e-Sourcing is an enabler of strategic purchasing precisely because it captures valuable data on purchasing activity. Procurement spend analysis can then be used to determine trends in bid prices received, actual prices paid, and future expenditure levels.
Continue readinge-Sourcing facilitates strategic purchasing: Part II
Last week’s post looked at how e-sourcing enables firms to reduce sourcing costs, thus leveraging purchasing in a way that adds value to the business. Today’s focuses on how value is added by enhanced transparency.
Continue readingSunday Independent: SourceDogg sniffs out the best deals in procurement
As the subject of last week’s Sunday Independent ‘Company Focus’, SourceDogg was profiled as ‘a unique procurement solution for businesses in both the SME and the large corporate sectors’ that’s fast making a global sales footprint in a number of industries.
Continue readinge-Sourcing facilitates strategic purchasing: Part I
e-Sourcing enables firms to leverage purchasing in a number of value-adding ways. Three are of particular note: reduced sourcing costs, enhanced transparency, and data analytics.
Continue readingWe practise the procurement we preach
Here at SourceDogg HQ we use our software to seek best value on goods and services as we implement best practice procurement. You could say it comes naturally.
Continue readingTransparent procurement: exclusively a public sector concern?
The short answer is ‘no’. Transparent procurement makes business sense for all firms, irrespective of sector or size.
Continue readingWelcome to the boardroom: the emergence of procurement as a strategic function
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.
Continue readingWhat is spend analysis?
The concept of spend analysis is fundamental to procurement. But what does it mean in practice?
Continue readingFinancially rewarding employees for cutting costs: could it work?
Procurement professionals know all about the pressure to cut costs. Could their paychecks someday see the profits of their successes?
Continue readingWhat is indirect spend?
‘Indirect spend’ is expenditure not immediately related to production, as opposed to ‘direct spend’ which covers materials directly involved in product development.
Continue reading