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.

Strategic Sourcing 40

Strategic Sourcing Sourcing Manufacturing Risk Management 40

SIG Speaks

SEPTEMBER 14, 2023

The Certified Sourcing Professional (CSP) Program is a 10-week course that focuses on the hard and soft skills of sourcing, including strategic sourcing and outsourcing methodologies, as well as best practices in negotiations.

Supply Chain Management 40

Supply Chain Management Sourcing Strategic Sourcing 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

IBM Services

DECEMBER 13, 2023

Additional goals might be risk management and mitigation, supplier relationship management and sustainability considerations. Benefits of a successful procurement strategy By implementing strategic sourcing and purchasing opportunities, organizations can achieve substantial cost savings.

Administrative 70

Administrative Sourcing Collaborations Strategic Sourcing 70

SIG Speaks

AUGUST 31, 2023

In order to ensure that the business model is sound, Procurement should include: Risk management strategies for ensuring contract resiliency. Suppliers can go bankrupt, see supply chain disruptions, quality issues, and data breaches. Contingency plans for supply chain disruption. Mitigation plans for potential data breaches.

Collaborations 40

Collaborations Strategic Sourcing Sourcing Efficiency 40

Planergy Software

JANUARY 19, 2024

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Vendor analysis is crucial for risk management. How to report and analyze indirect spend to identify savings opportunities. Taking your time throughout the process ensures you get the best possible match.

Risk Management 52

Risk Management Risk Management Supply Chain Management Sourcing 52

SIG Speaks

MAY 10, 2022

Our supplier risk management team also sits outside of the corporate procurement department. This could be anyone from information technology support, legal, supplier risk management, and even the supplier outside the company running the engagement. Within Raymond James, our legal team sits outside the department.

Sourcing 40

Sourcing Risk Management Risk Management Strategic Sourcing 40

Planergy Software

SEPTEMBER 5, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Better Risk Management By identifying potential financial issues early on, budgeting allows you to mitigate business risks and implement contingency plans.

Finance 92

Finance Software Accounting Management 92

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. As the influential thinker on management, Peter Drucker, famously said ‘if you can’t measure, it you can’t improve it’.

Strategic Sourcing 52

Strategic Sourcing Finance Software Out-Tasking 52

Everest Group

OCTOBER 14, 2021

It is essential for procurement to keep IT onboard for actual negotiation talks and decisions, help price and right-size contracts for deals, and bring category and sourcing intelligence from past successful deals and supplier partnerships. creating negotiation opportunities through internal demand management without harming suppliers).

Sourcing 52

Sourcing Cybersecurity Right-Sizing Risk Management 52

Planergy Software

OCTOBER 18, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. A well-designed corporate travel program prioritizes employee safety by vetting travel suppliers, providing travel risk management resources, and offering 24/7 support for travelers in case of emergencies.

Finance 52

Finance Reduced Costs Management Risk Management 52

Obobo

JULY 1, 2022

Can Source To Pay (S2P) Help Accounts Payable (AP)? S2P or purchase-to-pay solutions can be integrated with online sourcing software, procurement software, and AP automation software to work seamlessly together with an ERP system. The post What Is Source-To-Pay (S2P)? Source-To-Pay Vs Procure-To-Pay appeared first on Oboloo.

Sourcing 52

Sourcing Accounting Software Automation 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. What is Procurement?

Finance 45

Finance Strategic Sourcing Software Reduced Costs 45

Planergy Software

SEPTEMBER 20, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Once you’ve identified a travel management app, ensuring all stakeholders are on board with its implementation is important. How to gain visibility and control of your indirect spend.

Management 52

Management Right-Sizing Software Finance 52

Planergy Software

APRIL 19, 2022

On the surface, aligning with operations makes sense, since procurement involves strategic sourcing of everything from the materials, and equipment needed to operate the business, to contract management. But in a larger sense, the entire operations department must tie back to finance to operate properly.

Finance 52

Finance Accounting Out-Tasking Manufacturing 52

Planergy Software

MARCH 24, 2022

It also involves risk management, supplier relationship management (SRM), and contract management. Monitor and Assess Supplier Performance To build successful and long-term supplier relationships, you must manage your vendor performance.

Management 52

Management Insurance Supply Chain Management Right-Sizing 52

Planergy Software

JANUARY 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. To keep consumers happy, your procurement team should closely evaluate all third-party vendors for risks and supply chain vulnerabilities. Supply chain and risk management has forever changed as a result.

Supply Chain Management 52

Supply Chain Management Manufacturing Sourcing Retail 52

Obobo

MARCH 23, 2023

Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing. Overall, these 11 cost reduction strategies in procurement demonstrate that companies can significantly reduce costs and maintain profitability with the right procurement management practices.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 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. For chief financial officers (CFOs), this need is even more urgent. ” Top Challenges and Priorities for CFOs. The result?

Finance 97

Finance Collaborations Flexibility Robotics Process Automation 97

Future of Sourcing

MAY 9, 2023

Inculcating Contingency Planning The first step in risk management during a crisis is having a strategy. Remember that market circumstance won't always be favorable when developing your sourcing and procurement plans and be sure to account for uncertainties.

Sourcing 52

Sourcing Collaborations Analytics Strategic Sourcing 52

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. Is it because a supplier you contracted with as part of your strategic sourcing initiative isn’t holding up their end of the deal?

Management 52

Management Strategic Sourcing Accounting Right-Sizing 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

Planergy Software

SEPTEMBER 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. While these investments can lead to long-term benefits, they can also strain a company’s financial resources and require careful planning and risk management.

Manufacturing 52

Manufacturing E-Commerce Human Resources Marketing 52