Articles

Articles about e-procurement, spend visibility, growing revenues, the future of procurement and more

eWorld – March 2017

We’ve packed up the exhibition kit (until the next time) and followed up on all the interesting conversations started during eWorld at the QEII Conference Centre in London. It’s interesting to see how many organisations are still contending with the various process...

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Procurement Data

With advanced technological advancements storing and generating data from suppliers and customers has never been easier. For the procurement department, which works with many different suppliers, a large range of data will be produced. Capturing and analysing this data properly is crucial if procurement departments want to monitor their effectiveness and improve efficiency.

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5 Reasons to Tackle Tail Spend

The traditional view of procurement, promoted by large consultancies, is to focus on managing the top 80% of spend and ignore the 20% of spend in the tail. The argument for ignoring spend is that there are few opportunities for savings.  However, as "sourcing doctor"...

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Stop chasing your tail

Are you still chasing your tail spend? Does your business spend millions on ad hoc and unpredictable low cost products and services?

You know the kind of things that most businesses don’t plan for, but still spend 10-20% of their revenues on. The type of transactions that are too small for procurement to bother with but too numerous to ignore.

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Procurement Dashboards

Why build a procurement dashboard? If you spend a lot of your time looking at reports and trying to make sense of the information you get from different sources such as excel spreadsheets, ERP systems, accounting software, databases and manual forms then you could benefit from building a procurement dashboard.

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Complex Tail Spend Management

Complex indirect spend categories or ‘Tail Spend’ present unique sourcing challenges to most organisations. These categories are characterised by being unpredictable in their demand, they require accurate specifications, are deadline driven and often have a low average order value.

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Manage your tail spend more effectively

Tail spend is a phrase that is commonly used to describe the spend that a company is making but not accounting for or managing strategically through the company’s procurement policy. This is the spend that falls outside the main purchasing categories.

Often these purchases are made by employees who may not have the time or skills to make effective purchasing decisions.

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