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Hackett: Procurement Renews Focus On Cost Reduction as its Top Priority

The Hackett Group

Other critical development areas include category management, sustainable procurement, third-party risk management and supplier relationship management. Data analytics was one of several improvement initiatives deemed to be of high importance but low maturity, making it a critical development area.

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Unlock a New Source of Value Creation – Integrate Sustainability into the GBS Charter to Help BFS Firms Realize Their ESG Goals | Blog

Everest Group

Global Business Services (GBS) organizations have a big opportunity to champion Environment, Social, and Governance (ESG) in banking and financial services (BFS) institutions. ESG is creating new opportunities for BFS Global Business Services organizations.

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The Hackett Group: Supply Continuity and Inflation Are Critical Procurement Priorities for 2023

The Hackett Group

But it was surprisingly absent from procurement’s list of top priorities for 2023, in part because executives view talent management as a relatively mature capability. Procurement organizations will also need to find ways to do more with less in 2023, according to the research. About The Hackett Group The Hackett Group, Inc.

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Will Ukraine’s Invasion Have a Domino Effect on Other Geopolitical Equations? | Blog

Everest Group

The Russian military action in Ukraine has already significantly impacted thousands of services jobs in this region, but the potential reverberations to nearshore European countries and the larger global services industry could be far more damaging – making it essential to integrate geopolitical risk management in your decision-making now.

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The Business Benefits of Impact Sourcing: Beyond Social Good

NoonDalton

In today’s fast-evolving business landscape, the integration of Environmental, Social, and Governance (ESG) principles into corporate strategies is not just a trend but a fundamental shift in how businesses operate and thrive. The business benefits of Impact Sourcing extend far beyond the realm of social responsibility.

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Strategies to Kickstart Process Improvements in Banking

Automation Anywhere

These topics apply to many areas within the organization, from front office and global business services (GBS) to compliance and risk management. Answer these critical transformation questions Consider the following questions whether you are on a transformation journey or planning to embark on one.

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Six Levers for Digital World-Class Procurement Performance

The Hackett Group

For example, 68% of organizations currently have self-service portals or networks deployed, with an expected increase of 21% during 2021. The coronavirus outbreak and its impact on supply risk management lent new urgency to improving procurement’s data management practices. Data and analytics.