There is a wide variety of procurement technology available today that helps businesses to manage different aspects of procurement processes including strategic sourcing and purchase-to-pay processes. Such technologies help in improving vendor management and contract...
Procurement Spend
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A Beginner’s Guide to Spend Analytics
What is Spend Analytics? Minimizing cost is the major cause of concern for many companies and this is the reason they spend more time in the process of spend management. Spend analytics can make this easier by optimizing the supply-side performance and consolidating...
USD 4 Million Savings on Procurement Spend Achieved by Oil Field Services Company Through the Implementation of Spend Analytics Solution
Business Challenge Streamlining supplier management process for cost savings. A leading North American oil field services company wanted to conduct spend analytics for evaluation of its suppliers to implement the most cost effective solution. We understand the...