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How Consolidating Your Spend Can Help Streamline Your Purchasing Habits

How Consolidating Your Spend Can Help Streamline Your Purchasing Habits

When your business has physical plants in multiple locations, it’s sometimes difficult to get a handle on purchasing.  You may have overarching policies and procedures in place, but who’s minding the store? When remote locations’ budgets creep up past what’s projected, it shouldn’t come as a surprise if your purchasing practices vary. Without consolidation, monitoring… Continue Reading

Understanding the benefits of an effective Procure-to-Pay and Category Management Process

Understanding the benefits of an effective Procure-to-Pay and Category Management Process

Procurement professionals are served by understanding the benefits of an effective procure-to-pay and category management process, as these are two of the building blocks of effective procurement, as it relates to operational finance. Let’s start by defining our terms. Procure-to-pay An effective procure-to-pay system provides organizations with full transparency throughout the procurement life cycle.  Insight… Continue Reading

The Role of Supply Management in Mergers and Acquisitions

The Role of Supply Management in Mergers and Acquisitions

The whole point of mergers and acquisitions is to improve market standing and thus, earnings.  An acquisition not only knocks a competitor out of the running, that competitor’s resources and systems are added to your company arsenal. But the single most important factor in a successful merger is how the supply chain is handled as… Continue Reading

How Blockchain can bring greater value (cost reduction/efficiency improvement) to Procure-to-Pay (P2P) providers and their customers

How Blockchain can bring greater value (cost reduction/efficiency improvement)  to Procure-to-Pay (P2P) providers and their customers

Blockchain is sufficiently complex that many find it a technically challenging idea to grasp.  Here, we’d like to offer a less technically dense explanation of its benefits for P2P providers and their customers. Much more than a ledger or database, Blockchain is more like a “digital trust”.  It can act as a backbone to one… Continue Reading

How to Avoid Price Increases

How to Avoid Price Increases

US Paper Mills increase prices twice in a 3-month period leading to rising costs for business, CenterPoint’s members are protected  In recent months, US paper mills have raised their prices by 20%, causing businesses who depend on their products to feel a significant pinch. This has occurred due to an increase in the prices of… Continue Reading

The rising cost of data usage on mobile devices

The rising cost of data usage on mobile devices

Employees consuming a massive amount of high-speed data is leading to huge increases in company cell phone bills, as most companies pay by the gig. Data usage on mobile devices is at an all-time high. Smartphone users lead the pack in this respect, with average usage hitting 314 GBs per month, per user.  That’s a… Continue Reading

How the Cloud is Making Procurement More Efficient

How the Cloud is Making Procurement More Efficient

They say that the bigger they come, the harder they fall.  But when it comes to procurement, the bigger you are, the more complicated the process. With a growing roster of suppliers and employees dedicated to the supply chain, chaos can ensue, if due care isn’t taken to institute policies and practices which govern procurement. … Continue Reading

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