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SIG University Certified Sourcing Professional (CSP) program graduate Kate Laing shares her perspective on the importance of a clear, concise presentation and how it is very important for the entire team and reinforces the depth of work performed and the criticality of procurement to your stakeholders.
It is essential for procurement to keep IT onboard for actual negotiation talks and decisions, help price and right-size contracts for deals, and bring category and sourcing intelligence from past successful deals and supplier partnerships. creating negotiation opportunities through internal demand management without harming suppliers).
How strategicsourcing, cost management, and cost avoidance strategies can be applied to indirect spend. How Strategic Procurement Can Give You a Competitive Advantage. Procurement StrategicSourcing. Easier to Mitigate Supply Risk Supplier riskmanagement is crucial for any organization.
Procurement leaders should engage senior management on the procurement vision and communicate the goals throughout the organization. Inculcating Contingency Planning The first step in riskmanagement during a crisis is having a strategy.
Visual analytics present information in a highly graphical, interactive, and visual format through interactive dashboards, reports, summaries, graphs, charts, and maps. The main objective behind converting right data into insights is to present it in an easy-to-understand, simple, and visual language.
To elaborate on a few, I found presenting to Senior Executives to be very interesting. Our supplier riskmanagement team also sits outside of the corporate procurement department. There are many things I have learned during this course that is beneficial to my current position at Raymond James in Corporate Procurement.
How strategicsourcing, cost management, and cost avoidance strategies can be applied to indirect spend. A well-designed corporate travel program prioritizes employee safety by vetting travel suppliers, providing travel riskmanagement resources, and offering 24/7 support for travelers in case of emergencies.
How strategicsourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Strategic Considerations: Understanding and selecting the right integration strategy can significantly impact a company’s growth and success. How to gain visibility and control of your indirect spend.
How strategicsourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Once you’ve identified a travel management app, ensuring all stakeholders are on board with its implementation is important. How to gain visibility and control of your indirect spend.
Procurement savings refer to the cost reductions that are achieved by a company when it purchases goods and services through a strategicsourcing process. By adopting best practices such as spend analysis, supplier management, and e-procurement , companies can save money and increase efficiency. What is Procurement?
How strategicsourcing, cost management, and cost avoidance strategies can be applied to indirect spend. As machine learning continues to advance, finance professionals must stay up to date with its developments and innovations to ensure they can take full advantage of the opportunities it presents.
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