Future of Sourcing

JULY 28, 2023

Innovations in Sustainability Dräeger – Using Smart Processes to Create Resilient Supply Chains SAP / DSM - Firmenich – How Royal DSM and SAP Digitalized Global Procurement Processes for Strategic Source-to-Pay Capabilities and Sustainability Safety Projects International, Inc.

Facilities Management 52

Facilities Management Robotics Process Automation Retail Strategic Sourcing 52

SourcX

OCTOBER 12, 2020

Many businesses acknowledge the advantages of sourcing in low cost countries. Increasing numbers of executives see the writing on the wall, and can no longer ignore the fact that sourcing in low cost countries can reduce labor costs and give them access to robust manufacturing facilities. What is Strategic Sourcing?

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Strategic Sourcing Sourcing Labor Costs Out-Tasking 52

Everest Group

OCTOBER 31, 2022

Supply chain visibility, strategic sourcing, cold chain requirements, sustainability demands, and personalized medicine are creating opportunities in the life sciences supply chain for IT partners delivering digital solutions. Read this first part of our blog series to understand the shift that is underway.

Pharmaceuticals 52

Pharmaceuticals Strategic Sourcing Manufacturing Regulations 52

SIG Speaks

MARCH 3, 2022

Our deepest belief is that the procurement functions, by connecting with stakeholders and creating coalitions along the entire supply chain, are uniquely positioned to accelerate transformations and deliver the impact promised by most corporations on environmental, social, and corporate governance (ESG). . South America, Europe, and Asia.

Strategic Sourcing 40

Strategic Sourcing Operational Costs Sourcing Government 40

Future of Sourcing

MARCH 21, 2023

Now as uncertainty is once again upon us, strategic sourcing teams and suppliers are on opposite sides, it has eroded the concept of having suppliers as your true “partners” and rendered the sourcing function as a more tactical operation. The Japanese pioneered the concept of Keiretsu.

Reduced Overhead 64

Reduced Overhead Strategic Sourcing Collaborations Government 64

Everest Group

OCTOBER 13, 2021

Summary Mature banking, financial services, and insurance (BFSI) global business services (GBS) organizations are taking on advanced vendor management organization (VMO) roles, acquiring more responsibility in governing service provider delivery. Who should attend?

Strategic Sourcing 52

Strategic Sourcing Insurance Global Business Services Banking 52

SIG Speaks

APRIL 29, 2022

The authors specifically talk about how "For many years, calls have been getting louder for business leaders to pay more attention to their organization's environmental, societal, and governance (ESG) strategy.". Director Strategic Sourcing (Yahoo Inc) for being on our panel.

Strategic Sourcing 40

Strategic Sourcing Manufacturing Sourcing Government 40

SIG Speaks

AUGUST 3, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Aaron Eleazer shares how the advancements of AI technology provide an exciting and innovative space that has an important place in how business is done and improved upon and also shares the concerns associated with it.

Strategic Sourcing 40

Strategic Sourcing Analytics Retail Sourcing 40

SIG Speaks

NOVEMBER 17, 2022

SIG University Certified Sourcing Professional (CSP) program graduate Tracie Ninh shares an outside perspective for integrating the best sourcing practices into your team. I am not a sourcing manager, nor have I ever been. Why do I consider myself an “outsider” even though I’ve always worked with sourcing?

Strategic Sourcing 40

Strategic Sourcing Sourcing Regulations Government 40

SIG Speaks

NOVEMBER 15, 2022

The word 'similar' is essential because there might be an exemption for some suppliers that are not fully aligned or integrated with the client regarding goals, strategic objectives, and approaches to the business. Post-Contract, Period of Service - Contract Compliance, Governance, Performance tracking, and Issues resolution.

Pharmaceuticals 40

Pharmaceuticals Supply Chain Management Government Strategic Sourcing 40

SIG Speaks

NOVEMBER 8, 2022

After figuring out the what and the how it is now the responsibility of the COE to consider what governance structure needs to be set in place. Having the proper governance structure allows the COE to transition to supporting the automation project, which is crucial to its success. Learn More. .

