Insights and strategies for effective sourcing, contract, supplier, and savings management in procurement
Source To Pay in Procurement – The Ultimate Guide Introduction In today’s procurement landscape, many organizations are turning to source-to-pay (S2P) solutions to gain visibility, control and efficiency in their supply chains. It’s no wonder why; S2P can help boost profits, reduce paperwork and improve compliance – all while streamlining the entire procurement process. But […]
Tail End Spend – The Ultimate Guide For many companies, tail end spend is an uncontrolled drain on their resources. In some cases, it can cost up to 10 percent of a company’s budget. In this blog post, we’ll explore the ins and outs of tail end spend, from what it is to how to manage […]
Supplier Management- The Ultimate Guide to Supplier Management and Software Supplier management is an important part of running a successful business. It involves understanding the different roles your suppliers play and how to manage them effectively. It also includes having the right technology in place to track contracts and orders, and to ensure timely delivery. […]
Procurement Savings – The Ultimate Guide and Strategies Introduction to procurement savings Procurement savings can be defined as the difference in cost between what a company pays for goods or services and what it would have paid if it had purchased those same goods or services at the lowest possible price. In other words, procurement […]
eSourcing – The Ultimate Guide to eSourcing Software Introduction to eSourcing eSourcing software is a digital tool that streamlines the process of sourcing and procuring products and services from suppliers. It allows buyers to request quotes from multiple suppliers, compare prices and terms, and track supplier performance. eSourcing also enables buyers to negotiate with suppliers, manage contracts, and pay […]
Procurement- The Ultimate Guide to Procurement and Software Introduction to procurement Procurement is the process of acquiring goods or services. It includes the evaluation, selection, and purchase of materials, products, services, and contracts. The goal of procurement is to obtain items or services that meet the needs of the organization while maximizing value for money. There are […]