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Days Inventory Outstanding: What Is It and How to Calculate It

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It’s easy to find out by calculating the Days Inventory Outstanding metric, a financial ratio designed to help both management and investors have a better understanding of how quickly inventory can be turned into sales.

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Catalog Management in Procurement: What Is It, Types of Catalogs, Challenges and Best Practices To Manage Them

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. For example, does it connect to your ERP, e-commerce platform, and inventory management system? Connecting your inventory management system allows it to update quantity information based on sales.

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How To Create Savings With Better Spend Management In Procurement

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. How To Create Savings With Better Spend Management In Procurement. All organizations, regardless of their size and type, should develop a spend management process. Download Free Copy.

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Supply Chain Decisions: Skills and Best Practices

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The strategic level addresses the big picture and general decisions. Source and Generate Data Of course, if you don’t have good data, to begin with, you won’t be able to leverage it to your advantage.

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Horizontal vs. Vertical Integration: A Comprehensive Guide

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Examples of Vertical Integration A well-known example of vertical integration is Apple’s decision to design and manufacture its chips in-house. How to gain visibility and control of your indirect spend.

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The Benefits of Localized Supply Chain

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. They designed templates for different location types, which serves as a comprise between making every store the same and making every store completely unique. How to gain visibility and control of your indirect spend.