Remove Purchasing 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

Purchasing problems: 10 common challenges every purchasing manager faces

Procurify

If you are a purchasing manager struggling to meet your saving targets, you’re not alone. . Technological advancements are also rapidly changing the responsibilities of purchasing managers. . Now is a crucial time to re-evaluate the importance of purchasing in the overall organization strategy. Lack of visibility.

professionals

Sign Up for our Newsletter

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

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?) emergency purchases and b.) those purchases which do not have a significant impact on operational continuity or the bottom line.

article thumbnail

Expanding the influence and impact of Procurement

Spend Matters

However, although Utz Brands enjoys a long and successful history, Ron understood that he had to be prudent and efficient with the dollars available to invest in technology because he did not have the budget that larger competitors have to spend.

article thumbnail

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

ivalua

Upstream covers all the strategic procurement activities such as spend analysis, sourcing, contract management and supplier management (which includes supplier information, risk and performance management). Purchasing is also where value is captured (i.e., Purchasing is also where value is captured (i.e.,

Sourcing 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

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

Jaggaer

Supply chains are multi-tiered and therefore difficult to manage. In recent years, these complex supplier networks have posed difficult challenges for the purchasing teams that are charged with ensuring that goods are made at the right price, are delivered on time and meet the right ethical and quality standards.