News and Content for Procurement Professionals

Teaching

Maverick Spend: 5 Ways to Tackle It and Drive Savings

As maverick spending, or rogue buying, can account for up to 80% of a company's total spend, the inherent savings potential is often substantial. We have shared five steps to help you to get control of your maverick spend.

All About Strategic Sourcing in Procurement & How to Unlock its Value

Strategic Sourcing is a systemic process that continuously re-evaluates a company's purchasing activities to acquire goods or services that are of strategic importance to a company.

Six Tips for a Successful Renegotiation Process

Through multiple procurement projects, we have participated in hundreds of negotiation meetings with suppliers, that has provided us with valuable insight into how to ensure a successful renegotiation process. In this article, we share six practical tips on how to secure sustainable, long-term results from a renegotiation.

6 Reasons You Need A Spend Management Solution

This blog will walk you through all you need to know about spend management and why managing spend is important for companies of all sizes.

Webinar on A Practical Roadmap to Procurement Savings: FAQs

During our webinar on “A Practical Roadmap to Procurement Savings of 14 October 2021, we were very happy to receive your questions! In this blog, we answer them.

Supplier Evaluation and Assessment: The What, How, and Why

Organizations conduct supplier evaluations both to qualify the potential suppliers and to assess relationships with the existing ones. Supplier evaluation represents one of the most important decisions in a company to remain competitive, especially in times like now when markets are changing very fast.