SIG Speaks

APRIL 25, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Andrew Beck shares the difficulties associated with change management in sourcing and how it can help improve inefficiencies. Change is inevitable and part of everyone one's career; the key is how we manage that change.

Sourcing 40

Sourcing Management Co-Sourcing Strategic Sourcing 40

Planergy Software

MAY 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. How Strategic Procurement Can Give You a Competitive Advantage. Procurement Strategic Sourcing. How to report and analyze indirect spend to identify savings opportunities. Written by.

Strategic Sourcing 59

Strategic Sourcing Sourcing Reduced Costs Supply Chain Management 59

Perficient Digital Transformation

NOVEMBER 8, 2021

Supply chain management deals with the centralized management of the flow of goods and services and includes all processes that transform raw materials into final products. Perficient’s supply chain management team can offer personalized guidance that is tailored to maneuver the specific challenges your company may be facing.

Supply Chain Management 69

Supply Chain Management E-Commerce Manufacturing Strategic Sourcing 69

Planergy Software

MARCH 24, 2022

How better management in AP can give you better flexibility for cash flow management. Supplier Management Best Practices. Best Practices & Tips Business Process Management (BPM) Supplier Relationship Management. But when managed poorly, it can add an extra layer of stress. Download Free Copy. Written by.

Management 52

Management Insurance Supply Chain Management Right-Sizing 52

Obobo

AUGUST 16, 2022

Best Practices for Supplier Management. Managing suppliers is an essential component of a business’ procurement process. Poor management, however, can add more stress to the situation. Consider these best practices as you build the right supplier management system for your business. Table of Contents.

Management 52

Management Right-Sizing Supply Chain Management Strategic Sourcing 52

Planergy Software

SEPTEMBER 20, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Corporate travel management software streamlines business travel processes by automating tasks such as booking flights, tracking expenses, and providing insights into travel spending patterns.

Management 52

Management Right-Sizing Software Finance 52

Planergy Software

NOVEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Best Practices & Tips Strategic Sourcing Supplier Relationship Management. Vendor consolidation provides several benefits, including: Reduced Costs through Economies of Scale.

Strategic Sourcing 52

Strategic Sourcing Reduced Costs Sourcing Supply Chain Management 52

Obobo

MARCH 7, 2023

What Are The Benefits Of Using Purchase Management Software In Procurement? It’s time to switch over to purchase management software! In this blog post, we’ll explore the benefits of using purchase management software in procurement and how it can revolutionize your organization’s workflow.

Software 40

Software Management Reduced Costs Data Entry 40

Planergy Software

SEPTEMBER 24, 2021

Securing competitive advantage means mastering emerging technologies and developing strategies that incorporate risk management, data-driven decision making, and a collaborative, agile approach. They were a liaison between the finance team (along with procurement) and upper management in the C-suite.

Finance 97

Finance Collaborations Robotics Process Automation Flexibility 97

Planergy Software

SEPTEMBER 5, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Whether you have a small business or a large corporation, the basic steps and best practices for managing budgets are the same. How to report and analyze indirect spend to identify savings opportunities.

Finance 92

Finance Software Accounting Management 92

Obobo

DECEMBER 17, 2021

Such costs can accumulate, especially if they are not properly managed. A top priority for every business should be procurement savings, however identifying the best method for reporting and assessing cost savings is challenging for many businesses. Cost Avoidance. This task is challenging, but not impossible.

Strategic Sourcing 52

Strategic Sourcing Finance Software Out-Tasking 52

IBM Services

JANUARY 16, 2024

This will likely involve collaboration between the product design team, project management, sales, and other departments as the business creates a detailed roadmap for how the new product will be built and deployed. How do those competencies align with an organization’s long-term strategic business plans?

Engineering 80

Engineering Manufacturing Collaborations Research 80

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. However, managing procurement can be costly, and costs can add up quickly.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

Planergy Software

MARCH 2, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Introduction To Tail Spend Analysis Tail spend analysis examines a company’s spending patterns and identifies opportunities to reduce costs and improve efficiency.

Strategic Sourcing 52

Strategic Sourcing Reduced Costs Sourcing Efficiency 52

Obobo

JUNE 15, 2022

How will using eSourcing , as well as eRFx ultimately help business owners make more informed decisions when it comes to their strategic sourcing initiatives? RFx brings together RFIs , RFPs and RFQs , and is, therefore, an acronym that is used more frequently in strategic sourcing and procurement. .

Strategic Sourcing 52

Strategic Sourcing Sourcing Software Streamline Operations 52

SIG Speaks

MAY 16, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Noah Wilson discusses how crowdsourcing could be the innovation that businesses need to succeed in a rapidly changing environnment. I graduated with honors from the University of Kentucky’s Gatton School of Business in 2022 and received a degree in management and finance.

Sourcing 40

Sourcing Strategic Sourcing Engineering Regulations 40

Planergy Software

FEBRUARY 8, 2022

How better management in AP can give you better flexibility for cash flow management. Strategic Sourcing Supplier Performance Supplier Relationship Management. It is one of the core pieces of a supplier relationship management (SRM) program. Use PLANERGY to manage purchasing and accounts payable.

