Top 5 Things to Know About Spend Analysis Technology Spend analysis technology allows you to take a closer look at where your money is going in the scheme of procurement management. Even if you have a tight...
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Your Guide to Spend Analysis and Opportunity Assessments There are many reasons you want to run spend analysis reports, and at the end of the day, you want to improve your overall spend management and return...
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How to Get the Most from Your Spend Analysis Reports Running spend analysis reports is a must in procurement, otherwise, you’ll never gain proper ROI without knowing where your funds are going and how...
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How to Streamline Contracts and Procurement (During the COVID-19 Pandemic) Streamlining contracts and procurement even before the COVID-19 pandemic may have been difficult. Still, once the pandemic hit and...
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Once upon a time, companies had to manage purchasing departments and procurement management as though it was the Dark Ages. Everything was done by hand—there were no computer software programs to help, there...
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Spend analysis is, quite simply, exactly what it sounds like—analyzing how much you’re spending and what you’re spending it on. Spend analysis and procurement roughly means the same things, but there is a...
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RFPs that fail to deliver expected cost savings and/or efficiency gains frustrate procurement professionals and stakeholders. The issues typical revolve around insufficient planning or conflicting goals. As...
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You have probably heard about optimization and might be wondering if it will give your sourcing team a strategic advantage. Let me start with a brief recap on the excitement surrounding optimization from past...
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