Author Archives: Tom Cosgrove



Procurement’s Digital Transformation Goals Not in Sync with Development Priorities, Hackett Study Finds

Digital transformation is making it easier for procurement organizations to “do more with less,” according to newly released research from The Hackett Group consulting firm. However, as bluntly stated in its 2019 CPO Agenda: Building Next Generation Capabilities report, “Procurement’s transformation agenda is poorly aligned with its most critical development priorities.”

The procurement industry, according to the report, remains under pressure to act on its critical development priorities for 2019, including improving analytical capabilities, aligning skills and talent with business needs, leveraging supplier relationships, enhancing agility and achieving true customer-centricity.

Procurement Technology, Digitization Can Blunt Economic Headwinds, GEP Report Says

Although global GDP grew a healthy 3.1% in 2018, the year finished with a rocky fourth quarter. Against this backdrop, GEP has released its 2019 Procurement and Supply Chain Management Outlook, which predicts a tough business climate ahead, but one that can be addressed with advances in procurement technology.

Latest Procurement Technology Not Adopted Very Fast, LevaData Finds

Procurement executives may understand how key technologies like data analytics, artificial intelligence (AI) and machine learning (ML) can significantly improve their processes, but they don’t always turn that understanding into actionable adoption of those tools, according to a recent webinar on LevaData’s Cognitive Sourcing Study.

Profiting from Digital Disruption: Certify’s T&E Report Shows 2018 Winners

sharing economy

Digital disruption remained a force in 2018 with brands such as Uber, Amazon and Lyft jockeying for position in the top 10 most-expensed vendors, according to Certify’s 2018 SpendSmart Year in Review Report on travel and expense filings. Companies and business travelers are increasingly choosing digital brands over traditional providers for everything from meals to office supplies to transportation, according to the Portland, Maine-based provider of spend management solutions. In compiling the Year in Review, Certify drew from more than 50 million expenses and $3.3 billion in expense transactions across its North American customer base.