, 2023

Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. What's Planergy? Modern Spend Management and Accounts Payable software. Is GAG Pooling the Way to Go?

Finance 52

Finance Government Redistribution Flexibility 52

Planergy Software

JANUARY 18, 2024

Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. What's Planergy? Modern Spend Management and Accounts Payable software.

Management 52

Management Inventory Management Regulations E-Commerce 52

Planergy Software

OCTOBER 4, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Another advantage of big data analytics is that it can help organizations reduce costs and improve efficiency. They can also figure out how to create those products in the most efficient way possible. Written by.

Analytics 52

Analytics Out-Tasking Right-Sizing Sourcing 52

Planergy Software

SEPTEMBER 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Fuel costs are essential for vehicle operation and depend on fuel efficiency and driving habits. Examples include project management tools, graphic design software, and social media scheduling platforms.

Finance 52

Finance Insurance Software Management 52

Planergy Software

JULY 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Strong and sturdy credentials drive down costs by as much as 10% since these companies are focusing on operational efficiency and waste reduction. How to gain visibility and control of your indirect spend. Download Free Copy.

Supply Chain Management 52

Supply Chain Management Sourcing Manufacturing Finance 52

Planergy Software

JANUARY 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. When a company achieves a resilient supply chain, they ultimately have more efficient operations, improve productivity, and greater risk reduction. How to gain visibility and control of your indirect spend. Written by.

Supply Chain Management 52

Supply Chain Management Manufacturing Sourcing Retail 52

Planergy Software

FEBRUARY 9, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It’s efficient and cost-effective to have a predetermined budget for each employee that adheres to the company’s financial regulations – this ensures employee reimbursements are issued following company standards.

Finance 52

Finance Regulations Insurance Management 52

Planergy Software

MARCH 10, 2025

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Without the right systems and practices, this information can quickly become overwhelming or compromise operational efficiency. Budget planning also becomes more efficient with accurate data at hand.

Management 52

Management Administrative Facilities Management Payroll 52