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The Ultimate Guide To Procurement Management
Future of Procurement - Vidéo explanationWhat complexifies your procedures, slows the efficiency of your employees and hinders your growth? Obsolete and unsuitable procurement management policies and processes, of course! And yet, few entrepreneurs spontaneously think...
Spend Analysis to Spend Management. Where are You on the Spend Meter?
There are different levels of analyzing your spend, ranging from basic spend analysis to advanced spend management.Consider the following scenarios:Company A:The procurement department reviews and analyzes their general ledger spend for 2019, compares prices, compares...
Some Spend-related Useful Definitions
I’ve noticed that there are a lot of terms being used with the word “spend” in them.Oftentimes one word can mean different things to different people at different companies. In an effort to eliminate confusion, here’s a central repository for Sourcing Force’s...
Procurement System ROI
It’s important when you want to gain more credibility with your internal and external stakeholders to know how much a Procurement system can be such a great solution to help your organization with its current challenges.
Why Do I Need SRM?
SRM is much more than a buzzy acronym that’s been tossed around the business and procurement world for the past decade or so. Is it time to invest in a Supplier Relationship Management solution? The contents of this e-book will help you determine that. Signs your business needs an SRM solution to improve procurement and productivity.
How to boost your Procure-to-Pay value
Learn how to Identify and drive organizational procurement value. Effectiveness is about producing an expected result and the gap between the target and the actual result defines the level of performance. “The less, the better” is now the objective for streamlined and powerful Procure-to-Pay processes.
The Ultimate Guide To Spend Analysis
Procurement organizations should use spend analysis to leverage buying power, reduce costs, provide better management and oversight of suppliers, and to develop an informed procurement strategy. Spend analysis should include the identification, automated collection, cleansing, grouping, categorization, and analysis of all spend data for the goods and services purchased for the organization.
Source-to-pay : Learn how to create new sourcing opportunities
Read about stabilizing your spend, choosing the right suppliers, maximizing internal value and more…
What is Procurement ?
All You Need To Know About ProcurementProcurement (or purchasing) is the process for an organization to obtain products or services from external parties (market supply) to ensure that production and business activities are smoothly carried out. Procurement practices...
The Challenge of Managing Non-PO Invoices
While automating the processing of invoices delivers many benefits, challenges may arise when it comes to non-PO invoices. Non-PO invoices result when a supplier has provided goods or services to a buyer without receiving a purchase order. Because the lack of...
5 Keys To Drive More Spend Onto eCatalogs
Lately, we have seen a significant increase in the number of companies looking to drive more of their spend to eCatalogs and asking their suppliers to provide more catalog content. During a recent trip, a customer challenged me with a goal – they wanted 90% of their...
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Guides to the procurement world
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Blockchain, Smart Contracts and Procurement
To put it simply, Blockchain is a technology that can be likened to a huge decentralized ledger. Every transaction is traced, timestamped, signed and open for anyone and everyone to see.Three blockchain models exist: The public blockchain: Understand a network...
10 features to take advantage of a contract management software
1. Customized dashboardA contract management software has to be flexible and its dashboard should never be locked by administrators. The needs of each user may vary as the company evolves and its objectives change. Depending on their role, he or she may focus on the...
7 reasons to switch to a contract management solution
Contracts are the cornerstones of professional relationships. To know and understand the obligations that bind an organization to its partners, teams must be able to manage contracts and data holistically, through a unified solution. Forget your storage cabinets,...
Digitization, an asset for contract management
Simplifying contract management from creation to renewal; increasing efficiency by automating contracting processes and making exchanges smoother; reducing processing time in both back-office and front-office; These are the main challenges in document management. This...
5 good reasons to use our e-Procurement suite Sourcing Force
An e-procurement solution offers many advantages and covers a wide range of applications. It allows an increase in productivity, a better visibility into real time transactions, and facilitates access for users to the supplies they need. It was a long way before...
e-Procurement to facilitate procurement management
As part of purchasing management, e-procurement is one of the favorite methods used by companies to place their item orders. What does e-Procurement mean ? It is commonly referred to as "electronic or online procurement”. E-procurement is a commercial transaction...
Source-to-Pay : Outsourced purchases
As the newest of the purchasing class, procurement outsourcing is often neglected by organizations considering the investments made in e-procurement solutions, especially in order to optimize costs. The strategic impact would be then more significant if companies were...