Obobo

DECEMBER 15, 2022

What are the Benefits of a Strategic Sourcing Software? Strategic sourcing is a process that involves evaluating and negotiating with suppliers to ensure the best price, quality, and delivery of goods. What is Strategic Sourcing Software? There are many benefits of using strategic sourcing software.

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Strategic Sourcing Sourcing Software Out-Tasking 52

Sourcing Advisors Group

JUNE 29, 2020

Despite these significant actions, Gartner findings indicate that most firms are leaving 50c on the dollar – if not more – on the table by failing to fully leverage their purchasing power, as best-practices Strategic Sourcing shows that most firms can generate a permanent 20% cost reduction.

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Strategic Sourcing Sourcing Human Resources Efficiency 52

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. Implementing strategic sourcing is a way to add long-term value and continually optimize manufacturing processes.

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Strategic Sourcing Nearshoring Sourcing Manufacturing 52

Everest Group

JULY 18, 2023

CPOs Category managers Indirect sourcing leaders Supplier management leaders Strategic sourcing leaders Amy Fong Partner Bhanushee Malhotra Practice Director Prateek Singh Practice Director Related Content: Top Emerging Technology Trends: Six Things Sourcing Needs to Know in 2023 | On-demand Webinar Procurement Outsourcing (PO) State of the Market (..)

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Management Strategic Sourcing Outsourcing Government 147

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

Everest Group

DECEMBER 5, 2023

IST In today’s business landscape, streamlined and efficient procurement processes are essential for sustained growth. Generative AI’s ability to optimize procurement processes, mitigate risks, and enhance decision-making is transforming the way organizations operate, making it a key tool for resilience, cost savings, and strategic advantage.

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Everest Group

OCTOBER 31, 2022

Supply chain visibility, strategic sourcing, cold chain requirements, sustainability demands, and personalized medicine are creating opportunities in the life sciences supply chain for IT partners delivering digital solutions. Read this first part of our blog series to understand the shift that is underway.

Pharmaceuticals 130

Pharmaceuticals Strategic Sourcing Manufacturing Regulations 130

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.

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Risk Management Risk Management Efficiency Management 52

Obobo

JULY 1, 2022

What Is Source-To-Pay (S2P)? Source-To-Pay Vs Procure-To-Pay. What Is Source To Pay (S2P)? 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. What Is The Source to Pay Process? Source to pay process: 1.

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Sourcing Accounting Software Automation 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.

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Sourcing Strategic Sourcing Impact Sourcing Engineering 40

Future of Sourcing

MAY 11, 2023

The announcement makes Keelvar the only provider in the market to offer an optimization and automation solution in one tool for transformed sourcing across the full spend lifecycle – from strategic to tail – with no training or sourcing experience required.

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Sourcing Strategic Sourcing Automation Out-Tasking 52

Future of Sourcing

MAY 9, 2023

Conducting Sourcing During a Crisis Following strategies are adopted by best-in-class procurement teams that help them navigate through the uncertainties faced during a calamity: 1. Investing in Collaborative Sourcing Every procurement expert stresses the importance of collaboration.

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Sourcing Collaborations Analytics Strategic Sourcing 52

SIG Speaks

APRIL 25, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Andrew Beck shares the difficulties associated with change management in sourcing and how it can help improve inefficiencies. To gain efficiencies, reduce costs and ensure long-term viability, the company executives wanted to consolidate the company as one.

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Sourcing Management Co-Sourcing Strategic Sourcing 40

Planergy Software

AUGUST 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Organizations are constantly exploring new procurement methods to create a more strategic procurement strategy and ensure competitive procurement. How to gain visibility and control of your indirect spend.

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Sourcing Strategic Sourcing Finance Automation 52

SIG Speaks

SEPTEMBER 28, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Sophie McNally shares how there is no one size fits all approach when it comes to ESG and that each company has to take a deep dive into what will ultimately work best for them. Supplier diversity and inclusion - direct spend with diverse and underrepresented suppliers.

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SIG Speaks

OCTOBER 12, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Lauren Redden shares an excellent essay on the power of AI to transform the smart sourcing industry, in balance with the potential risks that companies must evaluate in employing more intelligent automation into their processes.

Sourcing 40

Sourcing Strategic Sourcing Outsourcing Regulations 40

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.

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Strategic Sourcing Sourcing Supply Chain Management Reduced Costs 59

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. This enables an effective and adaptive approach to sourcing that creates value and minimizes risk.

Administrative 70

Administrative Sourcing Collaborations Strategic Sourcing 70

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)?

