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Benchmarking in Procurement: The Key to Maximising Business Value

Oxford College of Procurement and Supply

Why Benchmarking Matters in Procurement Procurement is all about achieving value for money. But how do you determine whether your suppliers are truly offering the best value? Improve operational efficiency Pinpoint process inefficiencies and areas for improvement within the procurement function. What is Benchmarking?

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Embracing Technology: How Epping, NH Revolutionized Its Purchasing Process

American City & Country

The Challenge: Limited Resources, Lengthy Research, and Cumbersome RFP Process The Town of Epping faced a significant challenge in streamlining its procurement operations due to the intricate and heavily regulated nature of government purchasing. This is a widespread issue across government procurement teams.

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

ivalua

During the pandemic, Procurement flexed its muscle, helping to mitigate supply chain disruptions and enable new channels for engaging with customers and fulfilling orders. Disrupted supply chains had many retailers looking for alternative local suppliers for equipment, materials, supplies, and more. . Attack GNFR Spend.

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

ivalua

Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. ​ It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. What is Source-to-Pay?