Future of Sourcing

MAY 9, 2023

Conducting Sourcing During a Crisis Following strategies are adopted by best-in-class procurement teams that help them navigate through the uncertainties faced during a calamity: 1. Investing in Collaborative Sourcing Every procurement expert stresses the importance of collaboration.

Sourcing 52

Sourcing Collaborations Analytics Strategic Sourcing 52

31 West

NOVEMBER 25, 2023

In the rapidly evolving digital landscape of the 21st century, Information Technology Service Management (ITSM) has emerged as a critical component in various sectors, especially in education. Drawing on various methods and sources, we’ll explore how effective ITSM can revolutionize the educational experience.

Management 130

Management Service Administrative Research 130

IBM Business Partners

JUNE 29, 2023

IBP brings together various functions, including sales, marketing, finance, supply chain, human resources, IT and beyond to collaborate across business units and make informed decisions that drive overall business success. Data integration and analytics IBP relies on the integration of data from different sources and systems.

Supply Chain Management 83

Supply Chain Management Analytics Collaborations Human Resources 83

Future of Sourcing

APRIL 27, 2023

The need for more strategic, collaborative, and partnership-oriented interaction between procurement and legal departments in the enterprise has never been more important. At the same time, risk management has always been the traditional driver for the legal department.

Risk Management 52

Risk Management Risk Management Collaborations Sourcing 52

IBM Services

FEBRUARY 19, 2024

Here’s how companies are using different strategies to address supply chain management and meet their business goals. Why supply chain management matters Supply chain management involves coordinating and managing all the activities involved in sourcing , procurement, conversion and logistics.

Supply Chain Management 86

Supply Chain Management Management Inventory Management Analytics 86

Perficient Digital Transformation

NOVEMBER 8, 2023

CMDB Challenges: Unraveling the Common Thread: The prevalent concerns that echo through the minds of all Configuration Management Database (CMDB) owners across our customers are: How can I maximize the value of my CMDB? Establishing trust in CMDB as a reliable source of data remains a challenge. or India but also in Latin America.

Co-Sourcing 52

Co-Sourcing Risk Management Risk Management Collaborations 52

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

Paysquare

APRIL 30, 2024

Introduction of AI-Powered Statutory Compliance Solution Integrating Artificial Intelligence with compliance procedures in a business has revolutionized the way that businesses and government operate – it makes them both effective and efficient. Through AI-powered systems, regulatory adherence becomes more efficient and effective.

Government 52

Government Payroll Cybersecurity Regulations 52

Future of Digital Sourcing Outsourcing

OCTOBER 14, 2022

On October 19th, the Future of Sourcing Awards will celebrate organizations and individuals that have shown innovation, leadership and transformation in categories that are critical to the sourcing industry. In today’s dynamic ESG risk landscape, data collected at a point in time is quickly stale.

Management 72

Management Sourcing Risk Management Risk Management 72

SIG Speaks

AUGUST 31, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Andy Perkins highlights the key foundation for driving excellence between supplier and client in the new market we live in. 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

IBM Services

DECEMBER 15, 2023

Sustainability in business also provides organizations an opportunity to create more efficient supply chains that have a positive impact on the planet. Recycling programs, renewable energy sources, waste reduction and energy efficiency—all these things in theory can contribute to better environmental footprint.

Manufacturing 71

Manufacturing Advisory Regulations Sourcing 71

Groove Technology

FEBRUARY 5, 2022

Companies that use or outsource DevOps processes have demonstrated that its principles can result in improved project visibility, increased development efficiency, simplified system configuration, optimized resources, and strengthened data security. Implementing Devops Has Grown In Popularity Over The Last Few Years. The DevOps lifecycle.

Outsourcing 130

Outsourcing Collaborations Software Automation 130

Obobo

JULY 27, 2022

The Ultimate Guide To Successful Supplier Lifecycle Management. A successful collaboration requires a thorough understanding of every aspect of the supplier. Supplier lifecycle management involves managing these aspects. What Is Supplier Lifecycle Management? Supplier Risk Management.

Management 52

Management Risk Management Risk Management Collaborations 52

Obobo

JULY 12, 2022

The Ultimate Guide To Successful Supplier Lifecycle Management. A successful collaboration requires a thorough understanding of every aspect of the supplier. Supplier lifecycle management involves managing these aspects. What Is Supplier Lifecycle Management? Supplier Risk Management.

Management 52

Management Risk Management Risk Management Collaborations 52

Everest Group

AUGUST 25, 2023

Integrating Generative Artificial Intelligence (GAI) into Source-to-Pay (S2P) processes can reshape procurement operations. Our survey of procurement professionals found the technology holds great potential to transform spend analytics and cost optimization while increasing efficiency and saving time.

Analytics 52

Analytics Sourcing Out-Tasking Efficiency 52

Amzur

JUNE 7, 2023

source Cloud-based platforms and digital tools facilitate real-time access to financial data, allowing CFOs to collaborate seamlessly with stakeholders across departments, locations, and even different time zones. Conducting a comprehensive risk assessment is another vital step.

Finance 52

Finance E-Commerce Analytics Risk Management 52

IBM Services

OCTOBER 16, 2023

It encompasses risk management and regulatory compliance and guides how AI is managed within an organization. Open-source projects, academic institutions, startups and legacy tech companies all contributed to the development of foundation models. ” Are foundation models trustworthy?

Government 75

Government Management Risk Management Risk Management 75

The Hackett Group

FEBRUARY 16, 2024

Procurement leaders are also actively evaluating how generative AI (Gen AI) can help them improve both efficiency and effectiveness in a range of functional areas. Procurement is once again anticipating an efficiency gap in 2024 as workload is expected to increase by 8% in 2024, while budgets are expected to rise by only 1.6%.