Strategic Sourcing 52

Strategic Sourcing Supply Chain Management Collaborations Finance 52

Planergy Software

MARCH 29, 2022

How better management in AP can give you better flexibility for cash flow management. This step can make or break an organization’s ability to understand its data better and leverage it to maximize profitability, reduce cost, and create value for shareholders. How AP can improve relationships with your key suppliers.

Analytics 52

Analytics Accounting Finance Strategic Sourcing 52

Planergy Software

NOVEMBER 1, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Ethical Sustainability & Responsibility Procurement Supplier Relationship Management. In addition, PSPs can help buyer organizations manage risk by consolidating their spending with fewer suppliers.

Reduced Costs 52

Reduced Costs Finance Accounting Strategic Sourcing 52

SIG Speaks

OCTOBER 12, 2023

Businesses and organizations continue to strive to enhance efficiency, reduce costs, and gain a competitive edge, and AI technologies have begun to revolutionize the procurement landscape. In this paper, I will highlight the effects of AI on reporting, outsourcing, and contract management as we learned in the lessons.

Sourcing 40

Sourcing Strategic Sourcing Outsourcing Regulations 40

Planergy Software

JANUARY 19, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It has been applied to various topics such as economics, business management, quality control, and mathematics. How to gain visibility and control of your indirect spend. How Pareto Analysis Works?

Supply Chain Management 52

Supply Chain Management Reduced Costs Robotics Process Automation Analytics 52

Planergy Software

OCTOBER 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Sourcing Supply Chain Management. RFIs can also help buyers identify potential suppliers and compare them against each other, which is crucial for strategic sourcing. Written by.

Supply Chain Management 52

Supply Chain Management Strategic Sourcing Sourcing Finance 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. By adopting best practices such as spend analysis, supplier management, and e-procurement , companies can save money and increase efficiency.

Finance 45

Finance Strategic Sourcing Software Reduced Costs 45

Planergy Software

OCTOBER 18, 2023

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Partnering with a travel management company (TMC) can help you access travel experts to make the most of your program. What's Planergy?

Finance 52

Finance Reduced Costs Management Risk Management 52

Planergy Software

AUGUST 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Open tendering is preferable as it allows companies to apply for multiple contracts at once, resulting in more efficient use of resources and reduced cost-over-runs from multiple procurement processes.

Sourcing 52

Sourcing Strategic Sourcing Finance Automation 52

SIG Speaks

SEPTEMBER 14, 2023

Reviewing the total cost of doing this in-house versus engaging a supplier to manage these tasks may prove that the total price is lower to outsource. Having two different people performing their own cost model on the same good or service and coming to different conclusions is a perfect example.

Supply Chain Management 40

Supply Chain Management Sourcing Risk Management Risk Management 40

Obobo

JANUARY 15, 2023

Procurement cost savings is the process of reducing costs associated with acquiring goods or services, without sacrificing quality. In this article, we will explore the definition of procurement cost savings, as well as its advantages and disadvantages. The different types of procurement cost savings.

Reduced Costs 40

Reduced Costs Out-Tasking Strategic Sourcing Automation 40

Planergy Software

JANUARY 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Best Practices & Tips Business Process Management (BPM) Supplier Relationship Management. You can manage suppliers by breaking them down into different tiers more efficiently.

Supply Chain Management 52

Supply Chain Management Regulations Manufacturing Finance 52

Obobo

MARCH 30, 2023

If you’re responsible for a procurement team , reducing costs is probably one of the main goals you care about. In fact, cutting costs is the primary KPI for most purchasing organizations. But what’s the best way to measure and report those cost savings ? What are the Benefits of Procurement Cost Savings?

Analytics 40

Analytics Reduced Costs Software Strategic Sourcing 40

Planergy Software

SEPTEMBER 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. By taking ownership of various stages in the production process, businesses can closely monitor quality standards, optimize inventory management, and reduce the risk of disruptions caused by external suppliers.

Manufacturing 52

Manufacturing E-Commerce Human Resources Marketing 52

Obobo

FEBRUARY 14, 2023

Cost Avoidance in Procurement- The Ultimate Guide It’s no secret that cost can play a huge factor in the success of any business, and procurement is no exception. While cost reduction can save your company money in the short term , it may not be as effective in the long term as cost avoidance. So, which is better?

Automation 52

Automation Sourcing Strategic Sourcing Management 52

Planergy Software

OCTOBER 4, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. But how can businesses effectively manage this data? Another advantage of big data analytics is that it can help organizations reduce costs and improve efficiency. Download Free Copy.

Analytics 52

Analytics Out-Tasking Right-Sizing Sourcing 52

Planergy Software

DECEMBER 11, 2023

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Joining a MAT is a complex process that can go wrong if not well planned and managed. What's Planergy? What is a Multi-Academy Trust (MAT)?

Government 52

Government Collaborations Finance Accounting 52

Planergy Software

DECEMBER 16, 2024

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This reduces the time spent on manual data entry and helps businesses avoid errors and reduce costs. What's PLANERGY?

Finance 52

Finance Automation Management Reduced Costs 52