Remove Automation Remove Efficiency Remove Right-Sizing Remove Strategic Sourcing
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Clashing Priorities: Vendor Diversification vs Efficiency and Vendor Risk Management

Sourcing Advisors Group

The growing approved supplier base and decreasing supplier visibility will further deteriorate what is already a bleak performance of most Strategic Sourcing teams. In fact, most firms generate no Strategic Sourcing bottom-line results, as Vendor Spending is increasing as fast, or faster, than Revenue growth.

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The Top 8 Business Travel Management Tools

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Corporate travel management software streamlines business travel processes by automating tasks such as booking flights, tracking expenses, and providing insights into travel spending patterns. But fear not, weary traveler!

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Travel and Expense Management: What Is It, Challenges and Best Practices

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. But by implementing T&E management best practices, you can make the process simpler and more efficient. Implementing an automated travel and expense management solution is the best way to overcome this challenge.

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11 Cost Reduction Strategies in Procurement

Obobo

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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Best Practices for Supplier Management

Obobo

Consider these best practices as you build the right supplier management system for your business. Your company may need a risk assessment professional or a risk assessment committee, depending on its size. A successful supplier management program goes beyond strategic sourcing. Table of Contents.

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Strategic Budgeting: What Is It, Process, and Best Practices

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This method encourages efficiency and reduces unnecessary spending by forcing organizations to evaluate each expenditure and its contribution to its goals carefully. How to gain visibility and control of your indirect spend.

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Best Practices for Supplier Management

Obobo

Consider these best practices as you build the right supplier management system for your business. Your company may need a risk assessment professional or a risk assessment committee, depending on its size. A successful supplier management program goes beyond strategic sourcing. Table of Contents.