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Benchmarking in Procurement: The Key to Maximising Business Value

Oxford College of Procurement and Supply

Types of Benchmarking in Procurement The benchmarking approach depends on the objectives and data available. Use like-for-like comparisons Ensure fair and relevant data comparisons. Supports better decision-making Provides data-driven insights for procurement teams. Ready to deepen your procurement expertise?

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Retail Recovery: 4 Ways Procurement Can Unlock Savings and Add Value

ivalua

Do they invest in automation and technology to enhance data-sharing between channels for a seamless omnichannel journey? Do they reallocate spend toward interactive displays and other in-store features that encourage engagement and focus on customer experience? Attack GNFR Spend.

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

ivalua

S2P is the end-to-end process that encompasses all the activities between an organization and its suppliers. It starts with identifying the right suppliers for a need, sharing requirements and evaluating supplier offers, selecting the most appropriate supplier, negotiating terms and contracting with them to receive goods and/or services.