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Thoughts on Crowd Sourcing

SIG Speaks

Crowdsourcing will play a much more significant role in business due to a lack of highly specialized labor (in the STEM fields specifically) and corporate desire to reduce costs in procurement. I graduated with honors from the University of Kentucky’s Gatton School of Business in 2022 and received a degree in management and finance.

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

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Businesses can ensure that employees comply with internal and external regulations by centralizing the travel booking process and establishing clear procedures. download a free copy of our guide 3.

Finance 52
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Turning Data Into Actionable Insights

Planergy Software

This step can make or break an organization’s ability to understand its data better and leverage it to maximize profitability, reduce cost, and create value for shareholders. Translate information into insights The final step is to derive the required information to make better strategic decisions and generate more value from data.

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

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Open tendering is preferable as it allows companies to apply for multiple contracts at once, resulting in more efficient use of resources and reduced cost-over-runs from multiple procurement processes.

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

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Supplier tiering also helps reduce costs by eliminating inefficient or unnecessary processes in the supply chain. Learn best practices for purchasing, finance, and more. Download Free Copy.

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

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. MATs will usually centralize specific business functions, like finance, to improve efficiency and reduce costs across the group of schools. download a free copy of our guide 3.

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Horizontal vs. Vertical Integration: A Comprehensive Guide

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. To avoid regulatory hurdles, companies must carefully assess the competitive landscape, consider the impact of their actions on market dynamics, and ensure compliance with all relevant laws and regulations.