Future of Sourcing

MAY 9, 2023

Conducting Sourcing During a Crisis Following strategies are adopted by best-in-class procurement teams that help them navigate through the uncertainties faced during a calamity: 1. Investing in Collaborative Sourcing Every procurement expert stresses the importance of collaboration.

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Sourcing Collaborations Analytics Strategic Sourcing 52

Everest Group

JULY 18, 2023

Join this webinar as our expert analysts discuss the crucial design factors in evolving procurement and category management organizations, covering aspects such as accountability structures, emerging roles and skillsets, governance, policies, and outsourcing adoption. What questions will the webinar answer for the participants?

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Management Strategic Sourcing Outsourcing Government 58

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. When your process is efficient, your organization has economies of scale. Download Free Copy. Written by.

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Strategic Sourcing Sourcing Reduced Costs Supply Chain Management 59

SIG Speaks

DECEMBER 21, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Kate Burke outlines the necessary points for creating a strong, healthy, and productive relationship while ensuring your company has a clear path of intention and expectation. Incorporate guidelines on how long that personnel will remain on the account.

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Management Strategic Sourcing Government Sourcing 40

IBM Services

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. This enables an effective and adaptive approach to sourcing that creates value and minimizes risk.

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Administrative Sourcing Collaborations Strategic Sourcing 70

SIG Speaks

OCTOBER 19, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Kate Laing shares her perspective on the importance of a clear, concise presentation and how it is very important for the entire team and reinforces the depth of work performed and the criticality of procurement to your stakeholders.

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Strategic Sourcing Sourcing Manufacturing Risk Management 40

SIG Speaks

DECEMBER 20, 2022

By automating data capture (from invoices, for example), processes can be built to route the invoices to the appropriate person(s) and automatically code the invoice for correct accounting. Sourcing the right products from suitable suppliers at the right price is a constant challenge within purchasing departments.

Automation 40

Automation Strategic Sourcing Data Entry Sourcing 40

SIG Speaks

AUGUST 17, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Constance Bryant shares an honest account of how the change from a grassroots process to a more sophisticated tool for a Source-to-Contract process went for her and her organization. We must have practical E-sourcing tools that allow us to be efficient.

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Strategic Sourcing Sourcing Regulations Engineering 40

Everest Group

OCTOBER 31, 2022

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. Read this first part of our blog series to understand the shift that is underway.

Pharmaceuticals 52

Pharmaceuticals Strategic Sourcing Manufacturing Regulations 52

SIG Speaks

MARCH 8, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Thomas Moran shares the different types of KPIs that are vital to an organization and the importance of performance management. It creates accountability to ensure. Lagging KPIs are excellent when keeping accountability for your Vendor or outsourced work.

Management 40

Management BPO Global Outsourcing Outsourcing 40

NoonDalton

NOVEMBER 8, 2023

In the fast-paced world of global commerce, ‘outsourcing’ has often been synonymous with cost-cutting and efficiency—sometimes at the expense of ethical considerations and long-term sustainability. This economic system goes beyond sustainability; it aims to renew and revitalize its own sources of energy and materials.

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Outsourcing Accounting Regulations Strategic Sourcing 52

Planergy Software

DECEMBER 22, 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? What Is Days Sales Outstanding?

Sales 52

Sales Accounting Inventory Management Finance 52

Planergy Software

MARCH 2, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. In this blog post, we’ll cover what tail spend analysis is, its benefits, how to develop a plan for it, how to analyze data and trends, and how to best leverage tail spend analysis to improve efficiency.

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Strategic Sourcing Reduced Costs Sourcing Efficiency 52

SIG Speaks

JUNE 14, 2022

SIG University Certified Sourcing Professional (CSP) program graduate Nancy Wieskus shares the "Better Method" for procurement teams to implement into their procurement system. Stakeholders play a vital role and are crucial to sourcing initiatives by offering: Consent which allows for changes. Most important their expertise.

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Strategic Sourcing Sourcing Banking Retail 40

Planergy Software

SEPTEMBER 5, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Allocates Resources Efficiently Business budgeting lets you analyze your company’s financial needs and distribute resources accordingly. How to gain visibility and control of your indirect spend.

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Finance Software Accounting Management 92

Planergy Software

MARCH 29, 2022

It’s almost impossible for business leaders to make decisions based on myriad data sources until the big data is converted into relevant information and then actionable insights. Here’s another point worth noting — organizations often overlook the accounts payable department while trying to make better use of data.

