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

Magellan Solutions

MARCH 5, 2023

Role of Virtual Assistants in the Real Estate Industry Real Estate Research Researching is the bulk of the realtor’s tasks as it’s where they generate leads and reach out to qualified ones. Reduced Costs Businesses resort to hiring virtual assistants because it’s cost-effective.

E-Commerce 98

E-Commerce Healthcare Out-Tasking Administrative 98

IBM Business Partners

JUNE 30, 2023

IBM Supply Chain Intelligence Suite​ can monitor supply to minimize production delays, reduce costs, and facilitate streamlined and tighter collaboration, teamwork, and communication. Blockchain enables manufacturers to respond to demands for greater variety with shorter lead times and avoid counterfeit parts.​

Manufacturing 66

Manufacturing Inventory Management Reduced Costs Order Management 66

Everest Group

JULY 13, 2023

By combining GAI with advanced analytics, businesses can gain valuable insights into demand forecasting, inventory management, and logistics optimization, resulting in streamlined operations and reduced costs. However, conducting thorough research before implementing this technology is crucial.

Retail 52

Retail Inventory Management Sales Streamline Operations 52

IBM Services

FEBRUARY 13, 2024

Another way to use strategic sourcing methods to reduce costs is through digital transformation , such as automating manual processes. The cost of human error associated with manual processes can be steep, not to mention the toll it can take on trust within customer and vendor relationships.

Strategic Sourcing 84

Strategic Sourcing Sourcing Supply Chain Management Inventory Management 84

IBM Business Partners

JUNE 26, 2023

Facing challenges, Yanfeng Auto’s approach is to work with companies like IBM with advanced technology, industry experience and technical expertise to accelerate its own data-driven digital transformation to reduce cost, improve efficiency and scale for company-wide innovation.

Co-Sourcing 65

Co-Sourcing Automation Software Manufacturing 65

Planergy Software

SEPTEMBER 24, 2021

They focused the lion’s share of their time and skill set on dealing with regulatory issues, guiding their teams in cutting costs, managing cash flow, and enforcing budgeting initiatives, and then reporting the results. They don’t just lead the finance team or spearhead initiatives to reduce costs.

Finance 97

Finance Collaborations Flexibility Robotics Process Automation 97