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The Importance of Selecting the Right Sourcing Business Model

SIG Speaks

SIG University Certified Supplier Management Professional (CSMP) program graduate Gicela Isla-Richter breaks down the importance of the selecting the correct sourcing business model and the levels of supplier management. Supplier performance management - the supplier is managed by a specific KPI. The GRC Tool.

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If IT Is from Mars, Procurement Is from Venus: 5 Steps to Break the Chasm between IT and Procurement for IT Sourcing

Everest Group

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.

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IT Service Management (ITSM) in Education: Enhancing IT Support For Students And Faculty

31 West

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.

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Defining Software Value: Precursor to Successful Investments and Budgeting Decisions

Everest Group

Product ideas are derived from four key distinct sources: Coming up with ideas internally and scaling team-level initiatives. Enterprises are increasingly adopting agile budgeting practices to drive the trifecta of value, collaboration, and risk management. Right-sized investments with a value-first ideology.

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Corporate Travel Program: How To Create a Program for Employer and Employee Needs

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. A well-designed corporate travel program prioritizes employee safety by vetting travel suppliers, providing travel risk management resources, and offering 24/7 support for travelers in case of emergencies.

Finance 52
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11 Cost Reduction Strategies in Procurement

Obobo

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.

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What Is Supplier Due Diligence? The Ultimate Process & Guide

Obobo

Risk assess and mitigate any potential risks identified during the investigation process. Questions to ask Suppliers when doing Supplier Due Diligence When starting a business, it is important to ensure that you find the right supplier. The most common type of supplier management software is an ERP system.