article thumbnail

How to Avoid Hidden Costs of Offshore Hourly Rates

SIG Speaks

So, how can you avoid additional costs associated with services provided by your outsourcing partner? At SMC2 we find that many Global Insourcing Center RFPs ask for hourly rates as a selection criterion to support cost control or optimization. Listen below. listen now. .

article thumbnail

The Top 8 Business Travel Management Tools

Planergy Software

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Cost Control When employees are responsible for booking their own travel, they tend to be more mindful of costs.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Is Vendor Contract Management And Why Is It Important?

Obobo

– Contract monitoring and management: This involves reviewing and monitoring the contract to ensure that the vendor is meeting their obligations. – Risk management: VCM helps identify and mitigate risks associated with vendor contracts, such as cybersecurity threats, data breaches, or financial instability.

article thumbnail

What Is Contract Management Lifecycle And Why Is It Important?

Obobo

Improved compliance: A well-managed contract management lifecycle reduces the risk of non-compliance with legal, regulatory, and contractual obligations. Better cost control: With the help of contract management tools, organizations can gain a better understanding of their spending patterns across contracts.