The industry is flooded with numerous software solutions, and it is not easy to select the best tools to serve your business needs. Choosing the right solution is a critical decision and knowing your criteria before getting too deep in decision making is a huge benefit. Here’s a 5-Step Approach on how to choose a software package for your business. 1. Business Roadmap: Once the business owner decides the roadmap of the business, the market, and the target customers, how the business solution is going to impact...
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We recently held a webinar with Spend Matters about ways procurement organizations can put a stop to spend leakage. Before explaining how to stop it however, it is important to define what it is – and why traditional definitions may not be enough. Read on or watch the short clip below to learn about some common definitions of spend leakage from our Chief Strategy Officer, Steve Griffiths, and our VP of Automotive Practice, Amarish Kapadia! ...
It’s no mystery why indirect spend is often ignored. By its sheer nature, optimization has proven to be incredibly challenging. Unlike direct materials which are often highly engineered, associated with a specific set of approved suppliers, and controlled precisely through ERP and MRP technologies, indirect spend is comprised of a highly fragmented group of suppliers that vary by business unit (BU) and plant. These suppliers represent 1000s of sub-categories of goods and services and are...