by Olivier | Mar 6, 2023 | Savings management
How can savings recognition improve and have an impact on your procurement organization? 1-Establish consistent savings definitions and types The lack of consistency in the definition of savings has caused misinterpretations between Procurement and Finance. Savings...
by Olivier | Feb 27, 2023 | Sourcing & Request for proposal, Strategic Sourcing
With the constant changes and innovations occurring in today’s world, sourcing is often a bit of a moving target. And often other departments and stakeholders are confused about (or unaware of) the definition and value of strategic sourcing. What’s the strategic...
by Olivier | Feb 20, 2023 | Contract Management
For too long the legal department has been seen as something of a necessary evil within an enterprise: vital in keeping the company out of court or at least on the winning side of legal battles, but unable to add much value beyond those duties. This attitude, however,...
by Olivier | Feb 13, 2023 | Contract Management
One of the most important areas of focus for companies that want to manage uncertainty, mitigate risk and eliminate obstacles to competitiveness is implementation. After all, the success of any CLM implementation will play out over time in terms of adoption and value...
by Olivier | Feb 6, 2023 | e-Procurement solution, e-Sourcing solution, Source-to-Pay
eSourcing and eProcurement are a perfect pair – they go together like peanut butter and jelly. When used together, these solutions can transform any organization and empower purchasing pros to make data-driven business decisions. So where does the rubber meet the...
by Olivier | Jan 30, 2023 | Budget Management, e-Procurement solution
Cost reduction and cost control: It’s The Holy Grail of every financial manager at every for-profit company. It’s also the goal of every non-profit organization seeking to stay within the boundaries of their allocated budget. The entire cost-containment process is...
