Planergy
SEPTEMBER 5, 2023
How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Using financial tools can help save time and resources while improving accuracy in the budgeting process. Why is Business Budgeting Important? Budgeting should be part of regular financial planning.
Procurement Templates
DECEMBER 11, 2024
Financial Objectives Budget Management: Monitor and manage procurement budgets to ensure spending stays within approved limits. Before you procure, work with the business on the commercial case. Action: Develop a procurement cost-avoidance tracker for proactive budget control.
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IBM Supply Chain Blog
DECEMBER 20, 2023
A successful business strategy dictates the allocation of resources and outlines how a company will achieve its strategic goals. Whether the organization is focused on developing new products or marketing an existing service to an under-served demographic, having a solid strategy will help an organization realize its long-term goals.
Procurement Insights
JANUARY 3, 2025
Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.
Procurement Tactics
MAY 8, 2023
The collaboration in CPFR usually includes business planning, forecasting , and replenishment of raw materials and finished products. CPFR is a business strategy that involves the collaboration of multiple partners to satisfy customer demand. It enhances trust between partners and enables customers to be heard.
Spend Matters
JUNE 18, 2024
Increased agility — Given how quickly procurement needs to respond to changing policies and business strategies, the process we build today may not be the right process tomorrow. And given how tight procurement budgets are, it can be difficult to make a case for bringing in a developer every time a simple change needs to be made.
Supply Chain Game Changer
JULY 20, 2021
When you want to make your business a success, then you need to think out of the box with respect to your expense management. You will need to make significant changes in your business strategy. You need to have a budget in mind for the job. Plus, you may need to make some changes in the architecture of your office.
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