How to Be the “Best in Your Business” Through Spend Analysis and Strategic Sourcing (Part 2)

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From computers and software to basic office supplies or widgets, organizations have a wide array of goods and services they need to purchase to support their business. While procurement professionals make it easier for users to purchase these items, sourcing’s job is more than just getting the best price and then buying “stuff.” It’s an […]

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How to Be the “Best in Your Business” Through Spend Analysis and Strategic Sourcing

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“You don’t know what you don’t know.” It’s an old adage, yet so many of us in procurement and sourcing don’t stop to ask the question and investigate – where are we spending our money? As Ardent Partners’ The State of Strategic Sourcing 2015 report states: “The vast majority of sourcing professionals know that having […]

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It’s Time to Fine Tune Your Invoicing Process

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When it comes to invoicing, most organizations put emphasis on speed, but speed is only one factor in building a well-run invoicing process.

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How One Talent Agency Turned Spend Analysis Software Into a Revenue Finder

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Leave it to a talent agency to have the imagination to convert a spend analytics solution into a revenue management tool.

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Determine How Much You Can Save with our eProcurement ROI Calculator

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One of the first questions that anyone implementing a new eProcurement system asks is “How much am I going to save?” It’s the right question to ask, and all too often you get the answer of “it depends.” And while that’s true, it’s important to have a benchmark to start from and to help you […]

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Take control of maverick spend in five

5 Tips to Help Prevent and Control Maverick Spend

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Being a maverick isn’t all bad. Just look at Steve Jobs and Sir Richard Branson. Their outside-the-box ideas drove innovation and resulted in enormous successes. But for companies trying to manage spend – and let’s be honest, who isn’t? – rules-are-meant-to-be-broken behaviors such as maverick spend can wreak havoc on processes and, ultimately, your company’s […]

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The Best Solutions for Automating Your Business Processes

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Have you ever tried to streamline your procurement and spend workflow to eliminate as many paper-laden processes as possible? If so, you’ll know it’s difficult because finding a system everyone can use can be overwhelming. So how do you optimize your business process automation? Business process automation can happen in many forms, whether it be […]

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How can the Chief Procurement Officer Influence Supplier Relationship Management?

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Note: This is the second in a series of 5 blogs about Supplier Relationship Management. You can see all the blogs at https://www.jaggaer.com/blog/tags/supplier-relationship-management As we discussed in the first blog of this series, Supplier Management Relationships: Shifting from Adversaries to Partners, often procurement professionals neglect to engage suppliers as strategic partners, and this oversight is […]

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Easy Does It: How Complicated Spend Management Software Sabotages Compliance

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When you’re choosing spend management software, your list of criteria is no doubt long. We wouldn’t be surprised to hear that it also contains some conflicting “wishes.” We hear it all the time: the procurement team wants the software that produces the best reports. But that can mean it’s harder for your end users to […]

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What is Spend Analysis?

What is Spend Analysis?

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Spend analysis is the process of identifying, gathering, cleansing, grouping, categorizing and analyzing your organizations spend data with a goal of decreasing procurement costs and improving efficiencies.  Using real-time data and analytics will give you the insight you need you to save money and gain efficiency. Spend analysis is a branch of the much larger […]

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