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The question posed by this article is one that has plagued many business owners all over the world. How do you decide between hiring an in-house team for your IT development or should you look beyond the walls of your office and look for an outsource team to help you with the development of your IT section? There will be no perfect answer because at the end of the day it all boils down to personal preference.
Many people have multiple questions when it comes to procurement. Even the word alone scares some off. But in deconstructing procurement we are trying to educate the masses about what it is exactly and should your business even bother with establishing a procurement section in your business or go about your merry way. The team at ThunderQuote would like to help more people understand the importance of quality procurement.
Continue reading “Is Caring About Procurement Going To Improve Your Business?”
In our previous article, we highlighted the difference of spend from expenses. While expenses stated in financial statements contain accounting entries such as depreciation and inventory write-off, spend reflects the actual money paid by an organisation to external parties, regardless of whether they are used to pay for services, products or assets. In this article, we leave the detailed definition of spend and analysis methods behind for a while, and start to look at the key performance metrics that are relevant to Procurement.