Planergy Software

JANUARY 19, 2024

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?

Risk Management 52

Risk Management Risk Management Supply Chain Management Sourcing 52

Planergy Software

OCTOBER 18, 2023

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?

Finance 52

Finance Reduced Costs Management Risk Management 52

Planergy Software

JANUARY 26, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. What to Do About It Establish an emergency fund to account for changes in exchange rates and cost overruns. Supplier risk is always there, but using various risk management strategies can help you minimize the impact.

Supply Chain Management 52

Supply Chain Management Risk Management Risk Management Government 52

Planergy Software

SEPTEMBER 20, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Time and Cost Efficiency Employees may better understand their travel requirements and preferences, which can result in quicker decision-making and efficient bookings.

Management 52

Management Right-Sizing Software Finance 52

Planergy Software

APRIL 19, 2022

On the surface, aligning with operations makes sense, since procurement involves strategic sourcing of everything from the materials, and equipment needed to operate the business, to contract management. But P2P solutions also include the accounts payable process, which is traditionally part of the finance department.

Finance 52

Finance Accounting Out-Tasking Manufacturing 52

Obobo

MARCH 21, 2023

Procurement savings refer to the cost reductions that are achieved by a company when it purchases goods and services through a strategic sourcing process. By adopting best practices such as spend analysis, supplier management, and e-procurement , companies can save money and increase efficiency.

Finance 45

Finance Strategic Sourcing Software Reduced Costs 45

Planergy Software

MARCH 24, 2022

Implement a Supplier Management System Using technology and the power of Automation in your purchasing process can help improve efficiency while minimizing communication issues. It also involves risk management, supplier relationship management (SRM), and contract management. Download PDF. Book a Live Demo.

Management 52

Management Insurance Supply Chain Management Right-Sizing 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

Planergy Software

JANUARY 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. To keep consumers happy, your procurement team should closely evaluate all third-party vendors for risks and supply chain vulnerabilities. Supply chain and risk management has forever changed as a result.

Supply Chain Management 52

Supply Chain Management Manufacturing Sourcing Retail 52

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. AP manages critical financial data that can provide valuable insights for discovering potential savings.

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. How To Create Savings With Better Spend Management In Procurement. Spend management refers to the process of collecting, maintaining, categorizing, and reviewing spend data in an effort to reduce procurement costs.

Management 52

Management Strategic Sourcing Accounting Right-Sizing 52

Planergy Software

SEPTEMBER 24, 2021

Securing competitive advantage means mastering emerging technologies and developing strategies that incorporate risk management, data-driven decision making, and a collaborative, agile approach. It also eliminates data silos and reduces the risk of miscommunication. ” Top Challenges and Priorities for CFOs. The result?

Finance 97

Finance Collaborations Flexibility Robotics Process Automation 97

Planergy Software

SEPTEMBER 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Increased Efficiency: Optimizing Processes and Communication Vertical integration enables companies to streamline processes and improve communication between different stages of production.

Manufacturing 52

Manufacturing E-Commerce Human Resources Marketing 52

Future of Sourcing

MAY 9, 2023

Inculcating Contingency Planning The first step in risk management during a crisis is having a strategy. Remember that market circumstance won't always be favorable when developing your sourcing and procurement plans and be sure to account for uncertainties.

Sourcing 52

Sourcing Collaborations Analytics Strategic Sourcing 52