Obobo

AUGUST 25, 2022

What Is Strategic Sourcing? In the context of digital transformation, procurement and supply chain processes are evolving as a result of strategic sourcing, and the trend is poised to continue. This is what differentiates strategic sourcing from conventional purchasing. . How Does Strategic Sourcing Work?

Strategic Sourcing 59

Strategic Sourcing Sourcing Supply Chain Management Right-Sizing 59

Obobo

AUGUST 24, 2022

What Is Strategic Sourcing? In the context of digital transformation, procurement and supply chain processes are evolving as a result of strategic sourcing, and the trend is poised to continue. This is what differentiates strategic sourcing from conventional purchasing. . How Does Strategic Sourcing Work?

Strategic Sourcing 52

Strategic Sourcing Sourcing Supply Chain Management Right-Sizing 52

Planergy Software

SEPTEMBER 6, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Inaccurate projections can lead to poor decision-making and resource allocation, ultimately undermining the effectiveness of the strategic budget. This involves other departments collaborating effectively with finance.

Right-Sizing 52

Right-Sizing Finance Collaborations Accounting 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

Planergy Software

OCTOBER 25, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Stay Flexible. The amount you set as a limit for each category will depend on several factors, including the project’s size and scope, funding availability, and market conditions. Stay Flexible.

Management 52

Management Out-Tasking Finance Software 52

Planergy Software

MARCH 24, 2022

How better management in AP can give you better flexibility for cash flow management. As you work to build the right supplier management system for your business, consider these best practices. Your contract should also include information-sharing expectations so that you can effectively work collaboratively with your vendors.

Management 52

Management Insurance Supply Chain Management Right-Sizing 52

Planergy Software

SEPTEMBER 24, 2021

In a business climate radically altered by both digital transformation and major disruptors such as the COVID-19 novel coronavirus pandemic, companies who want to compete, grow, and innovate effectively need both flexibility and resilience. For chief financial officers (CFOs), this need is even more urgent. The result?

Finance 97

Finance Collaborations Flexibility Robotics Process Automation 97