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Clashing Priorities: Vendor Diversification vs Efficiency and Vendor Risk Management

Sourcing Advisors Group

Tier 1 suppliers) and most have virtually no visibility into the remaining base, which typically account for 90%+ of all suppliers and at least 50% of the total vendor spending. The growing approved supplier base and decreasing supplier visibility will further deteriorate what is already a bleak performance of most Strategic Sourcing teams.

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The Importance of Selecting the Right Sourcing Business Model

SIG Speaks

SIG University Certified Supplier Management Professional (CSMP) program graduate Gicela Isla-Richter breaks down the importance of the selecting the correct sourcing business model and the levels of supplier management. Supplier performance management - the supplier is managed by a specific KPI. The GRC Tool.

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If IT Is from Mars, Procurement Is from Venus: 5 Steps to Break the Chasm between IT and Procurement for IT Sourcing

Everest Group

It may seem at times that the IT and procurement departments can be on different planets when it comes to IT sourcing services spend. Anyone who has set up a new procurement department at a firm with large volumes of untracked indirect spend knows they first need to target the IT department and get involved in their sourcing projects.

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Comparing In-house vs Virtual CFO Services: Which Option Is Better for You?

Invedus

Before making a final selection, many factors are taken into consideration, including the operational area, size, and organizational requirements. The accounting team works with the CFO to create a roadmap for the company’s better future. Also, the CFO might not be able to provide the ideal level of productivity right soon.

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The path to embedded sustainability

IBM Services

While ESG seeks to provide standard methods and approaches to measuring across environmental, social and governance KPIs, and holds organizations accountable for that performance, sustainability is far broader. As we have seen with any sort of external reporting liabilities, this type of accountability does drive action.

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GAAP: What It Is and Why Your Investors Expect It

inDinero

Accrual Accounting is a vital component of Generally Accepted Accounting Principles (GAAP). Understanding the principles of GAAP accrual accounting can be challenging and daunting; however, with the right guidance, it can be achieved. What are Generally Accepted Accounting Principles (GAAP)?

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The top ESG trends in 2024

IBM Services

It refers to a set of metrics used to measure an organization’s environmental and social impact and has become increasingly important as it relates to a company’s business model, risk management strategy , reporting requirements and more. Consider investor expectations around net-zero targets.