Insights and strategies for effective sourcing, contract, supplier, and savings management in procurement
Supplier Relationship Management: How to Foster Strong Partnerships for Long-Term Success In today’s business world, procurement is not just about finding the cheapest supplier anymore. It’s about building strong and long-lasting relationships with suppliers that can help you achieve your business goals. This is where Supplier Relationship Management (SRM) comes in – a strategic approach […]
Source to Pay vs Procure to Pay: Understanding the Key Differences When it comes to managing your business’s finances, there are many different strategies and methodologies you can use. Two of the most popular methods are source to pay and procure to pay. While these two approaches may sound similar at first glance, they actually […]
How Enterprises Can Leverage Supplier Diversity and Inclusion Programs for Improved Procurement Introduction As businesses strive to remain competitive in today’s ever-changing market, supplier diversity and inclusion programs have become a growing trend among enterprises. Procurement teams are no longer solely focused on finding the cheapest option; they now understand that working with diverse suppliers […]
Procurement Technology – Driving Workplace Transformation: What You Need To Know Welcome to the world of procurement technology, where innovation meets efficiency and workplace transformation becomes a reality. As businesses strive to stay ahead in today’s competitive markets, staying up-to-date with the latest technological advancements is key. Procurement technology has emerged as a game-changer for […]
Overcoming Currency Risk Through Procurement Introduction Managing currency risk is a major challenge for businesses that operate in global markets. With fluctuating exchange rates and economic uncertainty, it can be difficult to plan and budget effectively. However, effective procurement strategies can help mitigate the impact of currency risk and protect your business from financial losses. […]
How To Build The Right ESG Framework For Procurement Are you looking to build a sustainable and responsible procurement strategy? If so, implementing an Environmental, Social, and Governance (ESG) framework may be the solution for your organization. ESG is becoming increasingly important in today’s business landscape as it not only helps businesses reduce their environmental […]