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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.

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Days Sales Outstanding: What Is It and How To Calculate It

Planergy Software

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. That’s why many CFOs and accounting managers use Days Sales Outstanding to determine how quickly their customers pay their invoices.

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11 Cost Reduction Strategies in Procurement

Obobo

11 Cost Reduction Strategies in Procurement Procurement is a crucial function in businesses, responsible for acquiring the goods and services needed to keep operations running smoothly. However, managing procurement can be costly, and costs can add up quickly.

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The Benefits of Localized Supply Chain

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. How businesses operate and how consumers shop and receive the goods and services they need. Much of the brand’s failure in the Canadian market is due to poor inventory management. Written by.

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Catalog Management in Procurement: What Is It, Types of Catalogs, Challenges and Best Practices To Manage Them

Planergy Software

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Catalog management in procurement is the strategic process of managing and maintaining a product catalog within an organization.

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Horizontal vs. Vertical Integration: A Comprehensive Guide

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This can involve activities such as acquiring or establishing distribution channels, retail outlets, or service centers. How to gain visibility and control of your indirect spend.

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Supply Chain Decisions: Skills and Best Practices

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Example decisions made at this level include deciding the products or services that the company will offer. Use automation to collect data from inventory management systems across multiple distributions centers.