Future of Sourcing

MARCH 21, 2023

Now as uncertainty is once again upon us, strategic sourcing teams and suppliers are on opposite sides, it has eroded the concept of having suppliers as your true “partners” and rendered the sourcing function as a more tactical operation.

Reduced Overhead 64

Reduced Overhead Strategic Sourcing Collaborations Government 64

Planergy Software

MAY 30, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. But by implementing T&E management best practices, you can make the process simpler and more efficient. This can help minimize the risk of non-compliance and reduce the likelihood of legal or financial penalties.

Management 52

Management Automation Finance Reduced Overhead 52

Planergy Software

FEBRUARY 10, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Centralized organizations, on the other hand, operate with a more efficient purchasing process by dedicating their own department, otherwise known as a procurement department. Download Free Copy. Written by.

Reduced Overhead 52

Reduced Overhead Finance Inventory Management Jobbing 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

MARCH 20, 2025

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Alumni networks can become a source of voluntary donations through periodic giving campaigns or larger capital contributions for specific projects. Energy efficiency is another increasingly important cost-saving measure.

Co-Sourcing 52

Co-Sourcing Reduced Overhead Finance Right-Sizing 52