Remove Insurance Remove Out-Tasking Remove Strategic Sourcing
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. This task is challenging, but not impossible. Find Out More. Table of Contents. What is Savings Tracking? No contracts to cancel.

article thumbnail

The Benefits of Intelligent Process Automation

SIG Speaks

Intelligent Process Automation does not take employees out of the loop. Instead, it allows employees to increase their contribution by taking away mundane, repetitive tasks. Intelligent automation benefits span the entire Source-to-Pay process. This frees up employees to use their cognitive skills to improve their business.

professionals

Sign Up for our Newsletter

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

article thumbnail

7 Tips For Managing Project Budgets Successfully

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Indirect costs are more general expenses that are not specific to the project but are necessary for its execution, such as overhead, insurance, and rent. Assign tasks to team members and track their progress.

article thumbnail

Outsourcing: Challenges, Opportunities and Best Practices

SIG Speaks

There is a high chance that was answering services of any banking, insurance, technology, and an external organization handles many more. Even research and development activities of automobile companies or even defense sectors have adopted outsourcing for their critical tasks.