Perficient Digital Transformation

JULY 19, 2024

Perficient is committed to advising manufacturers as they face these new challenges outlined in Forrester’s recent report, “Key Steps to Develop Your Manufacturing Operations Management Vision.” The report outlines the importance of achieving variety while maintaining low cost and high availability to thrive in this new landscape.

Manufacturing 64

Manufacturing Management Strategic Sourcing Research 64

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. Download Free Copy. Written by.

Strategic Sourcing 59

Strategic Sourcing Sourcing Reduced Costs Supply Chain Management 59

IBM Services

DECEMBER 13, 2023

It can nurture collaborative partnerships with suppliers and integrate ethical and environmental (green purchasing) considerations into the sourcing strategy. A procurement strategy is not merely a series of steps for acquiring goods and services. What is a procurement strategy?

Sourcing 70

Sourcing Administrative Collaborations Strategic Sourcing 70

SIG Speaks

JUNE 20, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Thomas Cooper describes how with the increasing pressures on supply chains and sourcing organizations lately, efficiency and effectiveness cannot be understated in an organization. For instance, if you take apart a car, you lose the ability to drive.

Sourcing 40

Sourcing Strategic Sourcing Impact Sourcing Engineering 40

Obobo

DECEMBER 17, 2021

As well as repairs, training, and other services, companies sometimes require a wide range of services to maintain them. Such costs can accumulate, especially if they are not properly managed. As the influential thinker on management, Peter Drucker, famously said ‘if you can’t measure, it you can’t improve it’.

Strategic Sourcing 52

Strategic Sourcing Finance Software Out-Tasking 52

Obobo

JULY 1, 2022

An S2P is a sourcing and procurement process in which suppliers are sought out, negotiated with, signed up for, and eventually paid for their products or services. This in turn results in the payment of those products or services. Technologies available today could automate more than half of the source-to-pay process.

Sourcing 52

Sourcing Software Accounting Automation 52

SIG Speaks

SEPTEMBER 14, 2023

To effectively utilize TCO in my role, I will apply the cost model approach to identify all costs associated with the sourced goods or services. This will help me have a holistic view of the total costs associated with the good or service rather than just focusing on the price quoted by the supplier.

Supply Chain Management 40

Supply Chain Management Sourcing Risk Management Risk Management 40

Planergy Software

JANUARY 19, 2024

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Vendor analysis is crucial for risk management. Read on to learn more about how effective vendor analysis can help you streamline your supply chain management efforts! What is Vendor Analysis?

Risk Management 52

Risk Management Risk Management Supply Chain Management Sourcing 52

Future of Sourcing

MAY 9, 2023

It does this by allowing for the suppliers' most effective standard services with minor alteration and a thorough grasp of the acquired services. Inculcating Contingency Planning The first step in risk management during a crisis is having a strategy. When a crisis strikes, alternatives become crucial to staying ahead.

Sourcing 52

Sourcing Collaborations Analytics Strategic Sourcing 52

SIG Speaks

MAY 10, 2022

Our supplier risk management team also sits outside of the corporate procurement department. This could be anyone from information technology support, legal, supplier risk management, and even the supplier outside the company running the engagement. Within Raymond James, our legal team sits outside the department.

Sourcing 40

Sourcing Risk Management Risk Management Strategic Sourcing 40

SIG Speaks

AUGUST 31, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Andy Perkins highlights the key foundation for driving excellence between supplier and client in the new market we live in. Procurement is an integral part of the process of acquiring goods and services from external parties that help drive the goals of an organization.

Collaborations 40

Collaborations Strategic Sourcing Sourcing Efficiency 40

Planergy Software

OCTOBER 18, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Employee Safety and Security The program ensures that employees travel with reputable providers and have access to support services during their trips. How to gain visibility and control of your indirect spend.

Finance 52

Finance Reduced Costs Management Risk Management 52

Planergy Software

MARCH 29, 2022

Critical data is displayed in meaningful, insightful ways to help business leaders make informed business decisions such as forecasting, planning, analysis, risk management, strategic sourcing, operational complexcity reductions, and anti-fraud monitoring — to name a few.

Analytics 52

Analytics Accounting Finance Strategic Sourcing 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. What is Procurement?

Finance 45

Finance Strategic Sourcing Software Reduced Costs 45

Planergy Software

APRIL 19, 2022

Procurement is responsible for finding and managing the proper outside resources for a business. Selecting the right services or vendors plays an important role in properly managing your business. Services: If you utilize professional services in your business, you will need to involve the procurement department.

Finance 52

Finance Accounting Out-Tasking Manufacturing 52

Planergy Software

MARCH 24, 2022

As you draft these contracts, make sure they follow your vendor management policy guidelines. Define your scope of work (SOW) or service-level agreements (SLAs) outside of your boilerplate policy document. It also involves risk management, supplier relationship management (SRM), and contract management.

Management 52

Management Insurance Supply Chain Management Right-Sizing 52

Planergy Software

SEPTEMBER 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This can involve activities such as acquiring or establishing distribution channels, retail outlets, or service centers. How to gain visibility and control of your indirect spend.

Manufacturing 52

Manufacturing E-Commerce Human Resources Marketing 52

Planergy Software

JANUARY 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. How businesses operate and how consumers shop and receive the goods and services they need. Supply chain and risk management has forever changed as a result. Download Free Copy. Written by. Keith Murphy.

Supply Chain Management 52

Supply Chain Management Manufacturing Sourcing Retail 52

Obobo

MARCH 23, 2023

11 Cost Reduction Strategies in Procurement Procurement is a crucial function in businesses, responsible for acquiring the goods and services needed to keep operations running smoothly. However, managing procurement can be costly, and costs can add up quickly.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

Planergy Software

DECEMBER 16, 2024

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Natural language processing (NLP) is machine learning that can be used in customer service throughout the financial sector. How to gain visibility and control of your indirect spend.

Finance 52

Finance Automation Management Reduced Costs 52