Sourcing Advisors Group

JUNE 22, 2020

Regardless of the chosen set of investments, it is not uncommon that Chief Information Officers (CIOs) and their teams are tasked with incremental responsibilities, particularly given the focus of many businesses is on Digital Transformation and other Digital Initiatives.

Strategic Sourcing 52

Strategic Sourcing Sourcing Out-Tasking Software 52

Sourcing Advisors Group

SEPTEMBER 18, 2020

Many in Procurement and Strategic Sourcing espouse the use of should-cost or clean-sheet models, benchmarks and other behavior sensing models in support of negotiating prices on direct and indirect spend category products & services. We recommend a comprehensive program, including: Apply Strategic Sourcing 101 principles.

Strategic Sourcing 52

Strategic Sourcing Sourcing Sales Retail 52

IBM Services

FEBRUARY 28, 2024

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 102

Sourcing Supply Chain Management Strategic Sourcing Automation 102

Intugo

NOVEMBER 22, 2023

As globally active companies need more and more suppliers to keep the business running smoothly, strategic sourcing and sourcing managers in Mexico face the challenge of effectively organizing and managing supplier contracts. Establish approval workflows.

Strategic Sourcing 59

Strategic Sourcing Management Sourcing Collaborations 59

Everest Group

OCTOBER 18, 2023

How can enterprises use these to inform their ongoing planning? Who Should Attend: GBS leaders Category Leaders Strategic Sourcing Leaders CIO, IT/BPO Strategy Heads Procurement Managers Vendor Management Leads Register Here Abhishek Sharma Partner, Pricing Assurance Everest Group Bharath M Vice President, Global Sourcing Everest Group

Outsourcing 59

Outsourcing Strategic Sourcing BPO Sourcing 59

SIG Speaks

OCTOBER 26, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Prateek Jindal describes how the course helped him and his team increase value from improving their strategic sourcing strategies on down through your category playbook.

Strategic Sourcing 40

Strategic Sourcing Management Facilities Management Sourcing 40

SIG Speaks

JUNE 20, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Thomas Cooper describes how with the increasing pressures on supply chains and sourcing organizations lately, efficiency and effectiveness cannot be understated in an organization. For instance, if you take apart a car, you lose the ability to drive.

Sourcing 40

Sourcing Strategic Sourcing Impact Sourcing Engineering 40

SourcX

OCTOBER 12, 2020

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? What is Sourcing Optimization? Cooperative Sourcing and Sourcing Business Models.

Strategic Sourcing 52

Strategic Sourcing Sourcing Labor Costs Out-Tasking 52

SIG Speaks

JULY 19, 2023

.; Dan Edwards, Procurement Director from Park National Bank; and Aashish Chandarana, Chief Information Officer of Productiv, shared valuable insights that shed light on the future of IT strategic sourcing, the significance of mentorship, and the latest SaaS trends in 2023. per employee.

Strategic Sourcing 40

Strategic Sourcing Banking Sourcing Marketing 40

SIG Speaks

OCTOBER 12, 2023

This can lead to more informed decision-making from business executives. An article by Forbes titled “Smart Sourcing: AI Can Amplify CPO-Led Human Intelligence” noted the idea of ‘Smart Sourcing’ which starts with tackling a huge volume of relevant data associated with every individual purchase.

Sourcing 40

Sourcing Strategic Sourcing Outsourcing Regulations 40

SIG Speaks

MAY 6, 2022

In this article, we hear takeaways from a recent CPO Rountable discussion from Michael Koontz, VP, Strategic Sourcing & Business Leader for American Tire Distributors (ATD) Sourcing Solutions. Before we get to Michael’s fight-inflation strategy, let’s first provide some background information on his company.

E-Commerce 40

E-Commerce Strategic Sourcing Retail Sourcing 40

SIG Speaks

MAY 31, 2023

A healthier view might consider the sourcing professional as the facilitator in strategy development. Engagement will better educate both the buyer and stakeholder; more information is valuable to the souring initiative, and the stakeholders will feel involved. Listen to your stakeholders.

