Source One Takes Proven Cost Reduction Tactics to Dallas, Texas in a Unique Event for Procurement Professionals

Top boutique strategic sourcing consulting firm Source Management Services continues its partnership with leading group purchasing organization, Corporate United (CU), to produce the second installment of The Road to SYNERGY. The one-day conference in Dallas, Texas aims to equip members and prospective members of the CU community in the Southwest with cost reduction strategies. Continue reading “Source One Takes Proven Cost Reduction Tactics to Dallas, Texas in a Unique Event for Procurement Professionals”

What Sets World-Class Procurement Organizations Apart? Use of Digital Technology for One

here are many things that set world-class procurement organizations apart from their average-performing peers. It may be working closely with suppliers to drive innovation and manage risks, or perhaps it’s collaborating with senior management on strategic initiatives. Continue reading “What Sets World-Class Procurement Organizations Apart? Use of Digital Technology for One”

Essar Projects CIO’s e-procurement and e-invoicing applications saves Rs 30 crore in the company

Enterprises and organisations often face new kind of business challenges and complex problems. While ready-made software applications and solutions are easily available in the market, the complexity of business challenges and a problem at times puts the CIOs under immense pressure to innovate and develop solutions that are highly distinctive and beneficial in nature.

How data driven decisions can enhance procurement profitability

The use of data-driven decision making drives sustainable procurement-value in the long term. However, there are different levels of maturity when it comes to handling spend data. Sourcing & procurement organizations can be classified into four categories of maturity levels: Data denial: Organizations distrust the spend data residing in their systems and avoid using it. This could happen due to various reasons, including improper or non-existent … Continue reading How data driven decisions can enhance procurement profitability