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The Next Procurement Frontier? Reconciling Speed and Compliance

As the pace of business continues to accelerate, procurement has been recognized, and rightly so, as a fundamental business enabler and strategic function. Now it’s time for the next step. The priority of achieving sustainable cost reduction and reducing risk has met a new role: enabling agility. Considering the current hyper-competitive and fluctuating state of global business, the question procurement should be looking to answer is, How do you move fast while also remaining compliant?

Sponsored Article

Rethinking the MSP Model: From Sourcing to Success

Spend Matters welcomes this sponsored article from Michael Werblun, chief executive at ZeroChaos.

MSPs have evolved as client expectations, industry advancements, technology innovations and new sourcing channels are changing the way organizations do business.

Traditionally, MSPs were narrowly defined due to the type of work that was outsourced. At that time, organizations had very distinct criteria on which they measured providers. It was all about managing hourly labor, sourcing talent, and performance. Fast-forward to today’s landscape – after nearly two decades into formal contingent workforce management (CWM) programs and MSPs – and it’s clear that the contingent workforce has changed, and resources are different and more readily available than they were in the past.

Sponsored Article

12-Step Program for Implementing an Effective E-Procurement Strategy

Spend Matters welcomes this sponsored article from Paulie Anthony, director of marketing at Aquiire.

The cost of indirect spend can add up quickly. However, studies have shown that for a typical company, a 5% reduction in purchasing cost can improve the bottom line as much as a 30% increase in sales. But CPOs and other purchasing leaders face a tough battle to secure a budget for investing in vital e-procurement software unless they can show a strong proof of impact and a measurable ROI.

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How B2B Integration Supports Digital Transformation Initiatives

digital business transformation

Spend Matters welcomes this sponsored article from Mark Morley, director of strategic product marketing at OpenText.

Successfully deploying a B2B integration strategy across a supply chain is key to driving improved performance and competitiveness in the market. There are many different ways, however, to deploy a B2B integration strategy. Quite often, the right choice is dependent on the budget, resources and the on-premises, cloud or hybrid approach that can be used.

Sponsored Article

SOW Best Practices: The Three Pillars Model

Spend Matters welcomes this sponsored article from Michael Matherly, who leads the SOW practice for Geometric Results, the world’s largest independent, conflict-free MSP solutions provider.

To conclude our series on how to get to best practices with SOW (read the prior posts here and here), we look at how to implement and sustain them once they have been determined. The Three Pillars Model offers an effective strategy.

Sponsored Article

Disruptive Technologies Are Driving New Supply Chain Transformation Initiatives

Spend Matters welcomes this sponsored article from Mark Morley, director of strategic product marketing at OpenText.

Over the past decade, CIOs around the world have been mainly focused on deploying complex IT projects such as ERP and CRM environments. These projects have high visibility with corporate boards as they are high budget, high in resource requirements and high in expectations.

Things have changed considerably today, as CIOs wrestle with new types of networks; new disruptive technologies such as wearable devices, 3D printers, advanced robotics, drone based services and the Internet of Things (IoT); and new types of structured and unstructured information coming off of these devices. The digital world is certainly becoming more complex.

Sponsored Article

Planning for a Successful VMS Implementation

Spend Matters welcomes this sponsored article from Justine Hauth, implementation manager at SAP Fieldglass.

Your company has chosen a Vendor Management System (VMS) and you’re anxious to get started on implementation… but stop! An implementation project’s success begins with a well-organized and thought-out plan prior to kick off. Most of us have experienced the impact that poor planning can have: increased timelines, budgets, missed expectations and other frustrations that leave you scratching your head and asking “what went wrong?” and ”how did we get here?” So it’s essential that you consider the following while planning for a successful VMS implementation.

Sponsored Article

How Embedded Analytics can Measure the ‘Pulse’ of Your Supply Chain Operation

data analytics

Spend Matters welcomes this sponsored article from OpenText.

Many companies today are beginning their journey to transform into a digital business. But implementing a digital transformation strategy does not happen overnight, and you can’t just focus on the internal enterprise. You have to consider how to deploy a digital strategy across external stakeholders, as well.

Sponsored Article

Digital Sourcing: The Magnificent 7 is Back

cowboy

Spend Matters welcomes this sponsored article from Stefan Dent, managing director at Simfoni.

There’s no ignoring the advent of digital technologies. The strategy consulting firms call it the “Fourth Industrial Revolution,” and they prophesize a rise of machines and the demise of traditional roles performed by humans, which are being replaced (to a degree) by robotics and artificial intelligence.

Sponsored Article

What Comes Before SOW Best Practices? (Part 2)

change of control clauses

The first installment in our statement of work best practices series tried to answer the question, “What comes before best practices?” We soon realized there isn’t an easy answer. While some companies discover they aren’t complying with SOW contract terms, others may find their pricing structures and payment practices are the problem. Bottom line: Companies often discover what best practices look like only after they’ve recovered from a few bad ones. In our experience, implementing best practices that help organizations control costs, avoid risks and deliver deeper savings can be one key to SOW success. Here are a couple of real life examples of not-so-great practices that led to positive changes.

Sponsored Article

What Comes Before Best Practices in SOW?

Spend Matters welcomes this sponsored article from Michael Matherly, who leads the SOW practice for Geometric Results, the world’s largest independent, conflict-free MSP solutions provider.

We all strive to instill best practices in our organizations — I’m a procurement guy, so those revolving around sourcing, contracting and vendor management are what I seem to be constantly pursuing on behalf of our clients. Recently, I’ve been thinking about what precedes these so-called best practices. Were they actually the worst practices or were they the result of an organization’s a natural tendency to settle on adequate or merely sufficient practices?

Sponsored Article

The 10 (IC)ommandments (Part 2)

ICs

Spend Matters welcomes this sponsored article from Richard Watkins, IC Compliance Program Manager at KellyOCG.

In Part 1 of this series, we examined the first five KellyOCG guidelines to determine whether a worker is an independent contractor (IC) or an employee. In this article, we’ll look at the last five (IC)ommandments to help ICs and companies avoid misclassification.