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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.
Is Your Contract Management Really Effective?
This document presents some of the contract management problems that organizations encounter and the benefits that a perfect contract management system can offer.Signs your business needs a SRM solution. Contracts are a fundamental building block in any business. They really are the binding relationship between an organization and its customers and suppliers.
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.
Latest Procurement Insights
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...
What is Spend Management? It’s Much More Than Spend Analysis
I often hear the terms “Spend Analysis” and “Spend Management” used together. Often they are lumped together as the same thing, or are loosely defined. So I've decided to make a very distinct differentiation between the two capabilities. Spend AnalysisMany companies...
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...