Planergy Software

JANUARY 19, 2024

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Vendor analysis is crucial for risk management. Read on to learn more about how effective vendor analysis can help you streamline your supply chain management efforts!

Risk Management 52

Risk Management Risk Management Supply Chain Management Sourcing 52

Intugo

NOVEMBER 22, 2023

Eight Ways to Boost Supplier Contract Management in Mexico Discover best practices for creating a strategy for supplier contract management in Mexico to identify supplier gaps and drive savings. An effective strategy for undertaking contract management in Mexico is increasingly important for ensuring success.

Strategic Sourcing 59

Strategic Sourcing Management Sourcing Collaborations 59

Sourcing Captain

SEPTEMBER 28, 2021

However, your success depends a lot of how to create and implement your sourcing strategy. Thanks to the advancement in technology, you can now hold virtual meetings with your suppliers sitting anywhere in the world. Tip 5: Constantly monitor supplier performance. It must be based on careful planning and evaluation.

Sourcing 130

Sourcing Manufacturing Efficiency Accounting 130

Sourcing Captain

AUGUST 25, 2021

Effective sourcing of goods from suppliers is more important today than it was ever before. The strategic sourcing process basically involves identify and analyzing the business needs of an organization and then matching them with the right suppliers after a thorough analysis of the market. 1. Identifying the right suppliers.

Strategic Sourcing 130

Strategic Sourcing Sourcing Supply Chain Management Manufacturing 130

Obobo

MARCH 23, 2023

In this blog post, we are going to examine 11 effective cost reduction strategies in procurement. However, managing procurement can be costly, and costs can add up quickly. Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

IBM Services

APRIL 25, 2024

Business process reengineering (BPR) is the radical redesign of core business processes to achieve dramatic improvements in performance, efficiency and effectiveness. This blog outlines some BPR examples that benefit from a BPM methodology. Organizations of all sizes and industries implement business process reengineering.

Supply Chain Management 60

Supply Chain Management Finance Human Resources Robotics Process Automation 60

Obobo

JANUARY 14, 2022

– Explain what is important and how to compare suppliers Which suppliers to go to? Companies that go through the sourcing process may opt to stay with their incumbent supplier since they have performed very well in the past and are competitive. Key Points To Consider When Running A Sourcing Activity. eSourcing for SMEs.

Sourcing 98

Sourcing Right-Sizing Time Savings Software 98

Obobo

APRIL 5, 2023

What Is A Supplier Management Plan? Are you tired of feeling overwhelmed by your suppliers’ demands and struggling to keep track of all the moving parts in your supply chain? If so, it’s time to implement a supplier management plan. What is supplier management? Let’s dive in!

Management 40

Management Reduced Costs Efficiency Sales 40

IBM Services

MARCH 27, 2024

One of the more common Scope 3 calculation methodologies that organizations use is the spend-based method, which can be time-consuming and resource intensive to implement. Furthermore, they outperformed classical text mining techniques like TF-IDF and Word2Vec, delivering performance on par with domain-expert classification.

Accounting 79

Accounting Sourcing Supply Chain Management Efficiency 79

Obobo

SEPTEMBER 29, 2022

What Is Supplier Due Diligence? Supplier due diligence is an essential process that you should undertake before signing a contract with a new supplier. In this blog post, we will provide you with an overview of what supplier due diligence is and why you should conduct it. What is Supplier Due Diligence?

Co-Sourcing 59

Co-Sourcing Software Supply Chain Management Right-Sizing 59

Obobo

OCTOBER 25, 2022

How can a supplier management software reduce risk? Introduction Supplier management software (SMS) is one of the most important tools in any business’s toolkit. It can help you manage and track your supplier relationships, ensuring that you’re getting the best possible products at all times.

Software 52

Software Management Risk Management Risk Management 52

IBM Business Partners

JULY 25, 2023

Independent research firm Verdantix recently identified IBM as a leader in their report, “ Green Quadrant: ESG Reporting and Data Management Software ” (July 17, 2023), which evaluated and provided a detailed assessment of solution providers and their product offerings.

