Tackling Maverick Spend: How Procurement Leaders Can Regain Control
With the increase in maverick spend, how can procurement teams effectively address this growing challenge?
According to a recent study conducted by WBR Insights, ProcureCon, and SDI, a staggering 91% of procurement leaders are facing the challenge of maverick spend, with a significant 39% considering it a major issue. What's even more alarming is that 87% of respondents have noticed a surge in maverick spend over the past year.
Find out why this trend is on the rise, the factors contributing to it, and how procurement leaders can manage it.
Revolutionizing Facility Management: The Power of Integrated Procurement Solutions
Today, supply chain leaders face a daunting challenge: how to streamline complex facility operations while maintaining efficiency and cutting costs. Imagine the disruption caused by delayed repairs, inefficient procurement, and the struggle to keep up with mounting maintenance demands.
What if you could transform these hurdles into a streamlined, cost-effective operation? Discover how integrated procurement solutions can revolutionize facility management, addressing inefficiencies head-on and unlocking unprecedented operational excellence. Dive into our latest post to explore the game-changing potential of these solutions and how they can elevate your facility management strategy.
Out of Stock? Out of Luck: Why Manual Inventory Can Cripple Your Business
Picture this: your supply chain is running smoothly until a single manual error spirals into stockouts, excess inventory, and unhappy customers. What if the very system you trust to keep your business afloat is actually sabotaging your growth?
Labor shortages, global pandemics, and regional wars highlight the critical nature of reliable inventory management. In today’s fast-paced market, relying on manual inventory management is like navigating a minefield blindfolded. Discover how outdated inventory practices could be undermining your success and find out why automated solutions are the key to staying ahead in the competitive landscape.
SDI In Action
Supplier Relationship Management and Its 5 Primary Tasks
The supply chain is complex, often fragmented, and subject to a variety of market conditions. It has become a sophisticated and essential component of any manufacturing business's operational strategy. Supplier relationship management is made up of tasks, and each one is crucial to the success of your companies SRM. Learn more about each component, its value and why your company needs to prioritize the tasks of effective supplier relation management.
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