PROCUREMENT OPTIMIZATION BLOG

As Ben Franklin once said, “In this world nothing can be said to be certain, except death and taxes.”  This phrase accurately captures the inescapable burden of taxes. Paying taxes in procurement can be very complicated – a fact that…

My wife tells me that I think about procurement too much during my off-time.  I shamelessly agree with her.  We were having date night and watching The Greatest Showman starring Hugh Jackman.  The film is an interesting take on the…

Invoice tax validation can be tedious but is critical for compliance and cost validation/allocation. Purchasing organizations often approach us with questions about this intricate process. In this blog, we will take a look at the most common questions we receive…

Last week, I found the need to use a postage stamp to mail a thank you card. As I scoured my office, I realized just how long it had been since I’ve had the need to use one. In fact,…

Change management, as a business discipline, dates back to the 1960s. Despite steady growth, dozens of “breakthrough” discoveries and countless books on the topic, the practice of change management hasn’t been very successful. According to McKinsey & Company, only about…

I don’t know about you, but I have a budget.  Admittedly, it’s not the most fun thing in the world to do on a Saturday afternoon but there is something to be said for knowing when and more importantly HOW…

At some point, everyone has to purchase something from a vendor or third-party supplier.  Whether it is buying groceries at a store, dinner at a restaurant or repairs to your home, we tend to minimize our risk by performing some…

Spend Analysis – A First Step in the Procurement Journey: A frequent message we hear from our clients is that they need to do more with less. One area that is tasked with delivering increased value with no significant additional…

The world of procurement is changing at an ever-quickening pace due to the adoption of technology. These technological advances are affecting all areas of our lives. During the Valentine’s Day season this year, I was reminded of how the management…

As part of any typical P2P platform implementation, a range of business scenarios are evaluated to determine how the tool will accommodate the process. P2P tools are very good at solving for standard scenarios. However, invariably, customers will have complex…