ResourcesResources about e-procurement, spend visibility, growing revenues, the future of procurement and more
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...
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...
5 steps for PSPs to increase revenues presentation from Claritum 5 Steps for PSPs to increase revenues Are you growing as quickly as you would like? For Procurement Service Providers (PSPs) offering:marketing services, print & packaging, signage & apparel,...
In this explainer video we look at the case of Jim, a procurement specialist, who is having some problems with his suppliers and would like to be able to manage his work load more efficiently.
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.
Video introducing Claritum’s spend management platorm and capability. Claritum helps you to maximise on spend under management.
Supply chain management is an important process for most companies because an efficient and streamlined supply chain will improve the efficiency of the business and will ultimately translate to lower costs and higher profits.
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.
Many companies focus a lot of time and effort trying to gain new customers rather than looking after the ones they already have. However, employing a strategy to increase customer retention can increase profits significantly as it is considerably more expensive and time consuming to acquire new customers than it is to retain existing ones.
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.
Is your company growing as quickly as you would like it to? Procurement Service Providers often find that growth can be challenging. Customers often demand quicker, better and cheaper services whilst competition is fierce.
What an exciting and insightful show! And a great chance to network and develop new connections. A few of the Claritum team made the trip to Olympia London last week for the TFM&A event and it was definitely time well spent. It’s always good to keep updated on new...