Category Management

10 Ways to Find Savings Through Analytics

Posted: 07/09/2019 - 06:48
Businesses need faster and more comprehensive spend management solutions, without the need for additional subject matter experts. To this end, our clients have benefited from improvements in insight and service delivery using 4C’s analytics platform 4Spend. Here are ten ways in which new savings can be found using analytics. 
 
1.) Categorisation and Benchmarking 
 

Savings rationalization: What would you sacrifice to maximize savings?

Posted: 01/03/2019 - 02:14
As we move through the holiday season, competition of all sorts is becoming prevalent. Big department stores and smaller retail chains all have their special deals in place and offer a variety of products and solutions to meet spikes in customer demand while racking in the big dollars. They promote discounts and incentives on brand-name products while other shops offer a more generic version of the same items at less than half the price. Consumers are left with a big decision.

Exploring On-Demand Purchased Service Solutions

Posted: 11/20/2018 - 01:04
The management of purchased services continues to lag relative to other categories of spend. And while the reasons are varied and debatable, virtually no one argues the availability of big savings opportunities. So what gives? No doubt, the decentralized nature of many purchased services confounds attempts to introduce more manageable processes. And we can’t overlook the “stiff arm” that procurement leaders often receive from stakeholders who treat certain categories of spend like organizational sacred cows.

Six Steps to Lower Your Telecom Bills

Posted: 10/25/2018 - 00:59
I don’t gamble very often. When I do, I tend to lose. These two facts established, you can probably guess that I spend very little time in casinos. When I do venture into one, however, I’m there for hours. Why, you ask? We’ve already recognized that card games are no friend of mine. No, I tend to linger because of how casino floor plans are designed. Casinos are built to keep people in, entertained and gambling – this comes as a surprise to no one.
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