Obobo

MARCH 9, 2023

What Are The Benefits Of Using Contract Management Technology In Procurement? Do you wish there was an efficient, streamlined way to manage your procurement process? This innovative solution has revolutionized the procurement industry, saving businesses time and money while increasing productivity. Let’s dive in!

Management 40

Management Automation Software Administrative 40

SIG Speaks

SEPTEMBER 20, 2022

All eyes on procurement. Procurement is under scrutiny with central purchasing being pushed into organizations' spotlight. One such question being asked of procurement is, "Do we have approved alternative sources of supply in place?" How procurement can keep businesses afloat. Consumer Price Index.

Manufacturing 40

Manufacturing Sourcing Collaborations Finance 40

SIG Speaks

DECEMBER 7, 2022

If we want to help women in business, let’s close the pay gap and remove the glass ceiling – and then let products designed by women rise or fall on their own merits, by the realities of business.” – Diana Sz. One would think that this would be a cause for celebrating the progressive practices on the part of corporate procurement departments.

Sourcing 40

Sourcing Retail Outsourcing Design 40

Planergy Software

SEPTEMBER 10, 2021

And while these goods and services carry their own price tags, procurement—i.e., Finding ways to reduce procurement costs is an important part of maximizing your return on investment (ROI) in order to generate both cost savings and value for your business. Procurement Costs: An Overview.

Inventory Management 59

Inventory Management Supply Chain Management Data Entry Labor Costs 59

SIG Speaks

DECEMBER 20, 2022

Calculating short pay or communicating variances to suppliers can be manual, error-prone, and time-consuming. Maverick spend is significantly reduced, and visibility into procurement spend by category allows for future discounting. Intelligent Process Automation does not take employees out of the loop.

Automation 40

Automation Strategic Sourcing Data Entry Sourcing 40

SIG Speaks

JUNE 13, 2023

SIG University Certified Sourcing Professional (CSP) program graduate Brynn Wheeler describes how to manage stakeholders for RFX by fostering a trusting atmosphere and inspiring participation. Persuading a stubborn and indifferent stakeholder to see the value of supporting one’s project efforts may be challenging but is not impossible.

Management 40

Management Supply Chain Management Strategic Sourcing Out-Tasking 40

SIG Speaks

MAY 6, 2022

Instead of paying for that service, a service is now paying them $300 to $500 per month to pump out the oil, filters etc., In this article, we hear takeaways from a recent CPO Rountable discussion from Michael Koontz, VP, Strategic Sourcing & Business Leader for American Tire Distributors (ATD) Sourcing Solutions.

E-Commerce 40

E-Commerce Strategic Sourcing Retail Sourcing 40

SIG Speaks

APRIL 14, 2022

Be sure to note his dual finance and procurement role. In short, his bridge between finance and procurement was to have the latter refocus on areas such as ROIC, Cost of Capital, and P/E Ratio. Only 57% of CFOs feel that procurement contributes to enterprise profitability. and Bethlehem Steel Corp. Fast Forward To 2020.

Finance 40

Finance Co-Sourcing Sourcing Strategic Sourcing 40

SIG Speaks

MAY 2, 2022

As the first half of 2022 comes to a close, procurement faces the reality of inflation and what that means for their supply chains. SIG's CPO & Executive Virtual Series is an opportunity for the most senior procurement executives to gather with their peers in an interactive virtual environment to discuss their most pressing issues.

Sourcing 40

Sourcing Finance Shared Services Automation 40

SIG Speaks

FEBRUARY 1, 2022

2022 is off to a fast start and the future of procurement is squarely in view. We have a host of resources, insights and events to prepare you for procurement 4.0! Stakeholder Engagement has shifted dramatically over the last few years, making way for Procurement’s traditional tasks to become automated. register now. .

Sourcing 40

Sourcing Advisory Automation Shared Services 40

SIG Speaks

FEBRUARY 1, 2022

202 2 is off to a fast start and the future of procurement is squarely in view. We have a host of resources, insights and events to prepare you for procurement 4.0! Stakeholder Engagement has shifted dramatically over the last few years, making way for Procurement’s traditional tasks to become automated. register now. .

Sourcing 40

Sourcing Advisory Automation Shared Services 40

SIG Speaks

MARCH 1, 2022

2022 is already shaping up to further depend on procurement's expertise in transforming sustainable supply chains. We have a host of resources, insights and events to prepare you for procurement's transformation! Procurement Technology Summit. How to Unleash Agile Contracting to Scale Your Procurement Organization.

