SIG Speaks

DECEMBER 21, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Kate Burke outlines the necessary points for creating a strong, healthy, and productive relationship while ensuring your company has a clear path of intention and expectation. Include language that allows the business a say in replacements.

Management 40

Management Strategic Sourcing Government Sourcing 40

SIG Speaks

JULY 14, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Stephanie Clark shares an excellent analysis of the category management process from a strategic lens and notes when a well-designed program is enabled, it is equally effective for direct and indirect spend and across spend categories.

Management 40

Management Strategic Sourcing Sourcing Design 40

Obobo

AUGUST 2, 2022

Best Practices for Supplier Management. Managing suppliers is an essential component of a business’ procurement process. Poor management, however, can add more stress to the situation. Consider these best practices as you build the right supplier management system for your business. Table of Contents.

Management 64

Management Right-Sizing Supply Chain Management Strategic Sourcing 64

IBM Services

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. This enables an effective and adaptive approach to sourcing that creates value and minimizes risk.

Administrative 70

Administrative Sourcing Collaborations Strategic Sourcing 70

Obobo

AUGUST 16, 2022

Best Practices for Supplier Management. Managing suppliers is an essential component of a business’ procurement process. Poor management, however, can add more stress to the situation. Consider these best practices as you build the right supplier management system for your business. Table of Contents.

Management 52

Management Right-Sizing Supply Chain Management Strategic Sourcing 52

Planergy Software

MARCH 24, 2022

How better management in AP can give you better flexibility for cash flow management. Supplier Management Best Practices. Best Practices & Tips Business Process Management (BPM) Supplier Relationship Management. But when managed poorly, it can add an extra layer of stress. Download Free Copy. Written by.

Management 52

Management Insurance Supply Chain Management Right-Sizing 52

Future of Sourcing

JULY 28, 2023

Innovations in Sustainability Dräeger – Using Smart Processes to Create Resilient Supply Chains SAP / DSM - Firmenich – How Royal DSM and SAP Digitalized Global Procurement Processes for Strategic Source-to-Pay Capabilities and Sustainability Safety Projects International, Inc.

Facilities Management 52

Facilities Management Robotics Process Automation Retail Strategic Sourcing 52

Planergy Software

MAY 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. How Strategic Procurement Can Give You a Competitive Advantage. Procurement Strategic Sourcing. You can do it by negotiating favorable terms and promoting collaboration with cross-functional teams.

Strategic Sourcing 59

Strategic Sourcing Sourcing Reduced Costs Supply Chain Management 59

SIG Speaks

OCTOBER 12, 2023

The rapid advancements in AI have notably impacted various business functions, including procurement and sourcing. Businesses and organizations continue to strive to enhance efficiency, reduce costs, and gain a competitive edge, and AI technologies have begun to revolutionize the procurement landscape.

Sourcing 40

Sourcing Strategic Sourcing Outsourcing Regulations 40

IBM Services

JANUARY 16, 2024

A finely tuned product development strategy is a holistic, cross-collaborative endeavor with the capacity to help any organization weather unforeseen events or market changes. During this phase, cross-collaborative efforts should focus on ideation and iteration. Why is a strong product development strategy important?

Engineering 80

Engineering Manufacturing Collaborations Research 80

SIG Speaks

NOVEMBER 30, 2023

Unfortunately, it is frequent that these rapid build-outs of Intelligent Process Automation (IPA) programs have provided diminished returns from a lack of understanding of underlying processes and inefficient program management and governance.

Automation 40

Automation Strategic Sourcing Government Sourcing 40

SIG Speaks

AUGUST 31, 2023

This essential function is a part of every business, and a company must develop sound business models that ensure the process is efficient and effective. Several factors determine whether a business model is efficient and effective. Collaboration is a critical aspect of supplier relations.

Collaborations 40

Collaborations Strategic Sourcing Sourcing Efficiency 40

Planergy Software

OCTOBER 25, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. 7 Tips For Managing Project Budgets Successfully. Budget Management Procurement Project Management. Managing a project budget is no small feat. Download Free Copy. Written by. Rob Biedron.

Management 52

Management Out-Tasking Finance Software 52

SIG Speaks

OCTOBER 19, 2023

By presenting clearly and concisely, procurement professionals can foster transparency and accountability, enabling executives to make informed decisions based on a thorough understanding of the procurement function's contributions. One of the primary objectives of procurement is to achieve cost savings while maintaining quality and efficiency.

Strategic Sourcing 40

Strategic Sourcing Sourcing Manufacturing Risk Management 40

Future of Sourcing

MARCH 21, 2023

As we have entered the realm of friction-based supplier relationships, the time has come to reinvigorate leading practices from Keiretsu through an improved alignment and external vertical integration with your critical suppliers, says Tyler Higgins, Managing Director of AArete. Sometimes the best ideas come from your most trusted partners.

Reduced Overhead 64

Reduced Overhead Strategic Sourcing Collaborations Government 64

Planergy Software

SEPTEMBER 5, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Whether you have a small business or a large corporation, the basic steps and best practices for managing budgets are the same. How to report and analyze indirect spend to identify savings opportunities.

Finance 92

Finance Software Accounting Management 92

SIG Speaks

DECEMBER 13, 2022

As Conrad noted, future procurement organizations will be a smaller, more desegregated and more efficient teams. ProcureAbility predicts that by 2030, strategic sourcing will take no longer than two weeks, thanks to cognitive computing. Now on to Cognitive Computing. On to Hyper Cybersecurity.

