Remove Finance Remove Right-Sizing Remove Strategic Sourcing
article thumbnail

Is Your Procurement And Sourcing Function ESG Sustainable Ready?

SIG Speaks

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. Labor rights and working conditions. Waste management recycling and reuse.

article thumbnail

How To Calculate Procurement Savings

Obobo

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.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

CFO Challenges and Priorities in 2021 And Beyond

Planergy Software

In the past, the CFO served largely as a finance chief. They were a liaison between the finance team (along with procurement) and upper management in the C-suite. They don’t just lead the finance team or spearhead initiatives to reduce costs. Today’s CFO Challenges Are Bigger Than Ever.

Finance 97
article thumbnail

The Top 8 Business Travel Management Tools

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The right travel management solution can help ensure compliance with company policies, provide valuable insights into travel spending, and streamline the entire travel process. But fear not, weary traveler! Absolutely!

article thumbnail

Turning Data Into Actionable Insights

Planergy Software

Ask the right questions Once end goals have been identified, the next step is to figure out key information needed for informed business decisions. Translate information into insights The final step is to derive the required information to make better strategic decisions and generate more value from data. A one size fits all system.”

article thumbnail

How To Establish & Build Business Credit

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. These scores consider factors such as the business’s payment performance, credit utilization, length of credit history, and the company’s size and industry risk. Download PDF What’s your goal today?

Finance 52
article thumbnail

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. All organizations, regardless of their size and type, should develop a spend management process. How you set up user permissions and approval workflows depends on the nature and size of your business.