Obobo

JANUARY 28, 2022

Larger companies have realised for decades the importance of procurement solutions to achieve efficiencies and reduce costs , manage risk, provide important data and more recently, ensure they are working with suppliers whose values align with their own. Learn how oboloo can save your company time and money through procurement.

Software 98

Software Reduced Costs Sourcing Efficiency 98

Obobo

JANUARY 24, 2022

The best way to illustrate this is with an example: Increasing sales revenues by £1 million for a company with a sales margin of 10% will have the same effect on the company’s bottom line profit as reducing costs by £100,0000. As with sales revenues, cost savings are broken down into projected and realised savings.

Sales 98

Sales Reduced Costs Finance Sourcing 98

Planergy Software

MAY 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Procurement Strategic Sourcing. With an effective and efficient procurement process, you can quickly deliver cannibal cost Improvement while enhancing supply chain agility. Download Free Copy. Written by.

Strategic Sourcing 59

Strategic Sourcing Sourcing Reduced Costs Supply Chain Management 59

Obobo

MARCH 23, 2023

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.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

Planergy Software

MARCH 2, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Introduction To Tail Spend Analysis Tail spend analysis examines a company’s spending patterns and identifies opportunities to reduce costs and improve efficiency. This can make it difficult to track and manage.

Strategic Sourcing 52

Strategic Sourcing Reduced Costs Sourcing Efficiency 52

Obobo

OCTOBER 11, 2022

The article outlines many benefits of using eprocurement systems, such as greater visibility across the whole procurement process for all brands, more efficient and transparent operations, cost savings and much more! What is an E-procurement system? This system automates the sourcing, purchase order, and invoicing processes.

Software 64

Software Reduced Costs Out-Tasking Automation 64

Groove Technology

MARCH 6, 2023

In this article, we’ll explore the importance of retail visibility and how B2B Mulesoft integrations can help your business achieve it. This can help them optimize operations, reduce waste, and avoid stockouts. This can make it challenging to connect these systems in a way that allows for effective data sharing and communication.

Retail 130

Retail Inventory Management Sales Data Entry 130

Groove Technology

JULY 27, 2023

With a rapidly growing demand for custom software development, outsourcing has proven to be a game-changer for companies looking to expand their technical capabilities, reduce costs, and accelerate time-to-market. Outsourcing software development offers a variety of advantages for businesses of all sizes.

Software 100

Software Outsourcing Right-Sizing Flexibility 100

Future of Digital Sourcing Nearshoring

DECEMBER 16, 2022

In this article, Jessica unlocks the dynamic between nearshoring, offshoring, and onshoring. Another popular type of outsourcing is “nearshoring”, where businesses source staff from neighboring or nearby countries. Short-term projects and labor-intensive functions especially benefit from reduced costs in offshore markets.

Nearshoring 69

Nearshoring Offshoring Outsourcing Service 69

Obobo

JULY 6, 2022

The best way to illustrate this is with an example: Increasing sales revenues by £1 million for a company with a sales margin of 10% will have the same effect on the company’s bottom line profit as reducing costs by £100,0000. As with sales revenues, cost savings are broken down into projected and realised savings.

Sales 52

Sales Reduced Costs Finance Sourcing 52

IBM Services

APRIL 25, 2024

The methodology gained prominence with the publication of a 1990 article in the Harvard Business Review, “Reengineering Work: Don’t Automate, Obliterate,” by Michael Hammer, and the 1993 book by Hammer and James Champy, Reengineering the Corporation.

Supply Chain Management 65

Supply Chain Management Finance Human Resources Robotics Process Automation 65

Groove Technology

JUNE 15, 2023

Do you need a cost-effective solution that offers flexibility and scalability? In this article, we will explore the world of development outstaffing companies and how they can revolutionize your organization's growth trajectory. Are you struggling to find top-tier talent to fuel your business's development projects? Look no further!

