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.

Strategic Sourcing 52

Strategic Sourcing Sourcing Human Resources Efficiency 52

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.

Sourcing 105

Sourcing Supply Chain Management Strategic Sourcing Automation 105

Sourcing Advisors Group

OCTOBER 27, 2020

The growing approved supplier base and decreasing supplier visibility will further deteriorate what is already a bleak performance of most Strategic Sourcing teams. In fact, most firms generate no Strategic Sourcing bottom-line results, as Vendor Spending is increasing as fast, or faster, than Revenue growth.

Risk Management 52

Risk Management Risk Management Efficiency Strategic Sourcing 52

SIG Speaks

OCTOBER 26, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Prateek Jindal describes how the course helped him and his team increase value from improving their strategic sourcing strategies on down through your category playbook.

Strategic Sourcing 40

Strategic Sourcing Management Facilities Management Sourcing 40

Everest Group

DECEMBER 5, 2023

IST In today’s business landscape, streamlined and efficient procurement processes are essential for sustained growth. Generative AI’s ability to optimize procurement processes, mitigate risks, and enhance decision-making is transforming the way organizations operate, making it a key tool for resilience, cost savings, and strategic advantage.

Strategic Sourcing 52

Strategic Sourcing Sourcing Efficiency Management 52

SIG Speaks

JUNE 20, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Thomas Cooper describes how with the increasing pressures on supply chains and sourcing organizations lately, efficiency and effectiveness cannot be understated in an organization. For instance, if you take apart a car, you lose the ability to drive.

Sourcing 40

Sourcing Strategic Sourcing Impact Sourcing Engineering 40

SIG Speaks

NOVEMBER 30, 2023

This will allow organizations to become more agile, provide employees with more efficient ways of managing workload, and encourage additional innovation as companies grow. The Certified Intelligent Automation Professional program is a six-week course delivered through SIG University’s unique education platform.

Automation 40

Automation Strategic Sourcing Government Sourcing 40

Planergy Software

MAY 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. How Strategic Procurement Can Give You a Competitive Advantage. Procurement Strategic Sourcing. When your process is efficient, your organization has economies of scale. Download Free Copy. Written by.

Strategic Sourcing 59

Strategic Sourcing Sourcing Reduced Costs Supply Chain Management 59

Everest Group

JULY 18, 2023

How can effective category management structures help deal with uncertainties arising from shifting macroeconomic trends? Who should attend?

Management 59

Management Strategic Sourcing Outsourcing Government 59

SIG Speaks

MAY 17, 2023

In the recent May CPO & Executive Virtual Series hosted by SIG, we had the pleasure of welcoming esteemed speakers: Michael Koontz, Vice President of Strategic Sourcing & Business Leader at ATD Sourcing Solutions; Ruy Martins, Plant and Supply Chain Director at Urgo Medical; and Oren Salzman, Chief Procurement Officer at MetTel.

Strategic Sourcing 40

Strategic Sourcing Streamline Operations Sourcing Sales 40

SIG Speaks

OCTOBER 12, 2023

The rapid advancements in AI have notably impacted various business functions, including procurement and sourcing. Businesses and organizations continue to strive to enhance efficiency, reduce costs, and gain a competitive edge, and AI technologies have begun to revolutionize the procurement landscape.

Sourcing 40

Sourcing Strategic Sourcing Outsourcing Regulations 40

SIG Speaks

JULY 19, 2023

.; Dan Edwards, Procurement Director from Park National Bank; and Aashish Chandarana, Chief Information Officer of Productiv, shared valuable insights that shed light on the future of IT strategic sourcing, the significance of mentorship, and the latest SaaS trends in 2023. per employee.

Strategic Sourcing 40

Strategic Sourcing Banking Sourcing Marketing 40

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 73

Administrative Sourcing Collaborations Strategic Sourcing 73

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 52

Facilities Management Robotics Process Automation Retail Strategic Sourcing 52

Everest Group

JUNE 27, 2023

How should APAC-focused procurement leaders shape their contracting and negotiation strategies? Who should attend?

Sourcing 52

Sourcing Outsourcing Service Strategic Sourcing 52

SIG Speaks

DECEMBER 21, 2023

By clearly defining the issue severity level and escalation path, sourcing professionals can help reduce noise and drive efficient resolution. Engage senior executives from both parties for severe issues and handle low-severity issues through regular checkpoints.

Management 40

Management Strategic Sourcing Government Sourcing 40

SIG Speaks

OCTOBER 19, 2023

By presenting clearly and concisely, procurement professionals can foster transparency and accountability, enabling executives to make informed decisions based on a thorough understanding of the procurement function's contributions. One of the primary objectives of procurement is to achieve cost savings while maintaining quality and efficiency.

Strategic Sourcing 40

Strategic Sourcing Sourcing Manufacturing Risk Management 40

SIG Speaks

AUGUST 31, 2023

This essential function is a part of every business, and a company must develop sound business models that ensure the process is efficient and effective. Several factors determine whether a business model is efficient and effective. Efficiency and effectiveness are impacted significantly by technology.

Collaborations 40

Collaborations Strategic Sourcing Sourcing Efficiency 40

SIG Speaks

DECEMBER 13, 2022

As Conrad noted, future procurement organizations will be a smaller, more desegregated and more efficient teams. ProcureAbility predicts that by 2030, strategic sourcing will take no longer than two weeks, thanks to cognitive computing. Now on to Cognitive Computing.

