Procurement management
Procurement management Procurement management, also known as purchasing management, is a crucial component of every company. It encompasses all activities related to acquiring goods, services, and resources for the business. The goal is to procure the right products and services in the right quantity, at the right time, and under the best conditions to ensure […]
How to improve transparency in procurement
How to improve transparency in procurement Procurement is often a low-visibility area for CFOs and purchasing managers – especially in indirect procurement. However, this lack of transparency poses significant risks: uncontrolled spending, process disruptions, and inefficient workflows. This section outlines how greater control and efficiency can be achieved through structured processes, clear interfaces, and the […]
How to improve transparency in procurement
How to improve transparency in procurement Procurement is often a low-visibility area for CFOs and purchasing managers – especially in indirect procurement. However, this lack of transparency poses significant risks: uncontrolled spending, process disruptions, and inefficient workflows. This article shows how greater control and efficiency can be achieved through structured processes, clear interfaces, and the […]
Potential savings in indirect procurement
Potential savings in indirect procurement Indirect procurement remains a black box in many companies – characterized by high effort, little control, and hidden costs. Yet, it often holds significant savings potential. CFOs who analyze processes and structures can specifically uncover optimization opportunities and achieve lasting cost reductions. The most important points in brief […]
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Advantages of eProcurement Systems Digitalization in procurement is no longer a future topic – especially in indirect procurement, where eProcurement offers enormous advantages. Purchasing managers who want to reduce manual processes and increase transparency can hardly avoid digital solutions. This article explains the specific benefits of eProcurement and shows how a flexible service provider like […]
Facura Blog 18
eProcurement vs. Purchasing Service Providers: A Realistic Comparison for Purchasing Managers Introduction E-procurement platforms are considered key to digitalization in purchasing and promise significant efficiency gains. However, many automated procurement systems reach their limits, especially when dealing with special requirements or items outside of defined catalogs. This is where specialized procurement services come into play, […]
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Strategic vs. operational purchasing costs: A comprehensive guide to procurement optimization for CFOs The distinction between strategic and operational purchasing costs forms the foundation for modern procurement strategies. In times of volatile markets and shrinking margins, CFOs must analyze not only purchase prices but also hidden process costs – especially in the area of indirect […]
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The state of procurement digitalization in Germany: opportunities and challenges Digitalization has permeated and fundamentally transformed almost all sectors of the German economy in recent years. Procurement and purchasing, in particular, are undergoing profound change, presenting companies with new challenges but also offering enormous opportunities. The German procurement market is in a dynamic transformation process, […]
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The complete guide to indirect procurement: definition, benefits and best practices for 2025 Introduction Why is indirect procurement a key issue in 2025? In 2025, indirect procurement will be more of a focus than ever in strategic corporate decisions. While companies have traditionally concentrated their attention on the direct purchase of production materials, they are […]
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Maverick buying in industrial procurement: causes, effects and concrete counter-strategies 1. Introduction: Maverick Buying as a Strategic Purchasing Risk Today, industrial companies are under pressure to make their procurement processes not only cost-efficient, but also compliant and scalable. In this context, one issue is gaining increasing importance: maverick buying – the deliberate or negligent circumvention […]