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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MRO – In-depth Spend Visibility Leads to Savings Opportunities

MRO – In-depth Spend Visibility Leads to Savings Opportunities

After working on numerous “MRO priority” Spend Data Classification projects over the past few months, and reading some recent blog posts regarding MRO from E-Sourcing forum, I can understand 100% why companies are increasingly focusing on MRO Spends as an area for...

How to Drive Procurement Benefits from Spend Analysis

How to Drive Procurement Benefits from Spend Analysis

One of the most frequent questions we get from our clients is hands down: What is the best approach to use and identify savings opportunities through spend analysis?This is an excellent question. There are a wide variety of opportunity analyses that can be conducted...

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…

Some Spend-related Useful Definitions

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...

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Procurement-Related Definitions

Procurement-Related Definitions

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...

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5 Keys To Intelligent Procurement

5 Keys To Intelligent Procurement

Procurement 4.0 study conducted by PwC with 500 purchasing managers in more than 20 European and North American countries confirms that the shift to digital is now underway in procurement departments.   In line with intelligent technologies and the development of...

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