article thumbnail

How To Calculate Procurement Savings

Obobo

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. Find Out More. Table of Contents. What is Savings Tracking? No contracts to cancel.

article thumbnail

Big Data Analytics: What It Is and Why It Is Important

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Batch processing is a technique used in data processing to speed up the execution of a task by dividing it into a series of smaller tasks that can be executed concurrently. Volume refers to the sheer size of the data.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Strategic Budgeting: What Is It, Process, and Best Practices

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Among the various types of budgeting, strategic budgeting stands out as a powerful tool for achieving long-term financial goals. How to gain visibility and control of your indirect spend.

article thumbnail

7 Tips For Managing Project Budgets Successfully

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Estimate your direct costs by breaking your project into smaller tasks and assigning cost estimates to each task. Assign tasks to team members and track their progress. Download Free Copy. Written by.

article thumbnail

CFO Challenges and Priorities in 2021 And Beyond

Planergy Software

Doing business in the new normal has underscored the importance of accurate and strategic financial planning paired with strategic flexibility, both aligned tightly with organizational goals for business performance. For chief financial officers (CFOs), this need is even more urgent. ” Top Challenges and Priorities for CFOs.

Finance 97