Management 40

Management Supply Chain Management Strategic Sourcing Sourcing 40

SIG Speaks

OCTOBER 19, 2023

By presenting clearly and concisely, procurement professionals can foster transparency and accountability, enabling executives to make informed decisions based on a thorough understanding of the procurement function's contributions. One of the primary objectives of procurement is to achieve cost savings while maintaining quality and efficiency.

Strategic Sourcing 40

Strategic Sourcing Sourcing Manufacturing Risk Management 40

SIG Speaks

JUNE 13, 2023

After compiling and reporting this information, PM’s should start investigating what possible motives may be at play for each stakeholder. For example, more senior stakeholders with less involvement in operational tasks and less availability may only want to be involved at a high level and shown only critical information.

Management 40

Management Supply Chain Management Strategic Sourcing Out-Tasking 40

SIG Speaks

APRIL 25, 2023

They brought forward information about the need for the change to ensure long-term viability for the company. My organization recently has made many changes to the manufacturing plants' service providers, such as food and security services, as part of a sourcing initiative to communize service providers across the company.

Sourcing 40

Sourcing Management Co-Sourcing Strategic Sourcing 40

SIG Speaks

JUNE 1, 2023

I look forward to returning to work with this new information and a much broader vocabulary on sourcing! 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.

Outsourcing 40

Outsourcing Strategic Sourcing Sourcing Sales 40

SIG Speaks

DECEMBER 20, 2022

Questions can be based upon previous answers, so only relevant information is presented to the supplier. Intelligent automation can also help with efficient on-contract buying, reduced transactional cost, and up-to-date information to better business decisions. . Intelligent automation benefits span the entire Source-to-Pay process.

Automation 40

Automation Strategic Sourcing Data Entry Sourcing 40

Obobo

DECEMBER 17, 2021

In light of the ongoing effects of the pandemic, it is essential that businesses keep track of all cost reduction initiatives and strategic sourcing in order to survive harsh economic declines. Savings tracking refers to a method of estimating how much a company will save by using strategic sourcing and other cost-effective tactics.

Strategic Sourcing 52

Strategic Sourcing Finance Software Out-Tasking 52

Planergy Software

OCTOBER 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. RFI: Request for Information. An RFI is issued when a procuring organization wants more general information about a potential vendor or solution. How to gain visibility and control of your indirect spend. Written by.

Supply Chain Management 52

Supply Chain Management Strategic Sourcing Sourcing Finance 52

Future of Sourcing

MAY 11, 2023

” The widespread availability of the Autonomous Sourcing solution reaffirms Keelvar’s vision of making frictionless, no-code automation available to all, from large enterprises to mid-market businesses. Visit www.keelvar.com for more information.

Sourcing 52

Sourcing Strategic Sourcing Automation Out-Tasking 52

SIG Speaks

JANUARY 4, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Larry Trawick shares how excellent communication is vital in ensuring success and how important it is to incorporate effective change into your sourcing practices. Developing a stakeholder matrix for this purpose would be beneficial. . learn more. .

Sourcing 40

Sourcing Management Strategic Sourcing Outsourcing 40

SIG Speaks

JUNE 14, 2022

The hybrid procurement method combines a central procurement base with subject matter experts (SMEs) already in each department to balance stakeholders' functionalities and strategic sourcing, which gives the business the best of both worlds. . Resources, advice, and vital information. Most important their expertise.

Strategic Sourcing 40

Strategic Sourcing Sourcing Banking Retail 40

Planergy Software

SEPTEMBER 5, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. If you’ve been in business for a while, you can use information from the prior year to help you set up the budget. How to gain visibility and control of your indirect spend.

Finance 92

Finance Software Accounting Management 92

The Hackett Group

NOVEMBER 9, 2021

Pro forma information is a non-GAAP financial presentation provided to enhance the understanding of the Company’s financial performance and is reconciled to the Company’s GAAP information in the accompanying tables. Third quarter 2021 pro forma diluted earnings per share were $0.32, as compared to $0.17

Pharmaceuticals 97

Pharmaceuticals Information Technology Global Business Services Finance 97

SIG Speaks

MAY 18, 2023

These disruptive technologies control and maintain so much of the vital information organizations utilize, internally and externally. During the twentieth century, AI started to change the face of sourcing and outsourcing. Overall, it affects an ample number of processes within sourcing, if not most of them.

