SIG Speaks

MARCH 10, 2023

The Certified Sourcing Professional (CSP) Program is a 10-week course that focuses on the hard and soft skills of sourcing, including strategic sourcing and outsourcing methodologies, as well as best practices in negotiations.

Strategic Sourcing 40

Strategic Sourcing Sourcing Sales Administrative 40

SIG Speaks

MAY 10, 2022

As a Procurement Category Manager, I oversee the Marketing, Sales, Human Resources, and Facilities Operations categories of spend. The most considerable spend comes from Marketing. I never had an explicit exclusion (that I know of) from my other types in a sourcing event due to this. Stakeholder Ranking. learn more. .

Management 40

Management Third Party Contracting Strategic Sourcing Human Resources 40

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. This can lead to longer lead times and increased costs, making it difficult for them to remain competitive in the market.

Strategic Sourcing 52

Strategic Sourcing Reduced Costs Sourcing Supply Chain Management 52

Obobo

JUNE 15, 2022

How will using eSourcing , as well as eRFx ultimately help business owners make more informed decisions when it comes to their strategic sourcing initiatives? RFx brings together RFIs , RFPs and RFQs , and is, therefore, an acronym that is used more frequently in strategic sourcing and procurement. .

Strategic Sourcing 52

Strategic Sourcing Sourcing Software Streamline Operations 52

Future of Sourcing

MAY 9, 2023

A recent study by Mckinsey shows that in addition to regaining profitability and finding methods to conserve cash, businesses must also struggle with shifting dynamics in the supply market, evolving workplace practices, variable demand, and de-risking their supply chains to make them less susceptible to disruption.

Sourcing 52

Sourcing Collaborations Analytics Strategic Sourcing 52

NoonDalton

NOVEMBER 8, 2023

Benefits of Ethical Outsourcing for Businesses and Workers For businesses, ethical outsourcing can build a resilient supply chain and enhance brand reputation, which in turn can lead to increased customer loyalty and market share. Their purchasing power can shift market trends towards more ethical practices.

Outsourcing 52

Outsourcing Accounting Regulations Strategic Sourcing 52

SIG Speaks

JANUARY 13, 2023

For example, in the Marketing category spend where I have observed a shift from traditional media to non-traditional media. Master of Business Administration (MBA) Operations and Material Management, Rajgad Collage, Pune, India. Is there any shift in demand from one commodity to another commodity? learn more. .

Management 40

Management Sourcing Strategic Sourcing Administrative 40

SIG Speaks

NOVEMBER 8, 2022

He is a graduate of Bryant University’s class of 2021 with a degree in business administration, concentrating in marketing, sales & sociology. He has found a passion for working with sourcing and procurement professionals with experiences working for organizations like Fairmarkit and the Sourcing Industry Group. . .

Automation 40

Automation Strategic Sourcing Sales Design 40

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. What is Procurement?

Finance 45

Finance Strategic Sourcing Software Reduced Costs 45

Obobo

MARCH 23, 2023

Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing. Implement strategic sourcing by establishing a long-term plan that balances costs, risks, and benefits. – Implement online procurement systems to reduce administrative costs.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52