Automation, Efficiency, Research and Strategic Sourcing

3 Strategic Sourcing Steps and How Nearshoring to Mexico Plays a Part

Ivemsa

SEPTEMBER 28, 2022

Sourcing quality suppliers is essential to a production’s efficiency and overall success. Implementing strategic sourcing is a way to add long-term value and continually optimize manufacturing processes. Develop a Sourcing Strategy. After researching suppliers , narrow down to top candidates and begin seeking bids.

Strategic Sourcing

Strategic Sourcing Nearshoring Sourcing Manufacturing

Recap of CPO & Executive Virtual Series with ProcureAbility

SIG Speaks

DECEMBER 13, 2022

Conrad, CEO at ProcureAbility, opened the day by explaining the team's research methodology. This process consists of a team of experts who hypothesize on emerging trends and then conduct in-depth research to validate that analysis. Also, they predict that over 90% of sourcing will be done by either contractors or automation.

Cybersecurity

Cybersecurity Strategic Sourcing Sourcing Administrative

11 Cost Reduction Strategies in Procurement

Obobo

MARCH 23, 2023

Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing. Centralize purchasing to drive efficiency, streamline purchasing procedures, and minimize silos. However, it requires preparation and skill to achieve the best possible outcome.

Reduced Costs

Reduced Costs Inventory Management Automation Sourcing

Procurement Methods: How To Source and Evaluate The Best Suppliers To Work With

Planergy Software

AUGUST 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Open tendering is preferable as it allows companies to apply for multiple contracts at once, resulting in more efficient use of resources and reduced cost-over-runs from multiple procurement processes.

Sourcing

Sourcing Strategic Sourcing Finance Automation

How Procurement Has Bridged The Gap With Finance

SIG Speaks

APRIL 14, 2022

Additional insights from an excerpt of the research paper referenced in the same news report also indicate that: On average, only 46% of CFOs feel that the procurement team has contributed to enterprise growth. Through this synchronization, companies will be able to “retain value efficiently and effectively in a repeatable and scalable way.”.

Finance

Finance Co-Sourcing Sourcing Strategic Sourcing

This Month at SIG – July 2022

SIG Speaks

JULY 1, 2022

Join experts from Workday Strategic Sourcing as they outline how to enable an efficient and collaborative approach to procurement, take control of your spend, simplify contract management, and improve relationships with suppliers. register to attend. . . download the report. . Listen now. Subscribe. .

Strategic Sourcing

Strategic Sourcing Sourcing Collaborations Research

Budgeting Process: Steps and Best Practices for Planning a Budget

Planergy Software

SEPTEMBER 5, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Allocates Resources Efficiently Business budgeting lets you analyze your company’s financial needs and distribute resources accordingly. How to gain visibility and control of your indirect spend.

Finance

Finance Software Accounting Management

Procurement Cost Savings – Measure, report and increase cost savings

Obobo

MARCH 30, 2023

Procurement cost savings refer to the savings achieved through strategic sourcing , negotiation, and reducing excess spending in procurement. They can improve their financial position by reinvesting the savings into other areas of the business like research and development, marketing, or expanding their product line.

Analytics

Analytics Reduced Costs Strategic Sourcing Software

The Future of FP&A: How The Role Is Evolving With The Use Of Real-Time Data

Planergy Software

DECEMBER 25, 2023

Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Research shows that data-driven organizations outperform their competitors. What's Planergy?

Finance

Finance Software Automation Analytics

Marketing Procurement: Challenges and Best Practices

Planergy Software

DECEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Marketing category spend may include things like: Market research and benchmarking. Best Practices for Your Marketing Procurement Process and Strategic Sourcing. Download Free Copy. Written by. Use Technology.

Marketing

Marketing Strategic Sourcing Out-Tasking Sourcing

Services Procurement: What Is It and How To Manage It

Planergy Software

JULY 21, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Vendor Selection Research potential vendors and compare each one against your criteria before selecting a few finalists with whom you can negotiate contracts. How to gain visibility and control of your indirect spend.

Management

Management Service Strategic Sourcing Supply Chain Management

Strategic Budgeting: What Is It, Process, and Best Practices

Planergy Software

SEPTEMBER 6, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This method encourages efficiency and reduces unnecessary spending by forcing organizations to evaluate each expenditure and its contribution to its goals carefully. How to gain visibility and control of your indirect spend.

Right-Sizing

Right-Sizing Finance Collaborations Accounting

The Top 8 Business Travel Management Tools

Planergy Software

SEPTEMBER 20, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Corporate travel management software streamlines business travel processes by automating tasks such as booking flights, tracking expenses, and providing insights into travel spending patterns.

