Automation, Collaborations, Reduced Costs and Strategic Sourcing

What are the Benefits of a Strategic Sourcing Software?

Obobo

DECEMBER 15, 2022

What are the Benefits of a Strategic Sourcing Software? Strategic sourcing is a process that involves evaluating and negotiating with suppliers to ensure the best price, quality, and delivery of goods. What is Strategic Sourcing Software? There are many benefits of using strategic sourcing software.

Strategic Sourcing

Strategic Sourcing Sourcing Software Out-Tasking

11 Cost Reduction Strategies in Procurement

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

Reduced Costs Inventory Management Automation Sourcing

The Future of Procurement and Sourcing: The Effects of Artificial Intelligence in the Industry

SIG Speaks

OCTOBER 12, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Lauren Redden shares an excellent essay on the power of AI to transform the smart sourcing industry, in balance with the potential risks that companies must evaluate in employing more intelligent automation into their processes.

Sourcing

Sourcing Strategic Sourcing Outsourcing Regulations

How Strategic Procurement Can Give You a Competitive Advantage

Planergy Software

MAY 5, 2022

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. You can do it by negotiating favorable terms and promoting collaboration with cross-functional teams.

Strategic Sourcing

Strategic Sourcing Sourcing Reduced Costs Supply Chain Management

What is Procurement Cost Savings? – Definition

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

Reduced Costs Out-Tasking Strategic Sourcing Automation

Procurement Cost Savings – Measure, report and increase cost savings

Obobo

MARCH 30, 2023

If you’re responsible for a procurement team , reducing costs is probably one of the main goals you care about. In fact, cutting costs is the primary KPI for most purchasing organizations. But what’s the best way to measure and report those cost savings ? What are the Benefits of Procurement Cost Savings?

Analytics

Analytics Reduced Costs Strategic Sourcing Software

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

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. What's Planergy? Modern Spend Management and Accounts Payable software.

Finance

Finance Reduced Costs Management Risk Management

Budgeting Process: Steps and Best Practices for Planning a Budget

Planergy Software

SEPTEMBER 5, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Business budgeting software automates many of the manual processes, allowing you to quickly develop comprehensive financial plans without sacrificing accuracy or detail. Download PDF What’s your goal today?

Finance

Finance Software Accounting Management

Everything you need to know about Procurement savings

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.

Finance

Finance Strategic Sourcing Software Reduced Costs

RFI, RFP, RFQ, ROI, RFT: What’s the Difference?

Planergy Software

OCTOBER 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. RFIs can also help buyers identify potential suppliers and compare them against each other, which is crucial for strategic sourcing. How to gain visibility and control of your indirect spend. Written by.

Supply Chain Management

Supply Chain Management Strategic Sourcing Sourcing Finance

Best Practices for Supplier Management

Obobo

AUGUST 2, 2022

Ensure that your contract includes information-sharing expectations so that you and your suppliers can work collaboratively. Having an accurate and up-to-date supplier database is crucial to reducing costs, selecting new vendors, and promoting strong supplier relationships. Maintain a Supplier Database.

Management

Management Right-Sizing Supply Chain Management Strategic Sourcing

Best Practices for Supplier Management

Obobo

AUGUST 16, 2022

Ensure that your contract includes information-sharing expectations so that you and your suppliers can work collaboratively. Having an accurate and up-to-date supplier database is crucial to reducing costs, selecting new vendors, and promoting strong supplier relationships. Maintain a Supplier Database.

Management

Management Right-Sizing Supply Chain Management Strategic Sourcing

Supplier Tiers: What’s The Difference Between Tier 1, Tier 2, and Tier 3

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

Supply Chain Management Regulations Manufacturing Finance

Supplier Management Best Practices

Planergy Software

MARCH 24, 2022

Your contract should also include information-sharing expectations so that you can effectively work collaboratively with your vendors. Implement a Supplier Management System Using technology and the power of Automation in your purchasing process can help improve efficiency while minimizing communication issues. What’s your goal today?

Management

Management Insurance Supply Chain Management Right-Sizing

CFO Challenges and Priorities in 2021 And Beyond

Planergy Software

SEPTEMBER 24, 2021

Securing competitive advantage means mastering emerging technologies and developing strategies that incorporate risk management, data-driven decision making, and a collaborative, agile approach. They don’t just lead the finance team or spearhead initiatives to reduce costs. ” Top Challenges and Priorities for CFOs.

Finance

Finance Collaborations Flexibility Robotics Process Automation

Supplier Consolidation: What It Is, Benefits, and Risks

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. Vendor consolidation provides several benefits, including: Reduced Costs through Economies of Scale.

Strategic Sourcing

Strategic Sourcing Reduced Costs Sourcing Supply Chain Management

Horizontal vs. Vertical Integration: A Comprehensive Guide

Planergy Software

SEPTEMBER 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. By consolidating operations under one organizational umbrella, businesses can eliminate redundancies, enhance coordination, and foster a more collaborative environment.

Manufacturing

Manufacturing E-Commerce Human Resources Marketing

Using Supplier Segmentation To Maximize Supplier Relationships

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? It helps to make process improvements, reduce costs, and continues to encourage innovation in the products or services you offer.

Strategic Sourcing

Strategic Sourcing Supply Chain Management Collaborations Finance

Multi-Academy Trust (MAT): What Is It and How Can Schools Benefit?

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

Government Collaborations Finance Accounting

Global Sourcing Brief

What are the Benefits of a Strategic Sourcing Software?

11 Cost Reduction Strategies in Procurement

Trending Sources

The Future of Procurement and Sourcing: The Effects of Artificial Intelligence in the Industry

How Strategic Procurement Can Give You a Competitive Advantage

What is Procurement Cost Savings? – Definition

Procurement Cost Savings – Measure, report and increase cost savings

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

Budgeting Process: Steps and Best Practices for Planning a Budget

Everything you need to know about Procurement savings

RFI, RFP, RFQ, ROI, RFT: What’s the Difference?

Best Practices for Supplier Management

Best Practices for Supplier Management

Supplier Tiers: What’s The Difference Between Tier 1, Tier 2, and Tier 3

Supplier Management Best Practices

CFO Challenges and Priorities in 2021 And Beyond

Supplier Consolidation: What It Is, Benefits, and Risks

Horizontal vs. Vertical Integration: A Comprehensive Guide

Using Supplier Segmentation To Maximize Supplier Relationships

Multi-Academy Trust (MAT): What Is It and How Can Schools Benefit?

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