Research 62

Research Software Management Analytics 62

Everest Group

MAY 11, 2023

As we covered in our last blog, healthcare payers , particularly commercially-focused enterprises, have to brace for the impending economic downturn. These healthcare provider trends will compel suppliers to take a streamlined and targeted approach to survive a recession. Reach out to learn more on this topic or ask questions.

Healthcare 52

Healthcare Analytics Outsourcing Insurance 52

IBM Business Partners

JULY 26, 2023

I previously led technical teams that helped customers with their AI implementations. Discover the current and emerging use cases for AI in waste management, optimization, energy reduction and ESG reporting. A company could combine purchase order information with a supplier’s ESG report.

Inventory Management 81

Inventory Management Manufacturing Government Retail 81

Obobo

DECEMBER 6, 2022

How To Implement A Contract Management System? When it comes to contract management, having a system in place is critical to ensuring that all parties involved are able to fulfill their obligations and avoid any unforeseen issues. Here are a few tips on how to implement a contract management system: 1. Contact Us.

Redistribution 40

Redistribution Management Software Sourcing 40

Everest Group

OCTOBER 11, 2022

Organizations must also measure their impact on people to provide a holistic picture of their sustainability performance. fair pricing practices), and supplier diversity programs broaden the social footprint. Welfare policies for suppliers’ personnel throughout the value chain. What can’t be measured can’t be managed.

Impact Sourcing 52

Impact Sourcing Sourcing Collaborations Jobbing 52

Obobo

MARCH 19, 2023

Effective contract management is more than just an administrative task. Contract management refers to the process of overseeing and managing the entire lifecycle of a contract. Without effective contract management, businesses can face unnecessary risks, missed opportunities, and potential litigation.

Management 40

Management Administrative Manufacturing Healthcare 40

Obobo

APRIL 5, 2023

What Is A Vendor Information Management System? Are you tired of sifting through endless spreadsheets and emails to manage your vendors? Look no further than a Vendor Information Management System (VIMS). This powerful tool streamlines vendor data collection, vetting, and management all in one place.

Management 52

Management Reduced Costs Right-Sizing Automation 52

Obobo

FEBRUARY 1, 2023

What is Category Management Procurement? If you’ve ever heard of category management procurement (CMP), you may be wondering what it is and how it works. CMP is a system of purchasing that combines the expertise of vendors, buyers and suppliers to optimize value for all stakeholders in a procurement process.

Management 40

Management Retail Finance Automation 40

Planergy Software

OCTOBER 18, 2023

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Partnering with a travel management company (TMC) can help you access travel experts to make the most of your program. What's Planergy?

Finance 52

Finance Reduced Costs Management Risk Management 52

Obobo

MARCH 19, 2023

A contract management process is a systematic approach to ensuring that contracts are created, monitored, and executed in a timely and efficient manner. A contract management process also involves tracking changes to contracts, ensuring compliance with legal and regulatory requirements, and managing risks associated with contract performance.

Management 40

Management Collaborations Efficiency Reduced Costs 40

IBM Business Partners

AUGUST 4, 2023

However, the number of biomedical equipment technicians (BMETs)—the professionals who manage, repair and maintain the medical equipment—is shrinking. What is a computerized maintenance management system (CMMS) and how can it help? The demand for skilled healthcare professionals is increasing.

Healthcare 61

Healthcare Inventory Management Out-Tasking Facilities Management 61

IBM Services

NOVEMBER 8, 2023

If the store can embed that data point back into its inventory management system, it will be able to better align supply and demand for individual items. Create a compliance roadmap: Outline the necessary activities for compliance encompassing data, systems, processes and supplier collaboration.

Inventory Management 112

Inventory Management Collaborations Right-Sizing Regulations 112

IBM Services

APRIL 10, 2023

A well-designed data foundation can also be a game-changer when it comes to managing ESG (environmental, social, and governance) commitments. By implementing a modern data architecture, you can set your organization up to gain insights quickly since users have self-service access to data relevant to their roles regardless of where it resides.

