Obobo

MARCH 23, 2023

For companies looking to reduce costs, procurement is often one of the first places they look. Cost reduction during procurement processes can be accomplished through various strategies that range from the short-term to medium and long-term goals. Short-term Cost Reduction Strategies Short-term Cost Reduction Strategies: 1.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

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. To configure, manage, and track custom savings, procurement teams often use source-to-pay or finance software. Table of Contents.

Strategic Sourcing 52

Strategic Sourcing Finance Software Out-Tasking 52

Obobo

AUGUST 2, 2022

Consider these best practices as you build the right supplier management system for your business. There is more to procurement than cutting costs and finding the cheapest deal. Your company may need a risk assessment professional or a risk assessment committee, depending on its size. Table of Contents.

Management 64

Management Right-Sizing Supply Chain Management Strategic Sourcing 64

Planergy Software

SEPTEMBER 20, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Effective business travel management can lead to cost savings, increased employee satisfaction, and improved productivity. There is no one-size-fits-all approach to the best travel management software.

Management 52

Management Right-Sizing Software Finance 52

Obobo

AUGUST 16, 2022

Consider these best practices as you build the right supplier management system for your business. There is more to procurement than cutting costs and finding the cheapest deal. Your company may need a risk assessment professional or a risk assessment committee, depending on its size. Table of Contents.

Management 52

Management Right-Sizing Supply Chain Management Strategic Sourcing 52

Planergy Software

OCTOBER 18, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Companies of all sizes can benefit from a travel management solution. Using the right business travel management tools , like Planergy’s travel and expense management software, can help greatly.

Finance 52

Finance Reduced Costs Management Risk Management 52

Planergy Software

OCTOBER 4, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Another advantage of big data analytics is that it can help organizations reduce costs and improve efficiency. Volume refers to the sheer size of the data. Using the Right Tools and Platforms.

Analytics 52

Analytics Out-Tasking Right-Sizing Sourcing 52