Sourcing Advisors Group
JUNE 22, 2020
Digital Initiatives for Revenue Growth – one of the key 2020 CEO priorities – have a direct connection to increase in IT spending. Even as CIOs are seeing increasing demands on IT organizations, their budgets are down 5%+ YOY (as of May 2020), and down 8% from the expected increases as the beginning of 2020 according to Lozada.
Sourcing Advisors Group
JUNE 29, 2020
Gartner survey shows that CFOs have already made material – if temporary – cost reductions, and most plan to implement more cost cutting in the second part of 2020 and in 2021. Firms can more than double targeted cost reductions by applying best-practice Strategic Sourcing.
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Everest Group
OCTOBER 14, 2021
It may seem at times that the IT and procurement departments can be on different planets when it comes to IT sourcing services spend. Anyone who has set up a new procurement department at a firm with large volumes of untracked indirect spend knows they first need to target the IT department and get involved in their sourcing projects.
Sourcing Advisors Group
JULY 15, 2020
Ardent Partners Procurement Metrics that Matter in 2020 findings, sponsored by Ivalua , were presented in a recent webinar with 3 most interesting observations: Cash Flow Management and Cost Reduction will be THE priority for CPOs and Sr. Upskill Procurement’s Strategic Sourcing Expertise. Improve Data Analytical Skills.
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. In 2020 when the coronavirus pandemic first hit, procurement departments were faced with a number of challenges.
SIG Speaks
JUNE 13, 2023
SIG University Certified Sourcing Professional (CSP) program graduate Brynn Wheeler describes how to manage stakeholders for RFX by fostering a trusting atmosphere and inspiring participation. In 2020, Brynn left the aerospace domain to join Sprouts’ indirect sourcing team as an analyst and has since advanced to a procurement specialist.
SIG Speaks
APRIL 14, 2022
Fast Forward To 2020. The paper then goes on to say that “the teams that should collaborate most directly are those focused on strategic sourcing and procure-to-pay.” These areas include prioritizing sourcing pipelines, structuring sourcing events, identifying suppliers, and negotiating contracts.
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