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Strategic Sourcing for SMEs

Una

Overcoming Challenges with Strategic Sourcing for SMEs Explore how strategic sourcing for SMEs can help procurement professionals overcome the unique challenges of operating a small business. Should smaller organizations stay in their lane and concentrate on day-to-day tactical sourcing?

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Sustainable Procurement — The Ultimate Guide of 2022

Procurement Tactics

In this article, we will discuss the definition of sustainable procurement and its significance in every sector. Once you are done reading this article, you will be able to know how to sustain the procurement process of your organization. Sustainable procurement is a strategic decision that goes beyond the requirements of economics.

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Scotland Import and Export Statistics 2023

Procurement Tactics

Renewable Energy With a range of natural resources such as wind, solar, and tidal power, Scotland is eyeing to strengthen its renewable energy sector and establish the country as a world leader in sustainable energy resources. billion Plastics and articles – £1.2 The Scottish Government figured a 9.9%

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15 Best Purchasing Software Solutions for SMEs

Procurement Software

When you think of the best purchasing software solutions for SMEs, or procurement tech in general, you probably think “expensive” This list of 15 procurement tools specifically targeted to smaller and growing businesses will prove it’s not so. How do you define an SME? Source-to-Contract (S2C) 1.

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What digital procurement tools should you buy first?

Procurement Software

In this article I give you my thoughts about where I would start in a couple of different circumstances. These 10 FTEs should ideally be focused on strategic work. Resources and budgets will be a lot different vs. enterprise counterparts. Digital procurement tools – there are literally hundreds of them out there now.

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Working With a GPO Makes You More Effective

Una

It’s difficult to pinpoint the nature of their concern; perhaps they believe outsourcing some parts of the procurement process is cheating, or maybe they worry that a GPO will alter their sourcing strategy. For many, the age-old concern is that of somehow being replaced or being made obsolete by a more efficient way of doing things.

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Procure-to-Pay (P2P) vs. Source-to-Pay (S2P)

Procurement Software

Procure-to-Pay (P2P) and Source-to-Pay (S2P) are not just fancy acronyms used by consultants, procurement and finance professionals. Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. What steps are involved in Source-to-Pay?