Obobo

MARCH 20, 2023

What Is A Procurement Contact And Why Is It Important? Do you ever wonder how your favorite businesses source the goods and services they need to thrive? But what really makes this process tick is a document known as the procurement contract. What is a procurement contact?

Government 40

Government Manufacturing Regulations Sourcing 40

Planergy Software

NOVEMBER 1, 2022

We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with PLANERGY. Preferred Vendor: What They Are and Why You Should Have A Preferred Vendor Program. Preferred Supplier Program Benefits. Clients and results. King Ocean.

Reduced Costs 52

Reduced Costs Finance Accounting Strategic Sourcing 52

Obobo

MARCH 20, 2023

What Is Performance Bond In Procurement And Why Is It Important? A performance bond is a crucial aspect of any procurement process that can protect both buyers and suppliers from potential risks. What is performance bond in procurement? The most common use of performance bonds is in contracts between suppliers and customers.

Insurance 40

Insurance Government Accounting Service 40

SIG Speaks

DECEMBER 6, 2022

SIG University Certified Supplier Management Professional (CSMP) program graduate Cathy Rutherford describes how curcial Governance is in a procurement organization and how it can transform your team for the better. . Critical to any department’s success is balancing real-world challenges with your Governance program. .

Government 40

Government Retail Banking Strategic Sourcing 40

SIG Speaks

NOVEMBER 15, 2022

SIG University Certified Supplier Management Professional (CSMP) program graduate Damilare Adeoye discusses why having a strong relationship with suppliers makes for more compatible businesses. Successful supplier identification, qualification, and onboarding require a stringent supplier relationship check.

Pharmaceuticals 40

Pharmaceuticals Supply Chain Management Government Strategic Sourcing 40

SIG Speaks

NOVEMBER 4, 2022

SIG University Certified Supplier Management Professional (CSMP) program graduate Grzegorz A. ski shares a different perspective on how to implement modern governance into a supplier-vendor relationship. This is just a task to do.” Whether or not we are aware of this, this is a fact.

Government 40

Government Manufacturing Engineering Administrative 40

SIG Speaks

MAY 25, 2023

When selecting a supplier to meet business needs, the quality of matching values cannot be over-emphasized regarding focusses on governance and quality significance. The question seeming to dictate success reflects whether this supplier can add to business objectives or has the power to strip that potential away.

Risk Management 40

Risk Management Risk Management Banking Pharmaceuticals 40

SIG Speaks

NOVEMBER 9, 2023

SIG University Certified Supplier Management Professional (CSMP) program graduate Erika Marzilli shares her personal experience in project management and how accepting sudden change can be hard, but it is always worth it in the end. We couldn’t even agree on what to call this thing because it was the first of its kind.

Management 40

Management Healthcare Government Software 40

Planergy Software

JANUARY 19, 2024

What's Planergy? Learn more We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. What is Vendor Analysis? What is a Vendor Analysis Report? What Does a Vendor Analyst Do?

Risk Management 52

Risk Management Risk Management Supply Chain Management Sourcing 52

Obobo

NOVEMBER 19, 2021

As we approach the end of the 2021, companies are looking for ways that they can strengthen their finances after Covid and against the threat of inflation and interest rate rises next year. This means that for every £1 million of supplier spend there is a potential saving of between £70,000 to £120,000 per annum to be made.

Sourcing 52

Sourcing Insurance Software Finance 52

Obobo

APRIL 5, 2023

What Is A Vendor Information Management System? In this blog post, we’ll dive into the basics of what a VIMS is, how it works, and why it’s essential for any business that wants to streamline their vendor management process. What is a Vendor Information Management System?

Management 52

Management Reduced Costs Right-Sizing Automation 52

SIG Speaks

NOVEMBER 4, 2022

What is due diligence? Working in the utility industry, which is highly regulated, "contractor" due diligence has always been a part of how we evaluate contractors on some level. The procurement department has to move quickly to manage contracts and purchase orders while ensuring the third party meets our corporate standards. . .

Risk Management 40

Risk Management Risk Management Government Collaborations 40

SIG Speaks

AUGUST 24, 2023

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Steve Williams provides a look through Johari’s Window, and how knowing what we know and don’t know can unlock our understanding of a company’s risk profile while supporting it through negotiated contracts and governance.

