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Beginner’s Guide to Managing Spend

NLPA (Next Level Purchasing Association)

To new members of a Procurement & Purchasing team, it’s important to understand the role of managing spend and its impact on organizational success. At its core, managing spend refers to the process of strategically controlling and optimizing the financial resources allocated for procurement and purchasing activities.

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Q4 2023 Insider roundup: A deep dive into procurement tech market movements; updated coverage of 15 vendors

Spend Matters

Spend Analytics AnyData Solutions is used for spend analytics, contract management, supplier relationship management and ESG/performance tracking. It makes the invisible visible through discovery and continuously monitors key issues to supply chain risk.

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How to Implement a Strategic Sourcing Process

Una

How to Implement a Strategic Sourcing Process A play-by-play manual showing how to implement a strategic sourcing process that aligns with your organization’s goals, optimizes spend, and creates long-term value. At its core, strategic sourcing formalizes the process of finding, assessing, and choosing suppliers.

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The Comprehensive Guide to Spend Analysis in Healthcare

Empowering CPO

Explanation of Spend Analysis and its Importance in Healthcare In the ever-evolving landscape of the healthcare industry, optimizing costs and maximizing efficiency has become paramount. This is where spend analysis steps in as a powerful tool to help healthcare organizations gain deep insights into their procurement activities.

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Supplier Relationship Management: A Comprehensive Guide 2023

Zycus Cognitive Procurement

As businesses strive to remain competitive in times of economic uncertainty, there is an increased need for effective supplier relationship management. A strong collaboration between the purchaser and suppliers can result in lower costs and better quality products, while driving innovation.

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Everything You Need to Know About Procurement Solutions

Pipefy

Below we’ll cover digital procurement solutions, essential features, and their benefits for optimized digital procurement workflows. Supplier relationship management Tension is never pleasant, but only those procurement professionals who pinpoint lacking supplier relationships can evaluate and rectify the situation.

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Establishing Procurement as a Competitive Advantage

ivalua

Most leaders seem to track their progress with metrics such as percent of spend managed and digitization levels, defining best-in-class as being the top quartile or similar high percentage. Bringing more spend under management and digitizing are key steps along the way.