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Spend Analytics for Procurement Management & Consulting ServicesThe top executive looked at the quarterly report with a confused look on their face. The figures didn’t make sense. Even though they were trying hard to minimize costs and were in talks with several suppliers, spending had nonetheless gone up by 8% over the previous year. Departments were buying things from dozens of suppliers, some of whom they had never heard of before. The IT staff...0 Commentarii 0 Distribuiri 942 Views
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From Risk to Resilience: What Businesses Can Learn from Recent BansGlobal trade has always been a delicate balancing act. In recent years, supply chain managers have seen how fragile the system can be when politics, trade restrictions, and economic changes come together. These disruptions have changed how businesses view Supplier Relationship Management (SRM). It has shifted from just a compliance checklist to a critical strategy. What is Supplier...0 Commentarii 0 Distribuiri 953 Views
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Spend Data Classification: From a Messy Spreadsheet to a Strategic GoldmineMost companies have a lot of useful data in their procurement departments, but it’s hard to find because it’s all over the place. You have a lot of purchase orders, invoices, and records from suppliers piled up. But then someone asks, “Where is our money going?” and things get cloudy.Why? Because the data is all over the place. The names of suppliers are different, the...0 Commentarii 0 Distribuiri 592 Views
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