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. Will the proposed product or feature meet an unmet need?

Engineering 80

Engineering Manufacturing Collaborations Research 80

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.

Strategic Sourcing 40

Strategic Sourcing Sourcing Collaborations Sales 40

SIG Speaks

AUGUST 31, 2023

This essay will explore aspects such as supplier collaboration, transparency, risk, technological adoption, and sustainability. One key factor to explore when assessing a business model for Procurement is the level of collaboration between suppliers and the organization. Collaboration is a critical aspect of supplier relations.

Collaborations 40

Collaborations Strategic Sourcing Sourcing Efficiency 40

SIG Speaks

DECEMBER 13, 2022

ProcureAbility predicts that by 2030, strategic sourcing will take no longer than two weeks, thanks to cognitive computing. There is expected to be more collaboration with cybersecurity firms during and following an RFx. Also, expanding third-party screening to ensure vendors are meeting KPIs.

Cybersecurity 40

Cybersecurity Strategic Sourcing Sourcing Administrative 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. Share your strategy. Will you be there?

Reduced Overhead 64

Reduced Overhead Strategic Sourcing Collaborations Government 64

SIG Speaks

JULY 14, 2023

The idea is that tactical items require a lower management level, while strategic activities are meant to build collaborations and drive constant improvement and value across the category.

Management 40

Management Strategic Sourcing Sourcing Design 40

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

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

SIG Speaks

MAY 10, 2022

This has helped me leverage an existing Promoter stakeholder and get them to attend a meeting with a Latent stakeholder to spark that interest and hopefully move them to the Promoter quadrant. His skills include in analytics, cross departmental collaboration, third-party contract reviews, sourcing events, and purchasing among others.

Management 40

Management Third Party Contracting Strategic Sourcing Human Resources 40

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

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

Planergy Software

OCTOBER 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. You’ll likely send additional requests if you find the vendor may be able to meet your organization’s needs. They allow suppliers to understand the buyer’s requirements and submit a proposal that meets them.

Supply Chain Management 52

Supply Chain Management Strategic Sourcing Sourcing Finance 52

SIG Speaks

SEPTEMBER 27, 2022

We do it through commodity management, supplier and business collaboration, mitigating corporate risk, and managing change in the goods and services we collect. The key is collaboration and honest communication. Sharing only with executives or at the next monthly manager meeting is not recommended to wait for the right moment. .

Co-Sourcing 40

Co-Sourcing Administrative Extended Teams Strategic Sourcing 40

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

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 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

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

Obobo

JULY 1, 2022

In order to implement such a sourcing strategy , companies can use software platforms that can handle historical spending data, market trends, and business objectives. In a seamless onboarding process, suppliers who meet minimum standards are then marked as a preferred supplier. The post What Is Source-To-Pay (S2P)?

Sourcing 52

Sourcing Accounting Software Automation 52

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. – Use predictive analytics to forecast future demand and price trends.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

Everest Group

OCTOBER 14, 2021

Often, IT category managers end up closely collaborating with their functional leads, and certain organizations centralize procurement departments in IT. Procurement should confidently bring in their expertise from strategic sourcing and spend analysis to contracting, benchmarking, and spend management to deliver value within IT.

Sourcing 52

Sourcing Cybersecurity Right-Sizing Risk 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

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

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

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

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

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.

Finance 97

Finance Collaborations Flexibility Robotics Process Automation 97

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

Planergy Software

JULY 21, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Goods can generally be bought off the shelf, but most service procurements require custom contracts to meet specific requirements. How to gain visibility and control of your indirect spend.

Management 52

Management Service Strategic Sourcing Supply Chain Management 52

SIG Speaks

JANUARY 13, 2023

Sourcing is a process that involves finding, selecting, evaluating, and managing suppliers for day-to-day and long-term purposes for goods and services needed in the organization/company. Sourcing involves four significant steps Assess , Analyze , Execute and Evaluate. . learn more. .

Sourcing 40

Sourcing Strategic Sourcing Impact Sourcing Government 40

Everest Group

MAY 27, 2022

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. If the answer to both of these is “no,” then an alternative solution may be more appropriate.

Outsourcing 52

Outsourcing Sourcing Strategic Sourcing Flexibility 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

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

APRIL 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. As a supply chain manager, you have to determine how you can shift production schedules and rearrange your supply chain to meet the new demand. How to gain visibility and control of your indirect spend. Download Free Copy.

Supply Chain Management 52

Supply Chain Management Manufacturing Sourcing Management 52

Everest Group

SEPTEMBER 21, 2021

The candidate must be able to analyse, write, participate actively in the sales cycle with our commercial teams and present in front of large and small audiences, work with senior executives, develop research agendas, and work with clients solving strategic issues around technology sourcing. Key responsibilities.

Global Sourcing Advisory 40

Global Sourcing Advisory Research Advisory Strategic Sourcing 40