Ivemsa

SEPTEMBER 28, 2022

Sourcing quality suppliers is essential to a production’s efficiency and overall success. The common urge is to select the cheapest price for material procurement, though this could eventually cost more due to a lack of quality. Develop a Sourcing Strategy. The other common sourcing strategy is a request for proposal (RFP).

Strategic Sourcing 52

Strategic Sourcing Nearshoring Sourcing Manufacturing 52

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 40

Sourcing Strategic Sourcing Outsourcing Regulations 40

Obobo

DECEMBER 14, 2022

What is Global Sourcing? Global sourcing is the procurement of goods and services from suppliers in multiple countries. It’s a type of sourcing that has become increasingly popular among businesses in recent years as a way to optimize costs and access new markets. What is Global Sourcing? Definition.

Sourcing 40

Sourcing Labor Costs Nearshoring Out-Tasking 40

Neo Group

APRIL 6, 2022

Neo Group is a leader in sourcing, with a two decade heritage in advisory services for the world’s largest corporations. For over 22 years, they have enabled incredible business outcomes through collaborative solutions that have secured our market-leading position in the sourcing advisory & governance services space.

Sourcing 52

Sourcing Co-Sourcing Global Sourcing Advisory Advisory 52

Groove Technology

NOVEMBER 24, 2023

The use of managed services not only helps businesses reduce costs but also provides them with access to specialized expertise and resources that may not be available in-house. With the ability to automate repetitive tasks and make data-driven decisions, AI has the potential to transform the way IT services are delivered.

IT Outsourcing 130

IT Outsourcing Outsourcing Robotics Process Automation Nearshoring 130

Obobo

JANUARY 12, 2023

What is an Automated Vendor Management System? This is where an automated vendor management system comes in handy. An automated vendor management system (AVMS) is a computerized tool that helps organizations manage all aspects of their vendor relationships. What is an Automated Vendor Management System (AVMS)?

Automation 40

Automation Management Reduced Costs Accounting 40

Groove Technology

MAY 25, 2023

MuleSoft is a leading enterprise integration platform MuleSoft and its significance in data integration and management MuleSoft is a leading enterprise integration platform that provides tools and services for connecting different systems, applications, and data sources. API designer: A tool for designing, testing, and managing APIs.

Management 100

Management Supply Chain Management Sourcing Collaborations 100

IBM Services

MAY 9, 2024

Understanding data governance in healthcare The need for a strong data governance framework is undeniable in any highly-regulated industry, but the healthcare industry is unique because it collects and processes massive amounts of personal data to make informed decisions about patient care. Instead, it uses active metadata.

Government 58

Government Healthcare Regulations Insurance 58

Obobo

JANUARY 12, 2023

What is an Automated Vendor Risk Assessment? One way to do this is through an automated vendor risk assessment (AVRA). By understanding the potential risks involved with working with a vendor, organizations can make informed decisions about whether or not to do business with them. Automated Vendor Risk Assessment Tools.

Automation 40

Automation Reduced Costs Risk Management Risk Management 40

Everest Group

MARCH 23, 2023

Capital Markets Operations – Services PEAK Matrix® Assessment The capital markets operations landscape is rapidly evolving as enterprises strive to meet the demands of a new generation of customers, reduce cost pressures in a recessionary environment, and adhere to regulatory changes.

Marketing 98

Marketing Robotics Process Automation Service Insurance 98

IBM Services

DECEMBER 18, 2023

One of the largest sources of data is all around us—that is, geospatial data. This is information relating to the Earth’s surface, its climate, the people who live on it, its ecosystems and more. The data from this soil and water analysis helps farmers improve yields while reducing costs and pollution runoff.

Government 104

Government Sourcing Efficiency Reduced Costs 104

Everest Group

MARCH 23, 2023

Capital Markets Operations – Services PEAK Matrix® Assessment The capital markets operations landscape is rapidly evolving as enterprises strive to meet the demands of a new generation of customers, reduce cost pressures in a recessionary environment, and adhere to regulatory changes.

