Fixing the Mess in Healthcare Purchased Services TL;DR: Most hospitals overspend on purchased services without realizing it. With better visibility and contract control, supply chain teams can regain clarity, uncover…
Spend Management vs Expense Management TL;DR: Spend management goes beyond tracking receipts. It equips leaders with real-time visibility and strategic control over company-wide spending—whereas expense management only captures what’s already…
Survive Disruptions with a Food Service GPO TL;DR: Food service GPOs (Group Purchasing Organizations) help operators navigate rising costs, unstable supply chains, and shifting tariffs by leveraging collective buying power for…
Everyone is familiar with the title CEO (chief executive officer). They are the stars of the business world—and often the face of a successful company—helping lead their organization’s overall strategy.…
They say practice makes perfect—and when it comes to business, the practice never ends. Every organization, regardless of industry, faces inefficiencies that hinder growth and performance. Process optimization is the…
As the old wisdom goes, it’s never a good idea to put all your eggs in one basket. … And just in case you’ve always wondered why, it’s because a…
Yes, it’s got what you might politely describe as an “uninspiring” name, but when it comes to understanding a company’s financial health, cash flow from operating activities is an absolutely…
There are certainly benefits to running a small, nimble business—but then again, it can also be a massive headache. Especially if you compete against bigger players. That’s because many independent…
If you’ve ever managed purchasing for different departments or business units, you probably know how complex and scattered procurement can get. Different teams may have varying processes, suppliers, and pricing…
Like many business operators all around the world, you’ve probably looked at your procurement processes and wondered why things take so long—or even why there’s so much waste. Just know…