article thumbnail

Understanding Spend Management Perspectives: CFO, CEO, Procurement Director & Procurement Manager

NLPA (Next Level Purchasing Association)

Spend Management is a critical function within an organization, and it involves the strategic management of the company’s spending to reduce costs, improve efficiency, and enhance profitability. Spend Management is a crucial element in ensuring that we achieve our financial goals.

article thumbnail

Budgeting Process: Steps and Best Practices for Planning a Budget

Planergy

In this article, we will discuss the typical steps involved in the budgeting process, the challenges of forecasting, best practices for effective business budgeting. We will also look at how spend management software , like Planergy, can help keep track of expenses and control spending within budget limits.

professionals

Sign Up for our Newsletter

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

article thumbnail

Office Management: What Is It, Roles, Best Practices Guide, and More

Planergy

Both also integrate with other tools, like Planergy for Spend management and AP Automation. Spend Management Software Ensuring spend is managed with correct approval processes ensures only correct purchases are made adhering to budgets and internal controls for purchasing.

article thumbnail

Office Management: What Is It, Roles, Best Practices Guide, and More

Planergy

Both also integrate with other tools, like Planergy for Spend management and AP Automation. Spend Management Software Ensuring spend is managed with correct approval processes ensures only correct purchases are made adhering to budgets and internal controls for purchasing.

article thumbnail

What Is Dropshipping? The Pros and Cons For Business

Planergy

Prior to the introduction of the dropshipping business model, there were two main online selling methods. Sellers purchased and stored bulk inventory, and fulfilled, packaged, and shipped orders. You’re also responsible for setting the prices, recording the purchase as revenue, and spearheading all things customer experience.

article thumbnail

Supplier Development: What It Is, And How To Manage It

Planergy

Consider Implementing Cost Reduction Teams These teams are typically composed of individuals from different areas of the organization, such as purchasing, engineering, and quality assurance. Quality Quality management is a crucial part of business strategy. Use PLANERGY to manage purchasing and accounts payable.

article thumbnail

10 Types of Innovation: What Is It, Examples, and How To Use It

Planergy

It helps remove the initial investment sticker shock because customers know their purchases are protected for life. Men’s Warehouse offers lifetime pressing services on their suits and coats, to ensure customers can take care of their purchase after the fact. Use PLANERGY to manage purchasing and accounts payable.