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

SIG Speaks

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.

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What Is Source-To-Pay (S2P)? Source-To-Pay Vs Procure-To-Pay

Obobo

This in turn results in the payment of those products or services. 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. Can Source To Pay (S2P) Help Accounts Payable (AP)?

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Vendor Analysis: What Is It, Process, Types, and Best Practices

Planergy Software

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. Customer Reviews: Review experiences from existing customers. What's Planergy?

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Marketing Procurement: Challenges and Best Practices

Planergy Software

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. turnaround times, and customer service levels. How to gain visibility and control of your indirect spend. Download Free Copy.

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How Procurement Has Bridged The Gap With Finance

SIG Speaks

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.".

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Pareto Analysis in Procurement: How To Use Spend Analysis To Cut Costs

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Use PLANERGY to manage purchasing and accounts payable We’ve helped save billions of dollars for our clients through better spend management, process automation in purchasing and finance, and reducing financial risks.

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Cost Avoidance in Procurement- The Ultimate Guide

Obobo

Automate where possible. Automation can help you reduce errors and speed up processes , leading to cost savings. Sourcing from low-cost countries: Another way to avoid costs is to source goods and services from countries where labor and materials are relatively inexpensive. Streamline your processes.