Obobo

MARCH 30, 2023

Benchmarking, price variance, and standard cost analysis are effective methods for measuring cost savings, while a comprehensive report should include savings achieved, scope, methodology, and future opportunities. What are the Benefits of Procurement Cost Savings? This can help you reduce errors and improve efficiency.

Analytics 40

Analytics Reduced Costs Strategic Sourcing Software 40

Planergy Software

JANUARY 19, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. As it often proves reliable when estimating outcomes, this concept is widely used by various industries attempting to maximize their efficiency. How to gain visibility and control of your indirect spend.

Supply Chain Management 52

Supply Chain Management Reduced Costs Robotics Process Automation Analytics 52

Obobo

MARCH 23, 2023

In the medium term, cost reduction strategies can lead to larger savings, including effective contract negotiation , consolidation of suppliers or products, and streamlining of procurement processes. Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52