TCO, Total Cost of Ownership, is a concept that aims to analyse the actual cost of a purchase with a chosen supplier, beyond the basic purchase price. TCO brings together all the costs associated with a product or servic...
According to experts, the global industrial vending machine market is expected to double by 2025, reaching a value of up to 1430 million dollars. Indeed, industrial vending machines are becoming increasingly popular in i...
Who does e-procurement really benefit? Buyers, purchasing departments or the company itself? Unsurprisingly, the answer is all three! Wax Digital has conducted a survey of 200 purchasing professionals to explore this que...
On average class C purchases account for 70% of the processing costs for 5% of the total value of purchases within an organisation. Multiple suppliers, urgent orders, ad hoc deliveries etc. The reasons add up to the detr...
The Claritum e-procurement solutions editor has put together an easy-to-read infographic containing everything you need to know to undertake a complete purchasing digitalisation project. Purchasing departments will most ...
Procure to Pay is a strategic priority for businesses across the world, regardless of their size or activity. This subject has not been discussed for several years. However, study after study has shown that identifying t...
Two recent studies, published by eReportsMarket and Grand View Research respectively, showed that the number of industrial vending machines being installed in businesses is increasing, regardless of the industry or regio...
Controlling the cost of direct and indirect purchases and leveraging the potential savings have become a major source of competitive advantage for companies in today's world. One of the key steps in keeping spending ...
Large organisations only very rarely streamline their Class C purchases, which by definition are non-recurring and non-strategic. Despite representing seemingly low amounts, they actually generate very high hidden costs....
B2B marketplaces allow buyers and suppliers to interact and manage their transactions online. Some of the leading solutions in France include Ariba, Perfect Commerce, Coupa, IBX, Ivalua, Determine and Basware. These plat...
