Is inefficient spending starting to impact your profitability? If you’ve answered yes to this question, then it’s high time that you conduct a comprehensive spend analysis to identify cost-saving opportunities and optimize every dollar spent. Spend taxonomy is a crucial…
Webinar | Ask the ExpertHow AI is Making Sense of Your Manufacturing Materials Data April 25th, 11AM ET You’ve done endless data cleanses, you have the latest ERP technology, and/or you have a team of data scientists dedicated to data…
It’s normal for procurement processes to become more complex as businesses grow. However, without strategic oversight and careful management, this can spiral into the development of a long list of vendors, duplicated spending, growing tail spend, and high operational costs. …
For many procurement teams, keeping tail spend under control is a massive challenge with a lot of pressure tied to it. While tail spend is a natural byproduct of procurement teams focusing solely on strategic categories which often represent ~80%…
As seen in Forbes. When President Biden delivered his State of the Union (SOTU) address to Congress in February, tech and manufacturing business leaders were looking for encouraging words from the president. Fortunately, he delivered direct mentions regarding American initiatives…
A strong procurement strategy is an integral part of a resilient MRO strategy. If your business isn’t equipped with the right people and tools to implement strategies to optimize the purchasing, sourcing, and distribution processes, things can quickly get out…
