Remove Finance Remove Sales Remove Strategic Sourcing
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Days Sales 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. What Is the Formula for Days Sales Outstanding? Is a Higher or Lower Days Sales Outstanding Ratio Better? What is the Average Days Sales Outstanding for a Company? What Is Days Sales Outstanding?

Sales 52
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Is the Request for Proposal in Procurement Dead?

Everest Group

Best-in-class organizations take far less time for the same activities in IT strategic sourcing initiatives, completing the process in nine to 10 weeks, according to our IT Sourcing Pinnacle Model Assessment. Most procurement and sourcing teams know the traditional RFP process has its restrictions, so why is it still being used?

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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
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Budgeting Process: Steps and Best Practices for Planning a Budget

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Identifies Potential Financial Problems Before They Arise Regular budgeting lets you spot financial issues early on, such as declining sales, rising costs, or cash flow shortages.

Finance 92
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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.

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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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Everything you need to know about Procurement savings

Obobo

Procurement and Finance teams are no different – they’re passionate about cutting costs and creating value for the company. We’ll cover the different types of savings, and provide concrete advice on how to identify those opportunities using the best practices of both Procurement and Finance departments. Table Of Content.

Finance 45