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CFO Challenges and Priorities in 2021 And Beyond

Planergy Software

In a business climate radically altered by both digital transformation and major disruptors such as the COVID-19 novel coronavirus pandemic, companies who want to compete, grow, and innovate effectively need both flexibility and resilience. For chief financial officers (CFOs), this need is even more urgent.

Finance 97
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11 Cost Reduction Strategies in Procurement

Obobo

Leverage technology solutions to automate procurement procedures , improve compliance, and reduce costs. Optimize Inventory Management: Effective inventory management can help reduce waste, minimize storage costs and prevent over-ordering of products.

professionals

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Procurement Costs and How Businesses Can Reduce Them

Planergy Software

Procurement is the act of buying raw materials, goods, and services for a business, as guided by formalized procedures, internal controls, and processes related to not just finance, but inventory management, supply chain management, and supplier relationship management as well. Automating core procurement processes.

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How To Avoid A Decrease In Cash Flow From An Increase In Operations

Planergy Software

How better management in AP can give you better flexibility for cash flow management. Cash Flow Governance Risk Management & Compliance (GRC). Low Inventory Turnover Rates Calculate your inventory turnover rate by finding the ratio of sales to the inventory available at the end of the same period.

Sales 52
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Spend Management Strategy: How To Improve Your Strategic Spend Management Plan

Planergy Software

How better management in AP can give you better flexibility for cash flow management. Spend Management Strategy: How To Improve Your Strategic Spend Management Plan. It is about controlling and making improvements to the way your organization spends money and isn’t just about managing accounts payable.

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Horizontal vs. Vertical Integration: A Comprehensive Guide

Planergy Software

Challenges and Risks: Both horizontal and vertical integration present unique challenges, such as integration difficulties, regulatory hurdles, increased complexity, capital intensity, reduced flexibility, and potential conflicts. Additionally, they may need to hire and train new employees to handle the increased scope of operations.

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The Benefits of Localized Supply Chain

Planergy Software

How better management in AP can give you better flexibility for cash flow management. Sourcing Supply Chain Management. To keep consumers happy, your procurement team should closely evaluate all third-party vendors for risks and supply chain vulnerabilities. To be successful, you must be flexible and adaptable.