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.
There is no one-size-fits-all P2P implementation strategy, but the tactical advice we provide in this download is crucial to consider for success. You may have to bend the points to fit your organization’s needs, but if you follow these best practices, you will avoid a lot of the nightmare scenarios we've heard about from our readers.
Download this paper to learn how to breathe life back into your services procurement and contingent workforce program!
In this introductory analysis, we begin our exploration of how to wring every bit of value out of spend data. From basic Accounts Payable (A/P) spend analysis by supplier to more advanced topics, this is definitely the place to get started.
For some, an invoice is a piece of paper sent by a supplier to a customer with varying amounts of detail about services performed or items purchased or to be purchased, along with other details including mailing and remittance information, the maturity date of the invoice and the conditions, such as penalties, if the maturity date is not met. But in practice, an invoice is much, much more...
The target audience for this paper is not only internal (brand management, C-level, finance, legal, line of business owners, procurement) but also sales, where SCRM visibility provides an advantage with risk-averse prospects and clients. As for takeaways, we’ll explore SCRM’s potential ROI, including the main drivers to consider when building a business case. This doesn’t just include supply base assurance and brand management - but also immediate hard savings through process efficiency, avoidance and reduction of crisis costs, and insurance premium reductions. What’s not to like about that?
In the industrial B2B world, and in the MRO (maintenance, repair, and operations) world in particular, relevance and personalization via a complexity-taming intelligent system is exceedingly important. If strategic capital assets are not maintained with the right items and services, whether it's new tooling and lubricant for a planned maintenance job or critical spares for unplanned emergency maintenance, millions of dollars can be lost in minutes and hours. Supplier catalogs matter: a lot.
This might sound like a bold statement, but sometimes (maybe even most of the time) it just doesn't make sense to go to RFP! Sourcing practitioners might scoff at this, but this paper is worth a download just to read how author Thomas Kase challenges the notion that an RFP is the best path to a successful solution provider selection outcome.
It is our hope that CPOs, CFOs, and other senior procurement and finance decision makers that must develop a P2P integration strategy (and program) will find this report invaluable in their efforts. IT and other resources are likely to find useful tidbits as well. At its core, this report doesn’t just look at success criteria for ERP integration. It provides general strategy options for P2P cloud integration as well. The best news? All of this can be way easier than you think. Download to find out how!
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.
Spend Matters - 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).
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.