Have you ever wondered what the difference between sourcing and procurement is? You’re not alone. While there are key differences between the two, there are some commonalities. Sourcing and procurement are valuable practices for saving money, supporting supply chain management, and ensuring a competitive advantage when buying software. Defining your sourcing and procurement processes correctly … Read more
It takes good tools to drive growth. However, inefficient software purchasing creates headaches for both the budget and technical infrastructure. Companies that prioritize their tech stack keep a handle on day-to-day tech management, SaaS licensing agreements, and legal and security concerns. An efficient SaaS management process requires ongoing efforts to maintain cost and time … Read more
For most companies, relationships with external vendors are integral to the successful running of the business. Vendors supply essential software, production elements, and oversee overhead and utilities. To streamline vendor management, cut costs, reduce risks, and boost profitability, there are five essential best practices to consider. Incorporating them into an efficient process is sure to … Read more
As the price of goods and services continue to increase, the need to implement solid budget controls becomes even more important. Today we’ll cover indirect procurement—what it is, how to keep a handle on it, and where technology can help. By the end of this article, you’ll have the tools and knowledge needed to get … Read more
