The definition of spend management seems to be fairly obvious ⎼ it’s the management of enterprise spend, right? On the contrary, the practice of spend management involves more than just the simple tracking and monitoring of how much money is going out of an organization. Much more.
The NBA finals are upon us. Is it luck? Or have the Raptors and the Warriors made it this far by building a framework for success; utilizing each player’s strengths and abilities to give them a competitive edge above the rest? We say it’s a framework for success – which is exactly what it takes for a supplier management strategy to work, too. From covering the basic fundamentals to ensuring you’re prepared for any and every potential supplier risk, maximizing the competitive advantage you can achieve with the right approach to supplier management helps the entire organization win.
Meeting supplier diversity objectives can help reach larger corporate objectives, too!
Supplier diversity was initially promoted as corporate stewardship for the disenfranchised. Today, it’s considered a competitive advantage. Changing work demographics and emerging markets compel businesses to invest in supplier diversity programs. Yet, most organizations are unable to measure and report on their efforts.
We don’t know about you, but when we think of April – we think Spring. The birds chirping, flowers blooming, green grass, incessant rain (yuck), and summer in our sights! Spring is a time for growth and for change; a beautiful transformation, if you will. This month’s resources stayed true to theme – focusing on the transformation and future of procurement, source-to-pay insights, and even our own evolution as Determine began its new chapter as a Corcentric company. DetermiNews gives you a jump start on spring cleaning your business processes for the sunny days ahead.
Introducing… Determine, a Corcentric company.
Last week, Determine (yes, that’s us!) was officially acquired by Corcentric. Founded in 1998 and based out of Cherry Hill, New Jersey, Corcentric is a leader in procurement and finance solutions that strives to provide a competitive advantage to organizations, enabling them to reduce the cost of growth and, in turn, empowering them to do more for their customers, employees, and the world. Oh – and they have quite the track record, too. Continue Reading
Harness the power of Determine Contract Management, directly in your Salesforce opportunities.
For those who aren’t that familiar with Salesforce, here’s a little background. Salesforce, a global giant and the world’s leading customer relationship management (CRM) platform, helps companies customize, personalize, track, and analyze prospect and customer journeys. Boasting over 150,000 customers, the cloud-based platform provides its clients with insight, visibility, and control into their sales cycles – all the way from developing a new sales lead to the decision of “Let’s Do Business.” That’s why so many sales teams — likely yours — rely on it.