Tail spend is a phrase that is commonly used to describe the spend that a company is making but not accounting for or managing strategically through the company's procurement policy. This is the spend that falls outside the main purchasing categories. Often these purchases are made by employees who may not have the time or skills to make effective purchasing decisions.
continue reading...Is your company growing as quickly as you would like it to? Procurement Service Providers often find that growth can be challenging. Customers often demand quicker, better and cheaper services whilst competition is fierce.
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A traditional procurement process is characterised by manual events , including many small and repetitive tasks. This article discusses how automation affects these traditional processes
continue reading...Project-based procurement occurs when there is a specific project activity and goal. This may be a project that repeats at regular intervals or it may be a one-off project. The project could include volume purchases, small purchase volumes, standard items, specification of unique one-off items and tailoring of items based on individual projects. All included within any one project activity.
continue reading...It is important for organisations to manage the process of sourcing bespoke requirements efficiently and effectively in order to minimise cost.
continue reading...How can you achieve procurement best practice in your organization? In this article we look at what we think are the 5 most important issues to tackle.
continue reading...Why build procurement dashboards? If you spend a lot of your time analysing detailed data feeds and generating summary reports and trying to make sense of the information you get from different sources such as excel spreadsheets, ERP systems, accounting software, databases and manual forms then you could benefit from building procurement dashboards.
continue reading...In the market for a new eProcurement platform? We’ve compiled questions and answers relating specifically to addressing Indirect Procurement.
continue reading...Keeping up to date with constant change is one of the challenges of being a procurement professional. You have to keep up with innovations in technology and stay up to date with ideas about what is considered best practice. Perhaps taking insight from how others are using technology or applying best practices.
continue reading...In an increasingly complex environment Chief procurement officers have to face many procurement challenges. They can no longer focus purely on reducing costs and delivering goods and services:
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