IBM Services

DECEMBER 13, 2023

Examples of goals that are common to many procurement strategies include eliminating maverick spending, increasing delivery efficiency, minimizing errors and complying with applicable regulations. Additional goals might be risk management and mitigation, supplier relationship management and sustainability considerations.

Administrative 70

Administrative Sourcing Collaborations Strategic Sourcing 70

Planergy Software

OCTOBER 18, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. A well-structured corporate travel program helps businesses manage costs, ensure employee safety, and maintain a consistent travel experience. How to gain visibility and control of your indirect spend.

Finance 52

Finance Reduced Costs Management Risk Management 52

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.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52