IBM Services

DECEMBER 13, 2023

It can nurture collaborative partnerships with suppliers and integrate ethical and environmental (green purchasing) considerations into the sourcing strategy. A procurement strategy is not merely a series of steps for acquiring goods and services. What is a procurement strategy?

Administrative 70

Administrative Sourcing Collaborations Strategic Sourcing 70

Everest Group

OCTOBER 31, 2022

Similarly , the European Union (EU) Medical Device Regulation (MDR) , which regulates the production and distribution of medical devices, mandates MedTech enterprises place a Unique Device Identifier (UDI) for better visibility and tracking of products across the supply chain. Service provider landscape.

Pharmaceuticals 52

Pharmaceuticals Manufacturing Strategic Sourcing Regulations 52

SourcX

OCTOBER 11, 2020

Favorable Regulations. Much like investing in manufacturing infrastructure, many low cost countries try to make their laws and regulations as beneficial as possible for companies that choose to manufacture there. Manufacturing overseas often means that companies can take advantage of favorable regulatory environments.

Manufacturing 52

Manufacturing Labor Costs Regulations Pharmaceuticals 52

NoonDalton

NOVEMBER 8, 2023

The Role of Ethical Outsourcing in Business Support Services Ethical Outsourcing stands at the crossroads of innovation and conscience in the business support sector. We recognize that our services, when ethically managed, can empower communities, foster environmental care, and promote sustainable growth.

Outsourcing 52

Outsourcing Accounting Regulations Strategic Sourcing 52

SIG Speaks

NOVEMBER 17, 2022

What I’ve been trying to do in each position I held was to create processes and resources that are fully integrated into a sourcing organization so that if the person managing the sustainability or supplier diversity program were ever to leave the company (for whatever reason), the sourcing organization is still set up to maintain the program.

Strategic Sourcing 40

Strategic Sourcing Sourcing Regulations Government 40

Planergy Software

JANUARY 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It allows companies to develop relationships with key suppliers who provide the best value for money and services, allowing for easier supply chain management and lower supply chain risk. Download Free Copy. Tier 1 Suppliers.

Supply Chain Management 52

Supply Chain Management Regulations Manufacturing Finance 52

Planergy Software

JULY 5, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This payment type is typically used when employees purchase items or services necessary for their job, such as travel expenses. For instance, the General Services Administration publishes per diem and standard mileage rates.

Management 52

Management Accounting Finance Out-Tasking 52

Planergy Software

JULY 27, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Compliance With Internal Controls Expense reports can help you ensure compliance with internal policies and external regulations. How to gain visibility and control of your indirect spend.

Data Entry 52

Data Entry Finance Software Accounting 52

Planergy Software

FEBRUARY 9, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It’s efficient and cost-effective to have a predetermined budget for each employee that adheres to the company’s financial regulations – this ensures employee reimbursements are issued following company standards.

Finance 52

Finance Regulations Insurance Management 52

Planergy Software

JANUARY 19, 2024

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. As a procurement professional, you know the importance of ensuring that all materials and services delivered by vendors meet or exceed your standards for quality and performance. What is Vendor Analysis?

Risk Management 52

Risk Management Risk Management Supply Chain Management Sourcing 52

Planergy Software

OCTOBER 18, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Employee Safety and Security The program ensures that employees travel with reputable providers and have access to support services during their trips. How to gain visibility and control of your indirect spend.

Finance 52

Finance Reduced Costs Management Risk Management 52

Planergy Software

MARCH 29, 2022

Critical data is displayed in meaningful, insightful ways to help business leaders make informed business decisions such as forecasting, planning, analysis, risk management, strategic sourcing, operational complexcity reductions, and anti-fraud monitoring — to name a few.

Analytics 52

Analytics Accounting Finance Strategic Sourcing 52

Obobo

FEBRUARY 14, 2023

In this guide, we will explore what cost avoidance is and how you can use it to reduce your overall spending on supplies and services. Or, a company might switch to a lower-cost supplier for a particular good or service. Another way to achieve cost avoidance in procurement is to use alternatives to traditional products or services.

Automation 52

Automation Sourcing Strategic Sourcing Analytics 52

Planergy Software

JULY 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Or, they made you may be trying to stay ahead of increasingly strict regulations. Excelling in DSG reduces transition risk by helping organizations stay ahead of changes in regulation and stakeholder sentiment.

Supply Chain Management 52

Supply Chain Management Sourcing Manufacturing Finance 52

Planergy Software

JULY 21, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. What Is The Difference Between Goods and Services Procurement? What Is The Difference Between Goods and Services Procurement? What is Services Procurement?

Management 52

Management Service Strategic Sourcing Supply Chain Management 52

Obobo

MARCH 23, 2023

11 Cost Reduction Strategies in Procurement Procurement is a crucial function in businesses, responsible for acquiring the goods and services needed to keep operations running smoothly. Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

Planergy Software

APRIL 5, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Example decisions made at this level include deciding the products or services that the company will offer. How to gain visibility and control of your indirect spend. Download Free Copy. Written by. Lyle Del Vecchio.

Supply Chain Management 52

Supply Chain Management Manufacturing Sourcing Management 52

Planergy Software

JANUARY 18, 2024

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Catalog management in procurement is the strategic process of managing and maintaining a product catalog within an organization. They contain detailed information about the products or services they offer.

Management 52

Management Inventory Management Regulations E-Commerce 52

Planergy Software

SEPTEMBER 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Vertical Integration: By taking control of different stages of the production or distribution process, businesses can gain supply chain control, reduce costs, increase efficiency, and differentiate their products and services.

Manufacturing 52

Manufacturing E-Commerce Human Resources Marketing 52

Planergy Software

AUGUST 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It’s often tedious for many companies, as procurement involves identifying the right supplier and ensuring that goods and services meet organizational needs. How to gain visibility and control of your indirect spend.

Sourcing 52

Sourcing Strategic Sourcing Finance Automation 52