Procurement

Making e-Procurement Smarter for Everyone with WeProcurement™

Beginning our series on the WeProcurement™, my first post took a look at what it means to build Relevance into an e-procurement system to make e-procurement make sense to users. Continuing with our series, I will continue on the topic of e-procurement benefits and challenges by focusing on the second pillar of the WeProcurement approach: Intelligence. What is intelligent purchasing software?...

Making e-Procurement Make Sense with A Real-World Example

Beginning our series on the WeProcurement™, my previous post took a look at what it means to build relevance into an e-procurement system to make e-procurement make sense to users. In this case study on e-procurement, we’ll look at a real-world example of how Cornell-Scott Hill Health Center (CSHHC) used relevance to meet their goals in automating purchasing and invoice processing. Who is CSHHC...

Making e-Procurement Make Sense with WeProcurement™

Managing procurement with traditional e-procurement systems can be tough but what is ultimately the key to success of an e-procurement project? User adoption. If you want people across your organization to follow new processes, comply with policy, and use the e-procurement solution for all of their buying needs, you have to design the system for them. At Basware, we advocate an approach that...

How to Save by Reducing Maverick Spending

The Hackett Group estimates that maverick spending can cost companies up to 2% of all indirect spending, due to lost savings opportunities and inefficiencies. That amounts to millions of dollars wasted every year. Maverick spending, also known more formally as unmanaged spending, is a big problem for most companies. Maverick spending is when employees “buck the system” by going outside of...

A Quick Primer on Managed vs. Unmanaged Spend

The definitions are simple. Any demand for goods and services that management wants directed toward preferred suppliers is considered managed spend.  Demand for goods and services that are left up to individual discretion is considered unmanaged spend. Cost conscious enterprises convert unmanaged to managed spend in order to get better value from suppliers. These companies receive better overall...

7th Secret for Successful e-Procurement: Keep improving

It is easy to think that once your e-procurement system goes live, the job is essentially over. The reality, however, is quite different. To realize the full benefits of your new program you’ll need to develop and adjust your procurement management plan. Just as e-commerce sites are continuously monitoring and improving their sites to refine the products available and suppliers they use to better...

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