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How Can Procurement Professionals Succeed With Cost Savings

In this article, we look at five steps to identify and prioritize cost-saving measures that increase the likelihood of success.

Four Procurement Analyzes to Identify Savings Opportunities

The procurement function is constantly under pressure to reduce costs and realize savings throughout the business.

How to Solve Challenges for Data Consolidation and Harmonization

One of the challenges in procurement is consolidating and harmonizing available data to make more fact-based decisions.

What is Spend Analysis

Ultimately, spend analysis is about gaining the necessary insights to drive fact-based, smarter and sustainable procurement decisions.

10 Common Procurement Challenges

Spend often represents a significant proportion of the costs for most companies. Our experience indicates that there is a large untapped potential in procurement, but also several challenges in how to realize it.

Develop a Successful Procurement Strategy in 8 Steps

A solid procurement strategy is important for the business and the procurement function. However, the process of creating a successful strategy is not always straightforward.

8 Benefits of Procurement and Spend Analytics

Working data-driven and fact-based with your procurement costs is crucial to identifying and realizing savings.

8 Strategic Levers to Reduce Procurement Costs

Selecting and implementing procurement measures is a vital part of a holistic approach to strategic procurement.

Categorizing and Classifying Spend - Five Practical Tips

Categorizing your spend is the starting point for category management and a more data-driven approach to procurement. In this article, we will share some practical tips on how to get started.

The Most Common Sources of Spend and Procurement Data

You can gain more insight from your data than you think! In this article, we take a closer look at the most common sources of spend and procurement data.

Estimate Your Procurement Potential With Our Free Savings Calculator

Want to know how much spend you can save for your business? Try our savings calculator to estimate your procurement potential.

Six Tips For Organizing a Procurement Function

Based on our experience, we have compiled six specific tips that can be helpful in building a modern procurement function.

Contract Follow-Up is Vital For Realizing Savings

Managing your contracts and improving compliance is essential to ensure that savings are realized. It also drives supplier collaboration and helps avert conflicts during the contract period.

Negotiation - an Underestimated Strategic Lever?

You can use multiple levers to reduce your procurement costs. One commercial lever, often referred to as a "quick win", is to renegotiate your existing contracts.

Six Tips For a Successful Negotiation

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

How to Use Bundling to Drive Procurement Savings

Bundling is an important commercial lever to reduce procurement costs. In short, bundling refers to securing standardized contract terms with the same supplier across the business, or consolidating spend with one or fewer suppliers than the status quo.

Creating Value Through Strategic Procurement

The procurement profession is characterized by many different concepts and terminologies. Strategic procurement is one such term. Our experience indicates that there are some questions about what strategic procurement is and how this can help create value.

How to Address Strategic Categories

The Kraljic Matrix is a useful tool ​​when defining relevant procurement levers for the different categories. Let's take a closer look on how to address strategic categories.

A Practical Guide to Category Management

Many organizations talk about category management, yet relatively few have implemented this strategic approach to procurement. Implementing category management may seem challenging, but our experience suggests that a few, basic principles can take you a long way.

How to Create a Category Structure For Your Business

Classifying, or categorizing, spend provides you with more control, better overview and detailed insights. In addition, it is a vital part of category management and strategic procurement.

Six Steps For Creating an Action-Based Category Strategy

Are you developing a category strategy, but not sure where to start? Follow these six steps to create an action-based category strategy for your company.

AutoStore signs agreement for the use of our spend management solution

We are delighted to welcome AutoStore as one of our newest customers. Following a procurement project, the company has now entered into a license agreement for the use of our digital solution for strategic procurement.