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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Indirect spend typically shows up as “operating costs” or SG&A (Selling, General and Administrative) costs, while direct spend refers to costs of goods and services that are directly incorporated into a product being manufactured or COGS (Cost of Goods...
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A large manufacturing company had very special needs for scoring and reviewing the delivery and quality performance of their key suppliers. What they wanted to do, and what we established for them through our eProcurement Management software, was as follows: They...
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The 2018 edition of the Deloitte Global Outsourcing Survey highlights the emergence of new forms of outsourcing, such as cloud and automation. These new technological models are transforming companies as a whole and procurement departments in particular. If...
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1. Customized dashboard A 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...
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