Menu
Image of number analysis for an article about Using advanced analytics to improve your sourcing outcomes.

Using Advanced Analytics to Improve Your Sourcing Outcomes

Advanced analytics exceeds standard business intelligence (BI) using state-of-the-art technology and tools to create data asset information and real-time statistics. These diagnostic analyses help businesses predict market trends, optimize global supply chains, to make quicker, strategic decisions to pursue financial opportunities. Analytic techniques include data mining, eSourcing software, semantic analysis, complex event processing, predictive modeling, […]

Learn More

Image of a pathway in a meadow for an article about the best in breed vs suite solutions and determining which platform is right for you.

Best in Breed vs. Suite Solution: Which Is the Right eSourcing Platform for You?

Not all procurement and eSourcing software are created the same—perhaps your current solution lives up to expectations in some areas but the eSourcing module isn’t quite what you need. Maybe it’s overcomplicated, delivering a poor user experience and mountains of frustration for your team—after you’ve just spent mountains of cash to acquire it. This is […]

Learn More

Image of a woman with her hand on her chin for an article about What is Spend Analysis.

What Is Spend Analysis?

Spend analysis is a process that identifies, cleans, categorizes, and analyzes your business spend data. . However, there is more to this question than meets the eye. The process of spend analysis has specific goals of efficiency and saving money by increasing visibility into spend, which can decrease overall procurement costs. Read on to learn […]

Learn More

Image of stick-figure people learning for an article about How to Optimize Your Tail Spend with Analytics.

Optimize Your Tail Spend with Analytics

“Tail Spend” refers to all of the high-volume, low-cost expenses a company incurs that aren’t typically managed, let alone optimized. Tail spend examples include purchases that are often too small to go through procurement, such as basic office supplies or employee gifts. Because purchases are small, they usually fall through the cracks, making it tough […]

Learn More

Image of an Internet search bar for an article about 6 Benefits of Spend Analysis.

6 Benefits of Spend Analysis

Spend analysis in procurement has always been an imperative, playing a vital role both in procurement management and the supply chain. So, what is it? It is a process that identifies, gathers, cleanses, groups, categorizes, and analyzes your company’s spend data that leads to obvious benefits, such as saving money and boosting ROI, but the […]

Learn More

Image of a notepad on a blue background for an article about What are eSourcing Best Practices?.

Advanced eSourcing Tools: What Are eSourcing Best Practices?

Everyone in the procurement and purchasing fields knows that sourcing is generally a process of getting the best product from top suppliers with good terms and price. eSourcing isn’t much different. However, with advanced eSourcing tools, you can streamline your sourcing process, unlock new opportunities, and be more strategic, improving your procurement process and supply […]

Learn More

Image of an employee at a desk for an article about Why You Need eSourcing Software

Why You Need eSourcing Software

It’s estimated that approximately 90 percent of businesses use some procurement strategy to acquire goods and services. However, not everyone is using eSourcing software — a cost-effective, efficient way to source. Yes, you could source using manual processes, spreadsheets or the old back-and-forth method, but you wouldn’t be doing your company any favors. Instead, the […]

Learn More

Image of post-it notes in the shape of a question mark for an article about What to Expect in a Reverse Auction.

What to Expect in a Reverse Auction

Even those who don’t work in procurement or purchasing are familiar with auctions, whether they’ve used bidding sites, gone to a live auction, or seen one played out on TV. This standard type of auction is known as a forward auction. What is a reverse auction? In a reverse auction, instead of bidding on what […]

Learn More