Administrative Regulations Right-Sizing Strategic Sourcing 
Planergy Software
OCTOBER 18, 2023
How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Businesses can reduce administrative burdens, improve policy compliance, and optimize their travel spend by offering a centralized, streamlined approach to managing travel arrangements.
Obobo
MARCH 23, 2023
Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing. Overall, these 11 cost reduction strategies in procurement demonstrate that companies can significantly reduce costs and maintain profitability with the right procurement management practices.
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