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...
We look at range of procurement mechanisms that can drive better value, and then consider two aspects in more detail – demand management and specification – which can drive far greater benefits than a pure price focus!
Rote “drive-by sourcing” events and a resultant contract thrown over the wall into a poorly designed and automated P2P process/system doesn’t make for the best buying experience. Requisitioners who are not able to easily find what they’re looking for (and then get hand-slapped when they bypass preferred vendors) are not exactly going to have a delightful experience with procurement’s designed buying process. Let’s make it easy. Here’s how.
Looking to choose an eProcurement system? The decision used to be easy. Today, it's not. This paper walks you through the three market segmentations (Coupa, Ivalua, and BuyerQuest). Do you gravitate toward one of these types of providers? Then we have a match for you. Download this paper for eProcurement shortlists and recommendations!
This is part 1 in an ongoing series that will primarily focus on procurement-centric CLM in the context of purchasing and supply chain. Where relevant, it will indicate additional sell-side benefits that are offered by a CLM platform and the key capabilities it provides an organization. This iteration covers Contract Lifecycle Management 101.
Be it resolved that the world surrounding the buying of goods is changing faster than transactional purchasing itself. And this, of course, is not sustainable if procurement is to remain influential, relevant and helpful. Change must come, and it must come fast, for procurement organizations that have not yet fully understood nor embraced new buying styles and modes.
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?
En Spend Matters buscamos empoderar a las áreas de compras con contenidos de valor, en esta ocasión realizamos un estudio sobre el uso que las empresas mexicanas le dan a las tecnologías de información para habilitar o fortalecer su función de compras, en especifico las relacionadas con: Compras electrónicas, análisis del gasto, contratación de servicios, catálogos electrónicos, contratos, proveedores, abasto estratégico, gastos de viaje y facturación electrónica; esperamos que este estudio sea de valor para ti y nos des tu retroalimentación.
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.
In a perfect world, enterprises perform good Enterprise Performance Management by forming a great strategy and deploying it to cascade enterprise strategic goals down to line staff so the scorecards are balanced, relevant, aligns, and realistic. The real world is very, very different. Procurement $#hit happens. But in this paper, Pierre Mitchell at least writes about how you can use it as fertilizer.
In today’s global economy, firms like Amazon, Apple, GE, P&G, and Walmart all compete on how well they manage their extended supply chains and associated spending on critical goods and materials. But, in an increasingly services-based economy where nearly everything is becoming a "service" (including all the non-production elements associated with creating a product), applying the same rigor to managing external services spending should also be important. What are the main differences with the contingent market? Why does it matter? What are your peers saying about the space? Download this survey-based report to find out!
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.