Ditch The Calculator – Spend Analysis Belongs in The Board Room
Spend analysis is about much more than decreasing procurement costs and improving efficiencies – it is integral to making smarter decisions for sustainable growth. There is a habit – particularly amongst small, medium, and fledgling businesses – to leave spending decisions to the grey suits, calculators, and spreadsheets of our friends in finance. Yet when […]
Best Strategies to Manage Hotel Supplier Relationships
Relationships with suppliers are important much more than sealing great deals. Supplier Relationship Management (SRM) is a tough subject that requires the creation and maintenance of long-term connections in order to achieve long-term profitability. A reliable supplier relationship reduces the burden and worry of having to renegotiate contracts or constantly bring in new suppliers. That’s […]
Supplier Relationship Management: Benefits & Importance
As supply chains become more complex, the drive to lower prices means that margins are less. Businesses are shifting to supplier relationship management (SRM) as a structured and systematic method for procuring the goods and services they require to preserve profitability and achieve success. In fact, numerous companies of all sizes in various sectors have […]