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A comprehensive guide designed to tame tail spend in a way that leads to reduced risk and increased cost savings. Taming Tail Spend. This comprehensive guide will go over tail spend in procurement and provide resources for how to implement an effective tail spendmanagement strategy. Next is the tail.
How do ChiefProcurementOfficers and their teams leverage digital transformation to take control of their data and better deliver against their strategic objectives? . Data is central to successful digital transformation to relay real-time information and greater visibility into operations and resource allocation.
JAGGAER characterizes the steps in this process as SpendManagement, Category Management, Sourcing , and Contracts. These four steps constitute the downstream procure-to-pay part of the process. These begin with enhanced visibility. Measure and monitor consistently over time and report the results.
Your business could struggle to achieve visibility of its global supply chain. Without good visibility, maximising the benefits from global sourcing is impossible, as it is impossible to track exactly how much is being spent. Do you have visibility of a global supply chain? Do you have visibility of a global supply chain?
Bettina was a Finance professional before founding Berlin-based spendmanagement startup Hivebuy. She goes one step further and says that Procurement and Finance definitely see each other, but don’t necessarily understand one another. This will build empathy between procurement and finance teams.
At the heart of our services is the promise of ‘Empowering ChiefProcurementOfficers’ We understand the challenges that CPOs face in driving cost savings, ensuring supplier performance, and managingprocurement risks. It can also provide valuable insights for budget planning and financial forecasting.
Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. How to gain visibility and control of your indirect spend. How to report and analyze indirect spend to identify savings opportunities. That’s where procurement’s role becomes so crucial.
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