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Blog: Spend Management Insights


December 12th, 2024 |

Intake Management for the New Procurement Paradigm

The Challenges Faced by Procurement are Real Procurement professionals face constant challenges–such as trying to control tail and maverick spend,… Read More
Implementing procurement technology illustration
December 10th, 2024 |

Implementing Procurement Technology: Pitfalls & Best Practices

Implementing procurement technology to automate and enhance your S2P processes is a critical step in driving efficiency and value across… Read More
Illustration Tail Spend Management
December 3rd, 2024 |

Understanding Tail Spend Management: A Complete Guide

Despite its seemingly low value, tail spend can be a significant source of inefficiency, leading to hidden costs and missed… Read More
Tariffs and Supply Chain illustration
November 27th, 2024 |

How Tariffs and Trade Policy Shifts Impact Procurement and Supply Chains

As the world watches political shifts unfold, potential changes in trade policy loom large for procurement and supply chain professionals…. Read More
Supplier-Risk-Management
November 25th, 2024 |

Supplier Risk Management (SRM): Strategies to Mitigate Supplier Risks

A proactive approach to Supplier Risk Management is a critical facet of maintaining continuity and stability in supply chains, ensuring… Read More
Purchase Orders in Procurement Illustration
November 19th, 2024 |

Purchase Orders Explained: Types, Process, & Technology

Purchase orders are essential in procurement and business operations, ensuring accuracy and accountability. They act as formal agreements between buyers… Read More
What-is-Spend-Management
November 18th, 2024 |

What is Spend Management? A Comprehensive Guide

What is Spend Management? A Comprehensive Guide Did you know that a staggering 20-30% of the “cost” of procurement stems… Read More
Supplier-Portals
November 16th, 2024 |

How Supplier Portals Transform Vendor Management

According to The Hackett Group, procurement needs in companies across industries have increased 10.6%, indicating a growing productivity gap of… Read More
What-is-E-Invoicing
November 13th, 2024 |

E-Invoicing: Global Mandates for Transparency & Tax Compliance

E-invoicing, or electronic invoicing, is the digital exchange of invoice documents between a supplier and a buyer. Unlike traditional paper-based… Read More
Procurement processes illustration
November 10th, 2024 |

What is Procurement? Types, Process & Solutions

Procurement is essential for acquiring goods and services needed for business operations at the right time, the right price, and… Read More
external workforce
November 7th, 2024 |

Best Practices for Securing Your Investment in Your External Workforce

Best Practices for Securing Your Investment in Your External Workforce  In today’s fast-paced business environment, companies increasingly rely on an… Read More
Ultimate-Guide-Supplier-Risk
November 6th, 2024 |

Supplier Risk Assessments: Evaluate & Manage Vendor Risks

Over the years, globalization has dramatically increased the reliance of businesses on their suppliers, which presents both challenges and opportunities…. Read More
Vendor-Selection-Process
October 31st, 2024 |

Vendor Selection Process Explained: From RFP to Final Decision

Vendor selection is a crucial component of procurement –serving as the foundation for engaging with dependable suppliers that can fulfill… Read More
Sustainable-Procurement
October 28th, 2024 |

Sustainable Procurement: Sourcing Strategies for a Greener Future

Sustainability as a business practice is no longer an optional add-on and sustainable procurement has become a critical component of… Read More
October 24th, 2024 |

Supplier Onboarding Process: Best Practices and Strategies

Supplier onboarding is a critical component of procurement and supply chain management, setting the foundation for strong, productive partnerships. This… Read More
Image with a lit up map of the Middle East
October 21st, 2024 |

Leveraging Generative AI to Transform Procurement in the Middle East

In recent years, procurement processes have evolved significantly, particularly with the arrival of advanced technologies like Generative AI (GenAI). By… Read More
Why-You-Shouldnt-Ignore-Orchestration-in_-Gen-AI
October 14th, 2024 |

Why You Shouldn’t Ignore Orchestration in Your Generative AI Approach

Discussions regarding Generative AI typically focus on the Large Language Models (LLMs), or the use cases they are applied to…. Read More
Forrester-Wave-SVM-2024
October 7th, 2024 |

2024 Forrester Wave™ Supplier Value Management Platforms: Lessons & Insights

For a Product Marketing Professional, receiving a final report from industry analysts is a pivotal milestone. It’s the moment where… Read More