SIG Speaks

DECEMBER 21, 2023

Requiring the supplier to report on performance enables data-backed decisions and discussion and drives accountability of performance. In performance and investment-based contracts, strategic business reviews should occur quarterly to review escalated issues, drive continuous improvement, and share strategy.

Management 40

Management Strategic Sourcing Government 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. No longer can strategic sourcing be just in time and just in case. Download Free Copy. Written by.

Strategic Sourcing 59

Strategic Sourcing Sourcing Reduced Costs Supply Chain Management 59

SIG Speaks

NOVEMBER 28, 2022

Once we have an agreement with suppliers to adjust payment terms, payment dates, or payment amounts, I’ve been working with my spend management and accounts payable teams to memorialize the new terms. My strategic sourcing team is providing great value right now to my company. learn more. .

Sourcing 40

Sourcing Strategic Sourcing Supply Chain Management Software 40

Everest Group

OCTOBER 31, 2022

Supply chain visibility, strategic sourcing, cold chain requirements, sustainability demands, and personalized medicine are creating opportunities in the life sciences supply chain for IT partners delivering digital solutions. Read this first part of our blog series to understand the shift that is underway.

Pharmaceuticals 52

Pharmaceuticals Strategic Sourcing Manufacturing Regulations 52

SIG Speaks

DECEMBER 20, 2022

By automating data capture (from invoices, for example), processes can be built to route the invoices to the appropriate person(s) and automatically code the invoice for correct accounting. Intelligent automation benefits span the entire Source-to-Pay process.

Automation 40

Automation Strategic Sourcing Data Entry Sourcing 40

Sourcing Advisors Group

OCTOBER 27, 2020

Tier 1 suppliers) and most have virtually no visibility into the remaining base, which typically account for 90%+ of all suppliers and at least 50% of the total vendor spending. The growing approved supplier base and decreasing supplier visibility will further deteriorate what is already a bleak performance of most Strategic Sourcing teams.

Risk Management 52

Risk Management Risk Management Efficiency Strategic Sourcing 52

SIG Speaks

OCTOBER 19, 2023

By presenting clearly and concisely, procurement professionals can foster transparency and accountability, enabling executives to make informed decisions based on a thorough understanding of the procurement function's contributions. One of the primary objectives of procurement is to achieve cost savings while maintaining quality and efficiency.

Strategic Sourcing 40

Strategic Sourcing Sourcing Manufacturing Risk Management 40

Planergy Software

OCTOBER 17, 2023

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It also contains detailed information about your credit accounts, payment history, and any public records such as bankruptcies or tax liens. What's Planergy?

Accounting 52

Accounting Finance Banking Strategic Sourcing 52

Planergy Software

DECEMBER 22, 2023

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. That’s why many CFOs and accounting managers use Days Sales Outstanding to determine how quickly their customers pay their invoices. What's Planergy?

Sales 52

Sales Accounting Inventory Management Finance 52

SIG Speaks

OCTOBER 12, 2023

An article by Forbes titled “Smart Sourcing: AI Can Amplify CPO-Led Human Intelligence” noted the idea of ‘Smart Sourcing’ which starts with tackling a huge volume of relevant data associated with every individual purchase. She specializes in category management, strategic sourcing and procurement policies and procedures.

Sourcing 40

Sourcing Strategic Sourcing Outsourcing Regulations 40

SIG Speaks

SEPTEMBER 28, 2023

The Certified Sourcing Professional (CSP) Program is a 10-week course that focuses on the hard and soft skills of sourcing, including strategic sourcing and outsourcing methodologies, as well as best practices in negotiations.

Sourcing 40

Sourcing Right-Sizing Strategic Sourcing Advisory 40

NoonDalton

NOVEMBER 8, 2023

Companies and economies are increasingly held accountable by consumers and stakeholders who demand transparency and responsibility. Transparency and Accountability: Companies engage in open communication about their outsourcing practices and are accountable for their partners’ adherence to ethical standards.

