World of Procurement blog
APRIL 23, 2024
Spend Analysis Tools: Provide insights into spending patterns, helping businesses identify savings opportunities and improve procurement strategies. E-Sourcing Software: Facilitates online bidding and tendering processes, enabling transparent and efficient supplier selection.
World of Procurement blog
APRIL 23, 2024
Spend Analysis Tools: Provide insights into spending patterns, helping businesses identify savings opportunities and improve procurement strategies. E-Sourcing Software: Facilitates online bidding and tendering processes, enabling transparent and efficient supplier selection.
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Pipefy
FEBRUARY 13, 2023
One of the tactical processes leveraged to realize strategic goals is the source-to-pay process. Here’s everything you need to know about source-to-pay, from what it looks like in practice to how source-to-pay automation can improve procurement efficiency. When is source-to-pay used?
The Good Spending
DECEMBER 25, 2021
In fact, the importance of procurement was confirmed many decades ago upon the formulation of some classical economic theories. Here's the one for you - the Transaction Cost Theory applied to the Source-to-Pay process. As many companies still suggest, it isn't just the way to find the lowest bid.
Claritum
AUGUST 4, 2020
The Procurement team need only to be able to monitor and report as. strategic suppliers, approved suppliers and competitive bids for. Later in this article we will cover the areas that Procurement, with the noise removed, is now able to focus on. According to the Hackett Group’s analysis of its procurement. supply chains.
Claritum
NOVEMBER 16, 2018
The Procurement team need only to be able to monitor and report as needed on the flow of purchasing transactions. Ensuring that policies are adhered to and that there is appropriate supplier selection (strategic suppliers, approved suppliers and competitive bids for example.). So, what strategic areas should you focus on?
Claritum
SEPTEMBER 27, 2018
Where goals and motivations are concerned, the NfP sector is defined by the greater restrictions placed on changes to their goals: this coming from legislation, funding source restrictions and having to adhere closely to their defined purpose. Procurement is constrained only by this minimum set. 2 Goals and Motivations. NOT FOR PROFIT.
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