Remove Flexibility Remove Risk Management Remove Sourcing Remove Strategic Sourcing
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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 103
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How to build a successful procurement strategy

IBM Services

It can nurture collaborative partnerships with suppliers and integrate ethical and environmental (green purchasing) considerations into the sourcing strategy. It should be a strategic roadmap that, when effectively designed and implemented, aligns with the mission of the organization and greatly contributes to its success. Be flexible.

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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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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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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. Source what you can from reclamation centers and use recycling whenever possible. Supplier risk is always there, but using various risk management strategies can help you minimize the impact.

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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. 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. How AP can improve relationships with your key suppliers.