Cybersecurity 40

Cybersecurity Strategic Sourcing Sourcing Administrative 40

Obobo

MARCH 23, 2023

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. Centralize purchasing to drive efficiency, streamline purchasing procedures, and minimize silos.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

Planergy Software

OCTOBER 18, 2023

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. What's Planergy?

Finance 52

Finance Reduced Costs Management Risk Management 52

Planergy Software

SEPTEMBER 6, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Budgeting is a critical financial planning and management aspect for individuals, businesses, and organizations. How to report and analyze indirect spend to identify savings opportunities.

Right-Sizing 52

Right-Sizing Finance Collaborations Accounting 52

Obobo

MARCH 21, 2023

Procurement savings refer to the cost reductions that are achieved by a company when it purchases goods and services through a strategic sourcing process. By adopting best practices such as spend analysis, supplier management, and e-procurement , companies can save money and increase efficiency.

Finance 45

Finance Strategic Sourcing Software Reduced Costs 45

Planergy Software

DECEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Best Practices & Tips Category Management Procurement. Managing the challenges with best practices, including using procurement software for the marketing spend category helps simplify your process.

Marketing 52

Marketing Strategic Sourcing Out-Tasking Sourcing 52

SIG Speaks

JULY 1, 2022

Join us for this collaborative and very personal conversation! Simplify Contract Management. Without an effective contract management system, procurement teams can struggle to streamline their processes, leading to organizational delays and longer contracting processes. register now. . . Power Hour Webinars. Listen now.

Strategic Sourcing 40

Strategic Sourcing Sourcing Collaborations Research 40

Planergy Software

JANUARY 19, 2024

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Vendor analysis is crucial for risk management.

Risk Management 52

Risk Management Risk Management Supply Chain Management Sourcing 52

Planergy Software

DECEMBER 25, 2023

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. What's Planergy?

Finance 52

Finance Software Automation Analytics 52

SIG Speaks

APRIL 14, 2022

As the co-author of the 2005 book Straight to the Bottom Line®: An Executive's Roadmap to World Class Supply Management, Rudzki knows a thing or two about the subject matter about which he confidently writes. Of course, recognizing the need to collaborate is not enough. Let's start with a bit of a history lesson.

Finance 40

Finance Co-Sourcing Sourcing Strategic Sourcing 40

Obobo

MARCH 30, 2023

Procurement cost savings refer to the savings achieved through strategic sourcing , negotiation, and reducing excess spending in procurement. The ability to collaborate and communicate regularly with suppliers can lead to better relationships, efficiencies, and increased innovation. How Can Companies Measure Cost Savings?

Analytics 40

Analytics Reduced Costs Strategic Sourcing Software 40

Obobo

JULY 1, 2022

An S2P is a sourcing and procurement process in which suppliers are sought out, negotiated with, signed up for, and eventually paid for their products or services. S2P software enables individuals and organizations to create a more efficient procurement process. . What Is The Source to Pay Process? Source to pay process: 1.

Sourcing 52

Sourcing Accounting Software Automation 52

Planergy Software

DECEMBER 12, 2023

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. What's Planergy?

Finance 52

Finance Government Redistribution Administrative 52

SIG Speaks

MARCH 28, 2022

Michael is the VP Strategic Sourcing & Business Leader for ATD Sourcing Solutions, whose unique approach to battling inflation we will discuss in a follow-up post. Recognizing that suppliers are an integral part of what we do, we need to create new efficiencies leveraging our suppliers’ labor force to deliver services.

Strategic Sourcing 40

Strategic Sourcing Sourcing Outsourcing Collaborations 40

Planergy Software

OCTOBER 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Sourcing Supply Chain Management. RFIs can also help buyers identify potential suppliers and compare them against each other, which is crucial for strategic sourcing. Download Free Copy.

Supply Chain Management 52

Supply Chain Management Strategic Sourcing Sourcing Finance 52

Obobo

JANUARY 15, 2023

It’s a question that has been asked by many businesses looking to make the most efficient use of their resources and maximize their profits. This can be done by automating routine tasks, eliminating unnecessary steps, and improving communication and collaboration between Procurement and other departments within the organization.

Reduced Costs 40

Reduced Costs Out-Tasking Strategic Sourcing Automation 40

SIG Speaks

MARCH 30, 2023

The WIIFWe attitude represents a collaborative ideology, whereas all parties in a negotiation share risk and benefit. Trust has benefits in a sourcing environment. It simplifies the processes of procuring goods/services, improves overall efficiency, engagement, and productivity, and leads to increased profit.

Co-Sourcing 40

Co-Sourcing Supply Chain Management Sourcing Banking 40

Planergy Software

JANUARY 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Best Practices & Tips Business Process Management (BPM) Supplier Relationship Management. You can manage suppliers by breaking them down into different tiers more efficiently. Written by.

Supply Chain Management 52

Supply Chain Management Regulations Manufacturing Finance 52

Planergy Software

SEPTEMBER 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. In this article, we will explore discretionary expenses in both personal and business contexts, including their definition, examples, and best practices for managing them.

Finance 52

Finance Insurance Software Management 52

Planergy Software

FEBRUARY 9, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. With a travel and expense policy in place, your organization can manage employee journeys and reimbursements competently. Collaboration and cooperation between these two teams are crucial.

Finance 52

Finance Regulations Insurance Management 52

Planergy Software

APRIL 19, 2022

How better management in AP can give you better flexibility for cash flow management. This process left upper management such as Chief Financial Officers (CFOs) in the dark regarding purchases, leaving them to simply pay the bills at month-end. How AP can improve relationships with your key suppliers. Download Free Copy.

Finance 52

Finance Accounting Out-Tasking Manufacturing 52