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. Several factors determine whether a business model is efficient and effective.

Collaborations 40

Collaborations Strategic Sourcing Sourcing Efficiency 40

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 Conrad noted, future procurement organizations will be a smaller, more desegregated and more efficient teams. This will lead to centralized procurement processes, procedures and data analytics.

Cybersecurity 40

Cybersecurity Strategic Sourcing Sourcing Administrative 40

Planergy Software

MARCH 2, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. In this blog post, we’ll cover what tail spend analysis is, its benefits, how to develop a plan for it, how to analyze data and trends, and how to best leverage tail spend analysis to improve efficiency.

Strategic Sourcing 52

Strategic Sourcing Reduced Costs Sourcing Efficiency 52

SIG Speaks

APRIL 14, 2022

The above reflects the findings from a recent Ardent Partners paper , which suggests that today's efficient world-class supply management practice should involve "multiple internal and external stakeholders.". Through this synchronization, companies will be able to “retain value efficiently and effectively in a repeatable and scalable way.”.

Finance 40

Finance Co-Sourcing Sourcing Strategic Sourcing 40

Obobo

MARCH 23, 2023

Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing. Centralize purchasing to drive efficiency, streamline purchasing procedures, and minimize silos. Procurement teams can also use technology to manage purchasing more efficiently.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

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. The heart of procurement sits at the intersection of efficiencies and people.

Strategic Sourcing 40

Strategic Sourcing Finance Sourcing Analytics 40

Obobo

MARCH 30, 2023

Procurement cost savings refer to the savings achieved through strategic sourcing , negotiation, and reducing excess spending in procurement. The ability to collaborate and communicate regularly with suppliers can lead to better relationships, efficiencies, and increased innovation.

Analytics 40

Analytics Reduced Costs Strategic Sourcing Software 40

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

NoonDalton

NOVEMBER 8, 2023

In the fast-paced world of global commerce, ‘outsourcing’ has often been synonymous with cost-cutting and efficiency—sometimes at the expense of ethical considerations and long-term sustainability. This economic system goes beyond sustainability; it aims to renew and revitalize its own sources of energy and materials.

Outsourcing 52

Outsourcing Accounting Regulations Strategic Sourcing 52

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

FEBRUARY 14, 2023

Use data analytics. Data analytics can help you identify trends and patterns that can lead to cost savings opportunities. Sourcing from low-cost countries: Another way to avoid costs is to source goods and services from countries where labor and materials are relatively inexpensive. 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. Time and Cost Efficiency Employees may better understand their travel requirements and preferences, which can result in quicker decision-making and efficient bookings.

Management 52

Management Right-Sizing Software Finance 52

Planergy Software

JULY 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Strong and sturdy credentials drive down costs by as much as 10% since these companies are focusing on operational efficiency and waste reduction. How to gain visibility and control of your indirect spend. Download Free Copy.

Supply Chain Management 52

Supply Chain Management Sourcing Manufacturing Finance 52

Planergy Software

SEPTEMBER 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Fuel costs are essential for vehicle operation and depend on fuel efficiency and driving habits. Create standard reports, schedule them, and use spend analytics software to gain better insights.

Finance 52

Finance Insurance Software Management 52

Future of Sourcing

MAY 9, 2023

Conducting Sourcing During a Crisis Following strategies are adopted by best-in-class procurement teams that help them navigate through the uncertainties faced during a calamity: 1. Investing in Collaborative Sourcing Every procurement expert stresses the importance of collaboration.

Sourcing 52

Sourcing Collaborations Analytics Strategic Sourcing 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. It also aims to improve efficiency, monitor and control workflows, and maintain regulatory compliance. An optimized spend management process can result in 90%+ in operational efficiency savings. Download Free Copy.

Management 52

Management Strategic Sourcing Accounting Right-Sizing 52