Sourcing 40

Sourcing Shared Services Automation Outsourcing 40

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. There are many things I have learned during this course that is beneficial to my current position at Raymond James in Corporate Procurement.

Sourcing 40

Sourcing Risk Management Risk Management Strategic Sourcing 40

SIG Speaks

OCTOBER 1, 2021

It has been a wild year, with the Procurement function emerging to the forefront of the business from the pandemic. Procurement 3.0 Building Resilient Procurement Organizations with Travel & Expense Technology. Connecting the Dots Between ESG Objectives and Source-to-Pay Processes. SIG Global Executive Summit.

Co-Sourcing 40

Co-Sourcing Facilities Management Sourcing Analytics 40

SIG Speaks

AUGUST 24, 2023

Procurement is such an interesting field because so many companies do it differently. The pendulum needs to shift drastically and as procurement professionals we need to know what we know and know what we don’t know more than anything else– but how do we get there?

Government 40

Government Risk Management Risk Management Cybersecurity 40

SIG Speaks

OCTOBER 6, 2021

Kristen Jordeth is the Director of Procurement Product Strategy at SAP. I am the Director of Procurement Product Strategy focusing on future innovations within Supplier Management and the SAP Business Network. What does Procurement 3.0 Procurement 3.0 What is your role and what are your day-to-day responsibilities?

Sourcing 40

Sourcing Regulations Analytics Government 40

SIG Speaks

APRIL 29, 2022

In the recent Oliver Wyman article , Powering Your Sustainability Strategy Through Procurement, it is clear that the proactive implementation of a successful ESG strategy is not an option for organizations – not that it ever was. Organizations that fail to deliver on their ESG commitments stand to lose a great deal.

Strategic Sourcing 40

Strategic Sourcing Manufacturing Sourcing Government 40

SIG Speaks

MARCH 28, 2022

Recently we conducted interviews with two senior procurement executives regarding their innovatively practical approach to dealing with inflation and its impact on supply chains. In the first instance, we talked with Tony Abate - Senior Vice President & Global Chief Procurement Officer at Cigna Express Scripts.

Strategic Sourcing 40

Strategic Sourcing Sourcing Outsourcing Collaborations 40

SIG Speaks

SEPTEMBER 1, 2021

As we head into the fall of 2021, we prepare for procurement 3.0 SIG's CPO & Executive Virtual Series is an opportunity for the most senior procurement executives to gather with their peers in an interactive virtual environment to discuss their most pressing issues. September CPO & Executive Virtual Series. register now. .

Co-Sourcing 40

Co-Sourcing Risk Management Risk Management Sourcing 40

SIG Speaks

MARCH 10, 2023

We also heavily focus on working with suppliers who align with our values of equal pay amongst different genders and backgrounds. Because of these values, we must match with suppliers who align with our beliefs. In my current organization, we focus heavily on working with suppliers that are inclusive of all races, gender, and ethnicities.

Management 40

Management Sales Government Human Resources 40

SIG Speaks

MAY 10, 2022

As a Procurement Category Manager, I oversee the Marketing, Sales, Human Resources, and Facilities Operations categories of spend. By respecting and paying attention to those categories equally, I will be able to do so. It is the area that I would like to focus on for my blog submission. Stakeholder Identification.

Management 40

Management Third Party Contracting Strategic Sourcing Human Resources 40

SIG Speaks

MAY 11, 2023

There may be programs developed by individual group companies or parts of the group to meet general procurement needs. In short, taking the time to understand the experience of others pays dividends. The multiple languages and cultures add a layer of complexity. But where to start? But do not rush.

Risk Management 40

Risk Management Risk Management Management Out-Tasking 40

SIG Speaks

MAY 23, 2023

Historically, third-party risk management has been considered a back-office function focused on procurement and contracts. This may be the case until their company has headlines such as "…to pay $18.5M The third-party relationship ultimately becomes an extension of the organization. and growing.

Risk Management 40

Risk Management Risk Management Banking Management 40

SIG Speaks

NOVEMBER 4, 2022

We do plan when to go (the store must be open), what to wear outdoors (depending on weather conditions), we do plan to have some money in our pocket (enough to pay, and not too much “just in case”), we do try crossing roads safely, we do expect to return home with the said bread. This is just a task to do.” Is the stock count large enough?

Government 40

Government Manufacturing Engineering Administrative 40

Future of Sourcing

NOVEMBER 5, 2019

They can get trained at one company and choose to work at a different company with better pay. The evolving workforce overseas means continued pay increases. Uncertainty over the future of the ongoing trade war between the U.S. and China continues to take its toll on supply chains worldwide. They could make a change in the U.S.

