Remove Buyers Remove Spend management Remove Supply market
article thumbnail

How to Conduct a Spend Analysis in Seven Steps

Jaggaer

JAGGAER understands the traditional roadblocks to spend management and how important it is to gain insight into operational ineffectiveness in order to improve your sourcing success. A spend analysis allows you to do just that. Here, we’ve outlined the seven steps necessary to conducting a proper spend analysis.

article thumbnail

Strategic Sourcing Success – Techniques Deployed by Leaders in S2P

Jaggaer

Nishiguchi set out eight steps in strategic sourcing: Assessment of a companys current spending (what is bought, where, at what prices?) Assessment of the supply market (who offers what?) Total cost analysis (how much does it cost to provide those goods or services?) However, whats really missing hereneeds analysis.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 Steps Towards Modernizing Supplier Management

ivalua

When it comes to the nature of buyer-supplier relationships, we’re entering a brave, new world. Organizations are increasingly dependent on suppliers to successfully bring innovative goods and services to market on time, improve ESG performance, and meet other objectives. Yet, too few businesses do so well.

Suppliers 130
article thumbnail

SAP Spend Connect – See the bigger picture

Spend Matters

Travel and Expense management leveraging SAP Concur is an easy plug in for travel spend management and all spend flowing through expense reporting. Beroe for supply market intelligence) that’s woven into the solutions to enhance better decision making.

article thumbnail

Let’s Get Digital: Introducing your Source-to-Pay Guide

ivalua

Contract Management: The piece that connects the upstream and the downstream, where value starts being captured. The contracts govern the relationship between the buyer and supplier, an essential process to inform Procure-to-Pay. Also included: supplier improvement plans, innovation plans and overall supplier collaboration.

Sourcing 130
article thumbnail

Supplier Management and Sourcing in the Fashion Industry – Under the Spotlight

Jaggaer

This is not easy given the current volatility in supply markets. For these and many other reasons, the role of purchasing and supplier management is highly strategic in the fashion industry. A further complication in fast-fashion market segments is the perishable nature of the product.