Robotics Process Automation 40

Robotics Process Automation Administrative Sourcing Strategic Sourcing 40

Planergy Software

MARCH 2, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Tail spend analysis helps companies identify areas of spend that are falling through the cracks, allowing them to make more informed decisions and achieve greater savings. However, it is also very time-consuming.

Strategic Sourcing 52

Strategic Sourcing Reduced Costs Sourcing Efficiency 52

SIG Speaks

SEPTEMBER 14, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Heather Frazer discusses how TCO is a great tool that will help capture the entire potential for cost savings and risk and how it is increasingly important for procurement organizations to secure reliable data. I moved into the purchasing side of Procurement a year ago.

Supply Chain Management 40

Supply Chain Management Sourcing Strategic Sourcing Risk Management 40

SIG Speaks

NOVEMBER 17, 2022

In the future, I hope sourcing training programs will fully integrate sustainability and supplier diversity information throughout the curriculum as these topics prove to be an indelible part of a company’s operations. . . learn more. . learn more. .

Strategic Sourcing 40

Strategic Sourcing Sourcing Regulations Government 40

Obobo

SEPTEMBER 1, 2022

This type of information should be relatively easy to pull up if you have access to a spend analysis and contract management solution. Don’t just focus on price and volume with strategic suppliers. Having this information allows you to anticipate their issues and brainstorm creative solutions in advance.

Strategic Sourcing 59

Strategic Sourcing Management Marketing Research 59

SIG Speaks

JULY 1, 2022

In other words, in the world of procurement and strategic sourcing, the importance of resilient supply chains has been a point of discussion for some time. Mary is committed to customer service and considers information sharing and usability the top priorities for any project or organization.

Supply Chain Management 40

Supply Chain Management Strategic Sourcing Engineering Sourcing 40

SIG Speaks

MAY 10, 2022

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. the world leader in commercial real estate information. learn more. .

Management 40

Management Third Party Contracting Strategic Sourcing Human Resources 40

IBM Services

DECEMBER 13, 2023

These increase accuracy and productivity, track purchases and offers data visibility that informs decision making and reduces risk, inefficiencies and time-consuming delays. Benefits of a successful procurement strategy By implementing strategic sourcing and purchasing opportunities, organizations can achieve substantial cost savings.

Administrative 70

Administrative Sourcing Collaborations Strategic Sourcing 70

Obobo

AUGUST 2, 2022

The management needs to approve the policy that outlines how you will keep stakeholders informed. In addition to your supplier policy, you should also establish your risk assessment principles, including financial, legal, and information security risks. As part of the agreement, you must share information and priorities.

Management 64

Management Right-Sizing Supply Chain Management Strategic Sourcing 64

Obobo

MARCH 7, 2023

Second, purchase management software can help ensure accuracy by providing a central repository for all purchase information. This information can be used to negotiate better deals with suppliers and find cost-saving opportunities. This can reduce the chances of errors and miscommunications between buyers and suppliers.

Software 40

Software Management Reduced Costs Data Entry 40

SIG Speaks

APRIL 14, 2022

The paper then goes on to say that “the teams that should collaborate most directly are those focused on strategic sourcing and procure-to-pay.” The author then adds that "a successful source-to-settle workflow must look at the entire ecosystem that connects sourcing and procurement to accounts payable and treasury.".

Finance 40

Finance Co-Sourcing Sourcing Strategic Sourcing 40

Planergy Software

DECEMBER 25, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This process involves analyzing historical data, understanding market trends, and making informed assumptions about future performance. This shift promises faster, better-informed decision-making.

Finance 52

Finance Software Automation Analytics 52

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.

Reduced Overhead 64

Reduced Overhead Strategic Sourcing Collaborations Government 64