Spend Efficiency

Successful procurement is about keeping pace with an ever-increasing cadence of purchases. Decisions must be made faster and with more confidence if companies expect to move with the market and respond to its shifting conditions. One practice that enables this speed is agile procurement.  Agile procurement eliminates many documentation-heavy, slow selection processes that drag down […]

Supplier relationships are a lot like personal relationships. Each is individual, enriches daily life, and requires different levels of attention to keep strong. Just like best friends, there are a few suppliers your business simply couldn’t live without. Businesses rate the characteristics of their supplier relationships using supplier segmentation. Evaluating your supply chain relationships with […]

Procurement teams are continually challenged to align spending with business goals. One of the most important places for Procurement to start is with indirect spend.  This may look like right-sizing a service contract to curb costs or seeking more competitive materials costs to bolster profitability. While the sums for these transactions may fly under the […]

Money management determines any business's long-term success. Yet many companies fail to do this well. They operate in a cycle of feast and famine, which leads to uncontrolled spending that saps financial strength.  This continues until a business's financial health reaches a tipping point. At this point, many organizations slash costs to make it through […]

When it comes to managing company revenues, it’s not just about what you sell but what you save. Spend management is vital to making the most of every dollar—conserving capital to fund meaningful investments, drive growth, and improve cash position. Technology makes it easier than ever to accurately and automatically track business expenses, identify trends, […]

Whoever said, "Failing to plan is planning to fail," was probably involved in project management.  Planning out the minute details of a project paints the most accurate path to completing a project on time and within scope and budget. Estimating your human capital, supply, and monetary needs is vital to that planning. Milestones, spreadsheets, and […]