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4 strategic sourcing use cases to strengthen your supply chain

IBM Services

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.

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Days Inventory Outstanding: What Is It and How to Calculate It

Planergy Software

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Better Overall Inventory Management Knowing your DIO can help you manage your inventory flow more efficiently. What's Planergy?

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Catalog Management in Procurement: What Is It, Types of Catalogs, Challenges and Best Practices To Manage Them

Planergy Software

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Using a dynamic punchout catalog ensures customers can access data directly from their procurement software, and the data is always correct.

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Days Sales Outstanding: What Is It and How To Calculate It

Planergy Software

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Visit our Spend Analysis Software page to see how Planergy can empower you to get more value from your spend. What's Planergy? Book a Live Demo 2.

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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. How To Create Savings With Better Spend Management In Procurement. All organizations, regardless of their size and type, should develop a spend management process. Download Free Copy.

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11 Cost Reduction Strategies in Procurement

Obobo

Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing. Overall, these 11 cost reduction strategies in procurement demonstrate that companies can significantly reduce costs and maintain profitability with the right procurement management practices.

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CFO Challenges and Priorities in 2021 And Beyond

Planergy Software

Deep data analytics, combined with rich and intuitive reporting and forecasting tools, make it easy to monitor spend in real time, create accurate and strategically valuable reports drawn from actionable insights, and support the alignment of procurement and AP processes with organization-level goals. Find Out How.

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