Transforming Indirect Procurement: The Rise of B2B Online Marketplaces
Unveiling the Paradigm Shift in Indirect Procurement Indirect procurement, often involving complex spend categories, has stood firm against the wave of online purchasing trends. Yet, new pressures and offerings are actively reshaping the course of indirect procurement’s future. For those who recall the inception of digital marketplaces for consumers, it might be startling to realize […]
Tail Spend Marketplace for Tail Spend Management
Marketplace for Tail Spend Management Introduction Effective spend management is crucial for the success and growth of any organization. Companies need to optimize their spending across various categories, including direct and indirect procurement. One area that often requires special attention is tail spend management. Tail spend refers to low-value purchases that are often non-core to […]
Is Your Procurement Process Optimized for Maximum Efficiency and Cost Savings?
Discover the Power of Tail Spend Marketplace! In the fast-paced world of business, procurement professionals play a vital role in driving organizational success. As technology advances and demands for efficiency grow, the procurement landscape is evolving, with professionals seeking innovative solutions to streamline processes, reduce costs, and maximize value. Enter CollectiveSpend Tail Spend Marketplace – […]
Understanding Tail Spend in Direct and Indirect Procurement
Direct and Indirect Procurement: Differentiating Essential Materials and Facilitating Resources.
The Impact of Automation on Supply Chain Processes
The Challenges and Benefits of Automation in the Supplier Market: Highlights from the Jaggaer Study According to a new study, only a small fraction of suppliers, specifically 9%, are benefitting from extensive automation in their supply chain processes. This leaves over 90% of suppliers struggling with cumbersome processes. The disrupted global supply chains continue to […]