article thumbnail

Budgeting Process: Steps and Best Practices for Planning a Budget

Planergy

Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Why is Business Budgeting Important?

article thumbnail

Financial planning & budgeting: Navigating the Budgeting Paradox

IBM Supply Chain Blog

Budgeting, an essential pillar of financial planning for organizations, often presents a unique dilemma known as the “Budgeting Paradox.” ” Ideally, a budget should give the most accurate and timely idea of anticipated revenues and expenses. It’s not about dismissing traditional budgeting.

Budget 90
professionals

Sign Up for our Newsletter

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

article thumbnail

6 Critical Supply Chain KPIs!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Supply Chain KPIs article and permission to publish here provided by Harkirat Ahluwalia. KPI’s are not solely limited to supply chain, but are used in various different fields to measure how well a company is meeting its objectives. Total Supply Chain Cost.

article thumbnail

The Importance of the Software Product Discovery Phase!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. How to Reduce Software Development Cycle Time! It’s no secret that the software development process can be long and arduous. What is the Software Product Discovery Phase? During this time, the software company will get to know the customer and their business.

article thumbnail

Why Procure-to-Pay Software is Critical Today

ivalua

Investing in Procure-to-Pay solutions is seeing the bigger picture. In Gartner’s Magic Quadrant, they forecast the Procure-to-Pay software market to dip slightly this year, as companies focus on solutions with faster time to value. Procure-to-Pay Software mitigates financial risk. If true, that would be a real shame.

article thumbnail

What is zero-based budgeting?

IBM Supply Chain Blog

Zero-Based Budgeting (ZBB) is like solving a financial puzzle. Instead of relying on the previous year’s budget, ZBB requires you to evaluate and justify every expense from the ground up, justifying its necessity and alignment with strategic goals. Learn more about IBM Planning Analytics What is Zero-Based Budgeting?

Budget 61
article thumbnail

Advantages of cloud computing for supply chain management

EazyStock

Many more traditional supply chain strategies originated in a steadier business environment. Predictable business cycles and stable demand allowed supply chain professionals to focus less on solving challenges and more on cost reductions. The transition to cloud solutions in supply chain management.