Downloads: Procurement Research

Making the Business Case for Procurement Suites

Spend Matters - Free Research Download

It’s hard to talk about the evolution of procurement technology without using at least a few buzzwords. So before we delve into the heart of our argument in this paper, let’s dispense with some industry jargon (which we’ve put in scare quotes below), as we share a quick history of the sector and how the market began to favor suites over point solutions.

When procurement applications first hit the scene, in the early 1990s, they were what we might term “module-based,” “best-of-breed solutions” that addressed “point-based problems” that, when properly deployed, could often generate a significant return to procurement. In many ways, they brought the then-called purchasing function out of the spreadsheet-laden dark ages and into modern times. But these tools, like all promises that appear too good to be true, had their downsides.

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The Merger – A Procurement Story

Spend Matters - Free Research Download
The Merger is a short novel in four chapters. It follows and scripts the daily lives of two CPOs whose businesses have been recently merged: the one, a fully tech-savvy, source-to-pay function, the other, relying on personal expertise and hands-on manual processes. We learn of their opposing challenges and how they resolve them -- together.

The Future of Procurement Demands Smarter Spend Analytics: Here’s Why

Unfortunately, for most procurement organizations, the intelligent procurement scenario seems like science fiction and disconnected from their world of simply trying to see how much money they spend with suppliers at an actionable level. How do you go from Excel to machine learning? This paper can help you begin to bridge the gap.

Smart Spend Compliance: Using Spend Analytics to Reduce the Cost and Risk of Non-Compliance

This paper won’t dive into the mechanics of spend analytics related to identifying potential savings from strategic sourcing (e.g., reduced pricing via competitive bidding to aggregate spending to preferred suppliers). Instead, we will focus on how firms can expand their spend analytics to identify and fix non-compliance scenarios that cost real money and introduce real business risk.

E-Signatures and Digital Signatures: 10 Things Procurement Needs to Know

From better contract management and accelerating the flow of the cash cycle to simply boosting productivity, electronic and digital signatures have proven to be a useful tool for procurement organizations. And, as the supply chain — and the rest of the world — continue to move toward a paperless workflow and implement smarter technologies, digital signatures and e-signatures are a natural path or progression for procurement. Bottom line: digital signatures and electronic signatures save time and money. Download this paper to learn more!

The Past and Future of Strategic Sourcing – Looking Back to Look Forward at E-Sourcing

The future for e-sourcing is bigger and brighter. But as it evolves, it's becoming something different, stretching far beyond what others originally conceived it to be. This future may even seem foreign to those brought up to think about the tools as just a way to model a traditional seven-step process. Yet we can promise you this: emerging e-sourcing scenarios and capabilities will create far greater value for the business and help procurement’s stature rise more than simply pushing through as many events and auctions as possible.

Supercharging Category Management: Free Yourself from Siloed Sourcing to Unlock Breakthrough Value

By framing categories holistically and flexibly you can find new ways to model and manage supply markets to extract more value out of the supply chain. Supply markets are constantly changing and innovating, and so must your approach in managing supply. Off-the-shelf market intelligence reports and category strategies developed years ago will not likely give you a big boost. As such, you must look at category management as a living, breathing thing. It is both an art and a science. This ebook can only give you a broader palette of colors and some methods and tools to consider.