Procurement departments often cite a lack of engagement from the wider business as a key reason for why they can’t add more value to their organizations.
A large majority of procurement leaders believe making better use of existing digital procurement technologies is a key next step in their digital journeys
Strategic sourcing can transform direct materials spend for any firm, but how can you ensure those savings are sustainable?
In our recent survey around two-thirds (64%) of respondents agreed that strategic supplier relationships will become increasingly important as companies look to achieve their future objectives
By fully optimizing their source to pay (S2P) solution and processes, organizations can make a huge impact to their bottom line by knowing what they are spending their money on at the point of purchase rather than the point of invoice receipt.
A recent Efficio survey of 225 procurement leaders found that technology is driving significant activity in their organizations.
Procurement technology can now record and track cost reductions for Private Equity owners and their portfolios.
As supplier relationships mature it’s not unusual for the value gained from re-tendering contracts to shrink. This is particularly common in high competition industries such as manufacturing, where repeated cost challenges have driven margins to low level
Efficio played a key role in helping FSCS to meet its goals through a new customer proposition that will improve customer service over time, while reducing costs and providing flexibility to meet changing customer requirements in the future
Simon Lipscomb, Marketing and Sales Director, is interviewed about the changes in procurement technology.