E-Commerce 130

E-Commerce Flexibility Collaborations Healthcare 130

IBM Services

APRIL 25, 2023

Optimizing your data lakehouse architecture Fortunately, the IT landscape is changing thanks to a mix of cloud platforms, open source and traditional software vendors. The rise of cloud object storage has driven the cost of data storage down. Returning to the analogy, there have been significant changes to how we power cars.

Analytics 58

Analytics Engineering Out-Tasking Reduced Costs 58

Planergy Software

JANUARY 19, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Additionally, since it requires minimal effort and resources compared to other cost analysis methods, it has become a popular choice among many businesses looking for ways to optimize their budgeting process.

Supply Chain Management 52

Supply Chain Management Reduced Costs Robotics Process Automation Analytics 52

Planergy Software

SEPTEMBER 5, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Budgeting is a vital aspect of financial management that helps businesses allocate resources effectively, control costs, and achieve their financial goals. How to gain visibility and control of your indirect spend.

Finance 92

Finance Software Accounting Management 92

Perficient Digital Transformation

NOVEMBER 8, 2021

Traditionally, the supply chain function has presented organizations with an opportunity to cut unnecessary costs, improve the customer experience, and prevent expensive recalls. You can’t read the news without seeing an article that headline the supply chain. Strategic sourcing and spend control. Technology and data enablement.

Supply Chain Management 69

Supply Chain Management E-Commerce Manufacturing Strategic Sourcing 69

Planergy Software

AUGUST 16, 2022

Supplier Development Goals Supplier development goals are typically to increase quality, reduce costs, shorten lead times, and improve delivery performance. Assess Supplier Capabilities When sourcing suppliers for goods and services, it is important to assess their capabilities in order to gain a competitive advantage.

Management 52

Management Supply Chain Management Reduced Costs Finance 52

IBM Services

OCTOBER 16, 2023

The source of bias in AI Eliminating AI bias requires drilling down into datasets, machine learning algorithms and other elements of AI systems to identify sources of potential bias. According to NIST, this source of bias is more common than you might think.

Government 80

Government Sourcing Research Jobbing 80

Obobo

DECEMBER 20, 2022

It’s an efficient way for businesses to streamline the procurement and sourcing process , as well as ensure compliance with regulations. In this article, we’ll explore the numerous advantages of using such a system and how it can help you effectively manage your suppliers and maximize profits. Reduced costs.

Management 52

Management Reduced Costs Efficiency Out-Tasking 52

Planergy Software

NOVEMBER 1, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. IN THIS ARTICLE. By developing a PSP, an organization can streamline its procurement process, reduce costs, and improve quality and service levels. Download Free Copy. Written by. Keith Murphy.

Reduced Costs 52

Reduced Costs Finance Accounting Strategic 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. Supplier tiering also helps reduce costs by eliminating inefficient or unnecessary processes in the supply chain. How to gain visibility and control of your indirect spend. Written by.

Supply Chain Management 52

Supply Chain Management Regulations Manufacturing Finance 52

IBM Business Partners

JULY 19, 2023

Leveraging generative AI to augment human team capabilities presents an opportunity for Clients to reduce costs by 30%-50%, while accelerating time to market related to this process by at least 50% and improving scalability, quality, and consistency of generated reports.

Co-Sourcing 68

Co-Sourcing Regulations Human Resources Manufacturing 68

Planergy Software

OCTOBER 18, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Cost Savings and Productivity Gains Using corporate travel programs can help reduce costs, as companies can negotiate discounts on airfare, hotel stays, and car rentals.

Finance 52

Finance Reduced Costs Management Risk Management 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

Magellan Solutions

MARCH 27, 2023

In this article, we will discuss why businesses outsource their tasks and what factors you should consider when comparing outsourcing quotations. Source: Magellan Solutions In 2023, global outsourcing spending may reach US$731 billion, according to Deloitte’s Outsourcing and Shared Services 2019-2023 Report.

