Advanced Services Procurement refers to the strategic sourcing and management of complex, value-added services rather than simple goods or standard services. It involves identifying, selecting, and negotiating with suppliers who can provide specialized expertise, such as consulting, IT services, or outsourced operations. In procurement and supply chain management, this approach focuses on optimizing service delivery, ensuring quality outcomes, and fostering long-term partnerships with suppliers. By incorporating advanced services procurement, organizations can drive innovation, reduce costs, and enhance operational efficiency, while addressing specific business needs and aligning services with broader organizational goals.
Filter by
Maverick Spending
Maverick spending—also referred to as maverick buying, occurs when employees make purchases outside approved procurement processes, policies, or supplier contracts.
Supplier Lifecycle Management (SLM)
Supplier Lifecycle Management (SLM) — also known as Vendor Lifecycle Management — is the end-to-end, strategic management of a supplier
Purchase Requisition Software
Purchase Requisition Software is a digital solution that standardizes, automates, and governs the process of requesting goods and services before
eSourcing Software
eSourcing software is a digital platform that automates, standardizes, and governs the strategic sourcing process — from supplier discovery and
Invoice Approval Software
Invoice Approval Software automates the review, validation, and authorization of supplier invoices before payment. It ensures that every invoice is
Supplier Management System (SMS)
A Supplier Management System (SMS) is an integrated digital platform that centralizes, governs, and optimizes all activities related to suppliers
