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CFOs Can More Than Double Planned Cost Reductions Using Strategic Sourcing

Sourcing Advisors Group

Despite these significant actions, Gartner findings indicate that most firms are leaving 50c on the dollar – if not more – on the table by failing to fully leverage their purchasing power, as best-practices Strategic Sourcing shows that most firms can generate a permanent 20% cost reduction.

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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.

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Understanding The Importance Of Outsourcing

SIG Speaks

The Certified Sourcing Professional (CSP) Program is a 10-week course that focuses on the hard and soft skills of sourcing, including strategic sourcing and outsourcing methodologies, as well as best practices in negotiations. Degree focusing on Human Resources and Public Affairs.

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The Importance of Stakeholder Relationship Management

SIG Speaks

As a Procurement Category Manager, I oversee the Marketing, Sales, Human Resources, and Facilities Operations categories of spend. Blogger Bio: Patrick Fifer is the Category Procurement Manager for the Marketing, Sales, Human Resources, and Facilities Operations departments at CoStar Group, Inc., learn more. .

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Change Management/Sourcing Change Management

SIG Speaks

The company's prior organizational structure was that each facility was its entity with its procurement, human resources, quality, and manufacturing departments excreta. My current organization is currently in year two of a significant transformational change. This approach was very siloed, with many inefficiencies.

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The Hackett Group Announces Third Quarter 2021 Results

The Hackett Group

Key Issues Study Launch – In September 2021, The Hackett Group launched its 2022 Key Issues campaigns covering six functional areas: Finance, Procurement, Supply Chain, Human Resources, Information Technology, and Global Business Services. Results from the studies will be released in January 2022.

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Discretionary Expenses: What Are They, Examples, and How To Control Them In Business

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. These expenses often vary across departments, such as marketing, human resources, and operations. How to gain visibility and control of your indirect spend.

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