News and Content for Procurement Professionals

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.

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.

Meet Maud Rødsmoen, a chess grandmaster, TV-show host, and Data Scientist at Ignite Procurement

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?

When running a business, you need to think about thousands of factors that can contribute to or add value to it. Among these factors, one of the most important is how you monitor and control your spending. Irrespective of the industry you are in, spend management is a process that makes sure money leaving your company is appropriately tracked and accounted for regularly.

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.