It’s a cliché, but like most clichés, there is an element of truth to the fact that being visible to the Finance department is crucial to your team’s overall success.
Spend Matters just published a great article articulating why taking a best-of-breed approach to procurement technology is so important for your organization. It explains how APIs and other open integration approaches have made it easier for any organization to give its procurement team the very best tools to get their jobs done.
You and your team spend an enormous amount of time, resources and effort to negotiate good agreements for your organization. The problem is, that soon after you’ve negotiated it, it’s no longer current.
We've all been there. You have a category of spend where you'd like to run a bidding event but don't have enough qualified suppliers in-house to ensure a good, competitive process.
Guest Blog by Sammeli Sammalkorpi, co-founder of Sievo.
5 Things Spend Data Can and Can’t Solve in Strategic Sourcing
Sometimes, in the midst of discussing Bid Matrix, Purchase Price Variance, and Webservices Integration, one can lose sight of the bigger picture. The most basic concept to understand is the difference between the terms “Sourcing” and “Procurement”.