Remove Budget Remove Real-time Visibility Remove Strategic planning
article thumbnail

Budgeting Process: Steps and Best Practices for Planning a Budget

Planergy

How to gain visibility and control of your indirect spend. 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?

article thumbnail

Budgeting In UK Schools: MAT, Academy Budgeting Challenges and Best Practices

Planergy

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Even using last year’s data to support the current year for your current budget may lead you astray without close monitoring, as factors change over time.

Budget 52
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Ultimate Guide to Procurement in Education: Tips for Schools & Academies

Planergy

While less visible, these procurement areas are crucial for maintaining a functional educational environment. Strategic Procurement Strategic procurement goes beyond transactional purchasing. Though it makes budgeting a bit more complex , its often worth it.

article thumbnail

Supply Chain Forecasting — Everything You Should Know

Procurement Tactics

Supply chain forecasting refers to the process of predicting demand by looking at past and present information to help businesses make decisions about their plan, budget, and stock inventory. The integration of AI into forecasting improves accuracy, saves more money, and helps businesses react to exceptions in real-time.

article thumbnail

The Future of FP&A: How The Role Is Evolving With The Use Of Real-Time Data

Planergy

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Thanks to AI and other tools, you can now make better decisions with real-time data. Let’s delve into the details.

article thumbnail

Strategic Budgeting: What Is It, Process, and Best Practices

Planergy

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. For the greatest chance of success, senior leadership should be involved in setting goals and determining success metrics that are aligned to budgets.

Budget 52
article thumbnail

2011 To 2025: The Evolution Of How The C-Suite And Boardroom Views Procurement

Procurement Insights

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.