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Latest Procurement Insights
The Ultimate Guide To Procurement Management
What 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 about it, as the procurement function is...
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...
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...