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How Strategic Procurement Can Give You a Competitive Advantage

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. How Strategic Procurement Can Give You a Competitive Advantage. Procurement Strategic Sourcing. Easier to Mitigate Supply Risk Supplier risk management is crucial for any organization.

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Budgeting Process: Steps and Best Practices for Planning a Budget

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Whether you have a small business or a large corporation, the basic steps and best practices for managing budgets are the same. How to gain visibility and control of your indirect spend.

Finance 92
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Corporate Travel Program: How To Create a Program for Employer and Employee Needs

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. A well-designed corporate travel program prioritizes employee safety by vetting travel suppliers, providing travel risk management resources, and offering 24/7 support for travelers in case of emergencies.

Finance 52
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Turning Data Into Actionable Insights

Planergy Software

This step can make or break an organization’s ability to understand its data better and leverage it to maximize profitability, reduce cost, and create value for shareholders. Translate information into insights The final step is to derive the required information to make better strategic decisions and generate more value from data.

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How To Calculate Procurement Savings

Obobo

In light of the ongoing effects of the pandemic, it is essential that businesses keep track of all cost reduction initiatives and strategic sourcing in order to survive harsh economic declines. As the influential thinker on management, Peter Drucker, famously said ‘if you can’t measure, it you can’t improve it’.

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11 Cost Reduction Strategies in Procurement

Obobo

For companies looking to reduce costs, procurement is often one of the first places they look. Cost reduction during procurement processes can be accomplished through various strategies that range from the short-term to medium and long-term goals. Short-term Cost Reduction Strategies Short-term Cost Reduction Strategies: 1.

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The Top 8 Business Travel Management Tools

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Between booking flights, finding accommodations, and managing expenses, it’s easy to feel overwhelmed. The right business travel management tools can save you time, money, and countless headaches.