Tuesday 4th March saw London's QEII Conference Centre hosting eWorld Purchasing & Supply, one of the procurement world's premier events and an exciting date in the SourceDogg diary.
‘Tail spend’ refers to the 20% of a company’s spending with 80% of suppliers, often comprising small and irregular amounts not overseen by a central procurement function. While separately these payments may not make much of a dent, together they can really start to add up.
Sourcing is global and so is SourceDogg! We’re currently looking for partner companies in all four corners of the globe to come on board to help us spread the word, introducing our software to new users and reaping the rewards for doing so.
The development of e-procurement technologies has opened up new possibilities for firms to inject greater transparency into supply chain management; and this is achievable without incurring major costs or disrupting existing financial and enterprise resource planning systems.
e-Procurement benefits from the cloud's reduced costs, time and infrastructure, its performance and reliability, and crucially its ability to pave the way for the implementation of best-practice information security.
The adoption of e-procurement tools in the planning of London 2012 proved highly successful, significantly impacting the ‘green’ gains of the builds, as well positively affecting expenditure.
Are we finding it more and more difficult to resist the giddy extravagance of the festive frenzy? Are we really doing our best to keep costs down by comparing prices and seeking greatest value for money?