Marketing 86

Marketing Robotics Process Automation Service Insurance 86

IBM Services

APRIL 25, 2024

Done correctly, this process also contains critical activities that can significantly reduce costs and satisfy a business’ key metrics for success. Using automation, businesses can create buyer personas at a rapid pace and use them to improve the customer journey and craft engaging content across channels.

Retail 89

Retail Sales Sourcing Marketing 89

Amzur

JANUARY 10, 2024

With the proliferation of data and technological maturity across industries, AI implementation has become a lynchpin in bringing new levels of automation, consistency, scalability, and reduced costs. Here, your biggest challenges are tedious task automation and improving your employee’s productivity.

Data Entry 103

Data Entry Right-Sizing Robotics Process Automation Automation 103

Groove Technology

MARCH 6, 2023

Without access to accurate, real-time data on everything from inventory levels to sales performance, it can be difficult for retail business owners to make informed decisions about how to optimize their operations, improve customer experiences, and stay ahead of the competition.

Retail 130

Retail Inventory Management Sales Data Entry 130

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 52

Reduced Costs Inventory Management Automation Sourcing 52

Metasource

JUNE 7, 2023

Automated document processing uses advanced algorithms and OCR technology to process files and identify information, including names, addresses, dates, and amounts – whether handwritten or typed. How Does Automated Document Processing Work? What Are Common Intelligent Document Automation Use Cases?

Data Entry 52

Data Entry Automation Right-Sizing Digital Intelligence 52

Perficient Digital Transformation

MARCH 12, 2024

This emphasis on convenience not only improves patient outcomes but also has the potential to translate into cost savings for payers. Technology Integration Tech-driven platforms offered by new entrants provide data insights and automation, potentially streamlining processes and improving efficiency within the PBM industry.

Management 52

Management Healthcare Analytics Reduced Costs 52

Obobo

OCTOBER 11, 2022

The article outlines many benefits of using eprocurement systems, such as greater visibility across the whole procurement process for all brands, more efficient and transparent operations, cost savings and much more! This system automates the sourcing, purchase order, and invoicing processes. What is an E-procurement system?

Software 64

Software Reduced Costs Out-Tasking Automation 64

Everest Group

FEBRUARY 27, 2024

Reach out to us for more information or to further discuss this topic. These tools enhance productivity, reduce response times, and enable agents to focus on more complex and value-added tasks. Our survey asked enterprises about their readiness to adopt gen AI to identify significant areas where enterprises need specialized support.

Management 65

Management Out-Tasking Efficiency Outsourcing 65

IBM Services

APRIL 25, 2024

The methodology gained prominence with the publication of a 1990 article in the Harvard Business Review, “Reengineering Work: Don’t Automate, Obliterate,” by Michael Hammer, and the 1993 book by Hammer and James Champy, Reengineering the Corporation.

Supply Chain Management 60

Supply Chain Management Finance Human Resources Robotics Process Automation 60

Perficient Digital Transformation

JULY 19, 2023

By harnessing the power of AI, regional insurance carriers can streamline their operations, enhance customer experience, and make more informed decisions. AI enables these carriers to automate processes, improve risk assessment, personalize customer interactions, and optimize pricing strategies.

Insurance 52

Insurance Automation Streamline Operations Reduced Costs 52

Planergy Software

MARCH 2, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Tail spend analysis helps companies identify areas of spend that are falling through the cracks, allowing them to make more informed decisions and achieve greater savings.

Strategic Sourcing 52

Strategic Sourcing Reduced Costs Sourcing Efficiency 52

Magellan Solutions

JULY 21, 2023

Moreover, it reduces costs and streamlines operations. 3) Smart Sourcing with AI and Machine Learning A revolutionary development uses Artificial Intelligence (AI) and Machine Learning (ML) for innovative sourcing. 4) Robotic Process Automation (RPA) RPA emerges as a crucial trend for 2023.

Outsourcing 94

Outsourcing Cybersecurity Robotics Process Automation Supply Chain Management 94

Obobo

APRIL 5, 2023

A procurement management platform helps streamline and automate the procure-to-pay process for organizations. By automating and centralizing the procure-to-pay process, organizations can improve efficiency and visibility, while reducing costs.

