Savings Reporting

Why Savings Reporting and Tracking Is Essential in Procurement

Many procurement organizations struggle to determine the most effective method for savings reporting and measuring actual cost savings. While measuring procurement’s performance proves complicated, successful implementation of a cost savings measurement and reporting system is a key contribution a procurement … Read More

Savings Tracking

What is Savings Tracking? Why and How it is Implemented?

Saving tracking is basically the strategy that is being adopted by different procurement organizations so that they can estimate the savings by using strategic sourcing and other cost-effective initiatives. What is Savings Tracking? There are a number of savings tactics … Read More

Cognitive Procurement

What is Cognitive Procurement? Why and How it is Implemented?

What is Cognitive Procurement? Cognitive Procurement is a self-learning process in which artificial intelligence, NLP, data mining and other technologies are being used. Cognitive computing is being implemented by the procurement teams. These teams include these things in it: Data … Read More

Savings Tracking

How to Track Savings like a Professional – Guide to Savings Tracking

Companies are always working on the motto to track their spending and expenditures because, in this way, they know that where money is going and what fruitful benefits it is bringing to the business. There are also measures for tracking … Read More

Savings Reporting

Types of savings reporting that can help increase your profits.

Savings is something that helps you to overcome unfortunate events and also protects you from any kind of loss. The types and ways of Savings vary with respect to the reason, such as if you are Savings for personal reasons … Read More

Sourcing Software

Reasons why the Sourcing Software is good for business.

In what ways sourcing and e-procurement software differ? Strategic sourcing software or sourcing software comes under the e-Procurement. The Sourcing software does not work like the procurement software. The difference is that unlike the procurement software, the sourcing software’s aim … Read More

Savings Tracking

How important is the Savings Tracking? What makes it special?

Saving tracking record is significant for the knowledge of the progress that a firm has made, what needs to be changed to acquire more profits. It is a complete record showing which transactions are made to whom and which have … Read More

Procurement Savings Tracking

The Steps for Procurement Savings Tracking.

Procurement Savings Tracking :- What’s in this method? Savings tracking is the method by which the savings realized are monitored. This method is the procurement of obtaining the result of tracking. These savings are realized with the help of cost … Read More

Procurement Savings

Procurement Savings: Do they really matter? Methods to achieve.

Meaning and effects of Procurement savings Procurement savings are kind of cost savings. These savings when pressurized upon can create bad quality products. The over-emphasis on cost savings will make them short term costs. The procurement savings fall in the … Read More

Procurement Project Management

What, how and why of Procurement Project Management

A hint to begin with :- Procurement project management is determined on deciding the budget allocated and the time of delivery of the ordered goods for production of deliverables. It comes under the ‘implementation plan’ of “Procurement Management.” This plan is … Read More