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. An optimized spend management process can result in 90%+ in operational efficiency savings. Download Free Copy.

Management 52

Management Strategic Sourcing Accounting Right-Sizing 52

Planergy Software

DECEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Ultimately, marketing procurement can help organizations improve the efficiency and effectiveness of their marketing efforts, but it’s about more than sourcing strategies and agency relationships. Download Free Copy.

Marketing 52

Marketing Strategic Sourcing Out-Tasking Sourcing 52

SIG Speaks

APRIL 14, 2022

The above reflects the findings from a recent Ardent Partners paper , which suggests that today's efficient world-class supply management practice should involve "multiple internal and external stakeholders.". Through this synchronization, companies will be able to “retain value efficiently and effectively in a repeatable and scalable way.”.

Finance 40

Finance Co-Sourcing Sourcing Strategic Sourcing 40

Planergy Software

OCTOBER 17, 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?

Accounting 52

Accounting Finance Banking Strategic Sourcing 52

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

SIG Speaks

DECEMBER 13, 2022

SIG University Certified Sourcing Professional (CSP) program graduate Mahesh Khamkar discusses the concepts of business model mapping and cost modeling and how to apply them to your business. It's a pleasure to know that it's called Cost Modelling in the sourcing dictionary.

Co-Sourcing 40

Co-Sourcing Sourcing Strategic Sourcing Engineering 40

Planergy Software

DECEMBER 25, 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 Software Automation Analytics 52

SIG Speaks

MARCH 28, 2022

One of the significant advantages of the Sourcing Industry Group (SIG) is that members have unparalleled access to industry insights and expertise through our vast and diverse community of practitioners and thought leaders. Our second executive is Michael Koontz. In the right circumstances, our suppliers agree with this approach.

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Strategic Sourcing Sourcing Outsourcing Collaborations 40

Planergy Software

OCTOBER 26, 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?

Inventory Management 52

Inventory Management Sales Manufacturing Finance 52

Planergy Software

OCTOBER 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Sourcing Supply Chain Management. RFIs can also help buyers identify potential suppliers and compare them against each other, which is crucial for strategic sourcing. Download Free Copy. Written by. 15 min read.

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Supply Chain Management Strategic Sourcing Sourcing Finance 52

Planergy Software

MAY 30, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. But by implementing T&E management best practices, you can make the process simpler and more efficient. This can include automatically generating invoices, updating accounting records, and processing payroll.

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Management Automation Finance Reduced Overhead 52

Obobo

MARCH 23, 2023

Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing. Centralize purchasing to drive efficiency, streamline purchasing procedures, and minimize silos. Procurement teams can also use technology to manage purchasing more efficiently.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

Planergy Software

JULY 5, 2023

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.

Management 52

Management Accounting Finance Out-Tasking 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

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? Download PDF What’s your goal today?

Finance 52

Finance Reduced Costs Management Risk Management 52

Planergy Software

SEPTEMBER 6, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Different Types of Budgeting Methods There are various different types of budgets and budgeting models in accounting. How to gain visibility and control of your indirect spend.

Right-Sizing 52

Right-Sizing Finance Collaborations Accounting 52

Planergy Software

DECEMBER 12, 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? Download PDF What’s your goal today?

Finance 52

Finance Government Redistribution Administrative 52

Planergy Software

JULY 27, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Expense reporting is an important process for businesses as it helps to ensure that expenses are properly accounted for and that employees are reimbursed for legitimate business expenses promptly.

Data Entry 52

Data Entry Finance Software Accounting 52

Planergy Software

JANUARY 19, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. As it often proves reliable when estimating outcomes, this concept is widely used by various industries attempting to maximize their efficiency. How to gain visibility and control of your indirect spend.

Supply Chain Management 52

Supply Chain Management Reduced Costs Robotics Process Automation Analytics 52

Planergy Software

APRIL 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Process & Procedures Sourcing Supply Chain Management. Strategic The strategic level is the top level of supply chain management. It’s not just efficient and effective decision-making that matters.

Supply Chain Management 52

Supply Chain Management Manufacturing Sourcing Management 52

Obobo

JANUARY 15, 2023

It’s a question that has been asked by many businesses looking to make the most efficient use of their resources and maximize their profits. This could include reducing the cost of raw materials, negotiating better deals with suppliers, or improving the efficiency of your production process. What is Procurement Cost Savings?

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