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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

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. As these suppliers lose their autonomy, they may also experience a decrease in efficiency and productivity. Download Free Copy.

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Strategic Sourcing Reduced Costs Sourcing Supply Chain Management 52

Perficient Digital Transformation

SEPTEMBER 4, 2024

Perficient’s Recognition and Focus Areas We believe Perficient has been recognized for our ability to deliver on these promises, helping clients implement Oracle cloud products and solutions, provide ongoing support, improve operational efficiencies and business processes with tangible business results.

Supply Chain Management 52

Supply Chain Management Service Strategic Sourcing Manufacturing 52

SIG Speaks

OCTOBER 26, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Prateek Jindal describes how the course helped him and his team increase value from improving their strategic sourcing strategies on down through your category playbook.

Management 40

Management Strategic Sourcing Facilities Management Sourcing 40

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. The Japanese pioneered the concept of Keiretsu.

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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. This will become the sample as materials and vendors are sourced for mass production.

Engineering 80

Engineering Manufacturing Collaborations Research 80

Obobo

DECEMBER 17, 2021

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. Savings tracking refers to a method of estimating how much a company will save by using strategic sourcing and other cost-effective tactics.

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SIG Speaks

MAY 17, 2023

In the recent May CPO & Executive Virtual Series hosted by SIG, we had the pleasure of welcoming esteemed speakers: Michael Koontz, Vice President of Strategic Sourcing & Business Leader at ATD Sourcing Solutions; Ruy Martins, Plant and Supply Chain Director at Urgo Medical; and Oren Salzman, Chief Procurement Officer at MetTel.

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Strategic Sourcing Streamline Operations Sourcing Sales 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

Planergy Software

SEPTEMBER 5, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Allocates Resources Efficiently Business budgeting lets you analyze your company’s financial needs and distribute resources accordingly. How to gain visibility and control of your indirect spend.

Finance 92

Finance Software Accounting Management 92

SIG Speaks

DECEMBER 13, 2022

In the future of advanced crowdsourcing for procurement, leaders will increasingly source ideas from resources with more diverse skill sets. As Conrad noted, future procurement organizations will be a smaller, more desegregated and more efficient teams. The first is advanced crowdsourcing. Now on to Cognitive Computing. learn more.

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Cybersecurity Strategic Sourcing Sourcing Administrative 40

SIG Speaks

JULY 19, 2023

.; Dan Edwards, Procurement Director from Park National Bank; and Aashish Chandarana, Chief Information Officer of Productiv, shared valuable insights that shed light on the future of IT strategic sourcing, the significance of mentorship, and the latest SaaS trends in 2023. per employee.

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SIG Speaks

JUNE 14, 2022

SIG University Certified Sourcing Professional (CSP) program graduate Nancy Wieskus shares the "Better Method" for procurement teams to implement into their procurement system. Stakeholders play a vital role and are crucial to sourcing initiatives by offering: Consent which allows for changes. Most important their expertise.

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SIG Speaks

MARCH 10, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Nick Fratto describes how sourcing professionals must adapt to a post pandemic industry and how to find the perfect supplier's for your business. Bottlenecks, stockouts, shipping delays, and inflated costs have become common obstacles for sourcing practitioners.

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SIG Speaks

NOVEMBER 30, 2023

This will allow organizations to become more agile, provide employees with more efficient ways of managing workload, and encourage additional innovation as companies grow. The Certified Intelligent Automation Professional program is a six-week course delivered through SIG University’s unique education platform.

Automation 40

Automation Strategic Sourcing Government Sourcing 40

Planergy Software

SEPTEMBER 24, 2021

What changes are necessary to maximize our procedures, protocols, and processes for maximum performance and efficiency—both in the finance department, and the organization as a whole? and data-based business continuity planning into workflows at all levels. The result? Which metrics should we track to develop and implement these changes?

Finance 97

Finance Robotics Process Automation Collaborations Flexibility 97

Planergy Software

DECEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Ultimately, marketing procurement can help organizations improve the efficiency and effectiveness of their marketing efforts, but it’s about more than sourcing strategies and agency relationships. Download Free Copy.

Marketing 52

Marketing Strategic Sourcing Out-Tasking Sourcing 52

SIG Speaks

DECEMBER 20, 2022

Sourcing the right products from suitable suppliers at the right price is a constant challenge within purchasing departments. Intelligent automation can also help with efficient on-contract buying, reduced transactional cost, and up-to-date information to better business decisions. .

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