IBM Services

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals.

Strategic Sourcing 84

Strategic Sourcing Sourcing Supply Chain Management Inventory Management 84

Obobo

MARCH 23, 2023

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.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

Planergy Software

JANUARY 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Research shows that investing in supply chain resilience reduces product development cycles by up to 60% and increases output capacity by up to 25%. Use PLANERGY to manage purchasing and accounts payable.

Supply Chain Management 52

Supply Chain Management Manufacturing Sourcing Retail 52

Planergy Software

SEPTEMBER 24, 2021

They need to understand emerging technologies such as artificial intelligence, data analytics, and robotic process automation. Cash flow management is closely tied to inventory management , supplier management, and supplier relationship management. ” Top Challenges and Priorities for CFOs.

Finance 97

Finance Collaborations Flexibility Robotics Process Automation 97