Tag: spend analysis
Although 80% of companies place a lot of emphasis on capturing early payment discounts, research shows that only 27% are able to capture all the discounts available, for various reasons such as: Companies may be unable to process invoices fast enough Organizations may not be able to conduct the spend analysis necessary to maximize discount […]
Procurement Process Outsourcing Proves Faster and Cheaper Than Hiring In-house Procurement Staff and They Can Do More Than Procurement | Article
Neways, a multi-level marketing company, lacked staff with deep procurement skills. It chose to outsource the process to Smart Cube, an Indian supplier. The labor arbitrage saved 50 percent. But that’s not where the real value was; it was in the supplier’s vast domain knowledge.