Purchasing tips

Improve Your Vendor Management Policy With NASA's Risk Mitigation Framework

NASA’s risk mitigation matrix can help your business improve its vendor management policy and make smarter decisions about who or who not to work with.

The 5 Most Important Vendor Analysis Questions Aren’t About Price (But They Do Bring Cost Savings)

Purchasing tips Matthew Metros 0

Businesses can prevent third-party risk and reduce long-term spend by conducting a vendor analysis that focuses first and foremost on quality.

Choose The Right Vendor Management System With This Decision Matrix

Purchasing tips Matthew Metros 0

The right vendor management system should solve your immediate purchasing pain points and support your long-term procurement strategy. Use this decision matrix to find the best one for your business.

7 Ways Automation Can Improve Your Procurement Strategy

Purchasing tips Matthew Metros 0

A procurement strategy should always map back to two core objectives: reduce costs and reduce risk. Learn how automation can assist with both of these goals.

Invoice Reconciliation At Most Companies Is Broken. Here's How To Fix It.

Purchasing tips Matthew Metros 0

If invoice reconciliation still slows down your business, your process is broken.

How Retail Financial Officers Are Coming Out Of Covid-19

Purchasing tips Matthew Metros 0

Retail brands are carefully navigating reopening after Covid-19, but the risks are still high and consumer sentiment has changed. Learn how your business can adapt to the new normal.

The True Cost Of Maverick Spend (& How To Reduce It)

Purchasing tips Matthew Metros 0

Maverick spend can account for up to 80% of a company’s total spend. Discover how much maverick spend is actually costing your business and how to stop it.