Management

Management Right-Sizing Software Finance

CFO Challenges and Priorities in 2021 And Beyond

Planergy Software

SEPTEMBER 24, 2021

They need to understand emerging technologies such as artificial intelligence, data analytics, and robotic process automation. What changes are necessary to maximize our procedures, protocols, and processes for maximum performance and efficiency—both in the finance department, and the organization as a whole?

Finance

Finance Collaborations Flexibility Robotics Process Automation

Pareto Analysis in Procurement: How To Use Spend Analysis To Cut Costs

Planergy Software

JANUARY 19, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. As it often proves reliable when estimating outcomes, this concept is widely used by various industries attempting to maximize their efficiency. How to gain visibility and control of your indirect spend.

Supply Chain Management

Supply Chain Management Reduced Costs Robotics Process Automation Analytics

Vendor Analysis: What Is It, Process, Types, and Best Practices

Planergy Software

JANUARY 19, 2024

Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Efficiency: Evaluate how efficiently the vendor can deliver their products or services.

Risk Management

Risk Management Risk Management Supply Chain Management Sourcing

P-Cards: What Are Corporate Purchasing Cards and How Do They Work

Planergy Software

JULY 14, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. P-cards are an efficient way of managing small and routine purchases without the need for paperwork and lengthy purchase approval processes. How to gain visibility and control of your indirect spend. How Do P-Cards Work?

Banking

Banking Labor Costs Strategic Sourcing Accounting

Cost Avoidance in Procurement- The Ultimate Guide

Obobo

FEBRUARY 14, 2023

In order to avoid costs, procurement teams must be proactive and take actions such as negotiating better prices with suppliers, improving processes to reduce waste, and conducting market research to find cheaper alternatives. Automate where possible. This is one of the most effective ways to reduce costs. Streamline your processes.

Automation

Automation Sourcing Strategic Sourcing Analytics

Preferred Vendor: What They Are and Why You Should Have A Preferred Vendor Program

Planergy Software

NOVEMBER 1, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. PSPs benefit buyers because they can lead to reduced costs, improved quality and service levels, and increased procurement efficiency. Research Potential Vendors. Download Free Copy. What’s your goal today?

Reduced Costs

Reduced Costs Finance Accounting Strategic Sourcing

7 Tips For Managing Project Budgets Successfully

Planergy Software

OCTOBER 25, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. You can avoid misunderstandings and resolve conflicts quickly and efficiently by keeping detailed records. Be Efficient with Resource Management. How to gain visibility and control of your indirect spend. Written by.

Management

Management Out-Tasking Finance Software

ESG Procurement: Sustainability Through Procurement Strategy

Planergy Software

APRIL 25, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. And as everyone races to become as efficient as possible, inventory was at the lowest possible level, if it even existed at all, thanks to just-in-time processes. How to gain visibility and control of your indirect spend.

Finance

Finance Strategic Sourcing Government Management

The Benefits of Localized Supply Chain

Planergy Software

JANUARY 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. When a company achieves a resilient supply chain, they ultimately have more efficient operations, improve productivity, and greater risk reduction. How to gain visibility and control of your indirect spend. Written by.

Supply Chain Management

Supply Chain Management Manufacturing Sourcing Retail

Global Sourcing Brief

3 Strategic Sourcing Steps and How Nearshoring to Mexico Plays a Part

Recap of CPO & Executive Virtual Series with ProcureAbility

Trending Sources

11 Cost Reduction Strategies in Procurement

Procurement Methods: How To Source and Evaluate The Best Suppliers To Work With

How Procurement Has Bridged The Gap With Finance

This Month at SIG – July 2022

Budgeting Process: Steps and Best Practices for Planning a Budget

Procurement Cost Savings – Measure, report and increase cost savings

The Future of FP&A: How The Role Is Evolving With The Use Of Real-Time Data

Marketing Procurement: Challenges and Best Practices

Services Procurement: What Is It and How To Manage It

Strategic Budgeting: What Is It, Process, and Best Practices

The Top 8 Business Travel Management Tools

CFO Challenges and Priorities in 2021 And Beyond

Pareto Analysis in Procurement: How To Use Spend Analysis To Cut Costs

Vendor Analysis: What Is It, Process, Types, and Best Practices

P-Cards: What Are Corporate Purchasing Cards and How Do They Work

Cost Avoidance in Procurement- The Ultimate Guide

Preferred Vendor: What They Are and Why You Should Have A Preferred Vendor Program

7 Tips For Managing Project Budgets Successfully

ESG Procurement: Sustainability Through Procurement Strategy

The Benefits of Localized Supply Chain

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