Efficiency, Regulations, Sourcing and Strategic Sourcing

The Future of Procurement and Sourcing: The Effects of Artificial Intelligence in the Industry

SIG Speaks

OCTOBER 12, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Lauren Redden shares an excellent essay on the power of AI to transform the smart sourcing industry, in balance with the potential risks that companies must evaluate in employing more intelligent automation into their processes.

Sourcing

Sourcing Strategic Sourcing Outsourcing Regulations

Is Your Procurement And Sourcing Function ESG Sustainable Ready?

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. Supplier diversity and inclusion - direct spend with diverse and underrepresented suppliers.

Sourcing

Sourcing Right-Sizing Strategic Sourcing Advisory

2023 FOSA Finalists

Future of Sourcing

JULY 28, 2023

Innovations in Sustainability Dräeger – Using Smart Processes to Create Resilient Supply Chains SAP / DSM - Firmenich – How Royal DSM and SAP Digitalized Global Procurement Processes for Strategic Source-to-Pay Capabilities and Sustainability Safety Projects International, Inc.

Facilities Management

Facilities Management Robotics Process Automation Retail Strategic Sourcing

How to build a successful procurement strategy

IBM Services

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. This enables an effective and adaptive approach to sourcing that creates value and minimizes risk.

Administrative

Administrative Sourcing Collaborations Strategic Sourcing

Five Factors Transforming the Life Sciences Supply Chain and Creating IT Opportunities | Blog

Everest Group

OCTOBER 31, 2022

Supply chain visibility, strategic sourcing, cold chain requirements, sustainability demands, and personalized medicine are creating opportunities in the life sciences supply chain for IT partners delivering digital solutions. Read this first part of our blog series to understand the shift that is underway.

Pharmaceuticals

Pharmaceuticals Strategic Sourcing Manufacturing Regulations

Clearly and Effectively Communicating Change

SIG Speaks

AUGUST 17, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Constance Bryant shares an honest account of how the change from a grassroots process to a more sophisticated tool for a Source-to-Contract process went for her and her organization. We must have practical E-sourcing tools that allow us to be efficient.

Strategic Sourcing

Strategic Sourcing Sourcing Regulations Engineering

Ethical Outsourcing and a Regenerative Economy

NoonDalton

NOVEMBER 8, 2023

In the fast-paced world of global commerce, ‘outsourcing’ has often been synonymous with cost-cutting and efficiency—sometimes at the expense of ethical considerations and long-term sustainability. This economic system goes beyond sustainability; it aims to renew and revitalize its own sources of energy and materials.

Outsourcing

Outsourcing Accounting Regulations Strategic Sourcing

5 Advantages of Overseas Manufacturing

SourcX

OCTOBER 11, 2020

Even though workers are paid less than they would be in a developed country, proponents of low cost country sourcing argue that manufacturing overseas brings opportunities to workers that most need them. Favorable Regulations. Advanced Manufacturing Infrastructure. India has also developed top-of-the-line manufacturing facilities.

Manufacturing

Manufacturing Labor Costs Regulations Pharmaceuticals

Vendor Analysis: What Is It, Process, Types, and Best Practices

Planergy Software

JANUARY 19, 2024

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: Evaluate how efficiently the vendor can deliver their products or services. What's Planergy?

Risk Management

Risk Management Risk Management Supply Chain Management Sourcing

Supplier Tiers: What’s The Difference Between Tier 1, Tier 2, and Tier 3

Planergy Software

JANUARY 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. You can manage suppliers by breaking them down into different tiers more efficiently. Ensuring that all ingredients are sourced from reputable suppliers is vital for maintaining a product’s health and safety standards.

Supply Chain Management

Supply Chain Management Regulations Manufacturing Finance

11 Cost Reduction Strategies in Procurement

Obobo

MARCH 23, 2023

Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing. Centralize purchasing to drive efficiency, streamline purchasing procedures, and minimize silos. Procurement teams can also use technology to manage purchasing more efficiently.

Reduced Costs

Reduced Costs Inventory Management Automation Sourcing

Turning Data Into Actionable Insights

Planergy Software

MARCH 29, 2022

It’s almost impossible for business leaders to make decisions based on myriad data sources until the big data is converted into relevant information and then actionable insights. Mostly, data is stored in disparate systems with varying degrees of accuracy across sources.

Analytics

Analytics Accounting Finance Strategic Sourcing

Expense Reporting: What Is It, Templates, and How To Fill A Report

Planergy Software

JULY 27, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Compliance With Internal Controls Expense reports can help you ensure compliance with internal policies and external regulations. But as you scale, it will lose efficiency because it relies on manual data entry.

Data Entry

Data Entry Finance Software Accounting

ESG In Supply Chain: Creating a Sustainable Value Chain

Planergy Software

JULY 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Or, they made you may be trying to stay ahead of increasingly strict regulations. Excelling in DSG reduces transition risk by helping organizations stay ahead of changes in regulation and stakeholder sentiment.

