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Latest Procurement Insights
Optimal Spend Analysis – How to Leverage Multiple Data Classifications?
Focusing on Business Specific Category Sourcing Groups is key, with or without UNSPSC.Transforming raw Spend and Supplier data from payment and purchasing systems and reclassifying it into common, meaningful sourcing categories creates significant visibility and...
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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...
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Procurement – A Comprehensive Definition
You may already know that Procurement is usually used as a generic term for "purchasing" within an organization. Though, there is a lot of variables and invisible details that make it trickier to understand than just the overall aspect. I'm going to dive into a...
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