Obobo

JULY 1, 2022

What Is Source-To-Pay (S2P)? Source-To-Pay Vs Procure-To-Pay. What Is Source To Pay (S2P)? 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. What Is The Source to Pay Process? Source to pay process: 1.

Sourcing 52

Sourcing Accounting Software Automation 52

Everest Group

JULY 18, 2023

As you know firsthand, an effective one is needed to meet your stakeholders’ expectations in today’s uncertain economic environment. How do organizations enable effective collaboration between category managers, suppliers, and business stakeholders? How is resource management conducted in best-in-class procurement organizations?

Management 59

Management Strategic Sourcing Outsourcing Government 59

SIG Speaks

OCTOBER 26, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Prateek Jindal describes how the course helped him and his team increase value from improving their strategic sourcing strategies on down through your category playbook.

Management 40

Management Strategic Sourcing Facilities Management Sourcing 40

IBM Services

DECEMBER 13, 2023

It can nurture collaborative partnerships with suppliers and integrate ethical and environmental (green purchasing) considerations into the sourcing strategy. It should be a strategic roadmap that, when effectively designed and implemented, aligns with the mission of the organization and greatly contributes to its success.

Administrative 70

Administrative Sourcing Collaborations Strategic Sourcing 70

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

Everest Group

OCTOBER 14, 2021

It may seem at times that the IT and procurement departments can be on different planets when it comes to IT sourcing services spend. Anyone who has set up a new procurement department at a firm with large volumes of untracked indirect spend knows they first need to target the IT department and get involved in their sourcing projects.

Sourcing 52

Sourcing Cybersecurity Right-Sizing Risk Management 52

SIG Speaks

DECEMBER 1, 2022

Join us for this collaborative and very personal conversation! How to Source Smartly in Times of Inflation. Join Coupa Software experts Ayush Sharma and Dr. Jeffery Collins on the challenges of sourcing in the current inflationary environment—and what's coming in 2023! Sourcing Industry Landscape Podcast. Listen now.

Strategic Sourcing 40

Strategic Sourcing Sourcing Collaborations Sales 40

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. This essay will explore aspects such as supplier collaboration, transparency, risk, technological adoption, and sustainability.

Collaborations 40

Collaborations Strategic Sourcing Sourcing Efficiency 40

Future of Sourcing

MARCH 21, 2023

Now as uncertainty is once again upon us, strategic sourcing teams and suppliers are on opposite sides, it has eroded the concept of having suppliers as your true “partners” and rendered the sourcing function as a more tactical operation. The Japanese pioneered the concept of Keiretsu. Share your strategy.

Reduced Overhead 64

Reduced Overhead Strategic Sourcing Collaborations Government 64

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

SIG Speaks

DECEMBER 13, 2022

In the future of advanced crowdsourcing for procurement, leaders will increasingly source ideas from resources with more diverse skill sets. ProcureAbility predicts that by 2030, strategic sourcing will take no longer than two weeks, thanks to cognitive computing. The first is advanced crowdsourcing. learn more.

Cybersecurity 40

Cybersecurity Strategic Sourcing Sourcing Administrative 40

Planergy Software

NOVEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Best Practices & Tips Strategic Sourcing Supplier Relationship Management. This means there is a greater potential for supply chain disruptions if these vendors fail to meet their obligations. Written by.

Strategic Sourcing 52

Strategic Sourcing Reduced Costs Sourcing Supply Chain Management 52

Planergy Software

JULY 21, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It involves procuring services from outside sources and managing the relationship with supplier or service provider. How to gain visibility and control of your indirect spend. What is Services Procurement?

Management 52

Management Service Strategic Sourcing Supply Chain Management 52

Perficient Digital Transformation

NOVEMBER 8, 2021

What can a company do to meet these hefty customer expectations in the middle of this supply chain mess? Companies should prioritize collaborative planning. Strategic sourcing and spend control. From easy ordering to quick deliveries, the e-commerce giant is still the gold standard! Technology and data enablement.

Supply Chain Management 69

Supply Chain Management E-Commerce Manufacturing Strategic Sourcing 69

SIG Speaks

MAY 10, 2022

SIG University Certified Sourcing Professional (CSP) program graduate Patrick Fifer shares how important it is to manage your direct stakeholder relationships in the sourcing world. Throughout the Certified Sourcing Professional program, stakeholder management was a critical aspect interwoven throughout the lessons.

Management 40

Management Third Party Contracting Strategic Sourcing Human Resources 40

Everest Group

MAY 27, 2022

The sourcing approach always relies heavily on the skill and experience of the specialists delivering the activity. Best-in-class organizations take far less time for the same activities in IT strategic sourcing initiatives, completing the process in nine to 10 weeks, according to our IT Sourcing Pinnacle Model Assessment.

Outsourcing 52

Outsourcing Sourcing Strategic Sourcing Flexibility 52

Planergy Software

JANUARY 19, 2024

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. As a procurement professional, you know the importance of ensuring that all materials and services delivered by vendors meet or exceed your standards for quality and performance.

