Procurement Software Blog

I recently read a story about an elderly lady finding a long-lost diamond ring whilst digging her vegetable patch. At first glance this isn’t so unusual, we’ve all heard similar tales. In fact, it happened to my mother only last year (this is true by the way).

When we look for hotels and flights, we tend to be more price driven than when buying, say, clothes or electronics. In procurement, the same factors affecting behavior are at work. For some categories, price is the most significant factor in sourcing. Sometimes price is the only consideration. When we seek to get the best out of a deal, sourcing strategy is key.  

We recently spent some quality time with one of our customers and we talked about how procurement can make a difference in the way a business operates.

What was remarkable was the way in which they told us a few simple truths about the power of combining the right motivation with the right technology.