Insights and strategies for effective sourcing, contract, supplier, and savings management in procurement
The Future of Sourcing: Go Big or Go Home Introduction to sourcing and its importance in business In today’s competitive landscape, successful companies understand that sourcing plays a crucial role in their overall operations and profitability. It is the process of finding, evaluating, and selecting suppliers or vendors for goods and services needed to run […]
Boosting Compliance: How Guided Buying Enhances Contract Adherence Introduction to Guided Buying Unlocking the full potential of procurement requires a careful balance between efficiency and compliance. In today’s complex business landscape, ensuring contract adherence is important to maintain strong supplier relationships and driving cost savings. That’s where guided buying comes in. This innovative approach to […]
Supplier Diversity and Inclusion Programs: A Growing Trend In today’s rapidly evolving business landscape, companies are increasingly recognizing the importance of diversity and inclusion not only within their workforce but also in their supply chains. This realization has given rise to a growing trend known as supplier diversity and inclusion programs. These initiatives aim to […]
Invoice Processing Efficiency: Strategies for Success Introduction to Invoice Processing Efficiency In today’s fast-paced business world, organizations are constantly seeking ways to streamline their operations and maximize productivity. One area that often goes overlooked is invoice processing. While it may not be the most glamorous aspect of running a business, efficient invoice processing can have […]
AP Workflow Evolution: From Tedious Tasks to Time and Cost Savings Introduction to AP (Accounts Payable) Workflow When it comes to managing your company’s financials, few things are more time-consuming and tedious than the accounts payable (AP) process. From manual data entry to endless paperwork, traditional AP workflows have long been a burden for businesses […]
Cost-Plus Supply Chain: Factors for Success Unlocking the secrets to a successful supply chain is like discovering hidden treasure for businesses. With so many models and strategies available, it can be overwhelming to choose the right one that aligns with your company’s goals and objectives. One such model that has gained traction in recent years […]