News and content for procurement professionals

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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.

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.

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.

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.