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. Spend management refers to the process of collecting, maintaining, categorizing, and reviewing spend data in an effort to reduce procurement costs.

Management 52

Management Strategic Sourcing Accounting Right-Sizing 52

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

Planergy Software

MAY 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. How Strategic Procurement Can Give You a Competitive Advantage. Procurement Strategic Sourcing. Easier to Mitigate Supply Risk Supplier risk management is crucial for any organization.

Strategic Sourcing 59

Strategic Sourcing Sourcing Reduced Costs Supply Chain Management 59

SIG Speaks

OCTOBER 19, 2023

Executive presentations are a valuable platform to highlight the outcomes of strategic sourcing initiatives and cost-saving measures. As an example, during Covid, it was critical to relay the ongoing issues and risks with the supply chain. Strong relationships with suppliers are essential for procurement success.

Strategic Sourcing 40

Strategic Sourcing Sourcing Manufacturing Risk Management 40

Planergy Software

JANUARY 26, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Supplier risk is always there, but using various risk management strategies can help you minimize the impact. How to report and analyze indirect spend to identify savings opportunities.

Supply Chain Management 52

Supply Chain Management Risk Management Risk Management Government 52

SIG Speaks

SEPTEMBER 14, 2023

Reviewing the total cost of doing this in-house versus engaging a supplier to manage these tasks may prove that the total price is lower to outsource. While it can be difficult to effect change in a large organization, the likelihood of adaptation is higher if management is provided with a cost model.

Supply Chain Management 40

Supply Chain Management Sourcing Strategic Sourcing Risk Management 40

Planergy Software

JANUARY 19, 2024

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Vendor analysis is crucial for risk management. Management: Meet with the vendor’s management team. What's Planergy?

Risk Management 52

Risk Management Risk Management Supply Chain Management Sourcing 52

IBM Services

DECEMBER 13, 2023

By assessing and proactively managing risks inherent in the supply chain , organizations can shield themselves from disruptions and strengthen the resilience of their operations. This enables an effective and adaptive approach to sourcing that creates value and minimizes risk. Some may not agree with the proposed changes.

Administrative 70

Administrative Sourcing Collaborations Strategic Sourcing 70

Planergy Software

SEPTEMBER 5, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Whether you have a small business or a large corporation, the basic steps and best practices for managing budgets are the same. How to report and analyze indirect spend to identify savings opportunities.

Finance 92

Finance Software Accounting Management 92

SIG Speaks

AUGUST 31, 2023

Typically, this involves identifying the needs of the organization or team, selecting the suppliers, negotiating the contracts, and managing the relationships. Transparency surrounding the procurement organization is also an integral part of ensuring that there are clear guidelines for supplier management and negotiation of contracts.

Collaborations 40

Collaborations Strategic Sourcing Sourcing Efficiency 40

Planergy Software

OCTOBER 18, 2023

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Partnering with a travel management company (TMC) can help you access travel experts to make the most of your program. What's Planergy?

Finance 52

Finance Reduced Costs Management Risk Management 52

Planergy Software

SEPTEMBER 24, 2021

Securing competitive advantage means mastering emerging technologies and developing strategies that incorporate risk management, data-driven decision making, and a collaborative, agile approach. They were a liaison between the finance team (along with procurement) and upper management in the C-suite. The result?

Finance 97

Finance Collaborations Flexibility Robotics Process Automation 97

Obobo

DECEMBER 17, 2021

Such costs can accumulate, especially if they are not properly managed. 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. This task is challenging, but not impossible. Table of Contents.

Strategic Sourcing 52

Strategic Sourcing Finance Software Out-Tasking 52

SIG Speaks

MAY 10, 2022

SIG University Certified Sourcing Professional (CSP) program graduate Shawnie Albritton shares how category management can help with cross-team engagement and its usefulness in procurement. Our supplier risk management team also sits outside of the corporate procurement department.

Sourcing 40

Sourcing Risk Management Risk Management Strategic Sourcing 40

Future of Sourcing

MAY 9, 2023

As companies were trying to manage the aftermath of COVID-19, the Russia-Ukrain war occurred, whose ripple effects are now testing global economies. A report on strategic collaboration mentions that your relationship with suppliers should be strategic instead of transactional.

Sourcing 52

Sourcing Collaborations Analytics Strategic Sourcing 52

Everest Group

OCTOBER 14, 2021

The CIO’s office consists of the visionaries who are willing to take high risks of trying something new and are the least process-sensitive of all business units. Often, IT category managers end up closely collaborating with their functional leads, and certain organizations centralize procurement departments in IT.

Sourcing 52

Sourcing Cybersecurity Right-Sizing Risk Management 52

Obobo

JULY 1, 2022

Lower procurement costs, greater savings, and more opportunities to pursue new sources of value. What Is The Source to Pay Process? Source to pay process: 1. Sourcing 3. Contract Management (including negotiation) 6. Can Source To Pay (S2P) Help Accounts Payable (AP)? The post What Is Source-To-Pay (S2P)?

Sourcing 52

Sourcing Accounting Software Automation 52

Planergy Software

MARCH 29, 2022

How better management in AP can give you better flexibility for cash flow management. AP manages critical financial data that can provide valuable insights for discovering potential savings. How AP can improve relationships with your key suppliers. How to capture early payment discounts and avoid late payment penalties.

Analytics 52

Analytics Accounting Finance Strategic 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. By adopting best practices such as spend analysis, supplier management, and e-procurement , companies can save money and increase efficiency.

Finance 45

Finance Strategic Sourcing Software Reduced Costs 45

Planergy Software

SEPTEMBER 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. By taking ownership of various stages in the production process, businesses can closely monitor quality standards, optimize inventory management, and reduce the risk of disruptions caused by external suppliers.

Manufacturing 52

Manufacturing E-Commerce Human Resources Marketing 52

Planergy Software

APRIL 19, 2022

How better management in AP can give you better flexibility for cash flow management. This process left upper management such as Chief Financial Officers (CFOs) in the dark regarding purchases, leaving them to simply pay the bills at month-end. How AP can improve relationships with your key suppliers. Download Free Copy.

Finance 52

Finance Accounting Out-Tasking Manufacturing 52

Planergy Software

JANUARY 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Sourcing Supply Chain Management. It’s about product development, site inspection, and management, too. Supply chain and risk management has forever changed as a result. Written by.

Supply Chain Management 52

Supply Chain Management Manufacturing Sourcing Retail 52

Obobo

MARCH 23, 2023

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. Implement strategic sourcing by establishing a long-term plan that balances costs, risks, and benefits.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52