Mastering Procurement Data: Benefits of Training Your Team in Analytics and Taxonomies
Earlier this year we published on this blog the first article of our Mastering Procurement Data series, where we share the process to achieve complete excellence in your procurement function. The first article of the series entitled “Mastering Procurement Data – The Power of a Unified Source of Record” talked about the importance of creating […]
Mastering Procurement Data: The Power of a Unified Source of Record
The role of a Procurement Director is fraught with challenges. According to research conducted by the job search platform Zippia[1], Procurement Directors maintain their positions for an average of only 1 to 2 years, with over 60% leaving before reaching their fourth year. This high turnover rate clearly shows the significant challenges inherent in the […]
Building a Culture of Continuous Improvement in IT
In the dynamic realm of Information Technology (IT), stagnation is not an option. The IT landscape is perpetually evolving, driven by relentless innovation and rapid technological advancements. To maintain a competitive edge, organizations are recognizing the necessity of instilling a culture of continuous improvement—a commitment to perpetually assess, iterate, and enhance their IT processes, […]
The Digital Transformation Journey: From Traditional IT to Modern Cloud Solutions
Digital transformation is more than just a buzzword; it represents a seismic shift in the way businesses operate and deliver value. But have you ever wondered how businesses made the leap from traditional IT infrastructures to the boundless cloud? In this article, we offer a historical perspective on traditional IT systems and their foundational role […]
The rise of the digital supply chain: How the digitalization of the supply chain is driving greater efficiency, transparency, and collaboration across the procurement process
Today we’re delving into the heart of a revolution that’s shaking up procurement processes all around the globe: the digital supply chain. The digitalization of the supply chain is transforming procurement, driving greater efficiency, transparency, and collaboration across the procurement process. In this article, we’ll better understand how the rise of the digital supply chain […]
The Benefits of Cloud-Based Procurement Solutions and why it’s becoming companies’ top software of choice
Today, we’re diving into something that’s revolutionizing the procurement world as we know it: cloud-based procurement solutions. Now, we know “cloud-based” might sound like a lot of tech jargon, but it’s pretty straightforward and incredibly impactful. So, buckle up as we explore in this article why these cloud-solutions are becoming a hot topic and an […]
How to Pick Your Perfect Procurement Software: Your Easy-Peasy Guide to Nailing the Best Fit for Your Business
Here’s the deal: procurement software is like your trusty sidekick in business. It can take the headache out of the procurement process, boost efficiency, and save you loads of money. But when you’re spoilt for choice with a buffet of procurement software options, it’s natural to question: how do you choose your perfect match? Don’t […]
7 Tips and Tricks for managing SaaS subscriptions: How to effectively manage SaaS subscriptions, optimize costs, and maximize ROI
Software-as-a-Service (SaaS) subscriptions have become an essential tool for businesses across a range of industries. They offer numerous benefits like helping eliminate the need for businesses to invest in expensive hardware, software licenses, and infrastructure. The subscription-based pricing also allows companies to pay only for the services they need, leading to reduced costs and more […]
Trends to watch in procurement technology: An overview of the latest developments in procurement technology
Procurement technology has come a long way in recent years, with new developments emerging all the time. From artificial intelligence (AI) to blockchain, businesses have a range of procurement technology options available to them. In this article, we’ll provide an overview of the latest trends in procurement technology and what they mean for businesses looking […]
The Importance of Data Analytics in Procurement: Are you leveraging your data for the best results?
Data analytics has become a critical tool for businesses across a wide range of industries, and procurement is no exception. By leveraging data analytics, procurement professionals can gain insights into their spending patterns, identify potential cost savings opportunities, and make more informed procurement decisions. In this article, we’ll go over the importance of data analytics […]
