Sourcing Advisors Group

JULY 15, 2020

Upskill Procurement’s Strategic Sourcing Expertise. It is no secret that most Procurement teams lack Strategic Sourcing expertise. Unfortunately, this example is not an exception and it goes a long way to explaining why most firms are unable to generate any Strategic Sourcing financial results.

Strategic Sourcing 52

Strategic Sourcing Sourcing Analytics Management 52

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

SIG Speaks

DECEMBER 13, 2022

ProcureAbility predicts that by 2030, strategic sourcing will take no longer than two weeks, thanks to cognitive computing. Also, they predict that over 90% of sourcing will be done by either contractors or automation. This will lead to centralized procurement processes, procedures and data analytics.

Cybersecurity 40

Cybersecurity Strategic Sourcing Sourcing Administrative 40

SIG Speaks

MAY 6, 2022

In this article, we hear takeaways from a recent CPO Rountable discussion from Michael Koontz, VP, Strategic Sourcing & Business Leader for American Tire Distributors (ATD) Sourcing Solutions. Of course, the ATD Sourcing Solutions group adds value well beyond negotiating a volume discount for goods and services.

E-Commerce 40

E-Commerce Strategic Sourcing Retail Sourcing 40

SIG Speaks

OCTOBER 12, 2023

AI-powered technologies are set to revolutionize the reporting aspect of procurement and sourcing. With automated analytics and data processing capabilities, businesses can obtain valuable insights from large volumes of data. She specializes in category management, strategic sourcing and procurement policies and procedures.

Sourcing 40

Sourcing Strategic Sourcing Outsourcing Regulations 40

SIG Speaks

APRIL 6, 2023

The Certified Sourcing Professional (CSP) Program is a 10-week course that focuses on the hard and soft skills of sourcing, including strategic sourcing and outsourcing methodologies, as well as best practices in negotiations.

Strategic Sourcing 40

Strategic Sourcing Sourcing Analytics Sales 40

Future of Sourcing

MAY 9, 2023

Proactive procurement teams rely on solid spend analytics that depicts a single picture of all their spending to reach the unmatchable degree of visibility. Your spend analytics should show growth and drops in spending throughout your company from various budget owners.

Sourcing 52

Sourcing Collaborations Analytics Strategic Sourcing 52

Perficient Digital Transformation

NOVEMBER 8, 2021

Supply chain performance and analytics. Strategic sourcing and spend control. Supply chain transformation opportunities include: Supply chain strategy and organizational effectiveness. Technology and data enablement. Procure-to-pay process improvement. Cycle time reduction. Inventory and materials-management.

Supply Chain Management 69

Supply Chain Management E-Commerce Manufacturing Strategic Sourcing 69

Planergy Software

MARCH 29, 2022

Here is a 5-step process that can help you convert raw data into actionable insights: Set clear end business goals and objectives It’s critical for an organization to keep an eye on the prize — the end goals to be achieved from data analytics should be clearly outlined. The goals should align with the company’s strategic priorities.

Analytics 52

Analytics Accounting Finance Strategic Sourcing 52

Obobo

MARCH 30, 2023

Procurement cost savings refer to the savings achieved through strategic sourcing , negotiation, and reducing excess spending in procurement. These reports can be broadly categorized into three categories: compliance reports, cost savings reports, and spend analytics reports. What are the Benefits of Procurement Cost Savings?

Analytics 40

Analytics Reduced Costs Strategic Sourcing Software 40

SIG Speaks

JULY 1, 2022

In other words, in the world of procurement and strategic sourcing, the importance of resilient supply chains has been a point of discussion for some time. Based on experience, I would not be off base in suggesting that this same theme applies to the subject of supply chain resiliency.

Supply Chain Management 40

Supply Chain Management Strategic Sourcing Engineering Sourcing 40

IBM Services

DECEMBER 13, 2023

Additional procurement software includes spend analytics tools and supplier relationship management (SRM) software. Benefits of a successful procurement strategy By implementing strategic sourcing and purchasing opportunities, organizations can achieve substantial cost savings.

Administrative 70

Administrative Sourcing Collaborations Strategic Sourcing 70

SIG Speaks

AUGUST 31, 2023

This occurs by automating processes, whitelisting suppliers, improving data analytics for pricing verification, etc. The fourth factor to consider when assessing business models for Procurement is to look at the level of technological adoption. Efficiency and effectiveness are impacted significantly by technology.

Collaborations 40

Collaborations Strategic Sourcing Sourcing Efficiency 40

The Hackett Group

NOVEMBER 9, 2021

The Hackett Group (NASDAQ: HCKT) is an intellectual property-based strategic consultancy and leading enterprise benchmarking and best practices digital transformation firm to global companies, with offerings that include cloud ERP, EPM and analytics implementation.

Pharmaceuticals 97

Pharmaceuticals Information Technology Global Business Services Finance 97

SIG Speaks

MAY 10, 2022

The Certified Sourcing Professional (CSP) Program is a 10-week course that focuses on the hard and soft skills of sourcing, including strategic sourcing and outsourcing methodologies, as well as best practices in negotiations. learn more. . the world leader in commercial real estate information.

