Touchstone Spend Management sponsors Ivalua NOW 2022
We are delighted to announce our partnership with Ivalua NOW, Ivalua’s annual event dedicated to procurement and supply chain professionals. The event takes place on Tuesday 5th and Wednesday 6th April both in person at the Quai Branly Museum in Paris, and online. The two days will see over 800 attendees listening to insightful content and innovations previews […]
Coronavirus – Covid-19 Touchstone Spend Management Statement
Coronavirus – Covid-19: A Touchstone Spend Management Statement Update: 13th July 2020 In light of recent Government advice relating to the Coronavirus situation in the UK, we have published additional information relating to our Helpdesk & Service delivery team. The Helpdesk and Service delivery team has, for many years, been able to work seamlessly & […]
The Increasing Importance of Supplier & Contract Management
It is often said that the starting point for every procurement function is knowing who your suppliers are and what they do. Unfortunately, procurement and finance teams are often left without the ability to access this basic supplier information due to a lack of specialist procurement tools. You will often find team members performing tasks […]
Procurement isn’t purchasing: the rise of the procurement department
Making a distinction between two similar sounding titles or terms can mark you out as pedantic. Sometimes, it comes after gaining a more clear understanding of what was previously considered much the same thing. In the case of procurement and purchasing, the difference in terminology often depends on the role of the person discussing the […]
Centre-led, yet locally flexible spend control – the best of both worlds?
The best approach to spend control for your business In early discussions with procurement professionals about the structure of their organisations, I find they are often operating under a decentralised model of spend control. Typically, each business, division or geographic unit is responsible for its own purchasing, and appears to work simply on the basis […]