SIG Speaks

DECEMBER 13, 2022

In the future of advanced crowdsourcing for procurement, leaders will increasingly source ideas from resources with more diverse skill sets. As technology continues to expand in businesses, companies will replace human operational tasks with more automation. The first is advanced crowdsourcing. Now on to Cognitive Computing.

Cybersecurity 40

Cybersecurity Strategic Sourcing Sourcing Administrative 40

IBM Services

DECEMBER 13, 2023

It can nurture collaborative partnerships with suppliers and integrate ethical and environmental (green purchasing) considerations into the sourcing strategy. It should be a strategic roadmap that, when effectively designed and implemented, aligns with the mission of the organization and greatly contributes to its success.

Administrative 70

Administrative Sourcing Collaborations Strategic Sourcing 70

Sourcing Advisors Group

OCTOBER 27, 2020

The growing approved supplier base and decreasing supplier visibility will further deteriorate what is already a bleak performance of most Strategic Sourcing teams. In fact, most firms generate no Strategic Sourcing bottom-line results, as Vendor Spending is increasing as fast, or faster, than Revenue growth.

Risk Management 52

Risk Management Risk Management Efficiency Strategic Sourcing 52

Planergy Software

MARCH 2, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The process of tail spend analysis involves analyzing data from various sources, including supplier invoices, purchase orders, contracts, and other financial documents. This can make it difficult to track and manage.

Strategic Sourcing 52

Strategic Sourcing Reduced Costs Sourcing Efficiency 52

Obobo

MARCH 23, 2023

Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing. Leverage technology solutions to automate procurement procedures , improve compliance, and reduce costs. Procurement teams can also use technology to manage purchasing more efficiently.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

Planergy Software

DECEMBER 25, 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. Spreadsheets lack advanced capabilities to deliver critical insights for strategic and operational planning.

Finance 52

Finance Software Automation Analytics 52

SIG Speaks

AUGUST 31, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Andy Perkins highlights the key foundation for driving excellence between supplier and client in the new market we live in. This occurs by automating processes, whitelisting suppliers, improving data analytics for pricing verification, etc.

Collaborations 40

Collaborations Strategic Sourcing Sourcing Efficiency 40

SIG Speaks

OCTOBER 1, 2021

Procurement leaders can come out of the pandemic stronger by leveraging next-gen tools such as analytics, artificial intelligence, and automation. Connecting the Dots Between ESG Objectives and Source-to-Pay Processes. Digital Disruption in Sourcing and Procurement. learn more. . . learn more. . . learn more. . .

Co-Sourcing 40

Co-Sourcing Facilities Management Sourcing Analytics 40

SIG Speaks

APRIL 14, 2022

The paper then goes on to say that “the teams that should collaborate most directly are those focused on strategic sourcing and procure-to-pay.” The author then adds that "a successful source-to-settle workflow must look at the entire ecosystem that connects sourcing and procurement to accounts payable and treasury.".

Finance 40

Finance Co-Sourcing Sourcing Strategic Sourcing 40

Obobo

MARCH 30, 2023

Procurement cost savings refer to the savings achieved through strategic sourcing , negotiation, and reducing excess spending in procurement. Procurement teams can use e-procurement software and other tools to automate processes and reduce manual labor. Look for ways to automate manual processes and eliminate unnecessary steps.

Analytics 40

Analytics Reduced Costs Strategic Sourcing Software 40

Everest Group

SEPTEMBER 21, 2021

Everest Group is a research firm focused exclusively on IT, business process, and engineering services – this specialization results in a depth of expertise that our clients find invaluable when making critical, strategic decisions related to their use and delivery of sourcing services. Global sourcing advisory firms.

Global Sourcing Advisory 40

Global Sourcing Advisory BPO Advisory Strategic Sourcing 40

SIG Speaks

DECEMBER 7, 2021

Procurement leaders have emerged from the pandemic stronger and smarter thanks to the recent development of next-gen tools such as AI and automation to support strategic goals and build resilient organizations.

Strategic Sourcing 40

Strategic Sourcing Finance Sourcing Analytics 40

Planergy Software

JANUARY 19, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. While the main goal is to reduce costs and improve sourcing, it can also help improve supplier relationships, giving your organization a competitive advantage. How to gain visibility and control of your indirect spend.

Supply Chain Management 52

Supply Chain Management Reduced Costs Robotics Process Automation Analytics 52

The Hackett Group

AUGUST 10, 2021

Digital Awards – In early July, The Hackett Group announced the winners of its 2021 Digital Awards , which spotlight companies that are on the cutting edge of using digital transformation solutions, including automation, advanced analytics, and AI to hyper-automate end-to-end business operations.

Research 52

Research Analytics Sales Finance 52

Obobo

FEBRUARY 14, 2023

Automate where possible. Automation can help you reduce errors and speed up processes , leading to cost savings. Use data analytics. Data analytics can help you identify trends and patterns that can lead to cost savings opportunities. This is one of the most effective ways to reduce costs. Streamline your processes.

Automation 52

Automation Sourcing Strategic Sourcing Analytics 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

Planergy Software

SEPTEMBER 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. For businesses, a dedicated spend management software , like Planergy, with automated spend analytics and drill down reporting makes this much easier. How to gain visibility and control of your indirect spend.

Finance 52

Finance Insurance Software Management 52

Planergy Software

JULY 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Only 20% said their organizations use sustainability measures as primary criteria and sourcing decisions and supplier reviews. How to gain visibility and control of your indirect spend. Download Free Copy. Written by.

Supply Chain Management 52

Supply Chain Management Sourcing Manufacturing Finance 52

Planergy Software

AUGUST 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Organizations are constantly exploring new procurement methods to create a more strategic procurement strategy and ensure competitive procurement. How to gain visibility and control of your indirect spend.

Sourcing 52

Sourcing Strategic Sourcing Finance Automation 52

Planergy Software

MARCH 29, 2022

It’s almost impossible for business leaders to make decisions based on myriad data sources until the big data is converted into relevant information and then actionable insights. The goals should align with the company’s strategic priorities. Every user will have different expectations from the data analytics activity.

Analytics 52

Analytics Accounting Finance Strategic Sourcing 52

Planergy Software

SEPTEMBER 24, 2021

They need to understand emerging technologies such as artificial intelligence, data analytics, and robotic process automation. It improves data quality, which in turn improves the strategic utility of analytics, forecasting, reporting, and decision-making. Consequently, today’s CFOs need new skill sets and talents.

Finance 97

Finance Collaborations Flexibility Robotics Process Automation 97

Planergy Software

MARCH 25, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The accounting software integration also ensures that you can manage the entire Source-to-Pay lifecycle. How to gain visibility and control of your indirect spend. Download Free Copy.

Management 52

Management Strategic Sourcing Accounting Right-Sizing 52

Planergy Software

OCTOBER 13, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. While an Amazon business account is free to create, there are some optional paid features that users can choose to add on, such as Business Prime Shipping and Amazon Business Analytics. Download Free Copy. Written by.

Accounting 52

Accounting Banking Finance Strategic Sourcing 52