SIG Speaks

JANUARY 13, 2023

Sourcing will succeed if it has executive leadership support, collaboration with stakeholders, robust control of spending and policies, automation, and an approach clearly defined for categories. Sourcing involves four significant steps Assess , Analyze , Execute and Evaluate. . learn more. .

Sourcing 40

Sourcing Strategic Sourcing Impact Sourcing Government 40

Planergy Software

SEPTEMBER 5, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. If you’ve been in business for a while, you can use information from the prior year to help you set up the budget. How to gain visibility and control of your indirect spend.

Finance 92

Finance Software Accounting Management 92

Planergy Software

SEPTEMBER 6, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This type of budgeting can be complex and require significant data analysis, making it more suitable for organizations with well-defined processes and the ability to gather detailed cost information.

Right-Sizing 52

Right-Sizing Finance Collaborations Accounting 52

Obobo

JULY 1, 2022

Technologies available today could automate more than half of the source-to-pay process. Lower procurement costs, greater savings, and more opportunities to pursue new sources of value. Evaluation of suppliers is usually done via a Request For information (RFI) process. The potential? McKinsey & Company.

Sourcing 52

Sourcing Accounting Software Automation 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. This information will be crucial as you develop your strategy for managing supplier consolidation. Download Free Copy. Written by.

Strategic Sourcing 52

Strategic Sourcing Reduced Costs Sourcing Supply Chain Management 52

Obobo

MARCH 23, 2023

Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing. Leverage technology solutions to automate procurement procedures , improve compliance, and reduce costs. Procurement teams can also use technology to manage purchasing more efficiently.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

Planergy Software

DECEMBER 11, 2023

Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. What's Planergy? Modern Spend Management and Accounts Payable software.

Government 52

Government Collaborations Finance Accounting 52

Planergy Software

OCTOBER 18, 2023

Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Your TMC can also access up-to-date information on travel advisories, local laws, and cultural norms.

Finance 52

Finance Reduced Costs Management Risk Management 52

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

Planergy Software

OCTOBER 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. RFI: Request for Information. An RFI is issued when a procuring organization wants more general information about a potential vendor or solution. How to gain visibility and control of your indirect spend. Written by.

Supply Chain Management 52

Supply Chain Management Strategic Sourcing Sourcing Finance 52

Everest Group

SEPTEMBER 21, 2021

Create actionable insights to solve client problems by evaluating and analyzing information collected through live engagements, interviews, and secondary research (as needed). Collaborate with analysts across the company to deliver on projects for clients. Mobile development, Automation and next-generation delivery models.

Global Sourcing Advisory 40

Global Sourcing Advisory BPO Advisory Strategic Sourcing 40

Obobo

MARCH 30, 2023

By the end, you’ll have all the information you need to start measuring and reporting your own cost savings with confidence. Use Data to Inform Future Purchases: By analyzing data, you can see trends that make forecasting future buying patterns more accurate. Table Of Content. Remember, every penny counts in procurement cost savings.

Analytics 40

Analytics Reduced Costs Strategic Sourcing Software 40

Planergy Software

JULY 21, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Whether you work with a small business or enterprise-level partner, strategic sourcing is key because you want to keep stakeholders happy. How to gain visibility and control of your indirect spend.

Management 52

Management Service Strategic Sourcing Supply Chain Management 52

Obobo

JANUARY 15, 2023

This can be accomplished through a variety of methods, such as negotiating better prices with suppliers, streamlining the procurement process, or using procurement software to automate repetitive tasks. In addition, automating the procurement process can help eliminate errors and save time, which can further reduce costs.

Reduced Costs 40

Reduced Costs Out-Tasking Strategic Sourcing Automation 40

Planergy Software

DECEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Best Practices for Your Marketing Procurement Process and Strategic Sourcing. Technology can help you automate tasks and keep track of information more easily. Download Free Copy. Written by.

