Planergy Software

OCTOBER 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Sourcing Supply Chain Management. Knowing when to use which document for what purpose can dramatically improve your procurement process. Download Free Copy. Written by. Lyle Del Vecchio. 15 min read.

Supply Chain Management 52

Supply Chain Management Strategic Sourcing Sourcing Finance 52

Obobo

MARCH 23, 2023

For companies looking to reduce costs, procurement is often one of the first places they look. Cost reduction during procurement processes can be accomplished through various strategies that range from the short-term to medium and long-term goals. Short-term Cost Reduction Strategies Short-term Cost Reduction Strategies: 1.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

Planergy Software

MARCH 2, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Introduction To Tail Spend Analysis Tail spend analysis examines a company’s spending patterns and identifies opportunities to reduce costs and improve efficiency.

Strategic Sourcing 52

Strategic Sourcing Reduced Costs Sourcing Efficiency 52

Obobo

MARCH 7, 2023

Benefits of using purchase management software include increased efficiency, improved accuracy, and reduced costs. This can reduce the chances of errors and miscommunications between buyers and suppliers. This information can be used to negotiate better deals with suppliers and find cost-saving opportunities.

Software 40

Software Management Reduced Costs Data Entry 40

Planergy Software

SEPTEMBER 5, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It typically involves the following steps: Setting Financial Objectives Start by determining your short-term and long-term financial goals, such as increasing revenue, reducing costs, or improving profitability.

Finance 92

Finance Software Accounting Management 92

Obobo

AUGUST 2, 2022

You should write down your supplier management policy as a document. As part of the supplier management policy document, you should outline the ideal number of suppliers according to the categories you have defined. There should also be a description of the supplier review and selection process included in the document.

Management 64

Management Right-Sizing Supply Chain Management Strategic Sourcing 64

Obobo

AUGUST 16, 2022

You should write down your supplier management policy as a document. As part of the supplier management policy document, you should outline the ideal number of suppliers according to the categories you have defined. There should also be a description of the supplier review and selection process included in the document.

Management 52

Management Right-Sizing Supply Chain Management Strategic Sourcing 52