article thumbnail

Managing Tail Spend to Avoid “Porcelain Dalmatians”

Una

When effectively managing tail spend, companies report saving 10 percent or more, which can be a significant addition to the organization’s bottom line. Five steps to setting up a tail spend management process. Have your procurement team collaborate on what categories can be added to tail spend management.

article thumbnail

Get Ready for Success! 4 Critical Workstreams for Successful Procurement Implementation

ivalua

Ivalua Spend Management Insights [ivory-search] Get Ready for Success! Project Manager (PM): The project manager oversees the implementation process, coordinating activities, managing timelines, and ensuring that project objectives are met.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Speed, Collaboration and Innovation – Key Words for the New Procurement Decade

ivalua

Working collaboratively is often complex, involving internal stakeholders beyond the procurement function too, which highlights another critical success factor – the need for effective programme and project management. That’s not something many procurement professionals traditionally consider. .

article thumbnail

7 Tips For Managing Project Budgets Successfully

Planergy

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. 7 Tips For Managing Project Budgets Successfully. Budget Management Procurement Project Management. Start with a Realistic Project Budget. Start with a Realistic Project Budget.

Budget 52
article thumbnail

Discretionary Expenses: What Are They, Examples, and How To Control Them In Business

Planergy

Examples include project management tools, graphic design software, and social media scheduling platforms. For businesses, a dedicated spend management software , like Planergy, with automated spend analytics and drill down reporting makes this much easier. This is not standard for all spend management software.

Budget 52
article thumbnail

Claritum enables print management service for MBA Group

Claritum

Bath, UK (October 23rd, 2019) – Claritum, a provider of cloud-based spend management solutions, today announced that MBA Group had signed with Claritum to provide a solution for their print management service business unit. Claritum Article - Procurement Blog. ?Bath,

article thumbnail

Office Management: What Is It, Roles, Best Practices Guide, and More

Planergy

Both also integrate with other tools, like Planergy for Spend management and AP Automation. Spend Management Software Ensuring spend is managed with correct approval processes ensures only correct purchases are made adhering to budgets and internal controls for purchasing.