Obobo

DECEMBER 17, 2021

In light of the ongoing effects of the pandemic, it is essential that businesses keep track of all cost reduction initiatives and strategic sourcing in order to survive harsh economic declines. Savings tracking refers to a method of estimating how much a company will save by using strategic sourcing and other cost-effective tactics.

Strategic Sourcing 52

Strategic Sourcing Finance Software Out-Tasking 52

Planergy Software

OCTOBER 18, 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. Efficiency Streamlining the travel booking process saves time and resources for both employees and the company.

Finance 52

Finance Reduced Costs Management Risk Management 52

Planergy Software

MAY 30, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. But by implementing T&E management best practices, you can make the process simpler and more efficient. How to gain visibility and control of your indirect spend. As you can see, a lot goes into managing business travel.

Management 52

Management Automation Finance Reduced Overhead 52

Planergy Software

OCTOBER 4, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Organizations must collect and analyze vast amounts of data to make informed decisions and improve their operations. This information can then be used to make better business decisions or improve operations.

Analytics 52

Analytics Out-Tasking Right-Sizing Sourcing 52

Planergy Software

MARCH 24, 2022

As you work to build the right supplier management system for your business, consider these best practices. Management needs to improve approve the policy which outlines how you will keep stakeholders informed. You need to share information and priority as part of the agreement.

Management 52

Management Insurance Supply Chain Management Right-Sizing 52

Planergy Software

OCTOBER 17, 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. They may also contain information about the business’s public records, such as judgments, liens, or bankruptcies.

Accounting 52

Accounting Finance Banking Strategic Sourcing 52

Obobo

MARCH 23, 2023

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.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

Planergy Software

OCTOBER 25, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This will save you time in the long run by ensuring that all the information you need is included in each document. You can avoid misunderstandings and resolve conflicts quickly and efficiently by keeping detailed records.

Management 52

Management Out-Tasking Finance Software 52

SIG Speaks

SEPTEMBER 28, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Sophie McNally shares how there is no one size fits all approach when it comes to ESG and that each company has to take a deep dive into what will ultimately work best for them. Labor rights and working conditions. Waste management recycling and reuse.

Sourcing 40

Sourcing Right-Sizing Strategic Sourcing Advisory 40

Planergy Software

MARCH 29, 2022

With a plethora of data collection points available at their disposal, it’s easier for business leaders to be lost in the information glut. However, every business and business leader should ponder for a moment: will collecting such a huge volume of data make sense unless it provides meaningful information and insights?

Analytics 52

Analytics Accounting Finance Strategic Sourcing 52

Planergy Software

MARCH 25, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It also aims to improve efficiency, monitor and control workflows, and maintain regulatory compliance. All organizations, regardless of their size and type, should develop a spend management process.

Management 52

Management Strategic Sourcing Accounting Right-Sizing 52