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Knowing your indirect and direct spend procurement and why it matters?

Knowing Your Indirect and Direct Spend Procurement and Why it Matters?

Did you know that every time you make a purchase for your business, it falls into one of two categories? Direct spend and indirect spend are different ways to categorize the purchases you make for your business. Read on ahead to learn how each affects your business.

Encyclopedia of Common Procurement and Supply Chain Terms

Encyclopedia of Common Procurement and Supply Chain Terms

Procurement is a complex field, full of jargon, but we're here for you. That's why we have created this encyclopedia which can be your quick reference tool. This glossary is handy for people who want to learn more about procurement and what it means to work in this area.

All About Strategic Sourcing in Procurement & How to Unlock Its Value

All About Strategic Sourcing in Procurement & How to Unlock its Value

Strategic Sourcing is a systemic process that continuously re-evaluates a company's purchasing activities to acquire goods or services that are of strategic importance to a company.

4 Ways Procurement Analytics Identifies Savings Opportunities

4 Ways Procurement Analytics Identifies Savings Opportunities

Understanding and analyzing your company’s spend structure is often the first step towards laying the foundation of a data-driven procurement organization. But for many companies who've jumped into the analytics bandwagon, translating analytics to fact-based actions that enable realizing procurement savings is a tough nut to crack. This article will discuss some promising cost-reduction strategies enabled by analytics that can grow your procurement savings exponentially.

4 Procurement Challenges That Torment Construction Companies

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.

Manufacturing: Solving 4 Major Challenges for Procurement

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.

Bi Tools vs Procurement Analytics Solutions: Pros & Cons

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?

How to Solve Challenges for Data Consolidation and Harmonization

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.

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