Outsourcing 52

Outsourcing Accounting Regulations Strategic Sourcing 52

SIG Speaks

AUGUST 17, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Constance Bryant shares an honest account of how the change from a grassroots process to a more sophisticated tool for a Source-to-Contract process went for her and her organization. The hope was to streamline the source-to-contract process.

Strategic Sourcing 40

Strategic Sourcing Sourcing Regulations Engineering 40

Planergy Software

JULY 14, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Your procurement cards can be tied to a bank account or a credit card. This can result in less on-contract spend and reduce realized cost savings from strategic sourcing initiatives.

Banking 52

Banking Labor Costs Strategic Sourcing Accounting 52

SIG Speaks

APRIL 29, 2022

Rather than just a generalized or conceptual discussion on ESG, these individuals delivered personal and detailed accounts regarding the successful transformation of their supply chains to align with social imperatives and financial objectives. Director Strategic Sourcing (Yahoo Inc) for being on our panel.

Strategic Sourcing 40

Strategic Sourcing Manufacturing Sourcing Government 40

SIG Speaks

MARCH 8, 2023

KPIs are necessary to determine if a business is meeting its goals, give accountability, and leverage the health of outsourced relationships based on performance metrics. It creates accountability to ensure. Lagging KPIs are excellent when keeping accountability for your Vendor or outsourced work.

Management 40

Management BPO Global Outsourcing Outsourcing 40

Planergy Software

MARCH 25, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Why Accounting Integration Matters Whatever spend management or procurement platform you use it should also integrate with your accounting software or ERP. How to gain visibility and control of your indirect spend.

Management 52

Management Strategic Sourcing Accounting Right-Sizing 52

Planergy Software

MARCH 29, 2022

Here’s another point worth noting — organizations often overlook the accounts payable department while trying to make better use of data. Translate information into insights The final step is to derive the required information to make better strategic decisions and generate more value from data.

Analytics 52

Analytics Accounting Finance Strategic Sourcing 52

Planergy Software

JULY 5, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Regardless of how many reimbursement requests you expect to process within a calendar year, keeping records is crucial for accounting and taxes. How to gain visibility and control of your indirect spend.

Management 52

Management Accounting Finance Out-Tasking 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. Use PLANERGY to manage purchasing and accounts payable. How to report and analyze indirect spend to identify savings opportunities.

Strategic Sourcing 52

Strategic Sourcing Reduced Costs Sourcing Supply Chain Management 52

Planergy Software

SEPTEMBER 5, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. No matter what your budget looks like, set aside some funds to account for unexpected expenses or overages. How to gain visibility and control of your indirect spend. 12 months) as new data becomes available.

Finance 92

Finance Software Accounting Management 92

Obobo

JULY 1, 2022

Source to pay process: 1. Sourcing 3. Accounts Payable (invoice & PO processing) 9. Procure To Pay (P2P) Purchasing and accounts payable are integrated in procure-to-pay systems in order to increase efficiency. Can Source To Pay (S2P) Help Accounts Payable (AP)? Internal Demand 2. Supplier Bidding 4.

Sourcing 52

Sourcing Accounting Software Automation 52

SIG Speaks

JUNE 14, 2022

The hybrid procurement method combines a central procurement base with subject matter experts (SMEs) already in each department to balance stakeholders' functionalities and strategic sourcing, which gives the business the best of both worlds. . This is where category managers will begin to build out their teams. learn more. .

Strategic Sourcing 40

Strategic Sourcing Sourcing Banking Retail 40

IBM Services

DECEMBER 13, 2023

Procure-to-pay (P2P) software links procurement practices to accounts payable and can streamline steps such as supply management, purchase orders and invoicing. Benefits of a successful procurement strategy By implementing strategic sourcing and purchasing opportunities, organizations can achieve substantial cost savings.

