Downloads: Procurement Research

Best Practices in Benchmarking High-Performing Procurement Teams

The best procurement organizations in the world are intently focused on creating value in their extended supply chains, and they are very good at measuring this value. Benchmarking complements this effort, helping procurement groups identify new sources of value, pinpoint new capabilities and make a case for change. But benchmarking itself is part of a broader competency in performance management that keeps procurement aligned with stakeholders and their dynamic needs. So before delving into particular benchmarks, you need to learn to benchmark better to get any value out of them. You need to not just buy better but also measure better so that you’re focused on doing the right things before focusing on just doing them the right way relative to others. Suffice to say, benchmarking/performance management is not a simple exercise. Learn how to link procurement performance to value chain performance and enterprise performance — and then pull in relevant benchmarks. Download this paper today!

How to Connect Inventory with Research Procurement: A Global Pharmaceutical Company’s Journey

Spend Matters - Free Research Download

Numerous industries are critically dependent on inputs that aren’t neatly wrapped and packaged in cardboard boxes. From ingredients, chemicals, powdered metals and slurries to other bulk materials, many industries have unique purchasing challenges.

Even amidst this diversity, the research lab is a special breed. Its inputs are acquired spontaneously and from diverse suppliers and information sources, have to be available quickly and often come with special handling and exposure compliance rules. From extreme outliers like radioactive materials to day- to-day compounds, all chemicals need to have clear handling guidelines, even fairly innocuous ones. Researchers, who are often prized for their independent thinking, are key decision makers. Gaining their adoption requires processes that are simple, effective and add value.

Download this case study to see how a global pharmaceutical research leader drives procurement success!

Design Thinking in Procurement: Re-imagined Supply Services in a Digital Value Chain

In the 1980s, General Motors learned a difficult lesson about technology when it copied Japanese auto manufacturers in their use of robotics — but didn’t copy anything else. Thinking that large capital investments in technology were the key element to the success of Japanese automotive supply chains, GM spent billions purchasing hundreds of industrial robots. Management claimed the increased automation would significantly boost productivity. Instead, the robots broke down and started painting themselves, breaking windshields and even welding doors shut at a Cadillac plant. Yet beyond the production delays and the expensive repairs required to straighten out the wayward robots, GM missed an essential point. The Japanese automakers saw robots as just one element of a larger supply chain design. GM’s competitors were successful not because of a technological silver bullet but because they had designed an operating plan that translated customer-focused product design into a simplified, flexible, self-improving supply chain. The lesson? There are no quick fixes or cure-alls. You need a comprehensive approach. Download this paper to learn how!

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.

Procurement Business Drivers and Considerations For Digital and E-Signatures

Digital and electronic signatures can play a significant role in accelerating procurement and supplier management processes, reducing cycle times and eliminating latency across a range of activities. They can also help create value in other areas, from organizational and vendor compliance to saving money.
This Spend Matters PRO series exploring e-signatures and digital signatures provides a foundation for procurement organizations to understand, evaluate and implement these solutions to enable a variety of use cases, including contract implementation and contract lifecycle management. In this research brief, we explore the business drivers for digital and electronic signature usage as well as selection considerations when evaluating potential solution providers.
Download this paper to find out more.

Reframing Maturity Models: Empirical Perspectives On Radically Improving Procurement Performance

Procurement maturity is increasingly becoming holistic and integrated – as is procurement technology. No longer can we think of maturity models for various areas of the function (or the use/adoption of solutions) in silos. Step change improvement comes from thinking of the whole – not the parts or even the sum of the parts. In short, we must think about end-to-end process and integration – including the overlap between buying, transactional connectivity, supplier management, supplier portal/connectivity, payment and more.

4 Ways to Drive Down Energy Costs in a Historically Low Energy Market

Spend Matters Video Content - Webinar Replay
In this webinar replay, Insight Sourcing Group’s Tommy Greer and Spend Matters’ Pierre Mitchell discuss how high-performing procurement organizations are managing their energy spend and the top four ways that you can drive down energy costs.