How to Identify Savings Opportunities: Transaction Costs
Procurement teams continuously focus on minimizing transaction costs and costs related to the purchase-to-pay (P2P) process. Although the trend is moving towards automated and self-guided P2P processes, there still might be some opportunities to explore.
Level Group Brazil and Ignite Procurement are pleased to announce they have entered into a partnership agreement, combining Level Group's procurement and consultancy experience with Ignite Procurement's leading digital solution for spend management.
Manufacturing: Solving 4 Major Challenges for Procurement
Manufacturing companies of all types face several unique procurement challenges. With a dated spend management solution (or no solution in place at all!), managing these challenges can be very difficult.
There are several procurement levers you can utilize to drive cost reductions. Bundling, or consolidating spend, is one of them. But how do you use procurement analytics to identify bundling opportunities?
BI Tools vs. Procurement Analytics Solutions: Pros & Cons
As a spend management solution provider, we often meet procurement teams that are already using or thinking about investing in business intelligence (BI) solutions. But how well do BI tools support their procurement efforts?
Ignite Wins Tender with the Norwegian Environment Agency
The Norwegian Environment Agency, and implicitly all organizations that are part of the Norwegian Ministry of Climate and Environment, has selected Ignite Procurement as their spend management solution going forward.
Mintec and Ignite Procurement are pleased to announce they have entered into a strategic partnership, combining the award-winning Mintec price data with Ignite Procurement's leading digital solution for spend management.
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.
Through multiple procurement projects, we have participated in hundreds of negotiation meetings with suppliers, providing us valuable insight on 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.
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.
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.
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.