SourcX

OCTOBER 12, 2020

Increasing numbers of executives see the writing on the wall, and can no longer ignore the fact that sourcing in low cost countries can reduce labor costs and give them access to robust manufacturing facilities. What is Strategic Sourcing? What is Sourcing Optimization? What is Procurement Consulting?

Strategic Sourcing 52

Strategic Sourcing Sourcing Labor Costs Out-Tasking 52

Planergy Software

JANUARY 19, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The same principle applies to spend analysis and procurement management: by focusing on the most expensive products and services, you can get the biggest return on investment in terms of cost savings.

Supply Chain Management 52

Supply Chain Management Reduced Costs Robotics Process Automation Analytics 52

Obobo

MARCH 30, 2023

Standard cost analysis: This method compares the actual cost of purchasing goods and services with the standard cost established by the procurement team. How to Report Procurement Cost Savings? Once the procurement cost savings have been measured, it is important to report them to the relevant stakeholders.

Analytics 40

Analytics Reduced Costs Strategic Sourcing Software 40

Planergy Software

JANUARY 20, 2022

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. Lower Costs Logistics are an expensive part of operations, often outweighing labor costs.

Supply Chain Management 52

Supply Chain Management Manufacturing Sourcing Retail 52

Obobo

MARCH 23, 2023

With these proven strategies, you can reduce your costs and ensure every penny counts in your business. 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.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

IBM Services

JANUARY 31, 2024

Sourcing isn’t just a concern for procurement teams. With rising consumer and stakeholder expectations around ethical and responsible supply chains, who supplies your organization’s goods and services is also a C-suite consideration. It’s distinct from the procurement process.

Sourcing 99

Sourcing Strategic Sourcing Supply Chain Management Outsourcing 99