Savings & Finance

Best Practices in Materials Forecasting for Procurement and Finance

For manufacturers, the difference between steady margins and sudden shortfalls often lies in the qua..

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Best Practices in Materials Forecasting for Procurement and Finance

For manufacturers, the difference between steady margins and sudden shortfalls often lies in the qua...

Savings & Finance, Procurement Explained,

Spend forecasting techniques for Procurement

Forecasting your spend is a vital part of meeting Procurement and Finance targets. Spend data is a v...

Procurement Explained,

Key differences between direct and indirect spend management

Direct spend in procurement refers to goods and services directly related to making products or serv...

Procurement Explained,

Everything you need to know about supplier negotiations

Supplier negotiation combines interpersonal skills, tactics, market understanding, and data-driven i...

Procurement Explained,

Direct procurement and direct material sourcing

Procurement can be divided into direct and indirect material categories. Direct procurement, or dire...

Procurement Explained,

What is spend cube analysis made up of?

Spend cube analysis is spend data presented as a multidimensional cube. The three dimensions of a pr...

Procurement Explained,

Materials Forecasting Explained

Materials forecasting involves creating direct materials cost budgets and forecasts to help your bus...

Procurement Explained,

How to Manage Tail Spend in 5 Steps

Tail spend refers to the portion of an organization’s procurement that accounts for approximately 80...

Procurement Explained,

Spend Analysis: A Short Introduction

Spend analysis is the practice of analyzing procurement spend to decrease costs, increase efficiency...

Procurement Explained,

How to select a spend taxonomy | Spend data categorization

Spend categorization does not have to be painful. Granted, it can be time-consuming and demanding, b...

Procurement Explained,

Key Terms and Abbreviations in Procurement

Terms used in procurement can be pretty complex. There are many concepts to familiarize oneself with...

Procurement Explained, Multi-language,

5 Tips for Contract Negotiation: What to Consider Before Negotiation

Commercial contracts that run smoothly throughout their lifespan are a rarity. So much can go wrong:...

Procurement Explained,

What Is a Purchase Order? (And Why It's Worth Doing Right)

A purchase order (PO) is an official document, created by the buyer, which authorizes a purchase tra...

Procurement Explained,

Contract Lifecycle Management Explained

Managing commercial contracts is becoming an increasingly complex activity. The volume and variation...

Procurement Explained,
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