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Successful Governance in Procurement

SIG Speaks

As trusted advisors, Procurement professionals need to stay agile and flexible, especially at the start to help nurture stakeholders during the change management process. . Procurement leadership would be wise to build flexible structures to adapt quickly to changing needs. .

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CFO Challenges and Priorities in 2021 And Beyond

Planergy Software

In a business climate radically altered by both digital transformation and major disruptors such as the COVID-19 novel coronavirus pandemic, companies who want to compete, grow, and innovate effectively need both flexibility and resilience. Today’s CFO Challenges Are Bigger Than Ever. ” Top Challenges and Priorities for CFOs.

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The Benefits of Localized Supply Chain

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. They use software, Retail Link, to connect their inventory planning team with suppliers that help customize merchandise to the local area’s consumers. To be successful, you must be flexible and adaptable.

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Big Data Analytics: What It Is and Why It Is Important

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Banks use it to identify fraudulent transactions, retailers use it to determine what products to stock on their shelves, and healthcare providers use it to improve patient care. Download Free Copy. Written by. Apache Spark.

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What are the different types of sourcing?

IBM Services

The main motivators for outsourcing are cost savings; the flexibility to ramp up or scale back functions and goods or services as needed; and greater access to specific skills or raw materials. For example, a shoe brand might take ownership of product sales by bypassing department stores and instead selling products at its own retail stores.

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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. Challenges and Risks: Both horizontal and vertical integration present unique challenges, such as integration difficulties, regulatory hurdles, increased complexity, capital intensity, reduced flexibility, and potential conflicts.