Government 91

Government Regulations Design Finance 91

IBM Business Partners

JUNE 30, 2023

Automate to ensure consistent service levels Without real-time demand sensing combined with visibility into performance across supplier networks, increasing grid/energy demands for consumers and growing communities can lead to product excess or shortages.

Reduced Costs 66

Reduced Costs Operational Costs Automation Analytics 66

Planergy Software

MARCH 2, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. In this blog post, we’ll cover what tail spend analysis is, its benefits, how to develop a plan for it, how to analyze data and trends, and how to best leverage tail spend analysis to improve efficiency.

Strategic Sourcing 52

Strategic Sourcing Reduced Costs Sourcing Efficiency 52

Obobo

MARCH 7, 2023

What Are The Benefits Of Using Procurement Contract Management Software In Procurement? Procurement processes can be complex and time-consuming, especially when it comes to managing contracts. That’s where procurement contract management software comes in! What is procurement contract management software?

Software 40

Software Management Out-Tasking Right-Sizing 40

IBM Services

OCTOBER 13, 2023

These shifting dynamics bring about unexpected disruptions—like changes in levels of demand—impacting your ability to effectively manage your inventory, satisfy your customer needs, and ultimately your bottom line. In addition, teams can perform cost/price analyses in real time, turning these changes into insights.

Marketing 72

Marketing Supply Chain Management E-Commerce Automation 72

SirionLabs

FEBRUARY 22, 2023

Proponents of these types of contracts say that, when properly managed, they yield a wide range of benefits– including lower costs, time savings and a significant reduction in the need for supplier oversight. Outcome-based contracts also offer substantial benefits to suppliers. What industries are using these types of contracts?

Healthcare 52

Healthcare Automation Engineering Management 52

SirionLabs

FEBRUARY 22, 2023

Proponents of these types of contracts say that, when properly managed, they yield a wide range of benefits– including lower costs, time savings and a significant reduction in the need for supplier oversight. Outcome-based contracts also offer substantial benefits to suppliers. What industries are using these types of contracts?

Healthcare 52

Healthcare Automation Engineering Management 52

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. But that’s not all.

Retail 130

Retail Inventory Management Sales Data Entry 130

IBM Business Partners

JUNE 30, 2023

80% of manufacturers report MRO asset management in their facilities needs improvement 60% of construction companies admit their industry is behind when it comes to adopting digital technology 5 ways the industrial sector can improve its supply chain resiliency 1. This equipment is critical to expanding capacity for chip production.

Manufacturing 74

Manufacturing Analytics Order Management Automation 74

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

Obobo

MARCH 19, 2023

In today’s increasingly competitive business environment, managing contracts is critical to organizational success. Without effective contract management, businesses face risks such as lost revenue, missed opportunities, and compliance violations.

Software 40

Software Management Data Entry Right-Sizing 40

Obobo

MARCH 20, 2023

In this blog post, we’ll dive into the exciting world of procurement and explore its vital role in helping organizations achieve their goals. Buying involves purchasing items from suppliers on behalf of the company. What Do You Do In Procurement And Why Is It Important? But what does it actually mean, and why does it matter?

Finance 40

Finance Customer Service Marketing Research 40

Obobo

MARCH 19, 2023

Vendor contracts management is a critical component of any business, no matter its size or industry. In this article, we’ll provide an overview of vendor contract management and how it can benefit your business. By implementing vendor contract management, businesses can get more control over their supplier relationships.

Management 40

Management Reduced Costs Automation Accounting 40

SirionLabs

OCTOBER 6, 2020

This blog has been co-authored by Claude Marais, President, SirionLabs and Arjen van Berkum, Chief Strategic Wizard, CATS CM. They have large dependencies on specialized external vendors and suppliers whose performance directly impacts their capability to serve customers beyond the traditional cost focus. CATS CM ® Methodology.

Sourcing 52

Sourcing Co-Sourcing Finance Management 52