Obobo

AUGUST 16, 2022

Consider these best practices as you build the right supplier management system for your business. Your company may need a risk assessment professional or a risk assessment committee, depending on its size. A successful supplier management program goes beyond strategic sourcing. Table of Contents.

Management 52

Management Right-Sizing Supply Chain Management Strategic Sourcing 52

Planergy Software

MARCH 24, 2022

As you work to build the right supplier management system for your business, consider these best practices. Implement a Supplier Management System Using technology and the power of Automation in your purchasing process can help improve efficiency while minimizing communication issues.

Management 52

Management Insurance Supply Chain Management Right-Sizing 52

Planergy Software

OCTOBER 4, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Another advantage of big data analytics is that it can help organizations reduce costs and improve efficiency. Duplicate and irrelevant data needs to be removed or otherwise accounted for. Download Free Copy.

Analytics 52

Analytics Out-Tasking Right-Sizing Sourcing 52

Planergy Software

OCTOBER 25, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. You can avoid misunderstandings and resolve conflicts quickly and efficiently by keeping detailed records. Review your budget regularly and adjust it as needed to account for unexpected costs. Download Free Copy.

Management 52

Management Out-Tasking Finance Software 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

SIG Speaks

SEPTEMBER 28, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Sophie McNally shares how there is no one size fits all approach when it comes to ESG and that each company has to take a deep dive into what will ultimately work best for them. Labor rights and working conditions. Waste management recycling and reuse.

Sourcing 40

Sourcing Right-Sizing Strategic Sourcing Advisory 40

Planergy Software

MARCH 29, 2022

Here’s another point worth noting — organizations often overlook the accounts payable department while trying to make better use of data. Ask the right questions Once end goals have been identified, the next step is to figure out key information needed for informed business decisions. How do I present data in an actionable way?

Analytics 52

Analytics Accounting Finance Strategic Sourcing 52

Planergy Software

MARCH 25, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It also aims to improve efficiency, monitor and control workflows, and maintain regulatory compliance. All organizations, regardless of their size and type, should develop a spend management process.

Management 52

Management Strategic Sourcing Accounting Right-Sizing 52

Planergy Software

SEPTEMBER 24, 2021

. “Doing business in the new normal has underscored the importance of accurate and strategic financial planning paired with strategic flexibility, both aligned tightly with organizational goals for business performance.” ” Top Challenges and Priorities for CFOs.

Finance 97

Finance Collaborations Flexibility Robotics Process Automation 97