Ivemsa

SEPTEMBER 28, 2022

The common urge is to select the cheapest price for material procurement, though this could eventually cost more due to a lack of quality. Implementing strategic sourcing is a way to add long-term value and continually optimize manufacturing processes. This can be achieved through automated reporting.

Strategic Sourcing 52

Strategic Sourcing Nearshoring Sourcing Manufacturing 52

Obobo

MARCH 23, 2023

For companies looking to reduce costs, procurement is often one of the first places they look. Cost reduction during procurement processes can be accomplished through various strategies that range from the short-term to medium and long-term goals. Short-term Cost Reduction Strategies Short-term Cost Reduction Strategies: 1.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

Obobo

MARCH 7, 2023

Benefits of using purchase management software include increased efficiency, improved accuracy, and reduced costs. First, it can automate repetitive tasks such as creating purchase orders and sending them to suppliers. This frees up time for Procurement professionals to focus on more strategic tasks.

Software 40

Software Management Reduced Costs Data Entry 40

Planergy Software

OCTOBER 18, 2023

Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. What's Planergy? Modern Spend Management and Accounts Payable software.

Finance 52

Finance Reduced Costs Management Risk Management 52

Planergy Software

SEPTEMBER 20, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Corporate travel management software streamlines business travel processes by automating tasks such as booking flights, tracking expenses, and providing insights into travel spending patterns.

Management 52

Management Right-Sizing Software Finance 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. key Takeaway: Procurement savings are the cost reductions achieved by a company when purchasing goods and services through strategic sourcing.

Finance 45

Finance Strategic Sourcing Software Reduced Costs 45

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. Vendor consolidation provides several benefits, including: Reduced Costs through Economies of Scale.

Strategic Sourcing 52

Strategic Sourcing Reduced Costs Sourcing Supply Chain Management 52