Spend Matters welcomes a guest post from Liz Herbert, a Principal Analyst at Forrester Research serving Sourcing & Vendor Management professionals. It's no secret that […]
"Individual stones can change hands up to a dozen times over a matter of weeks in polishing houses that grab from piles of legal and […]
Contrary to what systems-driven IT leaders have you believe, the missing link between finance and procurement is not a better transactional procurement system – it’s a common language, understanding and framework to implement and manage savings and overall purchasing performance. Yes, P2P tools matter. But they matter far less in the scheme of bottom-line impact compared to this larger opportunity. While the gap between finance and procurement coordination and agreement around savings, budgeting and planning in far too many organizations is significant, it is not insurmountable.
In preparing procurement and IT sourcing organizations for a new type of category management focused on more effectively enabling and managing a prime supplier tasked […]
Companies prioritize what State of Flux defines as supplier relationship management (SRM) for a number of different reasons. Moreover, the SRM priorities of leaders and […]
Small and medium sized businesses (SMBs) could potentially have the most to gain from better procurement, yet they tend to lag far behind larger organizations […]