SIG Speaks

APRIL 14, 2022

His reasoning was supported by a 2006 article that asserted, “Too often, finance executives in Corporate America simply don’t believe that purchasing departments are really bringing in the savings they claim" because “financing and purchasing don’t speak the same language.”. Of course, recognizing the need to collaborate is not enough.

Finance 40

Finance Co-Sourcing Sourcing Strategic Sourcing 40

Planergy Software

DECEMBER 25, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. These tasks require dealing with multiple data sources, assumptions, scenarios, and stakeholders, all while facing tight deadlines, changing expectations, and market volatility. download a free copy of our guide 3.

Finance 52

Finance Software Automation Analytics 52

Planergy Software

OCTOBER 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Sourcing Supply Chain Management. RFIs can also help buyers identify potential suppliers and compare them against each other, which is crucial for strategic sourcing. Download Free Copy. Written by. 15 min read.

Supply Chain Management 52

Supply Chain Management Strategic Sourcing Sourcing Finance 52

Planergy Software

JANUARY 19, 2024

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This cross-functional collaborative approach can lead to better project outcomes, increased stakeholder satisfaction, and stronger vendor relationships. Download PDF What’s your goal today?

Risk Management 52

Risk Management Risk Management Supply Chain Management Sourcing 52

Planergy Software

OCTOBER 18, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. These connections can lead to new partnerships, collaborations, and business opportunities that drive growth and innovation. Many readers tell us they would have paid consultants for the advice in these articles.

Finance 52

Finance Reduced Costs Management Risk Management 52

Planergy Software

SEPTEMBER 6, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Inaccurate projections can lead to poor decision-making and resource allocation, ultimately undermining the effectiveness of the strategic budget. This involves other departments collaborating effectively with finance.

Right-Sizing 52

Right-Sizing Finance Collaborations Accounting 52

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

Planergy Software

JANUARY 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. IN THIS ARTICLE. Creating Strategic Partnerships. Ensuring that all ingredients are sourced from reputable suppliers is vital for maintaining a product’s health and safety standards. Download Free Copy.

Supply Chain Management 52

Supply Chain Management Regulations Manufacturing Finance 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

DECEMBER 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Estimating Income and Expenditure On the income side, this includes predicting revenues from various sources such as government funding (dedicated schools grants, for instance), donations, and fundraising activities.

Finance 52

Finance Government Redistribution Administrative 52

Planergy Software

APRIL 19, 2022

Without someone to properly source these materials and make purchasing decisions based on budgetary considerations, the cost of goods sold would probably rise, the company’s profit margin would go down, and the future of the business would be negatively impacted. But Justin isn’t only responsible for procuring materials. Related Posts.

Finance 52

Finance Accounting Out-Tasking Manufacturing 52

Planergy Software

SEPTEMBER 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. In this article, we will explore discretionary expenses in both personal and business contexts, including their definition, examples, and best practices for managing them. download a free copy of our guide 3.

Finance 52

Finance Insurance Software Management 52

Obobo

MARCH 21, 2023

In this article, we’ll look at what Procurement teams need to understand about savings so that they can identify every possible opportunity for their organization. Procurement savings refer to the cost reductions that are achieved by a company when it purchases goods and services through a strategic sourcing process.

Finance 45

Finance Strategic Sourcing Software Reduced Costs 45

Obobo

JANUARY 15, 2023

In this article, we will explore the definition of procurement cost savings, as well as its advantages and disadvantages. Organizations can realize significant procurement cost savings by taking advantage of economies of scale, using strategic sourcing to find lower-cost suppliers, and leveraging their buying power to negotiate better prices.

Reduced Costs 40

Reduced Costs Out-Tasking Strategic Sourcing Automation 40

Planergy Software

FEBRUARY 9, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Collaboration and cooperation between these two teams are crucial. You’ll also be subscribed to our email newsletter and notified about new articles or if have something interesting to share.

Finance 52

Finance Regulations Insurance Management 52

Planergy Software

MARCH 24, 2022

Your contract should also include information-sharing expectations so that you can effectively work collaboratively with your vendors. You’ll also be subscribed to our email newsletter and notified about new articles or if have something interesting to share. You need to share information and priority as part of the agreement.

Management 52

Management Insurance Supply Chain Management Right-Sizing 52

Planergy Software

OCTOBER 25, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. IN THIS ARTICLE. In addition, if you’re working with a team, team members can use the software to collaborate and stay up-to-date on the project’s progress. Download Free Copy. Written by. Rob Biedron.

Management 52

Management Out-Tasking Finance Software 52

Planergy Software

JULY 21, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. In this article, we will discuss services procurement, how it works, and how to manage it best. It involves procuring services from outside sources and managing the relationship with supplier or service provider.

Management 52

Management Service Strategic Sourcing Supply Chain Management 52

Planergy Software

SEPTEMBER 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Ultimately, the strategic collaboration between Disney and Pixar resulted in a powerful synergy that strengthened both companies’ positions in the animation market and created memorable content for audiences globally.

Manufacturing 52

Manufacturing E-Commerce Human Resources Marketing 52

Planergy Software

NOVEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Best Practices & Tips Strategic Sourcing Supplier Relationship Management. You’ll also be subscribed to our email newsletter and notified about new articles or if have something interesting to share.

Strategic Sourcing 52

Strategic Sourcing Reduced Costs Sourcing Supply Chain Management 52

Planergy Software

FEBRUARY 8, 2022

Strategic Sourcing Supplier Performance Supplier Relationship Management. Why is developing collaborative relationships with your most strategic suppliers crucial to your success? You’ll also be subscribed to our email newsletter and notified about new articles or if have something interesting to share. Written by.

Strategic Sourcing 52

Strategic Sourcing Supply Chain Management Collaborations Finance 52

Planergy Software

APRIL 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Process & Procedures Sourcing Supply Chain Management. Companies today need to focus efforts on ethical sourcing , not just saving money wherever possible. Download Free Copy. Written by. Lyle Del Vecchio.

Supply Chain Management 52

Supply Chain Management Manufacturing Sourcing Management 52

Everest Group

SEPTEMBER 21, 2021

The role is market-facing and focuses on helping clients maximize the value from their technology and sourcing decisions. The candidate will work with: Leading buy-side enterprises on various aspects of sourcing, supplier selection, and technology investments. Collaborative work style; strong interpersonal and team skills.

Global Sourcing Advisory 40

Global Sourcing Advisory Research Advisory Strategic Sourcing 40

Planergy Software

DECEMBER 11, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The schools within a MAT often share common values and ethos, fostering a collaborative environment to improve educational outcomes for all students within the trust. Cross-functional collaboration can benefit everyone.

Government 52

Government Collaborations Finance Accounting 52