Reduced Costs Right-Sizing Strategic Sourcing 
Planergy Software
SEPTEMBER 24, 2021
They focused the lion’s share of their time and skill set on dealing with regulatory issues, guiding their teams in cutting costs, managing cash flow, and enforcing budgeting initiatives, and then reporting the results. They don’t just lead the finance team or spearhead initiatives to reduce costs.
Obobo
AUGUST 2, 2022
Consider these best practices as you build the right supplier management system for your business. There is more to procurement than cutting costs and finding the cheapest deal. Your company may need a risk assessment professional or a risk assessment committee, depending on its size. Table of Contents.
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Obobo
DECEMBER 17, 2021
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. To configure, manage, and track custom savings, procurement teams often use source-to-pay or finance software. Table of Contents.
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.
Planergy Software
MARCH 29, 2022
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. Ask the right questions Once end goals have been identified, the next step is to figure out key information needed for informed business decisions.
Obobo
AUGUST 16, 2022
Consider these best practices as you build the right supplier management system for your business. There is more to procurement than cutting costs and finding the cheapest deal. Your company may need a risk assessment professional or a risk assessment committee, depending on its size. Table of Contents.
Planergy Software
SEPTEMBER 20, 2023
How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Effective business travel management can lead to cost savings, increased employee satisfaction, and improved productivity. There is no one-size-fits-all approach to the best travel management software.
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