Previously in our ‘Moving from Purchasing Thinking to Procurement Thinking’ series, we explored the concept of procurement thinking and discussed priorities, challenges, and trends impacting procurement professionals. Now, we’re asking the big...
In our previous ‘Moving From Purchasing Thinking to Procurement Thinking’ series article, we answered the question, ‘What is procurement?’. We highlighted the key differences between the procurement and purchasing functions and how the act of...
Most of us know what purchasing entails – both as individuals and in the business world. Procurement, on the other hand, is a different story. ‘Procurement’ is often seen as an unnecessarily complex way of saying ‘purchasing’. A better...
You know your business will benefit from a new ERP system, but, like most purchases in life, it’s time to talk about the price. So how much does a new ERP solution actually cost? Answering this question isn’t as straightforward as simply providing a dollar amount....
When your business faces a breakdown in your systems or processes, you have two options: you can address the symptoms of the breakdown – but you’ll have to do this indefinitely because the underlying issue still exists: or two, you can initiate a process...
Spend management is the practice of managing organisation expenditure through processes designed to keep costs under control and to make sure that necessary investments have the desired effect for a business. With a proper spend management policy in place, business...
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