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4 smart technologies modernizing sourcing strategy

IBM Services

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 102
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How Strategic Procurement Can Give You a Competitive Advantage

Planergy Software

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. Easier to Mitigate Supply Risk Supplier risk management is crucial for any organization.

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How to build a successful procurement strategy

IBM Services

Additional goals might be risk management and mitigation, supplier relationship management and sustainability considerations. Tasks such as vendor selection criteria, contract management and compliance initiatives should be clearly defined. Be flexible.

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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. For chief financial officers (CFOs), this need is even more urgent. The result?

Finance 97
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Supply Chain Risks: Different Types and How To Mitigate Them

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. What to Do About It Re-evaluate using ocean routes and determine the carriers that can increase shipping in anticipation of storms, so you can be flexible enough to scale back operations in uncertain times.

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

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Vendor analysis is crucial for risk management. Delivery Performance Measured by factors such as on-time delivery rate, order accuracy, and flexibility in handling changes or emergencies.

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Turning Data Into Actionable Insights

Planergy Software

How better management in AP can give you better flexibility for cash flow management. Translate information into insights The final step is to derive the required information to make better strategic decisions and generate more value from data. How AP can improve relationships with your key suppliers. Download Free Copy.