Downloads: Procurement Research

Choosing Procurement Technology – Where Maturity Meets Solutions

Today, you're just starting out long your long procurement technology journey. But like any talented procurement person, you're always thinking about the future. In the second of our series on how to invest wisely in procurement technology now that will carry you forward, Thomas Kase talks maturity models and everything that goes along with them. Download today!

more ▸
 

Implementation Considerations in Quantifying and Tracking Hard Cost Savings

“What are cost savings, really?” you may ask yourself. It’s a simple question with a surprisingly complex answer. In this new research download, Pierre Mitchell walks through various ways procurement can lock down hard cost savings in all sorts of areas beyond reducing spend. Download now to learn exactly how to get procurement the credit it deserves.

more ▸
 

Procurement Performance Management (PPM) – The Ultimate Alignment Tool

Spend Matters Premium Content - Ask the Expert Video Replay
Everyone wants to do things right, but are they also doing the right things? If not, you’re either destroying value (or foregoing it). In this session, one of world’s pre-eminent experts in PPM, Pierre Mitchell, walks you through how the best procurement organizations use PPM not to track their lagging metrics of the past, but to look to the future, stay aligned with stakeholders, create an effective procurement operating model, and elevate the supply management value proposition and transform functions beyond world class performance.

more ▸
 

Choosing Procurement Technology That Grows With You

Spend Matters - Free Research Download
As a procurement practitioner, when you start looking at the portfolio of solutions you have available today, some patterns will likely emerge. First, you’ll have a range of tools in your arsenal. There will be a few painfully obsolete tools that are creaking along. There will be specific procurement tools (analytics, sourcing, etc.) not used by many. There will be several mainstream ERP solutions that are used nearly daily by all. And there will be peripheral tools where the procurement technology waters get murkier. What does this tell us about how we select and use procurement technology and what are the lessons learned? This paper is part of one of the most important parts of a Spend Matters PRO series we’ll publish this fall for companies looking to get more from their solution investments (whether you’re ramping up organized programs for the first time or replacing earlier solutions, it does not matter).

more ▸
 

50 Shades of Pay: Working Capital Optimization Using Spend Analysis and Payment Clocks

Spend Matters - Free Research Download
If you haven't been reading Pierre Mitchell's "50 Shades of Pay" content, then you've been missing out. Over the next few months, we'll be pulling bits and pieces of especially important content from the series from behind the paywall and making them available for general download. This paper focuses on setting your "payment clock" - that's right - the 'perfect order' goes well beyond fulfilling the right quantities, on time, with the right invoice information. Read on for more!

more ▸
 

A Radical Rethink of Commodity Management and Advanced Sourcing Strategies – Advanced Tactics That are Possible Today

Spend Matters - Free Research Download
This is a collaborative research paper where we took an approach we haven’t taken before – it takes our internal knowledge (and that of Trade Extensions) and attempts to come up with pragmatic scenarios for the application of advanced sourcing/optimization capability to commodity management scenarios. In co-investing with a handful of manufacturing organizations, our goal is to produce working models that can be put into production. We feature three use cases in this paper of guinea pigs who have agreed to test out our new method of bridging the gap between sourcing, supply chain, and commodity management.

more ▸
 

Procurement Centers of Excellence (CoE) – What’s In Them and How to Set Them Up

Spend Matters - Free Research Download
There is no one perfect way to organize your procurement CoE. As you may have guessed, it all depends on your existing organization structure and operating model. You'll quickly find that it's not really about the size of the toolbox, but rather making sure you have the right tools for the job (and the master craftspeople to use them). That said, there is some standardization that can be followed, and Pierre Mitchell walks you through that and many other Center of Excellence how-tos in this research. 

more ▸
 

Reducing Costs By Optimizing the Financial Supply Chain

Spend Matters - Free Research Download
Let’s face it: organizations are under more pressure than ever before to maximize current investments, increase productivity, and reduce costs to stay competitive. Procurement teams need to partner with their finance departments and third-party technology providers to ensure that critical suppliers can attain cash as efficiently and effectively as possible. This report shares results from a survey of over 300 procurement executives that Spend Matters conducted in partnership with ISM for their perspective on the state of the financial supply chain as well as what smart companies are doing to stay competitive and increase the bottom line.

more ▸
 

Spend Analytics, Payment Analytics: The Gateway to Gold in Them Thar Hills

Traditional approaches to spend analytics go deep by focusing on cost and price. Yet by going so deep – especially with more advanced queries – procurement might be missing out on a potentially bigger, easier and more consistent prize that is easier to obtain and keeps “paying back” versus simply driving one-time savings opportunities. Might there be potentially better (or at least supplementary) information sets to start with that focus more on the AP and treasury side of the P2P house rather than procurement alone? Read this paper to find out!

more ▸
 

Local Sourcing: Exploring Enablers of Supply Chain and Procurement Localization

Spend Matters - Free Research Download
On the surface, supply chain localization may seem simple. In fact, it's far from easy. Requirements and practices in localization are often incongruous with some procurement and supply chain trends leading to greater centralization of efforts and management. Without the right structure, design, and technology, localization efforts can self-destruct before they're even up and running. And nobody wants that. Download this paper for some tricks of the localization trade from Jason Busch and Thomas Kase.

more ▸
 

Procurement is from Mars and Finance is from Jupiter: How to Align Planets

Spend Matters - Free Research Download
There is no Venus here (that's a paper for another day on working with Marketing). Mars might be the god of war and mighty in his own right – ready to battle any time with a combative supplier or recalcitrant internal stakeholder. But Jupiter is the king of gods: large, distant, cold, foreboding. These gods might seem similar, and in the business world, Procurement and Finance should in theory be highly aligned and focused on cost management, risk mitigation, quantitative analysis, and other areas. But how do you make it work, sans self-help book from the early 1990's? That's where we step in.

more ▸
 

Re-thinking and Re-claiming “Tail Spend”

Spend Matters - Free Research Download
What's your definition of tail spend? We come across a lot of people who don't think it's very complicated (just some pareto analysis on your spend categories, find the "nuisance" spend, voila!) - but that's a completely ineffective strategy if you can't define what you mean by "tail spend" in the first place. In this paper, Chief Research Officer Pierre Mitchell explains different types of spend segmentation that you can apply to your own company - whether you define them as "tail spend" or not.

more ▸