Ivemsa

SEPTEMBER 28, 2022

Sourcing quality suppliers is essential to a production’s efficiency and overall success. Implementing strategic sourcing is a way to add long-term value and continually optimize manufacturing processes. Nearshoring to Mexico offers manufacturers competitive advantages in terms of strategic sourcing.

Strategic Sourcing 52

Strategic Sourcing Nearshoring Sourcing Manufacturing 52

Perficient Digital Transformation

OCTOBER 14, 2024

In today’s fast-paced business environment, efficient procurement processes are essential for maintaining a competitive edge. Organizations must manage a myriad of products and services, ensuring that they are sourced, purchased, and delivered efficiently.

Pharmaceuticals 52

Pharmaceuticals Manufacturing Strategic Sourcing Sourcing 52

IBM Services

FEBRUARY 28, 2024

Sourcing is getting smarter. To start, many organizations have already pivoted from a tactical to a strategic sourcing mindset—which can make all the difference when it comes to gaining and retaining a competitive advantage. But now, the benefits of strategic sourcing are becoming even more attainable thanks to innovation.

Sourcing 102

Sourcing Supply Chain Management Strategic Sourcing Automation 102

Sourcing Advisors Group

OCTOBER 27, 2020

The growing approved supplier base and decreasing supplier visibility will further deteriorate what is already a bleak performance of most Strategic Sourcing teams. In fact, most firms generate no Strategic Sourcing bottom-line results, as Vendor Spending is increasing as fast, or faster, than Revenue growth.

Risk Management 52

Risk Management Risk Management Efficiency Strategic Sourcing 52

Perficient Digital Transformation

SEPTEMBER 4, 2024

As Oracle customers look to reap the benefits of their investment in Oracle, many organizations will seek the expertise of Oracle services providers to guide them on their cloud journey. Perficient was listed among small providers in this space with $10 to <$100 million in annual Oracle services revenue.

Supply Chain Management 52

Supply Chain Management Service Strategic Sourcing Manufacturing 52

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. When your process is efficient, your organization has economies of scale. Download Free Copy. Written by.

Strategic Sourcing 59

Strategic Sourcing Sourcing Reduced Costs Supply Chain Management 59

Planergy Software

JULY 21, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. What Is The Difference Between Goods and Services Procurement? What Is The Difference Between Goods and Services Procurement? What is Services Procurement?

Management 52

Management Service Strategic Sourcing Supply Chain Management 52

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. A procurement strategy is not merely a series of steps for acquiring goods and services. What is a procurement strategy?

Sourcing 70

Sourcing Administrative Collaborations Strategic Sourcing 70

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. Supplier consolidation is the process of reducing the number of suppliers you use for a given product or service. Written by.

Strategic Sourcing 52

Strategic Sourcing Reduced Costs Sourcing Supply Chain Management 52

SIG Speaks

JUNE 20, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Thomas Cooper describes how with the increasing pressures on supply chains and sourcing organizations lately, efficiency and effectiveness cannot be understated in an organization. For instance, if you take apart a car, you lose the ability to drive.

Sourcing 40

Sourcing Strategic Sourcing Impact Sourcing Engineering 40

Obobo

JUNE 15, 2022

By saving time and money, these software systems help companies be more efficient. How will using eSourcing , as well as eRFx ultimately help business owners make more informed decisions when it comes to their strategic sourcing initiatives? What is RFI (Request For Information)?

Strategic Sourcing 52

Strategic Sourcing Sourcing Software Streamline Operations 52

Obobo

DECEMBER 17, 2021

As well as repairs, training, and other services, companies sometimes require a wide range of services to maintain them. In light of the ongoing effects of the pandemic, it is essential that businesses keep track of all cost reduction initiatives and strategic sourcing in order to survive harsh economic declines.

Strategic Sourcing 52

Strategic Sourcing Finance Software Out-Tasking 52

Future of Sourcing

JULY 28, 2023

Innovations in Sustainability Dräeger – Using Smart Processes to Create Resilient Supply Chains SAP / DSM - Firmenich – How Royal DSM and SAP Digitalized Global Procurement Processes for Strategic Source-to-Pay Capabilities and Sustainability Safety Projects International, Inc.

Facilities Management 52

Facilities Management Robotics Process Automation Retail Strategic Sourcing 52

Obobo

JULY 1, 2022

An S2P is a sourcing and procurement process in which suppliers are sought out, negotiated with, signed up for, and eventually paid for their products or services. This in turn results in the payment of those products or services. Technologies available today could automate more than half of the source-to-pay process.

Sourcing 52

Sourcing Accounting Software Automation 52

Planergy Software

DECEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Marketing procurement is identifying, selecting, and contracting with marketing services providers. Consulting and creative services. How to gain visibility and control of your indirect spend. Download Free Copy.

Marketing 52

Marketing Strategic Sourcing Out-Tasking Sourcing 52

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

Planergy Software

MARCH 2, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. In this blog post, we’ll cover what tail spend analysis is, its benefits, how to develop a plan for it, how to analyze data and trends, and how to best leverage tail spend analysis to improve efficiency.

Strategic Sourcing 52

Strategic Sourcing Reduced Costs Sourcing Efficiency 52

Obobo

AUGUST 2, 2022

You should define your scope of work (SOW) or service-level agreement (SLA) outside your boilerplate policy document. The contract should also contain clear payment terms that describe the cost of services and products, the payment schedules, and any late payment penalties. Identify your strategic suppliers, goods, and services.