Marketing 52

Marketing Strategic Sourcing Out-Tasking Sourcing 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? How better management in AP can give you better flexibility for cash flow management. Download Free Copy. Written by. Rob Biedron. 14 min read.

Strategic Sourcing 52

Strategic Sourcing Supply Chain Management Collaborations Finance 52

Obobo

AUGUST 2, 2022

The management needs to approve the policy that outlines how you will keep stakeholders informed. In addition to your supplier policy, you should also establish your risk assessment principles, including financial, legal, and information security risks. As part of the agreement, you must share information and priorities.

Management 64

Management Right-Sizing Supply Chain Management Strategic Sourcing 64

Planergy Software

SEPTEMBER 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Strategic Considerations: Understanding and selecting the right integration strategy can significantly impact a company’s growth and success. How to gain visibility and control of your indirect spend.

Manufacturing 52

Manufacturing E-Commerce Human Resources Marketing 52

Planergy Software

JANUARY 19, 2024

Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. What's Planergy? Modern Spend Management and Accounts Payable software. What is a Vendor Analysis Report?

Risk Management 52

Risk Management Risk Management Supply Chain Management Sourcing 52

Obobo

AUGUST 16, 2022

The management needs to approve the policy that outlines how you will keep stakeholders informed. In addition to your supplier policy, you should also establish your risk assessment principles, including financial, legal, and information security risks. As part of the agreement, you must share information and priorities.

Management 52

Management Right-Sizing Supply Chain Management Strategic Sourcing 52

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. The finance department provides information about current expenses and supports creating the guidelines employees need to follow.

Finance 52

Finance Regulations Insurance Management 52

Planergy Software

MARCH 24, 2022

Management needs to improve approve the policy which outlines how you will keep stakeholders informed. Your vendor policy should also help to establish your risk assessment principles including Financial, legal, and information security risk. You need to share information and priority as part of the agreement.

Management 52

Management Insurance Supply Chain Management Right-Sizing 52

Obobo

MARCH 21, 2023

Procurement savings refer to the cost reductions that are achieved by a company when it purchases goods and services through a strategic sourcing process. key Takeaway: Procurement savings are the cost reductions achieved by a company when purchasing goods and services through strategic sourcing. What is Procurement?

Finance 45

Finance Strategic Sourcing Software Reduced Costs 45

Planergy Software

DECEMBER 12, 2023

Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Regular communication and consultation can lead to a more informed and accepted budget. What's Planergy?

Finance 52

Finance Government Redistribution Administrative 52

Planergy Software

APRIL 19, 2022

Even though the finance department is responsible for all company expenditures, in many cases they have been informed about expenses after the fact, often resulting in overspending and out-of-control expenses. Keeping colleagues informed in real-time will be beneficial both short-term and long-term.

Finance 52

Finance Accounting Out-Tasking Manufacturing 52

Planergy Software

APRIL 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Many times, organizations fail to consider the strategic and tactical levels when making decisions at the operational level. How to gain visibility and control of your indirect spend. Download Free Copy. Written by.

Supply Chain Management 52

Supply Chain Management Manufacturing Sourcing Management 52

Planergy Software

SEPTEMBER 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. These expenses can help build relationships, foster collaboration, and expand your business network. How to gain visibility and control of your indirect spend. Download PDF What’s your goal today?

Finance 52

Finance Insurance Software Management 52

Planergy Software

JANUARY 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This process also helps create transparency within the supply chain so that everyone involved knows what’s going on at all times, leading to better communication and collaboration between all parties involved.

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. When asked why the CPOs hadn’t built the ESG strategy into the organization’s sourcing processes, it was clear that many felt they lacked the tools, skills, and information required. Download Free Copy.

Supply Chain Management 52

Supply Chain Management Sourcing Manufacturing Finance 52

Planergy Software

OCTOBER 25, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This will save you time in the long run by ensuring that all the information you need is included in each document. How to gain visibility and control of your indirect spend. Download Free Copy. Written by. Rob Biedron.

Management 52

Management Out-Tasking Finance Software 52