News and Content for Procurement Professionals

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How to Identify Savings Opportunities: Maverick Spending

Maverick spending is probably a well-known problem for most organizations and procurement professionals. Let us look at how you can utilize procurement analytics to identify such challenges.

4 Procurement Challenges That Torment Construction Companies

Many construction companies are self-declared still in the stone age when it comes to strategic procurement – despite its massive influence on the business.

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.

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.