Business Processes
Filter & searchHow To Save Money With Supplier Information Management
There’s no doubt that good management of supplier information can result in increased productivity and improved profitability. The discussion around the effect of reduced supply chain costs on profits and where money can be saved due to supplier information management (SIM) is, therefore, naturally a hot topic. According to the Logistics Bureau, “If net profit […]
Business ProcessesMaster Data ManagementSupplier Management Read nowIs There A Future For ERP And Procurement Suites?
“Across the board, these systems curtail progress and hinder excellence instead of enabling it.” This remark, made in reference to outdated procurement technology and ERP software, is taken from AT Kearney’s report The Future of Procurement Technology. As blunt as it may be, it’s also hard to say it’s inaccurate. The procurement technology that the […]
Business ProcessesMaster Data Management Read nowThe Value that Procurement Centres of Excellence Bring to Organisations
Spend Matters defines a Procurement Centre of Excellence as “an internal entity that performs internally facing knowledge-based services on a one-to-many basis to procurement (and to broader stakeholders) in order to drive scale, repeatability, and best practice.” Gartner, meanwhile, offers this Procurement Centre of Excellence definition, describing it as “a permanent, primarily full-time team of […]
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