Zach Machi, Author at Card Integrity

March 21, 2024 | Expense Tips, Procurement

Internal vs. External Review of Spend Data: Workload Comparison

Procurement departments are challenged in a myriad of ways. One of the most obvious is the sheer volume of incoming data that they are responsible for. Take university procurement for example (though this certainly applies to procurement departments at large corporations and government administrations as well). A typical mid-sized university may have around 430 cards

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Coworkers taking a long-term approach to sourcing.

February 28, 2024 | Expense Tips, Sourcing

A Forward-Thinking Approach to Procurement and Sourcing

Putting together a future-oriented procurement and/or sourcing strategy requires a lot of attention to detail. You want to minimize risk, but at the same time, you know that for change to happen, you need to take some risk. Maybe your sourcing process is based on price, delivery time, and availability, without much thought as to

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February 15, 2024 | Expense Tips, Sourcing

Risk Management in Strategic Sourcing

One of the most important aspects of putting together a strategic sourcing plan at your organization is risk management, and proper identification of risk. While taking risk is a necessity in business, it’s important to eliminate needless risk factors that do not open any new opportunities for the organization. A solid strategic sourcing plan should

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February 8, 2024 | Expense Tips, Supplier

Supplier Diversity in Procurement: Diversifying Your Supplier Base

If you have spent a significant amount of time in the procurement landscape, especially public procurement, you are aware of supplier diversity efforts implemented to ensure that suppliers owned by minority groups are getting their fair share of business. These efforts seek to undo the historic underrepresentation that minority-owned businesses face. Supplier diversity in procurement

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Buyers going over different sourcing strategies.

January 24, 2024 | Expense Tips, Sourcing

Tactical Sourcing vs. Strategic Sourcing

Sourcing strategies tend to fall under two major categories. The differences between the two are clear and well-defined, but there is less consensus about use cases for each of them. A lot of it depends on the exact organization, its goals, and directives from that organization’s C-Suite. In this blog post, we’ll define both tactical

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Making decisions on which suppliers to use is what sourcing is in an eggshell.

January 8, 2024 | Expense Tips, Sourcing

How Data Monitoring Can Improve Strategic Sourcing Strategy

Strategic sourcing is the process of taking a look at what goods and services your organization needs to run most effectively, and is implemented by taking a look at all available options and optimizing the spend of the organization. It implies a knowledge of the difference between minimizing total cost, and minimizing purchase price. It’s

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