The Maistro solution to managing tail spend
July 7, 2021 at 10:50 AM
Tail spend has a specific set of challenges, quite different to those faced with the management of strategic spend. We recently spoke with several procurment leaders about some of these challenges and how they might be addressed.
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How procurement can help establish resilient supplier networks
June 11, 2021 at 11:11 AM
During the past year, the need for more resilient supplier networks has steadily risen to the top of every CPO's importance list.
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Tail Spend efficiency
Tail Spend efficiency: How to contract with suppliers effectively
March 12, 2021 at 9:15 AM
Tender results are in - now selecting your suppliers and getting to work with them needs to be seamless. Speed to contract can be a big barrier for small suppliers looking to work with large organisations, yet a reduced tender-to-contract time benefits everyone. In this blog we’ll look at how to create a streamlined and successful route to contract, ensuring a swift process which results in gaining what you need from each contractor relationship.
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The hidden benefits of tendering for services
November 27, 2020 at 9:00 AM
Tenders: a lengthy and complex process best used for procuring large contracts? It may be the generally accepted view, but it’s not necessarily the right one. This article will outline why competitive tenders are effective for the procurement of any services - big or small.
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Applying Total Cost of Ownership to Services
November 13, 2020 at 5:42 PM
Total cost of ownership, or TCO for short, is a term most usually associated with assets, goods and software. Procurement takes the base price of the asset, add the cost of shipping, import duties and warehousing and then finally work out any forecasted costs of managing, repairing or decommissioning the asset through its lifetime within the business.
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The changing procurement landscape
October 30, 2020 at 4:20 PM
The procurement world is emerging from the paralysis of lockdown to discover the landscape before them is quite different.  The urgent need to cut costs, supplier chain disruption, longer lead-times, higher supply prices and rapid changes to internal budgets.
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Frictionless service procurement - is lean the catalyst?
October 2, 2020 at 3:00 PM
It’s the new kid in town but Lean Methodology is no stranger. Manufacturing businesses have been using lean thinking for decades to streamline processes, saving time and waste. But why aren’t more service-led organisations capitalising on the benefits Lean can bring?
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Accessing Innovation: the speed dilemma when engaging with start-ups
September 25, 2020 at 3:30 PM
Jumping on a new and promising idea is the smart way to stay one step ahead - but the paperwork and process involved in engaging with innovative start-ups and smaller 'boutique' style suppliers can oftentimes hamper any idea of stealing a march. So, if you want better access to more innovative start-up suppliers, how can you fast track the process?
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How to write a great Brief or Statement of Requirements
January 23, 2020 at 2:08 PM
Creating a brief that is clear and concise will ensure the buying process is fast and cost effective. Although writing a brief can sometimes be the most challenging part of your project, don’t worry, we are here to help. At Maistro we use the term Statement of Requirements or ‘SOR’.
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