While senior managers may intuitively understand that travel is critical to their company’s success, it’s still one of the first budget items they cut when times get tough. |
Now is as good a time as any for purchasing to consolidate spending on travel and meetings and events, if buyers have not done so already—when economic activity slows. Once spending is under purchasing management, the company will be better positioned compared to the competition when business picks up again. Read more at www.purchasing.com |
| I believe the phrase “spend intelligence” to be misleading. To me, it sounds like a new take or sub-segment of business intelligence software applications which offer analytics and dashboard capabilities and sit on top of existing systems of record. The problem is that spend visibility and analytics is much more complex, requiring data cleansing, rationalization, classification and other efforts which go far beyond what is needed to gain insight into basic HR, financials, IT and other internal information, which fall cleanly in to the BI camp.Read more at procureinsights.wordpress.com |
| With the current economic recession, most companies are feeling the pinch and actively looking for ways to cut costs. On the IT side, CIOs and senior telecom executives are under extreme pressure to make the right spending decisions for their technology infrastructure while dealing with budget cuts. Faced with growing demands in wireless services and the high-ticket costs of telecommunications, Knowledge Center contributor John Shea explains why an increasing number of companies are looking at Telecom Expense Management as the answer.Read more at www.eweek.com |
Continual cost cutting and greater financial responsibility is the pressure that today’s organisations are under - so much so that they may inadvertently reverse the effectiveness of their supply chain, which increases costs and waste instead of profitability. There exists a very real financial stress caused by corporate objectives and Wall Street expectations when a company goes public, at which time costs, gross margins, and quarterly profit and loss reporting become the dominant decision-making influencers. Read more at www.ameinfo.com |
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Purchasing insight figures big in winning strategy