Outsourcing 52

Outsourcing Business Process Outsourcing Out-Tasking E-Commerce 52

Planergy Software

OCTOBER 4, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. IN THIS ARTICLE. Another advantage of big data analytics is that it can help organizations reduce costs and improve efficiency. How to report and analyze indirect spend to identify savings opportunities.

Analytics 52

Analytics Out-Tasking Right-Sizing Sourcing 52

Obobo

JANUARY 15, 2023

In this article, we will discuss what spend analysis tools are and how they can help businesses gain greater control over their finances. This data can come from a variety of sources , such as accounting software, purchase orders, invoices, and credit card statements. What is a spend analysis tool? How do spend analysis tools work?

Finance 40

Finance Reduced Costs Software Accounting 40

Obobo

JANUARY 15, 2023

In this article, we will discuss what spend analysis tools are and how they can help businesses gain greater control over their finances. This data can come from a variety of sources, such as accounting software, purchase orders, invoices, and credit card statements. What is a spend analysis tool? How do spend analysis tools work?

Finance 40

Finance Reduced Costs Software Accounting 40

Obobo

DECEMBER 17, 2021

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. Savings tracking refers to a method of estimating how much a company will save by using strategic sourcing and other cost-effective tactics.

Strategic Sourcing 52

Strategic Sourcing Finance Software Out-Tasking 52

IBM Services

JANUARY 11, 2024

In this article, we’re going to look at some common threats and how disaster recovery plans (DRPs) and solutions can optimize preparedness. Reduced costs: According to IBM’s recent Cost of Data Breach Report , the average cost of a data breach last year was USD 4.45

Right-Sizing 109

Right-Sizing Regulations Cybersecurity Software 109

Obobo

MARCH 7, 2023

First, closed shops can help reduce costs by allowing for more efficient use of resources. By streamlining the sourcing process, these shops provide customers with a greater level of control over their purchases while also reducing costs associated with supplier management.

Reduced Costs 40

Reduced Costs Jobbing Sourcing Customer Service 40

Obobo

JANUARY 15, 2023

Procurement cost savings is the process of reducing costs associated with acquiring goods or services, without sacrificing quality. In this article, we will explore the definition of procurement cost savings, as well as its advantages and disadvantages. The different types of procurement cost savings.

Reduced Costs 40

Reduced Costs Out-Tasking Strategic Sourcing Automation 40

Infosys Consulting

MARCH 14, 2023

in the first article , I set a foundation for the need for digitization in the aged care industry. This enables more flexibility and reduced costs for installation and retrofitting. It provides 360 degrees view to the consumer, by consolidating health records, treatments, claims, and other information sources.

Healthcare 52

Healthcare Analytics Reduced Costs Manufacturing 52

3Pillar Global

APRIL 25, 2023

Organizations should consider modernizing legacy platforms for the added benefits of creating a seamless process, improving productivity, and reducing downtime. All of these components help in generating new revenue, while also reducing costs. Because of the manual nature of this task, you’re unable to make real-time decisions.

Banking 64

Banking Flexibility Software Reduced Costs 64

Obobo

MARCH 7, 2023

Benefits of using purchase management software include increased efficiency, improved accuracy, and reduced costs. This can reduce the chances of errors and miscommunications between buyers and suppliers. This information can be used to negotiate better deals with suppliers and find cost-saving opportunities.

Software 40

Software Management Reduced Costs Data Entry 40

Groove Technology

AUGUST 1, 2023

In today's fast-paced digital landscape, website development outsourcing services offer a range of benefits, from cost savings to access to a global talent pool. This article explores the realm of outsourcing web development, delving into its advantages, considerations, and how it can elevate your business to new heights.

Outsourcing 100

Outsourcing Collaborations Research Offshoring 100

Amzur

JANUARY 10, 2024

With the proliferation of data and technological maturity across industries, AI implementation has become a lynchpin in bringing new levels of automation, consistency, scalability, and reduced costs. Even the early adopters or tech giants report a mix of internal and external sourcing. It takes up a lot of your work day.

Data Entry 105

Data Entry Right-Sizing Robotics Process Automation Automation 105