Assuming savings is required, the following results were found.

  • The 6 Savings Types

    for a large cost block, especially in manufacturing companies or in trade enterprises. This cost block should be managed. Savings should be achieved and performance should be verifiable. In this article, we will present you with a fundamental system…

  • Measuring RFP Savings… But Doing It Right

    In the procurement department, the relationship to the supplier is also a central focus with performance measurement. The services, prices, and quantities established in supplier agreements are essential parameters for the efficiency of procurement and...

  • How to Introduce Successful Initiative Management in Procurement (Part 2)

    In many companies, initiative management and controlling still only play a minor role. Orpheus set out to understand the reasons and “stumbling blocks” and has illustrated essential “design criteria” in this article that play a large role in the...

  • Planning, Managing, and Measuring Procurement Success Using Degrees of Implementation

    Now, there is special software for project management in strategic procurement. The underlying idea is to apply ideas for savings success as procurement initiatives or projects and to plan them…

  • The added value in purchasing: What all constitutes cost savings and how is this measured?

    a corporation make up a large part of the costs, purchasing is faced with correspondingly high expectations to achieve cost savings. The financial perspective is assuming a major role and the added value in purchasing is gaining importance, not least...

  • Procurement Performance Measurement

    Procurement Performance is a question of the definition. Every organization has a somewhat different understanding as to what should apply as a success and thus influence the added value of the purchase . Procurement Performance Measurement provides an...

  • 5 proposals for truly sustainable purchasing success

    A primary function of strategic sourcing is to reduce the purchase price of direct and indirect goods and services within a corporation. If nothing else, the success of this mission unfolds its impact in significant economic parameters of due...

  • Optimizing Margins

    Indeed it is possible – we can optimize our margins significantly easier and even better with transparent data. However, how do we create sustainable data transparency throughout all procurement data of the company? You will find out in the following...

  • Study: Procurement Performance Management today

    "How do I manage to discover new efficiencies and savings potential on a regular basis and how can I use intelligent performance management systems to increase the real commercial contribution of procurement as substantially and as sustainably as...

  • Project Management in Procurement beyond Excel

    Saving initiatives have been introduced and their success measured for many years. Now, a certain professionalization is being introduced...

  • Calculating and Analyzing Material Price Variance (MPV) - 6 Basic Rules

    Material price variance – sometimes also referred to as material cost variance (MCV) – is an essential key indicator for spend managers. It is important because it is a central measure for the success of procurement relevant to profit and loss. It sets...

  • How to Introduce Successful Initiative Management in Procurement (Part 1)

    Currently, many companies in procurement are still focusing on the automation of their operative procurement processes using SRM software modules, such as RfX, e-Procurement, Contract-Management, etc. However, on a strategic level in procurement and...

  • Big Data Analytics in strategic purchasing

    For a few months now, the term Big Data has been a hot topic in the media. Yet what is really new with respect to well-known instruments such as SpendAnalysis and procurement controlling? Big Data in strategic purchasing primarily aims for a higher...

  • Calculate the benefits of transparency in purchasing in 6 steps

    Big procurement successes are the payoff for arduous preparatory work. With internationally operating corporations, in particular, the first step is the recognition of the bundling potential across the group. This is only possible if the ‘same’ goods...

  • 3 Steps to improve Data Transparency in direct and indirect purchasing

    A classification of procurement data – in other words, the purchase vouchers such as invoices and orders – is the second most time-consuming step in the implementation of an efficient Spend Management system.

  • Indirect Purchasing: Transparency, potential analysis and performance measurement

    In many companies, the purchase of so-called direct materials that are incorporated into the final products is part of the core business. These purchases make up approx. 70% to 85% of the purchasing volume within the manufacturing industry. All other...

  • Structure of a Strategic Spend Management System

    Procurement departments are increasingly evolving away from being an order service to being a powerful strategic instrument within their company. Procurement departments are making more and more important decisions. However, there is still heavy...

  • 4 Steps: Predictive Analytics in Procurement

    Identify interdependencies, support forecasts, detect price risks early on and illustrate savings potentials with correlation and regression calculations


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