This blog post focuses specifically on supplier normalization. What is Supplier Normalization? Supplier normalization is the process of taking supplier names with multiple spellings, mis-spellings, abbreviations, etc. and normalizing them (cleaning them up so that...
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Competition is as fierce as ever in the European financial services industry as the move toward a harmonized market over the past decade has driven down margins. It’s Economics 101 – by pushing for transparency, competitors will undercut one another until they are...
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When traveling the rocky road of today’s economic landscape, it’s hard to imagine doing anything but cutting costs, and cutting them now. Because of the tough times at hand, businesses are forced to implement cost cutting procedures at a much faster rate...
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In this post, we provide definitions of various procurement-related terms as well as other terms that are related to sourcing and spend management. Cost Management Cost management can refer to the costs associated with individual projects, or cost management of an...
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Talent wins games, but teamwork and intelligence win championships. Help them tackle those difficult business partners and ensure they get a seat at the table. Assist them by having those tough conversations when they struggle to get co-operation from the business....
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5 Keys To Intelligent Procurement Procure-to-Pay Supplier Relationship Management (SRM) eCatalogs & Punch out Procurement Outsourcing Purchase Request & Supplier Orders Compliance & Validation Budget Management Strategic Sourcing Contract Management...
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