IBM Services

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals.

Strategic Sourcing 84

Strategic Sourcing Sourcing Supply Chain Management Manufacturing 84

IBM Services

JANUARY 31, 2024

The advantages of captive centers include access to a new or larger talent pool, reduced costs and greater control over operations than traditional outsourcing (and therefore, less risk). Strategic sourcing methods : ethical, responsible and sustainable sourcing There are many types of sourcing strategies.

Sourcing 98

Sourcing Strategic Sourcing Outsourcing Supply Chain Management 98

Planergy Software

MARCH 24, 2025

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Centralizing things reduces costs and risks. But, relying on government funding alone often means you dont have the total revenue you need to accomplish your goals.

Finance 52

Finance Shared Services Collaborations Automation 52

Obobo

MARCH 23, 2023

For companies looking to reduce costs, procurement is often one of the first places they look. Cost reduction during procurement processes can be accomplished through various strategies that range from the short-term to medium and long-term goals. Short-term Cost Reduction Strategies Short-term Cost Reduction Strategies: 1.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 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. key Takeaway: Procurement savings are the cost reductions achieved by a company when purchasing goods and services through strategic sourcing.

Finance 45

Finance Strategic Sourcing Software Reduced Costs 45

Planergy Software

OCTOBER 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. RFIs can also help buyers identify potential suppliers and compare them against each other, which is crucial for strategic sourcing. How to gain visibility and control of your indirect spend. Written by.

Supply Chain Management 52

Supply Chain Management Strategic Sourcing Sourcing Finance 52

Planergy Software

NOVEMBER 1, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. In addition, a preferred vendor program can help your organization meet its environmental, social, and governance (ESG) objectives. Communication is often improved, reducing costly misunderstandings.

Reduced Costs 52

Reduced Costs Finance Accounting Strategic Sourcing 52