Planergy Software

OCTOBER 18, 2023

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Employee Safety and Security The program ensures that employees travel with reputable providers and have access to support services during their trips.

Finance 52

Finance Reduced Costs Management Risk Management 52

Obobo

JANUARY 15, 2023

Procurement cost savings is the process of reducing costs associated with acquiring goods or services, without sacrificing quality. In this article, we will explore the definition of procurement cost savings, as well as its advantages and disadvantages. What is procurement cost savings?

Reduced Costs 40

Reduced Costs Out-Tasking Strategic Sourcing Automation 40

Planergy Software

MARCH 2, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Introduction To Tail Spend Analysis Tail spend analysis examines a company’s spending patterns and identifies opportunities to reduce costs and improve efficiency.

Strategic Sourcing 52

Strategic Sourcing Reduced Costs Sourcing Efficiency 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. There are various types of cost savings , such as hard savings and soft savings, and not all savings are equal. What is Procurement? What is Procurement ?

Finance 45

Finance Strategic Sourcing Software Reduced Costs 45

Planergy Software

OCTOBER 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It allows organizations to assess whether or not there are suppliers capable of providing the goods or services they need before committing to issuing an RFP or RFQ. Download Free Copy. Written by.

Supply Chain Management 52

Supply Chain Management Strategic Sourcing Sourcing Finance 52

Obobo

AUGUST 2, 2022

In addition to data you capture and measure objectively, these KPIs should also take into account contextual factors and qualitative observations. You should define your scope of work (SOW) or service-level agreement (SLA) outside your boilerplate policy document. A successful supplier management program goes beyond strategic sourcing.

Management 64

Management Right-Sizing Supply Chain Management Strategic Sourcing 64

Obobo

MARCH 30, 2023

If you’re responsible for a procurement team , reducing costs is probably one of the main goals you care about. In fact, cutting costs is the primary KPI for most purchasing organizations. But what’s the best way to measure and report those cost savings ? How to Report Procurement Cost Savings?

Analytics 40

Analytics Reduced Costs Strategic Sourcing Software 40

Obobo

AUGUST 16, 2022

In addition to data you capture and measure objectively, these KPIs should also take into account contextual factors and qualitative observations. You should define your scope of work (SOW) or service-level agreement (SLA) outside your boilerplate policy document. A successful supplier management program goes beyond strategic sourcing.

Management 52

Management Right-Sizing Supply Chain Management Strategic Sourcing 52

Obobo

FEBRUARY 14, 2023

That’s why cost avoidance in procurement is more important than ever—it helps you ensure that you are getting the best value for your money while avoiding unnecessary costs. In this guide, we will explore what cost avoidance is and how you can use it to reduce your overall spending on supplies and services.

Automation 52

Automation Sourcing Strategic Sourcing Analytics 52

Planergy Software

JANUARY 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It allows companies to develop relationships with key suppliers who provide the best value for money and services, allowing for easier supply chain management and lower supply chain risk. Download Free Copy.

Supply Chain Management 52

Supply Chain Management Regulations Manufacturing Finance 52

Planergy Software

MARCH 24, 2022

Define your scope of work (SOW) or service-level agreements (SLAs) outside of your boilerplate policy document. Your contract should also include clearly delineated payment terms that describe the cost of services and products, the payment schedules, payees, and any late payment penalties.

Management 52

Management Insurance Supply Chain Management Right-Sizing 52

Planergy Software

OCTOBER 4, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Another advantage of big data analytics is that it can help organizations reduce costs and improve efficiency. Duplicate and irrelevant data needs to be removed or otherwise accounted for.

Analytics 52

Analytics Out-Tasking Right-Sizing 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

Planergy Software

MARCH 29, 2022

This step can make or break an organization’s ability to understand its data better and leverage it to maximize profitability, reduce cost, and create value for shareholders. 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

NOVEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Best Practices & Tips Strategic Sourcing Supplier Relationship Management. Supplier consolidation is the process of reducing the number of suppliers you use for a given product or service.

Strategic Sourcing 52

Strategic Sourcing Reduced Costs Sourcing Supply Chain Management 52

Planergy Software

FEBRUARY 8, 2022

Strategic Sourcing Supplier Performance Supplier Relationship Management. Why is developing collaborative relationships with your most strategic suppliers crucial to your success? It helps to make process improvements, reduce costs, and continues to encourage innovation in the products or services you offer.

Strategic Sourcing 52

Strategic Sourcing Supply Chain Management Collaborations Finance 52

Planergy Software

SEPTEMBER 12, 2023

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.

Manufacturing 52

Manufacturing E-Commerce Human Resources Marketing 52

Planergy Software

AUGUST 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It’s often tedious for many companies, as procurement involves identifying the right supplier and ensuring that goods and services meet organizational needs.

Sourcing 52

Sourcing Strategic Sourcing Finance Automation 52