News and Content for Procurement Professionals

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Taking Control of Maverick Spend

As maverick spending, or rogue buying, can account for up to 80% of a company's total spend, the inherent savings potential is often substantial. We have shared five steps to help you to get control of your maverick spend.

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 still in the stone age when it comes to strategic procurement – despite its massive influence on the business.

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.