Planergy Software

APRIL 19, 2022

On the surface, aligning with operations makes sense, since procurement involves strategic sourcing of everything from the materials, and equipment needed to operate the business, to contract management. You’ll also be subscribed to our email newsletter and notified about new articles or if have something interesting to share.

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Finance Accounting Out-Tasking Manufacturing 52

Planergy Software

MARCH 24, 2022

It also involves risk management, supplier relationship management (SRM), and contract management. Monitor and Assess Supplier Performance To build successful and long-term supplier relationships, you must manage your vendor performance. download a free copy of our guide. Related Posts.

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Management Insurance Supply Chain Management Right-Sizing 52

Planergy Software

JANUARY 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. To keep consumers happy, your procurement team should closely evaluate all third-party vendors for risks and supply chain vulnerabilities. Supply chain and risk management has forever changed as a result.

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Supply Chain Management Manufacturing Sourcing Retail 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.

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Finance Strategic Sourcing Software Reduced Costs 45

Obobo

MARCH 23, 2023

Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing. Overall, these 11 cost reduction strategies in procurement demonstrate that companies can significantly reduce costs and maintain profitability with the right procurement management practices.

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Planergy Software

MARCH 25, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. How To Create Savings With Better Spend Management In Procurement. Is it because a supplier you contracted with as part of your strategic sourcing initiative isn’t holding up their end of the deal?

Management 52

Management Strategic Sourcing Accounting Right-Sizing 52

Planergy Software

MARCH 29, 2022

Critical data is displayed in meaningful, insightful ways to help business leaders make informed business decisions such as forecasting, planning, analysis, risk management, strategic sourcing, operational complexcity reductions, and anti-fraud monitoring — to name a few. download a free copy of our guide.

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Analytics Accounting Finance Strategic Sourcing 52

Planergy Software

SEPTEMBER 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. While these investments can lead to long-term benefits, they can also strain a company’s financial resources and require careful planning and risk management. download a free copy of our guide 3.

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