Offshoring 52

Offshoring Manufacturing Reduced Overhead Sourcing 52

IBM Services

FEBRUARY 14, 2024

When thinking of artificial intelligence (AI) use cases, the question might be asked: What won’t AI be able to do? The easy answer is mostly manual labor, although the day might come when much of what is now manual labor will be accomplished by robotic devices controlled by AI. We’re all amazed by what AI can do.

Retail 86

Retail Cybersecurity Insurance Automation 86

Planergy Software

JANUARY 18, 2024

Using a dynamic punchout catalog ensures customers can access data directly from their procurement software, and the data is always correct. Catalog management in procurement is the strategic process of managing and maintaining a product catalog within an organization. How to gain visibility and control of your indirect spend.

Management 52

Management Inventory Management Regulations E-Commerce 52

Planergy Software

MARCH 25, 2022

How To Create Savings With Better Spend Management In Procurement. Best Practices & Tips Procure-to-Pay Spend Analysis. How To Create Savings With Better Spend Management In Procurement Before we can explore how to increase your savings with better spend management, we must first take a look at what spend management is.

Management 52

Management Strategic Sourcing Accounting Right-Sizing 52

Obobo

OCTOBER 18, 2022

Procurement Cost Savings: 19 Strategies That Work. Procurement is one of the most important functions in any business. However, with so many companies trying to do it all themselves, procurement can quickly become a drain on resources. How to track procurement savings? Table of Contents.

Government 52

Government Out-Tasking Reduced Costs Outsourcing 52

SIG Speaks

SEPTEMBER 28, 2023

This analysis attempts to explore how procurement and sourcing functions of publicly traded technology companies with market capitalizations between $15 billion to $35 billion (“Tech Company”) can evaluate, implement, and monitor emerging Environmental Social and Governance (“ESG”) regulations within their supply chain.

Sourcing 40

Sourcing Right-Sizing Strategic Sourcing Advisory 40

Obobo

MARCH 19, 2023

It involves determining, tracking, and enforcing all contractual obligations between two or more parties. Mismanaged contracts can lead to costly mistakes that inadvertently put your company at risk. That’s why it’s important for companies to take measures to improve contract management processes. Table Of Content. What Is Contract Management?

Management 40

Management Collaborations Automation Out-Tasking 40

Planergy Software

DECEMBER 16, 2021

Procurement Strategy & Planning. Spend management plays an important role in several parts of the procurement process. The procurement department is most often in charge of spend management and optimization, but the truth is, it goes beyond them. Cristian Maradiaga. King Ocean. Book a Live Demo. Download Free Copy.

Management 52

Management Inventory Management Supply Chain Management Finance 52

SIG Speaks

AUGUST 27, 2021

The question many companies are asking themselves is “how do you get your resources for what you need to accomplish at the correct pay rate, while still making it feasible to where people want to work versus just going on unemployment”. This allows the procurement and sourcing teams to look beyond just the hard, year-over-year savings.

BPO 40

BPO Service Sourcing Offshoring 40

IBM Business Partners

AUGUST 8, 2023

Large organizations are comprised of many assets that require continuous monitoring to ensure optimal productivity. One business’ assets might be thousands of miles of electrical wiring, while another’s might be manufacturing equipment or warehouses.

Software 54

Software Management Supply Chain Management Order Management 54

Mattsen Kumar

JUNE 15, 2021

In fact, with WhatsApp pay becoming popular, companies can now showcase catalogs on WhatsApp and take orders, receive payment, and provide customer support through it too. Over one-third of online buyers have bought products from a D2C brand in the recent past. The practice of manufacturers selling directly to customers is gaining popularity.

E-Commerce 52

E-Commerce Retail Manufacturing Right-Sizing 52

SirionLabs

AUGUST 9, 2021

with smart tags to auto-populate metadata fields across multiple documents in a package. with smart tags to auto-populate metadata fields across multiple documents in a package. No wonder then, that Forrester states that CLM has today become a strategic software product for executives. CLM platforms can help address these challenges.

Management 52

Management Analytics Collaborations Software 52

SirionLabs

AUGUST 9, 2021

with smart tags to auto-populate metadata fields across multiple documents in a package. with smart tags to auto-populate metadata fields across multiple documents in a package. No wonder then, that Forrester states that CLM has today become a strategic software product for executives. CLM platforms can help address these challenges.

Management 52

Management Analytics Collaborations Software 52