IBM Services

DECEMBER 13, 2023

Additional goals might be risk management and mitigation, supplier relationship management and sustainability considerations. Benefits of a successful procurement strategy By implementing strategic sourcing and purchasing opportunities, organizations can achieve substantial cost savings.

Administrative 70

Administrative Sourcing Collaborations Strategic Sourcing 70

SIG Speaks

AUGUST 31, 2023

In order to ensure that the business model is sound, Procurement should include: Risk management strategies for ensuring contract resiliency. This occurs by automating processes, whitelisting suppliers, improving data analytics for pricing verification, etc. Contingency plans for supply chain disruption.

Collaborations 40

Collaborations Strategic Sourcing Sourcing Efficiency 40

Obobo

JULY 1, 2022

Technologies available today could automate more than half of the source-to-pay process. Lower procurement costs, greater savings, and more opportunities to pursue new sources of value. Can Source To Pay (S2P) Help Accounts Payable (AP)? The post What Is Source-To-Pay (S2P)? The potential? McKinsey & Company.

Sourcing 52

Sourcing Accounting Software Automation 52

Planergy Software

JANUARY 19, 2024

Modern Spend Management and Accounts Payable software. 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. Vendor analysis is crucial for risk management.

Risk Management 52

Risk Management Risk Management Supply Chain Management Sourcing 52

Planergy Software

SEPTEMBER 5, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Business budgeting software automates many of the manual processes, allowing you to quickly develop comprehensive financial plans without sacrificing accuracy or detail. Download PDF What’s your goal today?

Finance 92

Finance Software Accounting Management 92

Planergy Software

OCTOBER 18, 2023

Modern Spend Management and Accounts Payable software. 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. What's Planergy?

Finance 52

Finance Reduced Costs Management Risk Management 52

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

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 52

Management Right-Sizing Software Finance 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

APRIL 19, 2022

On the surface, aligning with operations makes sense, since procurement involves strategic sourcing of everything from the materials, and equipment needed to operate the business, to contract management. Use PLANERGY to manage purchasing and accounts payable. Identify areas where finance and procurement can work together.

Finance 52

Finance Accounting Out-Tasking Manufacturing 52

Planergy Software

MARCH 24, 2022

Implement a Supplier Management System Using technology and the power of Automation in your purchasing process can help improve efficiency while minimizing communication issues. It also involves risk management, supplier relationship management (SRM), and contract management. What’s your goal today?

Management 52

Management Insurance Supply Chain Management Right-Sizing 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

JANUARY 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. To keep consumers happy, your procurement team should closely evaluate all third-party vendors for risks and supply chain vulnerabilities. Supply chain and risk management has forever changed as a result.

Supply Chain Management 52

Supply Chain Management Manufacturing Sourcing Retail 52

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. They need to understand emerging technologies such as artificial intelligence, data analytics, and robotic process automation.

Finance 97

Finance Collaborations Flexibility Robotics Process Automation 97

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

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. The accounting software integration also ensures that you can manage the entire Source-to-Pay lifecycle. Download Free Copy.

Management 52

Management Strategic Sourcing Accounting Right-Sizing 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