IBM Services

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. And from that group, 71% would pay a premium for it.

Strategic Sourcing 84

Strategic Sourcing Sourcing Supply Chain Management Inventory Management 84

Planergy Software

OCTOBER 26, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Proper management should include knowing how long your business takes to convert inventory into completed goods. Use Technology Keeping track of inventory manually is time-consuming and ripe for errors.

Inventory Management 52

Inventory Management Sales Manufacturing Finance 52

Obobo

MARCH 23, 2023

Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing. Overall, these 11 cost reduction strategies in procurement demonstrate that companies can significantly reduce costs and maintain profitability with the right procurement management practices.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

Planergy Software

JANUARY 18, 2024

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. They include products or services sourced from multiple suppliers or distributors and are standardized according to the company’s requirements. How to gain visibility and control of your indirect spend.

Management 52

Management Inventory Management Regulations E-Commerce 52

Planergy Software

MARCH 25, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. How To Create Savings With Better Spend Management In Procurement. All organizations, regardless of their size and type, should develop a spend management process. Download Free Copy.

Management 52

Management Strategic Sourcing Accounting Right-Sizing 52

Planergy Software

APRIL 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Process & Procedures Sourcing Supply Chain Management. Supply Chain Decisions: Skills and Best Practices The supply management decision-making process is complex. Download Free Copy. Written by.

Supply Chain Management 52

Supply Chain Management Manufacturing Sourcing Management 52

Planergy Software

SEPTEMBER 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Strategic Considerations: Understanding and selecting the right integration strategy can significantly impact a company’s growth and success. How to gain visibility and control of your indirect spend.

Manufacturing 52

Manufacturing E-Commerce Human Resources Marketing 52