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The Rediscovery of Keiretsu: Vertically Integrated Partnerships with Your Supply Base

Future of Sourcing

As we have entered the realm of friction-based supplier relationships, the time has come to reinvigorate leading practices from Keiretsu through an improved alignment and external vertical integration with your critical suppliers, says Tyler Higgins, Managing Director of AArete. The Japanese pioneered the concept of Keiretsu.

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Travel and Expense Management: What Is It, Challenges and Best Practices

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. In this blog post, we will discuss some of the basics of travel and expense management and some best practices to make your life a little bit easier. What Is Travel and Expense Management?

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11 Cost Reduction Strategies in Procurement

Obobo

With these proven strategies, you can reduce your costs and ensure every penny counts in your business. However, managing procurement can be costly, and costs can add up quickly. Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing.

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Centralized Purchasing: Advantages and Disadvantages

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. In some instances, a small business only needs a purchasing or procurement manager rather than an entire department with multiple staff members. How to gain visibility and control of your indirect spend. Written by.