Administrative 71

Administrative Sourcing Collaborations Strategic Sourcing 71

Planergy Software

JULY 21, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Whether you work with a small business or enterprise-level partner, strategic sourcing is key because you want to keep stakeholders happy. How to gain visibility and control of your indirect spend.

Management 52

Management Service Strategic Sourcing Supply Chain Management 52

Planergy Software

FEBRUARY 8, 2022

Strategic Sourcing Supplier Performance Supplier Relationship Management. This means focusing your attention and effort on the top 80% of the spend which usually accounts for 20% of your supplier database. Use PLANERGY to manage purchasing and accounts payable. Download Free Copy. Written by. Rob Biedron. 14 min read.

Strategic Sourcing 52

Strategic Sourcing Supply Chain Management Collaborations Finance 52

Planergy Software

AUGUST 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Single-source procurement can save time and money while ensuring accountability and quality of service. Spend analytics can be used to better inform procurement decisions and enable better strategic sourcing.

Sourcing 52

Sourcing Strategic Sourcing Finance Automation 52

Planergy Software

JULY 27, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Expense reporting is an important process for businesses as it helps to ensure that expenses are properly accounted for and that employees are reimbursed for legitimate business expenses promptly.

Data Entry 52

Data Entry Finance Software Accounting 52

SIG Speaks

MAY 10, 2022

Then there are intervention and execution strategies that need to be taken into account—the project manager has a vast understanding to keep everyone engaged and on time. Lastly, there needs to be measurement and accountability. . Measure the process and success of the engagement and hold those accountable for doing their part.

Risk Management 40

Risk Management Risk Management Sourcing Strategic Sourcing 40

Planergy Software

DECEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. That means working with agile partners, which most standard procurement strategies don’t account for. Best Practices for Your Marketing Procurement Process and Strategic Sourcing. Download Free Copy. Written by.

Marketing 52

Marketing Strategic Sourcing Out-Tasking Sourcing 52

Planergy Software

JANUARY 18, 2024

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Factor in catalog management to your supplier onboarding process to ensure new suppliers are accounted for as you start to purchase from them. What's Planergy?

Management 52

Management Inventory Management Regulations E-Commerce 52

Planergy Software

DECEMBER 25, 2023

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Often accounting ratios and formulas are used to measure performance of finance KPIs over time. What's Planergy? Download PDF What’s your goal today?

Finance 52

Finance Software Automation Analytics 52

Planergy Software

SEPTEMBER 20, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It promotes a sense of responsibility and accountability, fostering a positive work environment. How to gain visibility and control of your indirect spend. What Is the Difference Between Business Travel and Leisure Travel?

Management 52

Management Right-Sizing Software Finance 52

SIG Speaks

DECEMBER 15, 2022

With the agreement of both companies, we were able to eliminate all the paperwork created daily and was replaced with electronic documents and files that were transferred between companies which facilitated deliveries and accountability and even delivered a.02% 02% discount for my company. learn more. .

Manufacturing 40

Manufacturing Sourcing Strategic Sourcing Engineering 40

Planergy Software

SEPTEMBER 6, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Different Types of Budgeting Methods There are various different types of budgets and budgeting models in accounting. How to gain visibility and control of your indirect spend. Download PDF What’s your goal today?

Right-Sizing 52

Right-Sizing Finance Collaborations Accounting 52

SIG Speaks

DECEMBER 6, 2022

The Procurement Team must collaborate with the Legal Team and the Accounts Payable Team more than ever to make sure everything is set up correctly both in the supplier setup module and in the contract module to ensure that government requirements are correct on the supplier setup.

Government 40

Government Retail Banking Strategic Sourcing 40

Planergy Software

OCTOBER 13, 2023

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Maintain GAG Receipts Keeping accurate records of GAG receipts is crucial for transparency and accountability. What's Planergy?

Finance 52

Finance Government Flexibility Redistribution 52