Supply Chain Management

Supply Chain Management Sourcing Manufacturing Finance

Expense Reimbursement: What Is It, How To Manage, and What Should You Cover

Planergy Software

JULY 5, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Department of Labor has set regulations regarding the proper documentation of employee expenses, requiring all items to be meticulously recorded with receipts provided and all five “Ws” attended to.

Management

Management Accounting Finance Out-Tasking

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

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

Finance Reduced Costs Management Risk Management

Supply Chain Decisions: Skills and Best Practices

Planergy Software

APRIL 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Process & Procedures Sourcing Supply Chain Management. Strategic The strategic level is the top level of supply chain management. It’s not just efficient and effective decision-making that matters.

Supply Chain Management

Supply Chain Management Manufacturing Sourcing Management

Cost Avoidance in Procurement- The Ultimate Guide

Obobo

FEBRUARY 14, 2023

Sourcing from low-cost countries: Another way to avoid costs is to source goods and services from countries where labor and materials are relatively inexpensive. Automation: Automating procurement processes can help you eliminate waste and improve efficiency, which can lead to cost savings.

Automation

Automation Sourcing Strategic Sourcing Analytics

Travel and Expense Policy: What Is It, Example Template, and Best Practices

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.

Finance

Finance Regulations Insurance Management

Supply Chain Risks: Different Types and How To Mitigate Them

Planergy Software

JANUARY 26, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Source what you can from reclamation centers and use recycling whenever possible. Doing so reduces the risk of compliance violations and protects you against the enforcement of new regulations.

Supply Chain Management

Supply Chain Management Risk Management Risk Management Government

Procurement Methods: How To Source and Evaluate The Best Suppliers To Work With

Planergy Software

AUGUST 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Organizations are constantly exploring new procurement methods to create a more strategic procurement strategy and ensure competitive procurement. How to gain visibility and control of your indirect spend.

Sourcing

Sourcing Strategic Sourcing Finance Automation

Catalog Management in Procurement: What Is It, Types of Catalogs, Challenges and Best Practices To Manage Them

Planergy Software

JANUARY 18, 2024

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. It can be quite a burden, as many regulations exist, from product safety to labeling and privacy legislation.

Management

Management Inventory Management Regulations E-Commerce

Services Procurement: What Is It and How To Manage It

Planergy Software

JULY 21, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It involves procuring services from outside sources and managing the relationship with supplier or service provider. How to gain visibility and control of your indirect spend. What is Services Procurement?

Management

Management Service Strategic Sourcing Supply Chain Management

Horizontal vs. Vertical Integration: A Comprehensive Guide

Planergy Software

SEPTEMBER 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Vertical Integration: By taking control of different stages of the production or distribution process, businesses can gain supply chain control, reduce costs, increase efficiency, and differentiate their products and services.

Manufacturing

Manufacturing E-Commerce Human Resources Marketing

Multi-Academy Trust (MAT): What Is It and How Can Schools Benefit?

Planergy Software

DECEMBER 11, 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 will ensure the best business efficiency and value for money is realised by the trust. What's Planergy?

Government

Government Collaborations Finance Accounting

Global Sourcing Brief

The Future of Procurement and Sourcing: The Effects of Artificial Intelligence in the Industry

Is Your Procurement And Sourcing Function ESG Sustainable Ready?

Trending Sources

2023 FOSA Finalists

How to build a successful procurement strategy

Five Factors Transforming the Life Sciences Supply Chain and Creating IT Opportunities | Blog

Clearly and Effectively Communicating Change

Ethical Outsourcing and a Regenerative Economy

5 Advantages of Overseas Manufacturing

Vendor Analysis: What Is It, Process, Types, and Best Practices

Supplier Tiers: What’s The Difference Between Tier 1, Tier 2, and Tier 3

11 Cost Reduction Strategies in Procurement

Turning Data Into Actionable Insights

Expense Reporting: What Is It, Templates, and How To Fill A Report

ESG In Supply Chain: Creating a Sustainable Value Chain

Expense Reimbursement: What Is It, How To Manage, and What Should You Cover

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

Supply Chain Decisions: Skills and Best Practices

Cost Avoidance in Procurement- The Ultimate Guide

Travel and Expense Policy: What Is It, Example Template, and Best Practices

Supply Chain Risks: Different Types and How To Mitigate Them

Procurement Methods: How To Source and Evaluate The Best Suppliers To Work With

Catalog Management in Procurement: What Is It, Types of Catalogs, Challenges and Best Practices To Manage Them

Services Procurement: What Is It and How To Manage It

Horizontal vs. Vertical Integration: A Comprehensive Guide

Multi-Academy Trust (MAT): What Is It and How Can Schools Benefit?

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