Automation 40

Automation Strategic Sourcing Sales Design 40

Planergy Software

OCTOBER 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Sourcing Supply Chain Management. RFIs can also help buyers identify potential suppliers and compare them against each other, which is crucial for strategic sourcing. Download Free Copy. Written by. 15 min read.

Supply Chain Management 52

Supply Chain Management Strategic Sourcing Sourcing Finance 52

Planergy Software

DECEMBER 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Estimating Income and Expenditure On the income side, this includes predicting revenues from various sources such as government funding (dedicated schools grants, for instance), donations, and fundraising activities.

Finance 52

Finance Government Redistribution Administrative 52

Planergy Software

JANUARY 26, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Environmental Risks This one is especially important for businesses focused on environmental, social, and governance (ESG) issues. Source what you can from reclamation centers and use recycling whenever possible.

Supply Chain Management 52

Supply Chain Management Risk Management Risk Management Government 52

Planergy Software

JANUARY 19, 2024

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The evaluation should include feedback from multiple departments or sources to ensure that all relevant data is considered. How to report and analyze indirect spend to identify savings opportunities.

Risk Management 52

Risk Management Risk Management Supply Chain Management Sourcing 52

Obobo

MARCH 21, 2023

Procurement savings refer to the cost reductions that are achieved by a company when it purchases goods and services through a strategic sourcing process. key Takeaway: Procurement savings are the cost reductions achieved by a company when purchasing goods and services through strategic sourcing. What is Procurement?

Finance 45

Finance Strategic Sourcing Software Reduced Costs 45

SourcX

OCTOBER 11, 2020

Even though workers are paid less than they would be in a developed country, proponents of low cost country sourcing argue that manufacturing overseas brings opportunities to workers that most need them. Advanced Manufacturing Infrastructure.

Manufacturing 52

Manufacturing Labor Costs Regulations Pharmaceuticals 52

Planergy Software

JULY 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. As we become more aware of climate change and how it can affect the supply chain, environmental, social, and corporate governance, better known as ESG practices are now more important than ever. Download Free Copy.

Supply Chain Management 52

Supply Chain Management Sourcing Manufacturing Finance 52

IBM Services

JANUARY 31, 2024

Sourcing isn’t just a concern for procurement teams. The sourcing process sits within supply chain management and is used for identifying, vetting and selecting the best suppliers. The sourcing process sits within supply chain management and is used for identifying, vetting and selecting the best suppliers.

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Sourcing Strategic Sourcing Supply Chain Management Outsourcing 99

The Hackett Group

NOVEMBER 9, 2021

The Hackett Group also provides dedicated expertise in business strategy, operations, finance, human capital management, strategic sourcing, procurement and information technology, including its distinguished Oracle, SAP, Coupa and OneStream practices.

Pharmaceuticals 97

Pharmaceuticals Information Technology Global Business Services Finance 97

Obobo

JUNE 17, 2022

Most organizations prefer to launch their projects using RFPs, and many governments always use them. In addition to providing crucial information for making informed and strategic decisions , RFPs provide a lot of vital information by definition. Investopedia. RFP Process Steps. Are they capable of meeting your needs in the future?

Strategic Sourcing 52

Strategic Sourcing Government Software Sourcing 52

Planergy Software

APRIL 25, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. ESG stands for environmental, social and governance. These include the media and government. Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend.

Finance 64

Finance Strategic Sourcing Government Management 64

Obobo

MARCH 23, 2023

Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing. Implement strategic sourcing by establishing a long-term plan that balances costs, risks, and benefits. more savings compared to peers.”

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

Planergy Software

OCTOBER 17, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Small business loans can be obtained from various sources, including banks, credit unions, and online lenders. How to gain visibility and control of your indirect spend.

