• January 09, 2020

What is supply chain

Supply chain management is the handling of the entire production flow of a good or service — starting from the raw components all the way to delivering the final product to the consumer. To accomplish this task, a company will create a network of suppliers (the "links" in the chain) that move the product along from the suppliers of raw materials to the organizations who deal directly with users.

  • January 29, 2020

Direct and Indirect Spend

Direct procurement is the acquisition of goods, materials, and/or services to be directly applied to an organization's own production of materials, goods or services.

  • January 29, 2020

Managing spend in your procurement cycle

Spend management is the end-to-end management of enterprise wide spend. It includes all aspects of spend analysis, spend categorization/spend classification, spend data management and spend performance management. Spend management is a continuous and ongoing process directed toward controlling and optimizing a company's spend and effectively improving its bottom line.