Advisory 59

Advisory Research Analytics Risk Management 59

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

Everest Group

MARCH 17, 2023

On the product side, MGAs have the flexibility to build products in collaboration with the insurer but may have a lower appetite for innovation and slower speed to market, depending on the insurer’s capability and commitment. On the customer relationship side, these specialized agents have full control over all customer activities.

Insurance 52

Insurance Robotics Process Automation Risk Management Risk Management 52

Planergy Software

MAY 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Procurement Strategic Sourcing. You can do it by negotiating favorable terms and promoting collaboration with cross-functional teams. When your process is efficient, your organization has economies of scale.

Strategic Sourcing 59

Strategic Sourcing Sourcing Reduced Costs Supply Chain Management 59

Planergy Software

SEPTEMBER 29, 2021

Such risk can originate outside your business or within its walls; it can strike upstream or down. Companies who invest in supply chain risk management understand the new role procurement occupies in their organizations, and take action to ensure this powerful source of strategic value generates maximum returns with minimal exposure.

Management 52

Management Supply Chain Management Risk Management Risk Management 52

Paysquare

AUGUST 7, 2023

This leads to improved operational efficiency and cost savings. Assess the need of your organization, like cost reduction, enhancing efficiency, improving financial reporting, or accessing specialized expertise. Evaluate their technological capabilities, security protocols, and communication channels to ensure smooth collaboration.

Accounting 52

Accounting Outsourcing Collaborations Out-Tasking 52

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

SIG Speaks

OCTOBER 19, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Kate Laing shares her perspective on the importance of a clear, concise presentation and how it is very important for the entire team and reinforces the depth of work performed and the criticality of procurement to your stakeholders.

Strategic Sourcing 40

Strategic Sourcing Sourcing Manufacturing Risk Management 40

Obobo

OCTOBER 25, 2022

This software can help manage inventory, billings, and payments. By managing the relationship with your suppliers in a more organized and efficient manner, you can reduce the risk of future problems and save money in the long run. What is Supplier Information Management?

Software 52

Software Management Risk Management Risk Management 52

Planergy Software

SEPTEMBER 24, 2021

Securing competitive advantage means mastering emerging technologies and developing strategies that incorporate risk management, data-driven decision making, and a collaborative, agile approach. Taking a collaborative approach to supplier relationship management can help improve cash flow. The result?

Finance 97

Finance Collaborations Flexibility Robotics Process Automation 97

Capgemini

NOVEMBER 30, 2022

It helps from the bottom-line perspective in terms of bringing greater efficiencies,” according to Ashvin Parmar, Vice President, Insights & Data Practice Leader at Capgemini. The banks and insurers don’t have a choice but to start to collaborate,” Parmar says. “So, But more importantly, it lays the foundation for innovation.

Service 52

Service Finance Risk Management Risk Management 52

SirionLabs

NOVEMBER 30, 2021

Introduction to Contract Management. Contract management (CM) is the key to cost-effective collaboration at all levels of the enterprise. The central repository acts as a single source of truth, also giving you a bird’s eye view of third-party engagements. Enable better collaboration. Harness contract intelligence.

Management 52

Management Collaborations Risk Management Risk Management 52

Planergy Software

SEPTEMBER 5, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Allocates Resources Efficiently Business budgeting lets you analyze your company’s financial needs and distribute resources accordingly. How to gain visibility and control of your indirect spend.

Finance 92

Finance Software Accounting Management 92

Everest Group

NOVEMBER 28, 2023

Increasing demand for specialized products, the need to underwrite newer business lines, and a push for efficiency are driving insurers to build relationships with MGAs – all suggesting the upcoming years could be a golden era for MGAs. Simultaneously, they are seeking to enhance operational efficiencies and carve out a larger market share.

Insurance 59

Insurance Service Co-Sourcing Analytics 59

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

Everest Group

JULY 26, 2022

To measure the value delivered by a software product in a standard way, enterprises need to gauge the incremental improvement in efficiency (effort reduction, quality improvement), stakeholder experience (customer, partner, employees), and trust (security, compliance, ethics). But how is the ideation done?

Software 52

Software Right-Sizing Efficiency Collaborations 52

Obobo

SEPTEMBER 13, 2022

Are our processes consistent and repeatable, and are they efficient? Improved risk Management. It is essential to monitor risk management throughout the procurement transformation process. To monitor and mitigate risk, processes must be implemented. Conclusion. The post What is Procurement Transformation?

Co-Sourcing 59

Co-Sourcing Risk Management Risk Management Jobbing 59

IBM Services

DECEMBER 4, 2023

We are now starting collaborations with a few insurance companies to incorporate foundation models and prompt tuning to enhance agent assistance capabilities. Currently, using this data for modeling risk involves manually-intensive efforts, and AI capabilities are underutilized.

Insurance 56

Insurance Cybersecurity Risk Management Risk Management 56

Groove Technology

MARCH 14, 2022

IT resources and staff augmentation enables developers, architects, designers, test engineers, product managers, project managers, and other experts to form a strong team that delivers high-quality projects in the most cost-effective and time-efficient manner. Management hurdles. As a result, risk management is critical.

Outsourcing 130

Outsourcing Administrative Human Resources Collaborations 130

The Hackett Group

DECEMBER 10, 2021

They will transform core business processes through improved accuracy, efficiency, speed, eliminating manual work and enabling better-informed decision-making. Benefits: User experience, capacity planning/demand forecasting, capital expenditure performance, process efficiency and quality. How should we overcome any skills gap?

Analytics 98

Analytics Government Automation Efficiency 98