IBM Services

JANUARY 31, 2024

Sourcing isn’t just a concern for procurement teams. The sourcing process sits within supply chain management and is used for identifying, vetting and selecting the best suppliers. The sourcing process sits within supply chain management and is used for identifying, vetting and selecting the best suppliers.

Sourcing 99

Sourcing Strategic Sourcing Supply Chain Management Outsourcing 99

SourcX

OCTOBER 12, 2020

Many businesses acknowledge the advantages of sourcing in low cost countries. 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.

Strategic Sourcing 52

Strategic Sourcing Sourcing Labor Costs Out-Tasking 52

Planergy Software

JULY 14, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Your procurement cards can be tied to a bank account or a credit card. This cuts down on your overall procurement costs, allowing you to funnel the savings into other areas of your business.

Banking 52

Banking Labor Costs Strategic Sourcing Accounting 52

Planergy Software

JANUARY 19, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Using ABC Analysis: Class A: These purchases account for 80% of your total cost of purchases for 20% of suppliers. 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

JANUARY 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Sourcing Supply Chain Management. Local sourcing means that your raw materials come from other local businesses, which keeps the economy in good shape. Download Free Copy. Written by. Keith Murphy.

Supply Chain Management 52

Supply Chain Management Manufacturing Sourcing Retail 52

Obobo

MARCH 30, 2023

Benchmarking, price variance, and standard cost analysis are effective methods for measuring cost savings, while a comprehensive report should include savings achieved, scope, methodology, and future opportunities. What are the Benefits of Procurement Cost Savings?

Analytics 40

Analytics Reduced Costs Strategic Sourcing Software 40

Obobo

MARCH 23, 2023

In the medium term, cost reduction strategies can lead to larger savings, including effective contract negotiation , consolidation of suppliers or products, and streamlining of procurement processes. Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52