Cybersecurity 40

Cybersecurity Strategic Sourcing Sourcing Administrative 40

Planergy Software

MARCH 2, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. In this blog post, we’ll cover what tail spend analysis is, its benefits, how to develop a plan for it, how to analyze data and trends, and how to best leverage tail spend analysis to improve efficiency.

Strategic Sourcing 52

Strategic Sourcing Reduced Costs Sourcing Efficiency 52

SIG Speaks

JULY 14, 2023

Using practical approaches, sourcing models, and cross-functional relationship models, implementing category management strategies can build value throughout the supply chain. The business can realize efficiencies in every aspect of goods and service deliverables using a data-driven and tactical approach.

Management 40

Management Strategic Sourcing Sourcing Design 40

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 52

Pharmaceuticals Strategic Sourcing Manufacturing Regulations 52

SIG Speaks

AUGUST 17, 2023

We must have practical E-sourcing tools that allow us to be efficient. We then compiled our requirements, held technical calls, issued, and evaluated an RFI and RFP, and hosted demonstrations before purchasing Workday Strategic Sourcing, formerly ScoutRFP. The hope was to streamline the source-to-contract process.

Strategic Sourcing 40

Strategic Sourcing Sourcing Regulations Engineering 40

SIG Speaks

MARCH 10, 2023

Therefore, the question is, how can you compare a large base of vetted suppliers efficiently (Supplier Performance Management in Bulk)? However, as bottlenecks continue, many investments are no longer "standardized" and "non-critical."A A simple purchase for MRO could now lead to weeks of downtime.

Strategic Sourcing 40

Strategic Sourcing Sourcing Sales Administrative 40

SIG Speaks

DECEMBER 20, 2022

By applying intelligent automation to the sourcing process, companies can easily create and distribute RFPs for a majority of the categories in which they buy, including direct and indirect spending, for both products and services. Intelligent automation benefits span the entire Source-to-Pay process.

Automation 40

Automation Strategic Sourcing Data Entry Sourcing 40

SIG Speaks

JUNE 14, 2022

The hybrid procurement method combines a central procurement base with subject matter experts (SMEs) already in each department to balance stakeholders' functionalities and strategic sourcing, which gives the business the best of both worlds. . Participation and support to allow efficiency. Most important their expertise.

Strategic Sourcing 40

Strategic Sourcing Sourcing Banking Retail 40

SIG Speaks

AUGUST 3, 2023

Quickly identifying or comparing two legal documents for similarities or contrasting clauses is a tremendous step forward in the evolution of process improvement, effectiveness, and efficiency.

Strategic Sourcing 40

Strategic Sourcing Analytics Retail Sourcing 40

SIG Speaks

APRIL 25, 2023

To gain efficiencies, reduce costs and ensure long-term viability, the company executives wanted to consolidate the company as one. The company's prior organizational structure was that each facility was its entity with its procurement, human resources, quality, and manufacturing departments excreta.

Sourcing 40

Sourcing Management Co-Sourcing Strategic Sourcing 40

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

SIG Speaks

JUNE 13, 2023

Finally, at project conclusion, a PM should always have an open conversation with their stakeholders about project results and what could be done differently to make the process more efficient. Carrying out a project without stakeholder buy-in is a key driver in project failure.

Management 40

Management Supply Chain Management Strategic Sourcing Out-Tasking 40

Future of Sourcing

MAY 11, 2023

“Keelvar Autonomous Sourcing solution extends our Sourcing Optimization platform, enabling businesses to make optimization available throughout the organization. Customers are turning to Keelvar to advance their strategic sourcing journey spanning logistics, packaging, direct materials, and indirect spends.

Sourcing 52

Sourcing Strategic Sourcing Automation Out-Tasking 52

SIG Speaks

DECEMBER 7, 2021

Procurement leaders have emerged from the pandemic stronger and smarter thanks to the recent development of next-gen tools such as AI and automation to support strategic goals and build resilient organizations. The heart of procurement sits at the intersection of efficiencies and people.

Strategic Sourcing 40

Strategic Sourcing Finance Sourcing Analytics 40

Obobo

MARCH 7, 2023

Get ready to discover a game-changing solution that will enhance accuracy, efficiency, and transparency across all stages of the procurement cycle! Benefits of using purchase management software include increased efficiency, improved accuracy, and reduced costs. What is purchase management software? appeared first on Oboloo.

Software 40

Software Management Reduced Costs Data Entry 40

Planergy Software

DECEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Ultimately, marketing procurement can help organizations improve the efficiency and effectiveness of their marketing efforts, but it’s about more than sourcing strategies and agency relationships. Download Free Copy.

Marketing 52

Marketing Strategic Sourcing Out-Tasking Sourcing 52

Obobo

MARCH 21, 2023

Procurement savings refer to the cost reductions that are achieved by a company when it purchases goods and services through a strategic sourcing process. By adopting best practices such as spend analysis, supplier management, and e-procurement , companies can save money and increase efficiency.

Finance 45

Finance Strategic Sourcing Software Reduced Costs 45

Planergy Software

OCTOBER 26, 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. Better Overall Inventory Management Knowing your DIO can help you manage your inventory flow more efficiently.

Inventory Management 52

Inventory Management Sales Manufacturing Finance 52

Obobo

JULY 1, 2022

An S2P is a sourcing and procurement process in which suppliers are sought out, negotiated with, signed up for, and eventually paid for their products or services. S2P software enables individuals and organizations to create a more efficient procurement process. . Benefits of Source to Pay. The potential?

Sourcing 52

Sourcing Accounting Software Automation 52