Una

JULY 26, 2022

In turn, this opens the door to huge cost savings through the identification and management of maverick spend , supplier consolidation, and the ability to spot patterns and extract insights that will lead to better purchasing decisions. This refers to software and systems being purchased without the approval of the centralized IT team.

supply chain software solutions 98

supply chain software solutions Supplier consolidation Purchasing Contract 98

Empowering CPO

JUNE 26, 2023

Fragmented Supply Chains: The healthcare supply chain is complex and often fragmented, involving multiple stakeholders such as manufacturers, distributors, and group purchasing organizations (GPOs). Supplier Collaboration: Spend analysis fosters collaboration with key suppliers.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 52

Planergy

NOVEMBER 29, 2022

Supplier Consolidation: What It Is, Benefits, and Risks. Best Practices & Tips Strategic Sourcing Supplier Relationship Management. Supplier consolidation involves reducing the number of suppliers you work with. Pros include better supplier relationships, cost savings, and time savings.

Supplier consolidation 52

Supplier consolidation Risk Suppliers supply chain budgeting 52

Planergy

MARCH 2, 2023

Spend analytics involves classifying your spending data, identifying relevant trends, and implementing solutions that improve your purchasing power. Spend analytics can be performed by hand or with the help of software. For example, a company may renegotiate contracts with suppliers to get better pricing.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Real-time Visibility supply chain software solutions 52

Planergy

JANUARY 19, 2023

Pareto Spend Analysis is an incredibly useful tool for optimizing supply chain management processes, reducing costs, and improving overall efficiency. Procurement professionals should take advantage of Pareto Spend Analysis whenever possible to maximize savings and improve performance in their supply chain management initiatives.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

Empowering CPO

JUNE 16, 2023

With advanced tools and software, businesses can automate data collection and cleansing, making the process more efficient. This, in turn, helps in rationalizing the supplier base, ensuring that only the best and most cost-effective suppliers are part of the organization’s supply chain.

Import 52

Import Procurement Supply Chain Efficiency Real-time Visibility 52

Empowering CPO

JUNE 27, 2023

Risk Mitigation: Category spend analysis helps identify potential risks associated with suppliers, such as single-source dependencies, supplier stability, or non-compliance issues. By proactively addressing these risks, organizations can minimize disruptions and ensure a reliable supply chain.

Procurement 40

Procurement Supply Chain Optimization Supplier consolidation Suppliers 40