Accounting 52

Accounting Finance Banking Strategic Sourcing 52

The Hackett Group

AUGUST 10, 2021

z International for Order-to-Cash; Reckitt for IT Opportunity-to-Deployment; Vodafone Procurement Company for Source-to-Purchase; and Wipro Limited for Hire-to-Retire. This year’s winners were: Alcon for Plan-to-Results (Data Analytics); Bosch for Purchase-to-Pay; Citibank for Account-to-Report; Mondel?z companies in 2020.

Research 52

Research Analytics Sales Finance 52

SIG Speaks

SEPTEMBER 28, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Sophie McNally shares how there is no one size fits all approach when it comes to ESG and that each company has to take a deep dive into what will ultimately work best for them. Supplier diversity and inclusion - direct spend with diverse and underrepresented suppliers.

Sourcing 40

Sourcing Right-Sizing Strategic Sourcing Advisory 40

Planergy Software

OCTOBER 18, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. A corporate travel program is a comprehensive set of policies and procedures governing business-related travel for employees. How to gain visibility and control of your indirect spend. What Is a Corporate Travel Program?

Finance 52

Finance Reduced Costs Management Risk Management 52

Planergy Software

JULY 5, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. These guidelines ensure proper recordation and compliance with government regulations while legitimately safeguarding all employee expenses incurred while on duty. How to gain visibility and control of your indirect spend.

Management 52

Management Accounting Finance Out-Tasking 52

Obobo

MARCH 30, 2023

Procurement cost savings refer to the savings achieved through strategic sourcing , negotiation, and reducing excess spending in procurement. These reports help identify the savings achieved through sourcing activities, tendering and negotiations, supplier consolidation, and process improvements.

Analytics 40

Analytics Reduced Costs Strategic Sourcing Software 40

SIG Speaks

JANUARY 13, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Shridhar Kundaram shares his perspective on a four-step sourcing process that can help take your sourcing team to the next level. Sourcing involves four significant steps Assess , Analyze , Execute and Evaluate. .

Sourcing 40

Sourcing Strategic Sourcing Impact Sourcing Government 40

Planergy Software

SEPTEMBER 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Property Taxes Property taxes are levied on homeowners by local governments and are based on the property’s assessed value. How to gain visibility and control of your indirect spend.

Finance 52

Finance Insurance Software Management 52

Planergy Software

NOVEMBER 1, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. In addition, a preferred vendor program can help your organization meet its environmental, social, and governance (ESG) objectives. How to gain visibility and control of your indirect spend. Download Free Copy.

Reduced Costs 52

Reduced Costs Finance Accounting Strategic Sourcing 52

Planergy Software

OCTOBER 13, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Some also pool other ESFA or Local Authority income streams and self-generated, non-government income. The MAT then allocates funds strategically across schools based on needs and strategic priorities.

Finance 52

Finance Government Flexibility Redistribution 52

Everest Group

OCTOBER 31, 2022

For example, the Indian government has mandated life sciences enterprises include Quick Response (QR) codes on Active Pharmaceutical Ingredients (APIs), effective January 2023. Use Cases : Addressing drug serialization and aggregation, strategic sourcing, fleet tracking, drug e-labelling, artwork management, and API tracking.

Pharmaceuticals 52

Pharmaceuticals Manufacturing Strategic Sourcing Regulations 52

Sourcing Advisors Group

AUGUST 10, 2020

It is the ONLY way we quantify and dispassionately measure results – particularly so for Procurement and Strategic Sourcing results. Once defining requirements, price is the the only thing that governs the choice of a supplier, in most circumstances. Price is king in our personal lives. False dichotomy.

Strategic Sourcing 52

Strategic Sourcing Retail Sourcing Sales 52

Planergy Software

DECEMBER 11, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The group of academy schools operates under a single governing body or central board of directors. Since 2015, the Conservative Government has continued to promote academies.

Government 52

Government Collaborations Finance Accounting 52