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4 strategic sourcing use cases to strengthen your supply chain

IBM Services

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. And from that group, 71% would pay a premium for it.

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The Future of Procurement and Sourcing: The Effects of Artificial Intelligence in the Industry

SIG Speaks

SIG University Certified Sourcing Professional (CSP) program graduate Lauren Redden shares an excellent essay on the power of AI to transform the smart sourcing industry, in balance with the potential risks that companies must evaluate in employing more intelligent automation into their processes.

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Expense Reimbursement: What Is It, How To Manage, and What Should You Cover

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Regardless of how many reimbursement requests you expect to process within a calendar year, keeping records is crucial for accounting and taxes. How to gain visibility and control of your indirect spend.

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Expense Reporting: What Is It, Templates, and How To Fill A Report

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Software can help automate and streamline your processes. Compliance With Internal Controls Expense reports can help you ensure compliance with internal policies and external regulations. What Is Expense Reporting?

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How to build a successful procurement strategy

IBM Services

Examples of goals that are common to many procurement strategies include eliminating maverick spending, increasing delivery efficiency, minimizing errors and complying with applicable regulations. Moreover, an effective procurement strategy enhances operational efficiency by streamlining processes and introducing automation technologies.

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Corporate Travel Program: How To Create a Program for Employer and Employee Needs

Planergy Software

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? Download PDF What’s your goal today?

Finance 52
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Travel and Expense Policy: What Is It, Example Template, and Best Practices

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It’s efficient and cost-effective to have a predetermined budget for each employee that adheres to the company’s financial regulations – this ensures employee reimbursements are issued following company standards.

Finance 52