The Role of Automation in Procurement: Letting Tech do the Heavy Lifting to Free Up Resources for More Strategic Activities
Procurement is a backbone function for any business. Its main goal is to ensure that the business has all the goods, services, and works it needs to operate effectively and efficiently, while also managing costs and supplier relationships, playing a vital role in a company’s operations, financial performance and risk management strategy. Because of that, […]
7 Common Procurement Challenges and How to Manage Them
Procurement has been at the heart of a company’s success since the Egyptians in 3000 BC. However, the complex nature of managing procurement means it is not without challenges. Business procurement departments have a variety of different responsibilities. Managing procurement involves everything from contracts to supplier relationships. It means it is a dynamic role that has to […]
Why You Need Spend Management Analytics in Digital Procurement
How do you reduce procurement costs, improve efficiency, and track and control workflows? The answer: Spend management Over the years, spend management has evolved into a continuous, comprehensive approach. This goes a long way to keeping your business in check and improving your bottom line. Since Covid-19 first emerged, procurement organizations have faced a barrage […]