Management 40

Management Third Party Contracting Strategic Sourcing Human Resources 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

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

Sarah Holliman

AUGUST 30, 2017

Artificial Intelligence Best Practices Strategic Sourcing Tags: machine learning AddThis: Headshot: Blogger Name and Title: Sarah Holliman, Chief Marketing Officer, SIG Blogger Bio: Sarah Holliman is the Chief Marketing Officer at SIG and has more than 20 years of experience in the sourcing industry. Opportunity.

Banking 130

Banking Strategic Sourcing Sourcing Outsourcing 130

Planergy Software

DECEMBER 25, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Using the best business budgeting software and procure-to-pay software with powerful reporting and analytics functionality, like Planergy, gives FP&A the tools they need to give actionable insights.

Finance 52

Finance Software Automation Analytics 52

Planergy Software

MARCH 2, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Spend analytics involves classifying your spending data, identifying relevant trends, and implementing solutions that improve your purchasing power. Spend analytics can be performed by hand or with the help of software.

Strategic Sourcing 52

Strategic Sourcing Reduced Costs Sourcing Efficiency 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

Everest Group

SEPTEMBER 21, 2021

The candidate must be able to analyze, write, participate actively in the sales cycle, consult, present in front of large and small audiences, work with senior executives, develop complex and compelling scenarios, and work with clients solving strategic outsourcing issues. To know more about the practice, visit [link]. Key responsibilities.

Global Sourcing Advisory 40

Global Sourcing Advisory BPO Advisory Strategic Sourcing 40

SIG Speaks

DECEMBER 6, 2022

Cathy career has demonstrated hands-on leader with outstanding analytical and communication skills in providing key information across all levels of the organization. Skilled in developing and implementing internal processes that consistently improve business organization and productivity.

Government 40

Government Retail Banking Strategic Sourcing 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. Using Data Analytics to Manage GNFR Expenses and Improve Profitability. Building Resilient Procurement Organizations with Travel & Expense Technology. learn more. . . learn more. .

Co-Sourcing 40

Co-Sourcing Facilities Management Sourcing Analytics 40

Planergy Software

AUGUST 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Spend analytics can be used to better inform procurement decisions and enable better strategic sourcing. How to gain visibility and control of your indirect spend.

Sourcing 52

Sourcing Strategic Sourcing Finance Automation 52

Planergy Software

JANUARY 19, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. 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

Everest Group

OCTOBER 31, 2022

Most companies lack the analytical tools to completely integrate and analyze data from various systems at all levels – from the plant’s local work centers to the world’s end-to-end supply chain. As a result, the massive data generated during the pandemic provided little usable information and insights.

Pharmaceuticals 52

Pharmaceuticals Manufacturing Strategic Sourcing Regulations 52

Everest Group

SEPTEMBER 21, 2021

Work closely with Everest Group’s sales and marketing team to help in the close and delivery of engagements on issues of technology, IT services, and strategic sourcing. Strong problem-solving skills and analytical capability, and high levels of intellectual curiosity. Required skills.

Global Sourcing Advisory 40

Global Sourcing Advisory Research Advisory 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. Implement strategic sourcing by establishing a long-term plan that balances costs, risks, and benefits. – Use predictive analytics to forecast future demand and price trends.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

SIG Speaks

DECEMBER 28, 2021

Also, the application of process excellence should support the initial assessment with analytical data in the form of value stream maps, Pareto analysis, and measuring the duration the process takes to complete. Finally, change management and stakeholder buy-in are absolutely critical when implementing any transformational objective.

Automation 40

Automation Robotics Process Automation Strategic Sourcing Sourcing 40

Planergy Software

MARCH 25, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The spend analytics data is a key part of spotting savings opportunities, making data-driven decisions, and even improving supplier management. ?If How to gain visibility and control of your indirect spend.

Management 52

Management Strategic Sourcing Accounting Right-Sizing 52

NoonDalton

NOVEMBER 8, 2023

A leading retailer that utilizes AI-driven analytics to minimize data processing waste, ensuring optimal resource allocation in sales support. The challenges of implementing ethical outsourcing are real and substantial, yet they are surmountable with a dedicated approach to transparency, accountability, and strategic sourcing.

Outsourcing 52

Outsourcing Accounting Regulations Strategic Sourcing 52

Planergy Software

SEPTEMBER 20, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Customizable policy enforcement and approval workflows help ensure compliance with company policies, while detailed analytics and insights into travel spending enable you to make informed decisions about your travel program.

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

Obobo

FEBRUARY 14, 2023

Use data analytics. Data analytics can help you identify trends and patterns that can lead to cost savings opportunities. This can be accomplished through a variety of means, including strategic sourcing, contract management , spend analysis, and supplier relationship management. Streamline your processes.

Automation 52

Automation Sourcing Strategic Sourcing Analytics 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