Risk Management 52

Risk Management Risk Management Supply Chain Management Sourcing 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

SIG Speaks

SEPTEMBER 27, 2022

SIG University Certified Sourcing Professional (CSP) program graduate Laurie Kuecker discusses how procurement leaders must change and adapt their processes to better fit their industry. The key is collaboration and honest communication. The communication should be open and truthful. Communication should be real-time. learn more.

Co-Sourcing 40

Co-Sourcing Administrative Extended Teams Strategic Sourcing 40

Everest Group

SEPTEMBER 21, 2021

The role is market-facing and focuses on helping clients maximize the value from their technology and sourcing decisions. The candidate will work with: Leading buy-side enterprises on various aspects of sourcing, supplier selection, and technology investments. Collaborative work style; strong interpersonal and team skills.

Global Sourcing Advisory 40

Global Sourcing Advisory Research Advisory Strategic Sourcing 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. You’ll likely send additional requests if you find the vendor may be able to meet your organization’s needs. Download Free Copy. Written by. Lyle Del Vecchio. 15 min read.

Supply Chain Management 52

Supply Chain Management Strategic Sourcing Sourcing Finance 52

SIG Speaks

DECEMBER 6, 2022

The Procurement Team must collaborate with the Legal Team and the Accounts Payable Team more than ever to make sure everything is set up correctly both in the supplier setup module and in the contract module to ensure that government requirements are correct on the supplier setup.

Government 40

Government Retail Banking Strategic Sourcing 40

Obobo

MARCH 23, 2023

Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing. Implement strategic sourcing by establishing a long-term plan that balances costs, risks, and benefits.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

Planergy Software

DECEMBER 25, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. By doing so, FP&A professionals help ensure the company is on track to meet its financial objectives and can quickly identify and address any issues hindering progress.

Finance 52

Finance Software Automation Analytics 52

Planergy Software

OCTOBER 18, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Employees are frequently on the move, whether it’s attending conferences, meeting clients, or visiting other branches. How to gain visibility and control of your indirect spend.

Finance 52

Finance Reduced Costs Management Risk Management 52

Planergy Software

JANUARY 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This process also helps create transparency within the supply chain so that everyone involved knows what’s going on at all times, leading to better communication and collaboration between all parties involved.

Supply Chain Management 52

Supply Chain Management Regulations Manufacturing Finance 52

Obobo

MARCH 30, 2023

Evaluate Supplier Performance: Evaluate supplier performance to ensure that contracts are optimized and suppliers are meeting or exceeding KPIs. key Takeaway: Successful procurement cost savings is a comprehensive process that requires strategic planning and execution. What are the Benefits of Procurement Cost Savings?

Analytics 40

Analytics Reduced Costs Strategic Sourcing Software 40

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. key Takeaway: Procurement savings are the cost reductions achieved by a company when purchasing goods and services through strategic sourcing. What is Procurement?

Finance 45

Finance Strategic Sourcing Software Reduced Costs 45

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

AUGUST 2, 2022

SLAs and SOWs specify the thresholds your suppliers must meet. Ensure that your contract includes information-sharing expectations so that you and your suppliers can work collaboratively. A successful supplier management program goes beyond strategic sourcing. Table of Contents. Identify Business Requirements.

Management 64

Management Right-Sizing Supply Chain Management Strategic Sourcing 64

Planergy Software

APRIL 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Process & Procedures Sourcing Supply Chain Management. Companies today need to focus efforts on ethical sourcing , not just saving money wherever possible. Download Free Copy. Written by. Lyle Del Vecchio.

Supply Chain Management 52

Supply Chain Management Manufacturing Sourcing Management 52

Obobo

AUGUST 16, 2022

SLAs and SOWs specify the thresholds your suppliers must meet. Ensure that your contract includes information-sharing expectations so that you and your suppliers can work collaboratively. A successful supplier management program goes beyond strategic sourcing. Table of Contents. Identify Business Requirements.

Management 52

Management Right-Sizing Supply Chain Management Strategic Sourcing 52

Planergy Software

SEPTEMBER 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Ultimately, the strategic collaboration between Disney and Pixar resulted in a powerful synergy that strengthened both companies’ positions in the animation market and created memorable content for audiences globally.

Manufacturing 52

Manufacturing E-Commerce Human Resources Marketing 52

Planergy Software

SEPTEMBER 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Business Travel and Entertainment Expenses Business travel and entertainment expenses include attending conferences, networking events, trade shows, client meetings, employee outings, and recreational activities.

Finance 52

Finance Insurance Software Management 52

Planergy Software

MARCH 24, 2022

SOWs and SLAs document established the thresholds your vendors are required to meet. Your contract should also include information-sharing expectations so that you can effectively work collaboratively with your vendors. As you work to build the right supplier management system for your business, consider these best practices.

Management 52

Management Insurance Supply Chain Management Right-Sizing 52

Planergy Software

FEBRUARY 9, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Put Finance and HR to Work Together To start crafting a T&E policy for your organization, arrange a meeting with both finance and human resources. Collaboration and cooperation between these two teams are crucial.

Finance 52

Finance Regulations Insurance Management 52

Planergy Software

OCTOBER 25, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. In addition, if you’re working with a team, team members can use the software to collaborate and stay up-to-date on the project’s progress. Often, meeting both of these objectives can seem like an impossible feat.

Management 52

Management Out-Tasking Finance Software 52