Government 40

Government Risk Management Risk Management Cybersecurity 40

Obobo

MARCH 23, 2023

In this blog post, we are going to examine 11 effective cost reduction strategies in procurement. We will discuss tactics for short-term wins, medium-term optimizations and long-term value creation. Optimize supplier relationships by building strong, long-term partnerships based on trust and transparency.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

Future of Digital Sourcing Outsourcing

AUGUST 30, 2019

Delivery of medical services is provided by the Canadian government, but execution remains in the hands of individual provinces. “The riskiest thing you can do is stand still and not change. Our challenge is to find ways to do it without risking sinking the ship.”

Collaborations 52

Collaborations Government Healthcare Research 52

Planergy Software

OCTOBER 20, 2022

We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with PLANERGY. RFI, RFP, RFQ, ROI, RFT: What’s the Difference? Knowing when to use which document for what purpose can dramatically improve your procurement process.

Supply Chain Management 52

Supply Chain Management Strategic Sourcing Sourcing Finance 52

31 West

SEPTEMBER 8, 2022

Consider becoming one of them to get back on your feet and stay in the game by letting an IT service outsourcing provider do the leg work for you. What Is IT Service Outsourcing? What Is IT Service Outsourcing? The best advice we can give is to keep in touch with your outsourcing partners. Professional Touch.

Outsourcing 130

Outsourcing Service Cybersecurity Out-Tasking 130

Obobo

AUGUST 23, 2022

The Ultimate Supplier Onboarding Process. The process of establishing new supplier relationships can be complex. Your business may be at risk of losing valuable business if you do not have a clear system in place for onboarding and developing these partnerships. What is supplier onboarding? No contracts to cancel.

Regulations 52

Regulations Out-Tasking Efficiency Automation 52

Obobo

AUGUST 22, 2022

The Ultimate Supplier Onboarding Process. The process of establishing new supplier relationships can be complex. Your business may be at risk of losing valuable business if you do not have a clear system in place for onboarding and developing these partnerships. What is supplier onboarding? No contracts to cancel.

Regulations 52

Regulations Out-Tasking Efficiency Automation 52

SIG Speaks

NOVEMBER 17, 2022

I have never set up a bid, negotiated a contract, or put together an agreement myself. But I have much experience working with sourcing as an “outsider,” and the CSP course helped me better understand what sourcing organizations do. . Why do I consider myself an “outsider” even though I’ve always worked with sourcing?

Strategic Sourcing 40

Strategic Sourcing Sourcing Regulations Government 40

Obobo

JUNE 17, 2022

You will gain confidence managing RFPs by using the tools we offer in this blog. As a starting point, we’ll discuss the different types, roles, and steps of the RFP process. What is a Request For Proposal (RFP)? Most organizations prefer to launch their projects using RFPs, and many governments always use them.

Strategic Sourcing 52

Strategic Sourcing Government Software Sourcing 52

Magellan Solutions

FEBRUARY 20, 2023

Each party typically makes some compromises during a contract negotiation to obtain what it truly wants. When negotiating a contract, it’s important to remember that both parties want to come away with a good result. Without a written contract, customers and vendors might easily exploit one another.

Outsourcing 52

Outsourcing Flexibility Research Government 52

Everest Group

SEPTEMBER 25, 2023

The three Original Equipment Manufacturers (OEMs) argue that the proposed UAW contract would hinder their competitiveness in transitioning to EVs. The three auto OEMs contend that they must shift towards manufacturing EVs to comply with government regulations and maintain competitiveness in the automotive industry.

Manufacturing 64

Manufacturing Out-Tasking Engineering Healthcare 64

Obobo

MARCH 19, 2023

Contract management can be a daunting and complex topic. Procurement professionals need to understand how contract management works in order to maximize their success in the procurement process. In this article, we’ll dive deep into the concept of contract management in procurement. Table Of Content.

Management 40

Management Reduced Costs Risk Management Risk Management 40

The Hackett Group

DECEMBER 10, 2021

Today, data is embraced as one of the most valuable company assets, because it is not only a record of what happened… it can be used to gain insight into what is likely to happen in the future. Benefits: Vendor efficiency, procurement and contract compliance, SLA tracking, vendor portfolio optimization. Pay the Consequences.

