Articles
Articles about e-procurement, spend visibility, growing revenues, the future of procurement and more
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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Claritum named as a Provider to Watch 2016 by Spend Matters
We are delighted to be listed as a 2016 Provider to Watch by Spend Matters. At Claritum, we’re focussed on helping clients gaining visibility and control of their tail spend, and Spend Matters have recognised our innovative cloud based platform. We’re looking forward to another successful year.
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Category-Specific Workflows
Product and Service categories with different workflow steps can now be configured, with mandatory steps, optional steps and the ability to require notes and/or attachments for each step. Key for highly compliant procurement environments. Align workflow to your...
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5 signs you have a tail spend problem
Do you have a Tail Spend problem? This article covers 5 signs that indicate you could have a tail spend problem.
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5 things you need to automate procurement
The goal of automation in procurement should be to speed up processes and free employees from repetitive time consuming admin. This will enable staff to focus on higher value tasks.
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The impact of Cloud based Procurement in 2016 and beyond
As 2016 kicks off it’s worth taking a looking at the technologies that are continuing to disrupt the traditional procurement space. For procurement professionals and forward thinking procurement service providers, staying ahead of technology is critical to achieving...
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Make 2016 a year of growth
We all like to start the New Year with good intentions and aspirations about what we will achieve during the coming year. If you intend to make 2016 a year in which you grow your business here are a few ideas that might help.
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A list of the best procurement blogs
Keeping up to date with constant change is one of the challenges of being a procurement professional. Fortunately there are some great procurement blogs and resources out there to help you stay up to date with all the latest ideas and innovations.
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How the cloud is helping CPO’s Save Millions in Tail Spend
In procurement circles, it is widely accepted that the Pareto Principle holds true. 80% of a companies spend touches just 20% of suppliers. Conversely, 20% of a company's annual spend is with 80% of the supplier base. Naturally, when companies are looking for cost...
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Procurement Challenges and How to Manage Them
Chief procurement officers have to face many procurement challenges in an increasingly complex environment. They can no longer focus purely on reducing costs and delivering goods and services. As the role of procurement within organisations continues to expand so the...
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How to carry out a Spend Analysis in 5 steps
Claritum have helped many organisations analyse what they currently spend and identify savings opportunities and we know it can be a daunting task. However, a spend analysis can lead to significant savings opportunities so below we have summarised how to carry out a...
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5 Steps for CPOs to Control Complex Expenditure
20% of the typical companies spend is complex expenditure but many companies struggle to account for this type of spend. Do you know how much your business spent today on complex products & services… …locally, nationally or globally? How much do you spend on...
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Are you getting the most out of your suppliers?
Managing suppliers can be difficult and time consuming. In today’s rapidly changing world companies need good suppliers more than ever. Supplier managers face many challenges such as needing to find way’s to find new suppliers quickly and easily. They need to be able...
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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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Tail Spend Management – Why do it?
Every year, companies make millions of purchases that are too small to be handled by procurement or too infrequent to be included in a single vendor catalog. These purchases are known as tail spend.
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