Sourcing Advisors Group
JUNE 29, 2020
Despite these significant actions, Gartner findings indicate that most firms are leaving 50c on the dollar – if not more – on the table by failing to fully leverage their purchasing power, as best-practices Strategic Sourcing shows that most firms can generate a permanent 20% cost reduction.
IBM Services
FEBRUARY 28, 2024
Sourcing is getting smarter. To start, many organizations have already pivoted from a tactical to a strategic sourcing mindset—which can make all the difference when it comes to gaining and retaining a competitive advantage. But now, the benefits of strategic sourcing are becoming even more attainable thanks to innovation.
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SIG Speaks
APRIL 25, 2023
The company's prior organizational structure was that each facility was its entity with its procurement, human resources, quality, and manufacturing departments excreta. To gain efficiencies, reduce costs and ensure long-term viability, the company executives wanted to consolidate the company as one.
Planergy Software
DECEMBER 12, 2023
Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This can include seeking additional funding sources such as grants, donations, or fundraising activities.
Planergy Software
SEPTEMBER 8, 2023
How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Fuel costs are essential for vehicle operation and depend on fuel efficiency and driving habits. These expenses often vary across departments, such as marketing, human resources, and operations.
Planergy Software
FEBRUARY 9, 2023
How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It’s efficient and cost-effective to have a predetermined budget for each employee that adheres to the company’s financial regulations – this ensures employee reimbursements are issued following company standards.
IBM Services
JANUARY 31, 2024
Here are some of the most common types of sourcing: Outsourcing Outsourcing is using a domestic or foreign third-party to carry out an activity or provide goods or services that are typically provided in house. Strategic sourcing methods : ethical, responsible and sustainable sourcing There are many types of sourcing strategies.
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