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 readingWhat is spend analysis?
The concept of spend analysis is fundamental to procurement. But what does it mean in practice?
Continue readingTransparent e-Sourcing – free white paper
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.
Continue readingIndirect spend management: a mine of untapped savings opportunities
Does indirect spend management get the attention it deserves? We don’t believe so, especially given the pressure organisations are under to reduce costs
Continue readingHow to analyse procurement spend
Top performing firms use expenditure data to analyse procurement spend, identify cost reduction opportunities and maximise competitiveness
Continue readingSpend management white paper: free download
Many companies suffer large costs incurred away from the central buying function and sporadic off-contract buying – free spend management white paper
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