Obobo

AUGUST 25, 2022

What Is Strategic Sourcing? In the context of digital transformation, procurement and supply chain processes are evolving as a result of strategic sourcing, and the trend is poised to continue. This is what differentiates strategic sourcing from conventional purchasing. . How Does Strategic Sourcing Work?

Strategic Sourcing 59

Strategic Sourcing Sourcing Supply Chain Management Right-Sizing 59

Obobo

AUGUST 24, 2022

What Is Strategic Sourcing? In the context of digital transformation, procurement and supply chain processes are evolving as a result of strategic sourcing, and the trend is poised to continue. This is what differentiates strategic sourcing from conventional purchasing. . How Does Strategic Sourcing Work?

Strategic Sourcing 52

Strategic Sourcing Sourcing Supply Chain Management Right-Sizing 52

Obobo

AUGUST 2, 2022

Consider these best practices as you build the right supplier management system for your business. You should write down your supplier management policy as a document. As part of the supplier management policy document, you should outline the ideal number of suppliers according to the categories you have defined.

Management 64

Management Right-Sizing Supply Chain Management Strategic Sourcing 64

Obobo

AUGUST 16, 2022

Consider these best practices as you build the right supplier management system for your business. You should write down your supplier management policy as a document. As part of the supplier management policy document, you should outline the ideal number of suppliers according to the categories you have defined.

Management 52

Management Right-Sizing Supply Chain Management Strategic Sourcing 52

Planergy Software

OCTOBER 18, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Creating your policy document is a crucial step in setting up a successful business travel program, as it will help ensure that all employees understand the expectations and guidelines related to their travels.

Finance 52

Finance Reduced Costs Management Risk Management 52

Planergy Software

MARCH 24, 2022

As you work to build the right supplier management system for your business, consider these best practices. Develop a Vendor Management Policy A vendor management policy is a document that tells senior management and the board members about all of your vendor management activities.

Management 52

Management Insurance Supply Chain Management Right-Sizing 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