Remove Competitive bidding Remove Real-time Visibility Remove Strategic sourcing Remove supply chain software solutions
article thumbnail

Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. The procurement team manages the order, monitors quality, ensures on-time delivery, processes invoices, and handles any issues that arise during fulfillment. Purchasing's value-add is more limited.

article thumbnail

How effective Tail Spend Management can drive cost savings

Procurement Software

Direct materials that go into the production process are strategically sourced. Below are 5 ideas of ways to extract real savings from your tail spend while improving your overall purchasing governance. Of course, procurement software can help you to achieve all of these much faster. 3) Vendors not actively managed.

article thumbnail

How effective Tail Spend Management can drive cost savings

Procurement Software

Direct materials that go into the production process are strategically sourced. Below are 5 ideas of ways to extract real savings from your tail spend while improving your overall purchasing governance. Of course, procurement software can help you to achieve all of these much faster. 3) Vendors not actively managed.