Insights and strategies for effective sourcing, contract, supplier, and savings management in procurement
What are the Benefits of a Strategic Sourcing Software? Strategic sourcing is a process that involves evaluating and negotiating with suppliers to ensure the best price, quality, and delivery of goods. This type of process is often used in large enterprise-size companies or organizations because it enables them to streamline their operations and purchase from the most qualified […]
What is a Supplier Code of Conduct? As a business, it is important to know how to intelligently manage and make ethical decisions when dealing with suppliers. To ensure that your company’s suppliers are also adhering to the same standards of ethical practices, a Supplier Code of Conduct (SCC) is necessary. A Supplier Code of Conduct is a […]
What is a Supplier Policy in Procurement? For any business, procurement is an integral part of their success. Not only does it involve finding and sourcing the right suppliers and materials needed to run a business, but it also involves setting up policies and procedures that will ensure suppliers are working efficiently, ethically, and cost-effectively. One of these […]
What is Procurement? Types, Technologies, Procedures & Processes Procurement is a term that’s used in many different industries, but it can often be difficult to understand. It can include a wide range of activities, processes and technologies, all with the goal of successfully acquiring goods or services for an organization. In this blog post, we’ll […]
5 Steps to Maximise Procurement Savings Procurement is a necessary part of any business – no matter the size. But it’s also an area where businesses can make huge savings by cutting costs and maximising efficiency. With this in mind, this ultimate guide will provide you with all the tips, tricks and advice that […]
What is Strategic Cost Reduction in Procurement? Strategic cost reduction is a powerful tool in any business’ procurement process. It involves the careful analysis and optimization of costs, leading to improved efficiency and effectiveness. Strategic cost reduction can be used to identify areas of waste and quickly reduce costs through better buying practices. But what exactly […]