PROCUREMENT OPTIMIZATION BLOG

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…

A new year means many things for you and your employer.  You may want to focus on getting more yoga into your life while your employer wants to focus on year-end.  We all have goals and tasks that need to…

As procurement professionals, I think we have all had enough of the valid complaint from our business colleagues that the office “shopping experience” doesn’t quite match up to what they experience as consumers. This goes beyond “I can buy that…

A wealth of information exists for companies contemplating the launch of an e-procurement platform. Yet learning about the capabilities needed to support ongoing operations has been extremely difficult–until now.   Our latest eBook, E-Procurement Operations: Post-launch capabilities to ensure your…

Integration ranks among the top challenges companies encounter on the road to procurement automation. One reason is that successful integration of your e-procurement platform requires bringing together different technical and business stakeholders, each of whom are focused primarily on their…

CLM Defined: At its core, contract lifecycle management (CLM) is about being proactive. It is about managing all elements of a contract, from initiation and authoring, to awarding, compliance and maintenance. A proactive approach allows for an organization to focus…

There is a long-running debate in management circles about which is more important: strategy or execution. When it comes to supplier onboarding, there is no debate. Execution is everything. It is a “make or break” process for enabling the success of your procurement transformation initiative. While more and more…