Insights and strategies for effective sourcing, contract, supplier, and savings management in procurement
How to Get the Most Out of Contract Management Contract management is a process whereby an organization manages its contracts with other organizations. It includes the negotiation, administration, and monitoring of contracts to ensure they are aligned with the company’s goals and objectives. An efficient contract management system can save your company time and money, but only […]
How do e-Sourcing Tools Save Money for Procurement Teams? The use of e-sourcing tools has been on the rise in recent years as companies look for ways to cut costs and streamline their procurement processes. And for good reason—e-sourcing tools can save your company a significant amount of money. In this blog post, we will explore […]
Why are Values Important In Procurement Processes? There’s no denying that values are important in every aspect of our lives. They shape our decisions, our relationships, and our world view. So it should come as no surprise that values also play a role in the procurement process. For businesses, procurement is all about getting the best value for […]
What is eSourcing? eSourcing, or electronic sourcing, is the process of using technology to procure goods and services. It’s a subset of Business-to-Business (B2B) commerce and can be used for both direct and indirect spend. eSourcing platforms streamline the procurement process by automating key steps like supplier selection, contract management, and spend analysis. This helps buyers save time and […]
How can a supplier management software reduce risk? Introduction Supplier management software (SMS) is one of the most important tools in any business’s toolkit. It can help you manage and track your supplier relationships, ensuring that you’re getting the best possible products at all times. But what are the benefits of using SMS? Let’s take a […]
Cloud Based Solutions – Definition Cloud based solutions don’t only offer significant cost savings, but they also provide a number of other benefits. In this blog post, we will explore what a cloud-based solution is and how it can benefit your business. We will also be discussing some of the best tools available to help […]