Perficient Digital Transformation

OCTOBER 14, 2024

Organizations must manage a myriad of products and services, ensuring that they are sourced, purchased, and delivered efficiently. Efficient Sourcing and Bidding: Item classification helps in the efficient sourcing of products. Item classification helps ensure that procurement processes adhere to these standards.

Pharmaceuticals 52

Pharmaceuticals Manufacturing Strategic Sourcing Sourcing 52

Obobo

JULY 1, 2022

What Is Source-To-Pay (S2P)? Source-To-Pay Vs Procure-To-Pay. What Is Source To Pay (S2P)? 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. What Is The Source to Pay Process? Source to pay process: 1.

Sourcing 52

Sourcing Accounting Software Automation 52

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. Typically, interfaces are where the most significant risks are in any system.

Sourcing 40

Sourcing Strategic Sourcing Impact Sourcing Engineering 40

Future of Sourcing

MAY 9, 2023

Conducting Sourcing During a Crisis Following strategies are adopted by best-in-class procurement teams that help them navigate through the uncertainties faced during a calamity: 1. Investing in Collaborative Sourcing Every procurement expert stresses the importance of collaboration.

Sourcing 52

Sourcing Collaborations Analytics Strategic Sourcing 52

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. Easier to Mitigate Supply Risk Supplier risk management is crucial for any organization.

Strategic Sourcing 59

Strategic Sourcing Sourcing Reduced Costs Supply Chain Management 59

Perficient Digital Transformation

JULY 19, 2024

Our supply chain experts routinely help organizations in sales and operations planning, strategic sourcing and spend control, procure to pay, inventory and materials management, operations continuation, risk management, end-to-end supply chain visibility, and more.

Manufacturing 64

Manufacturing Management Strategic Sourcing Research 64

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. For chief financial officers (CFOs), this need is even more urgent. ” Top Challenges and Priorities for CFOs. The result?

Finance 97

Finance Robotics Process Automation Collaborations Flexibility 97

IBM Services

DECEMBER 13, 2023

It can nurture collaborative partnerships with suppliers and integrate ethical and environmental (green purchasing) considerations into the sourcing strategy. It should be a strategic roadmap that, when effectively designed and implemented, aligns with the mission of the organization and greatly contributes to its success.

Sourcing 70

Sourcing Administrative Collaborations Strategic Sourcing 70

Planergy Software

SEPTEMBER 5, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Better Risk Management By identifying potential financial issues early on, budgeting allows you to mitigate business risks and implement contingency plans.

Finance 92

Finance Software Accounting Management 92

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. 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

SIG Speaks

OCTOBER 19, 2023

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.

Strategic Sourcing 40

Strategic Sourcing Sourcing Manufacturing Risk Management 40

Planergy Software

JANUARY 26, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Source what you can from reclamation centers and use recycling whenever possible. Supplier risk is always there, but using various risk management strategies can help you minimize the impact.

Supply Chain Management 52

Supply Chain Management Risk Management Risk Management Government 52

SIG Speaks

SEPTEMBER 14, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Heather Frazer discusses how TCO is a great tool that will help capture the entire potential for cost savings and risk and how it is increasingly important for procurement organizations to secure reliable data. I have been with BCBST for four years.

Supply Chain Management 40

Supply Chain Management Sourcing Risk Management Strategic Sourcing 40

SIG Speaks

MAY 10, 2022

SIG University Certified Sourcing Professional (CSP) program graduate Shawnie Albritton shares how category management can help with cross-team engagement and its usefulness in procurement. Within procurement, you could have a legal team, sourcing team, transactional team, and support team. learn more. .

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. In order to ensure that the business model is sound, Procurement should include: Risk management strategies for ensuring contract resiliency.

Collaborations 40

Collaborations Strategic Sourcing Sourcing Efficiency 40

Planergy Software

MARCH 25, 2022

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.

Management 52

Management Strategic Sourcing Accounting Right-Sizing 52

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. The evaluation should include feedback from multiple departments or sources to ensure that all relevant data is considered.

Risk Management 52

Risk Management Risk Management Supply Chain Management Sourcing 52

Planergy Software

MARCH 29, 2022

It’s almost impossible for business leaders to make decisions based on myriad data sources until the big data is converted into relevant information and then actionable insights. Mostly, data is stored in disparate systems with varying degrees of accuracy across sources.

Analytics 52

Analytics Accounting Finance Strategic Sourcing 52

Planergy Software

APRIL 19, 2022

Without someone to properly source these materials and make purchasing decisions based on budgetary considerations, the cost of goods sold would probably rise, the company’s profit margin would go down, and the future of the business would be negatively impacted. But Justin isn’t only responsible for procuring materials.

Finance 52

Finance Accounting Out-Tasking Manufacturing 52

Obobo

MARCH 23, 2023

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.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

Planergy Software

OCTOBER 18, 2023

How strategic sourcing, 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 risk management resources, and offering 24/7 support for travelers in case of emergencies.

Finance 52

Finance Reduced Costs Management Risk Management 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

MARCH 24, 2022

It also involves risk management, supplier relationship management (SRM), and contract management. Monitor and Assess Supplier Performance To build successful and long-term supplier relationships, you must manage your vendor performance.

Management 52

Management Insurance Supply Chain Management Right-Sizing 52

Planergy Software

SEPTEMBER 20, 2023

How strategic sourcing, 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.

Management 52

Management Right-Sizing Software Finance 52

Planergy Software

SEPTEMBER 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. While these investments can lead to long-term benefits, they can also strain a company’s financial resources and require careful planning and risk management.

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. Sourcing Supply Chain Management. Local sourcing means that your raw materials come from other local businesses, which keeps the economy in good shape. Download Free Copy. Written by. Keith Murphy.

Supply Chain Management 52

Supply Chain Management Manufacturing Sourcing Retail 52

Planergy Software

DECEMBER 16, 2024

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend.

Finance 52

Finance Automation Reduced Costs Management 52