Remove 2021 Remove Efficiency Remove Sourcing Remove Strategic Sourcing
article thumbnail

CFOs Can More Than Double Planned Cost Reductions Using Strategic Sourcing

Sourcing Advisors Group

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.

article thumbnail

Change Management/Sourcing Change Management

SIG Speaks

SIG University Certified Sourcing Professional (CSP) program graduate Andrew Beck shares the difficulties associated with change management in sourcing and how it can help improve inefficiencies. To gain efficiencies, reduce costs and ensure long-term viability, the company executives wanted to consolidate the company as one.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

CFO Challenges and Priorities in 2021 And Beyond

Planergy Software

AP automation immediately lowers costs—still the number one priority for CFOs in 2021, according to Deloitte research—and sets up further cost reductions over time via continuous improvement via self-guided process optimization. The post CFO Challenges and Priorities in 2021 And Beyond appeared first on PLANERGY Software. The result?

Finance 97
article thumbnail

2023 FOSA Finalists

Future of Sourcing

Innovations in Sustainability Dräeger – Using Smart Processes to Create Resilient Supply Chains SAP / DSM - Firmenich – How Royal DSM and SAP Digitalized Global Procurement Processes for Strategic Source-to-Pay Capabilities and Sustainability Safety Projects International, Inc.

article thumbnail

Five Factors Transforming the Life Sciences Supply Chain and Creating IT Opportunities | Blog

Everest Group

Supply chain visibility, strategic sourcing, cold chain requirements, sustainability demands, and personalized medicine are creating opportunities in the life sciences supply chain for IT partners delivering digital solutions. ESG funds in biopharma companies increased 27% in 2021 from the prior year.

article thumbnail

A Post Pandemic Imperative

SIG Speaks

SIG University Certified Sourcing Professional (CSP) program graduate Nick Fratto describes how sourcing professionals must adapt to a post pandemic industry and how to find the perfect supplier's for your business. Bottlenecks, stockouts, shipping delays, and inflated costs have become common obstacles for sourcing practitioners.

article thumbnail

How To Calculate Procurement Savings

Obobo

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. Savings tracking refers to a method of estimating how much a company will save by using strategic sourcing and other cost-effective tactics.