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Applying Total Cost of Ownership to Services

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Procurement planning: how 2020 can help optimise 2021
Procurement planning: how 2020 can help optimise 2021
January 08 2021

As we move forward into a new year - from one you may be keen to leave behind - it’s always worth stopping a moment to look back. Take stock. Reflect. As you think about your procurement planning for the year ahead, we outlined some resources to help you on your journey.

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Why procurement transformation is a C-suite issue
December 18 2020

The world of digital procurement is a fast-moving and evolving landscape. The opportunities now available to improve the way your organisation purchases goods and services have never been so good, with multiple sourcing and payment solutions on the market. But is your C-suite on board with the desire to change?

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Spending to save: the importance of continued investment in procurement
December 11 2020

Spare a thought for Rishi Sunak. Having set out spending plans amid 11.3% fall in GDP, (the biggest contraction in 300 years) he Government’s Spending Review last month saw the Chancellor forced to layout in stark economic terms, the impact of the past 12 months. 

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Overcoming Three Key Barriers to Optimising Indirect Spend
December 04 2020

We know that tackling tail spend is a good way to control costs. But getting control of indirect spend is often easier said than done. In this blog, we're going to explore three key barriers to optimising your tail spend.

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The hidden benefits of tendering for services
November 27 2020

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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Assessing Solutions: Source to Pay vs Procure to Pay
November 20 2020

‘You need it? You buy it’ - if only procurement was so simple. The reality is, procuring goods - or services - sparks a chain reaction between different departments. The biggest challenge for businesses is to ensure that the process journey runs smoothly and compliantly. So where to start?

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Applying Total Cost of Ownership to Services
November 13 2020

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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Key Tailspend insights from over 400 procurement professionals
November 06 2020

There's lots of info out there on tailspend, but we wanted to dig a bit deeper. So we teamed up with CIPS and Supply Manager Insider to run an in-depth survey. We had an incredible response, with almost 400 procurement professionals taking part and giving their valuable insights.

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Maistro gains ISO27001 certification
November 04 2020

Maistro is proud to announce our recent attainment of ISO/IEC 27001:2013 certification. Gaining accreditation was the culmination of hard work and careful process planning spanning the last 12 months and is testament to how seriously we at Maistro take information security.

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