Sourcing Force Blog

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Skill up and learn about procurement tips, advices, strategies and digitization on Sourcing Force blog

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Procurement in different language

Procurement in different language

“A rose by any other name would smell as sweet.”— William Shakespeare, Romeo and Juliet My Procurement Is Your Beschaffung and Their Approvisionnement There is amazing variety in the titles used by professionals in the spend management space. In most cases, those...

Running a Successful Reverse Auctions

Running a Successful Reverse Auctions

Six Steps to Running Successful Reverse Auctions in the Insurance Space Greg Henkin Managing, Partner to a company, has more than 30 years of experience in the insurance industry. He has held senior management positions in several major insurance brokerages, owned his...

Are You the Customer or the Product? (Part 2)

Are You the Customer or the Product? (Part 2)

In Part 1, I covered the model and value of free tools. Click here to read Part 1. In Part 2, I will cover another important component of free tools, support. Another hard truth about free eSourcing tools is that many of them do not come with much support. Perhaps you...

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…

Procurement in different language

Procurement in different language

“A rose by any other name would smell as sweet.”— William Shakespeare, Romeo and Juliet My Procurement Is Your Beschaffung and Their Approvisionnement There is amazing variety in the titles used by professionals in the spend management space. In most cases, those...

Running a Successful Reverse Auctions

Running a Successful Reverse Auctions

Six Steps to Running Successful Reverse Auctions in the Insurance Space Greg Henkin Managing, Partner to a company, has more than 30 years of experience in the insurance industry. He has held senior management positions in several major insurance brokerages, owned his...

Are You the Customer or the Product? (Part 2)

Are You the Customer or the Product? (Part 2)

In Part 1, I covered the model and value of free tools. Click here to read Part 1. In Part 2, I will cover another important component of free tools, support. Another hard truth about free eSourcing tools is that many of them do not come with much support. Perhaps you...

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Procure-to-Pay risk management

Procure-to-Pay risk management

Back in the day I did some work for a wealth management firm in New York. At that time, I was introduced to the area of Behavioral Finance, and more broadly, behavioral economics. While not new concepts, they gained new relevance – and urgency – during the financial...

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Soucing process

Soucing process

Structured Sourcing Process and E-tool Deliver Double Digit Savings As sourcing organizations mature, it becomes more and more challenging to deliver significant savings across well-sourced categories. However, it has been Sourcing Force experience that there continue...

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