Guides + Whitepapers
Our guides walk you through everything you need to know about building great supplier relationships.
The value-adding potential of procurement is now widely recognised. It was not always so. In previous times procurement occupied a peripheral position within most organisations. It was viewed in operational or tactical terms, but rarely as a strategic, value-adding activity. Trends in global business, industry, organisational management, and business education have all contributed to a new perspective.
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 construction industry presents buyers with a unique and sometimes tricky set of considerations, but this needn't be a reason to shy away from online sourcing. In fact, it can make the move to e-sourcing even more advantageous.
Tail spend accounts for 20% of total procurement expenditure in the average firm. Reliable estimates suggest that anywhere up to 20% of tail spend is waste.