Management 64

Management Right-Sizing Supply Chain Management Strategic Sourcing 64

Planergy Software

AUGUST 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It’s often tedious for many companies, as procurement involves identifying the right supplier and ensuring that goods and services meet organizational needs. How to gain visibility and control of your indirect spend.

Sourcing 52

Sourcing Strategic Sourcing Finance Automation 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

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

SourcX

OCTOBER 11, 2020

Because countries like China have become manufacturing meccas over the years, they’ve developed world-class manufacturing facilities and infrastructure that allows them to meet the manufacturing needs for many companies quickly and efficiently. India has also developed top-of-the-line manufacturing facilities.

Manufacturing 52

Manufacturing Labor Costs Regulations Pharmaceuticals 52

SIG Speaks

APRIL 25, 2023

To gain efficiencies, reduce costs and ensure long-term viability, the company executives wanted to consolidate the company as one. The sourcing lead ensured buy-in from the plant's critical stakeholders for the food service change by clearly communicating the industry. This approach was very siloed, with many inefficiencies.

Sourcing 40

Sourcing Management Co-Sourcing Strategic Sourcing 40

SIG Speaks

JULY 14, 2023

Many organizations have multiple types of spend, i.e., indirect versus direct spend, as they apply to goods and services. The business can realize efficiencies in every aspect of goods and service deliverables using a data-driven and tactical approach.

Management 40

Management Strategic Sourcing Sourcing Design 40

IBM Services

JANUARY 16, 2024

Successful companies fuse product development practices with overarching business strategies to ensure sustainable innovations that will resonate efficiently and sustainably with customers—both in existing markets and among new target audiences. Will a product or feature drive specific and measurable business value?

Engineering 80

Engineering Manufacturing Collaborations Research 80

Obobo

SEPTEMBER 1, 2022

Depending on the good or services being negotiated, there must be agreement on the basic elements such as price, delivery, quality, service, payment terms and other operational issues. To avoid repeating any possible mistakes, it’s important to schedule a “lessons learned” session during strategic sourcing processes.

Strategic Sourcing 59

Strategic Sourcing Management Marketing Research 59

SIG Speaks

DECEMBER 20, 2022

By applying intelligent automation to the sourcing process, companies can easily create and distribute RFPs for a majority of the categories in which they buy, including direct and indirect spending, for both products and services. Intelligent automation benefits span the entire Source-to-Pay process.

Automation 40

Automation Strategic Sourcing Data Entry Sourcing 40

Planergy Software

OCTOBER 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It allows organizations to assess whether or not there are suppliers capable of providing the goods or services they need before committing to issuing an RFP or RFQ. How to gain visibility and control of your indirect spend.

Supply Chain Management 52

Supply Chain Management Strategic Sourcing Sourcing Finance 52

SIG Speaks

DECEMBER 21, 2023

Several factors should be considered when designing successful governance frameworks: Service Level Agreements (SLAs) and Key Performance Indicators (KPIs) should be well-rounded and documented in the agreement. She is a skilled and experienced negotiator specializing in technology and professional service engagements.

Management 40

Management Strategic Sourcing Government Sourcing 40

SIG Speaks

MARCH 10, 2023

According to the Sourcing Industry Group Resource Center, supplier performance management (SPM) is "a comprehensive system for monitoring, managing, controlling, and influencing a supplier's provision of a product or service to meet a company's business needs and goals. A simple purchase for MRO could now lead to weeks of downtime.

Strategic Sourcing 40

Strategic Sourcing Sourcing Sales Administrative 40

SIG Speaks

AUGUST 31, 2023

Procurement is an integral part of the process of acquiring goods and services from external parties that help drive the goals of an organization. This essential function is a part of every business, and a company must develop sound business models that ensure the process is efficient and effective.

Collaborations 40

Collaborations Strategic Sourcing Sourcing Efficiency 40

SIG Speaks

AUGUST 17, 2023

The hardest part of showing value to an organization is debunking the myth that the traditional role of Procurement is to procure goods and services. We must have practical E-sourcing tools that allow us to be efficient. The hope was to streamline the source-to-contract process.

Strategic Sourcing 40

Strategic Sourcing Sourcing Regulations Engineering 40

SIG Speaks

AUGUST 3, 2023

Quickly identifying or comparing two legal documents for similarities or contrasting clauses is a tremendous step forward in the evolution of process improvement, effectiveness, and efficiency. Another area I’ve seen quite a leap forward in using AI has been spending analytics.

Strategic Sourcing 40

Strategic Sourcing Retail Analytics Sourcing 40

Obobo

MARCH 23, 2023

11 Cost Reduction Strategies in Procurement Procurement is a crucial function in businesses, responsible for acquiring the goods and services needed to keep operations running smoothly. Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

Obobo

MARCH 7, 2023

Get ready to discover a game-changing solution that will enhance accuracy, efficiency, and transparency across all stages of the procurement cycle! Benefits of using purchase management software include increased efficiency, improved accuracy, and reduced costs. What is purchase management software?

Software 40

Software Management Reduced Costs Data Entry 40

SIG Speaks

SEPTEMBER 28, 2023

The Certified Sourcing Professional (CSP) Program is a 10-week course that focuses on the hard and soft skills of sourcing, including strategic sourcing and outsourcing methodologies, as well as best practices in negotiations.

Sourcing 40

Sourcing Right-Sizing Strategic Sourcing Finance 40

Planergy Software

MARCH 29, 2022

Critical data is displayed in meaningful, insightful ways to help business leaders make informed business decisions such as forecasting, planning, analysis, risk management, strategic sourcing, operational complexcity reductions, and anti-fraud monitoring — to name a few.

Analytics 52

Analytics Accounting Finance Strategic Sourcing 52