Analytics 98

Analytics Government Automation Efficiency 98

Obobo

MARCH 7, 2023

What Are Trigger Events And How Do They Affect Businesses In Procurement? But what exactly are trigger events and how do they impact businesses in procurement? In this blog post, we’ll take a deep dive into the concept of trigger events and explore their influence on the procurement landscape.

Regulations 40

Regulations Government Flexibility Efficiency 40

Obobo

DECEMBER 14, 2022

What is an Invitation To Bid? ” But what exactly is an ITB? In this blog post, we will explore the ITB process in more detail and provide some tips on how to create a strong proposal. What is an Invitation To Bid? What is the difference between an Invitation To Bid and a Request For Proposal? Definition.

Government 40

Government Flexibility Jobbing Service 40

Obobo

MARCH 19, 2023

Vendor contracts management is a critical component of any business, no matter its size or industry. In this article, we’ll provide an overview of vendor contract management and how it can benefit your business. By implementing vendor contract management, businesses can get more control over their supplier relationships.

Management 40

Management Reduced Costs Automation Accounting 40

Planergy Software

JUNE 1, 2023

Clients and results More Customers We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. How AP can improve relationships with your key suppliers. What Are the Functions of Accounts Payable?

Accounting 52

Accounting Automation Out-Tasking Risk Management 52

Obobo

MARCH 30, 2023

This analysis can help you understand which categories consume the most resources, and where you can find opportunities for consolidation or negotiation with suppliers. Negotiate for Better Pricing: Negotiating with suppliers is a fundamental way to achieve cost savings in procurement. What is Procurement Cost Savings?

Analytics 40

Analytics Reduced Costs Strategic Sourcing Software 40

Obobo

MARCH 20, 2023

What Is A Bafo In Procurement And Why Is It Important? It may sound like a funny word, but it holds significant importance when it comes to negotiating contracts and deals. In this blog post, we’ll dive into what exactly a BAFO is, its role in procurement processes, and why it’s crucial for successful negotiations.

Retail 40

Retail Efficiency Government Sales 40

Obobo

APRIL 5, 2023

What Is Procurement Esg? So, what is procurement ESG exactly? In this blog post, we will explore its meaning, significance and how it can positively impact your business operations. So, what is procurement ESG exactly? What is procurement? What is Esg? Have you heard of procurement ESG?

Reduced Costs 40

Reduced Costs Sourcing Efficiency Government 40

Magellan Solutions

AUGUST 31, 2022

WHY DO COMPANIES OUTSOURCE THEIR BUSINESS? Let’s examine a few significant examples of bad outsourcing to see what we can learn from them. . #1) It was a $863 million, seven-year contract. Choose the ideal contract structure for the operation. The Queensland Government made an attempt to sue IBM.

Outsourcing 75

Outsourcing Banking Offshoring Out-Tasking 75

inDinero

SEPTEMBER 1, 2023

Table of Contents What industries do best during a recession? What strategies can a company use in an economic downturn? In this article, we will explore some strategies to use in less-than-favorable economic environments and how they can be applied to help companies withstand the challenges posed by an economic downturn.

Reduced Overhead 52

Reduced Overhead Accounting Efficiency Right-Sizing 52

Obobo

JANUARY 25, 2023

eSourcing – The Ultimate Guide to eSourcing Software Introduction to eSourcing eSourcing software is a tool that streamlines the process of sourcing and procuring products and services from suppliers. It allows buyers to request quotes from multiple suppliers, compare prices and terms, and track supplier performance.

Software 40

Software Sourcing Out-Tasking Right-Sizing 40

inDinero

JUNE 29, 2023

What are Generally Accepted Accounting Principles (GAAP)? Additionally, GAAP ensures that businesses remain compliant with government regulations regarding financial reporting. But what are these components that make up this essential system? What is Accrual Accounting? monthly, quarterly, or annually.

Accounting 98

Accounting Regulations Finance Payroll 98

inDinero

APRIL 8, 2023

What sets cash and accrual accounting approaches apart? Additionally, what does “accrual” denote when it comes to accounting? In this blog post, we hack through the weeds to give you the information you’re looking for. What Is Cash Basis Accounting? What Does Accrual Mean in Accounting Terms?

Accounting 52

Accounting Banking Insurance Out-Tasking 52