Management 40

Management Reduced Costs Customer Support Automation 40

Obobo

JANUARY 25, 2023

eSourcing – The Ultimate Guide to eSourcing Software Introduction to eSourcing eSourcing software is a tool that streamlines the process of sourcing and procuring products and services from suppliers. The benefits of eSourcing make it an essential tool for any organization that sources products or services from suppliers.

Software 40

Software Sourcing Right-Sizing Out-Tasking 40

Obobo

DECEMBER 20, 2022

It’s an efficient way for businesses to streamline the procurement and sourcing process , as well as ensure compliance with regulations. A supplier management system can automate many of the processes involved in managing suppliers, including supplier onboarding, performance tracking, contract management , and payment processing.

Management 52

Management Reduced Costs Efficiency Out-Tasking 52

Amzur

JANUARY 18, 2024

With the proliferation of data and technological maturity across industries, AI implementation has become a lynchpin in bringing new levels of automation, consistency, scalability, and reduced costs. Here, your biggest challenges are tedious task automation and improving your employee’s productivity.

Data Entry 52

Data Entry Right-Sizing Robotics Process Automation Automation 52

Amzur

JANUARY 18, 2024

With the proliferation of data and technological maturity across industries, AI implementation has become a lynchpin in bringing new levels of automation, consistency, scalability, and reduced costs. Here, your biggest challenges are tedious task automation and improving your employee’s productivity.

Data Entry 52

Data Entry Right-Sizing Robotics Process Automation Automation 52

Amzur

JANUARY 18, 2024

With the proliferation of data and technological maturity across industries, AI implementation has become a lynchpin in bringing new levels of automation, consistency, scalability, and reduced costs. Here, your biggest challenges are tedious task automation and improving your employee’s productivity.

Data Entry 52

Data Entry Right-Sizing Robotics Process Automation Automation 52

Everest Group

APRIL 10, 2024

New sourcing deals requiring providers to support multiple areas have continued to increase, driven by healthcare providers’ long-standing challenges of lower revenue collection, higher denials, and suboptimal patient experience.

Management 59

Management Healthcare Robotics Process Automation Analytics 59

Obobo

MARCH 7, 2023

Benefits of using purchase management software include increased efficiency, improved accuracy, and reduced costs. First, it can automate repetitive tasks such as creating purchase orders and sending them to suppliers. This can reduce the chances of errors and miscommunications between buyers and suppliers.

Software 40

Software Management Reduced Costs Data Entry 40

IBM Business Partners

JULY 19, 2023

The industry is under tremendous pressure to accelerate drug development at an optimal cost, automate time- and labor-intensive tasks like document or report creation to preserve employee morale, and accelerate delivery. Yet, it is burdened by long R&D cycles and labor-intensive clinical, manufacturing and compliancy regimens.

Co-Sourcing 64

Co-Sourcing Regulations Human Resources Manufacturing 64

Obobo

FEBRUARY 1, 2023

Companies need to be able to source materials quickly and efficiently in order to remain competitive, and this is where cognitive procurement comes into play. Cognitive procurement is a new approach to sourcing goods and services that uses artificial intelligence (AI) technology to streamline the process.

Automation 40

Automation Analytics Sourcing Efficiency 40

Obobo

JANUARY 15, 2023

Today, businesses of all sizes are looking for ways to get more out of their resources and reduce costs. By understanding where and how money is being spent, businesses can make more informed decisions about strategic investments and cost-saving measures. What is Spend Analytics Software? – Definition.

Analytics 40

Analytics Software Right-Sizing Reduced Costs 40

Obobo

JANUARY 15, 2023

Today, businesses of all sizes are looking for ways to get more out of their resources and reduce costs. By understanding where and how money is being spent, businesses can make more informed decisions about strategic investments and cost-saving measures. What is Spend Analytics Software? – Definition.

Analytics 40

Analytics Software Right-Sizing Reduced Costs 40

Automation Anywhere

FEBRUARY 9, 2022

When it comes to automation, the manufacturing industry has been decades ahead of others. But manufacturers still are challenged with automating some of their more complex back-office processes such as communicating with suppliers, processing payments, and generating reports.

Manufacturing 69

Manufacturing Robotics Process Automation Out-Tasking Automation 69